Alicante is the capital city of the province of Alicante. It is located on the east coast of Spain on the famous Costa Blanca. Alicante is situated at the foot of the rocky hill - Benacantil, on top of which is the beautiful Castillo de Santa Bárbara Castle. The name of the city is derived from the Arabic term "source of light", because the sun is abundant here almost all year round. Although more and more tourists come here every year, the city has retained its unique atmosphere. While walking along the narrow streets, you will be amazed by the beautiful trees with their impressive roots, as well as by the charming cafes and tapas bars, which attract with their unique fragrances.
Best things to do in Alicante
The city is referred to as the colourful capital of the Costa Blanca region. It is famous for its turbulent history. But most importantly, it is the unique blend of nations and cultures that gives it its colour. Alicante is located on the east coast of Spain, on the bay of Alicante. The city is famous for its many attractions. There is the well-known Castle of St. Barbara - the symbol of Alicante. It is one of the largest medieval Spanish fortresses. In adidition, another famous element is the funny Calle de las Setas, called "The street of colorful mushrooms". Alicante is also a very popular place with fantastic seaside beaches. Natural, sandy and wide beaches, including 3 km long Playa de San Juan or charming, urban Playa del Postiguet and excellent weather, which is guaranteed by the Mediterranean climate are the keywords that cause the excitement of investors in properties for rent.
Characteristics of the property market in Alicante
How much do properties in Alicante cost?
Do you want to buy an apartment in Alicante and wonder what is the average price of a property in this city? Alicante is a city where you will find a very wide variety of properties - from very cheap apartments to luxurious villas. The average property price for the province of Alicante is around 240,000 € and is close to the average property prices for all of Spain.
Average price for properties in Alicante
Average price by square metre for Alicante - 1,547 €
Average price for properties in Alicante - 191,791 €
Who buys properties in Alicante?
Foreign clients are an increasing number of property buyers in Alicante. As many as 12% of all sales in Spain were transactions made by foreigners. The largest group of buyers were citizens of Great Britain, Romania and Germany.
International buyers:
33 % United Kingdom
14 % Romania
6 % Germany
5 % Bulgaria
5 % Netherlands
5 % Italy
4 % France
4 % Belgium
2 % Norway
Best areas for an investment
Alicante is the province capital in the Valencian Autonomous Community of Spain. This region is a very attractive area for investment due to its beautiful location and the touristic nature of the region. In the districts of Alicante, located in the city centre and by the sea, we will find the most expensive properties with an average price of 415.924 €. However, outside the tourist centre, there are cheaper properties at an average price of 105,403 €.
105,403 € Distrito 2
Colonia Requena, Virgen del Carmen, 400 Viviendas, Virgen del Remedio, Juan XXIII, Pla del Bon Repós, Nou Alacant, Altozano
135,629 € Distrito 3
Ciudad de Asís, Los Ángeles, Florida, Alipark, Rabasa, Tómbola, San Blas, San Agustín
Bacarot, Fontcalent, Alcoraya, Montnegre, Rebolledo, Pla de la Vallonga, Cañada del Fenollar, Moralet
415,924 € Distrito 4
Orgegia, Santa Faz, La Albufereta, Playa de San Juan, La Condomina, Vistahermosa, Cabo de las Huertas
Total numer of housing property transactions in Alicante
1st quarter 2018 1 769
2nd quarter 2018 1 958
3rd quarter 2018 1 598
4th quarter 2018 1 745
1st quarter 2019 1 672
2nd quarter 2019 1 769
Prospects for the property market
The property market prospects for Alicante are very good. It is predicted that properties located on the Spanish coast and in tourist centres will enjoy the greatest interest. The high rate of return on investment of up to 10.5% (data from the Spanish Central Bank) should be a big incentive for foreign investors.
Commercial properties for sale
Commercial properties are facilites generating income and profit for the owner. The commercial property offers in Spain are very diverse and therefore noteworthy. Among the many commercial properties available, you can find business premises, e.g. office buildings or warehouses. Commercial property can also be defined as a property that generates only periodic revenues from its use or ownership. This means that the offer of Spanish commercial properties also includes facilities that can be rented for commercial, retail, recreational and industrial purposes. On our website you can find, e.g. hotel facilities, service points, industrial buildings and service units for sale. Commercial properties in Spain are equipped with a number of important amenities - garages, car parks, lifts and air conditioning. The Spanish property market offers premises of various sizes, thanks to which investors can find a property that fully meets their expectations.
Commercial property Amenities
On our website you will find fully equipped properties, bare shell properties, as well as premises for general renovation. Additional amenities are a very important aspect of any property. Here are the amenities commercial properties in Spain may include.
Air conditioning
A garage
A kitchen with appliances
A lift
A car park
Heating
A balcony/terrace
Hotel for sale in Spain
How to buy commercial properties in Spain?
Investing in a commercial property in Spain for rent may be very profitable. However, to gain high return on investment, the investor has to think through the location and type of property. Our specialists are ready to help. We advise on formalities, financing the purchase of property, as well as the best place for investment. Contact us and tell us about your plans - we will find the best commercial property offer for you and help you get through the investment process.
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