The Costa Blanca is a tourist region in Spain located along the Mediterranean coast in the Autonomous Community of Valencia. The name Costa Blanca means White Coast. The climate of this region has been recognised by the World Health Organization as one of the most comfortable areas to live in. In addition, the region is very diverse in terms of geography and at the same time provides excellent transport to nearby cities. There are mountainous cliffs and rocky beaches to the north and sandy beaches to the south. Year after year, new air connections from the EU countries are being established. Tourists arriving on the Costa Blanca most often use the airport in Alicante or Valencia. Due to its attractive location, the Costa Blanca is a very popular destination among foreign tourists. The Costa Blanca is also an excellent place to live, which is confirmed by the numerous populations of British, German, Dutch and Norwegian people who are the most numerous groups of foreign residents on the Costa Blanca.
Best things to do in Costa Blanca
The Costa Blanca is full of tourist, natural and cultural attractions. It is an excellent starting point for those looking for a strong experience, as well as for families with children and the elderly. There is something for everyone. The Costa Blanca will delight you with its beautiful nature - Europe's largest palm tree gardens, natural salt lakes, beautiful beaches with crystal clear water, Algar waterfalls, zoos and nature parks. There are numerous attractions waiting for families with children in amusement parks and aquaparks. Clean beaches with the "Blue Flag" quality mark and sunny weather even more than 320 days a year are the best incentive for all those who want to relax and sunbathe. Of course, you must not forget the dozens of cultural events, festivals and concerts that are held regularly throughout the year.
Characteristics of the property market in Costa Blanca
How much do properties in Costa Blanca cost?
Costa Blanca is one of the most attractive places to invest in Spain. The excellent geographical and tourist conditions, combined with very attractive property prices, have for many years resulted in a steady increase in property prices on the Costa Blanca
There is great interest in cheap properties below 150 000 Euro on the Costa Blanca. On the other hand, the demand for the cheapest properties below 50,000 Euro is even eight times higher than the supply. A positive sign for the region is the fact that every year the number of buyers looking for luxurious properties and modern properties from the primary market is growing.
Average price for properties in Costa Blanca (the Valencian Community)
Average price by square metre for Costa Blanca - 1,723 €
Average price for properties on Costa Blanca - 267,009€
Who buys properties in Costa Blanca?
The property market on the Costa Blanca has been very popular among foreign buyers for several years. The statistics confirm that in 2018 prices increased by 6.49% and the number of transactions increased by 9.7% on a national scale. More than 103 thousand foreign buyers bought a property in Spain in 2018. Of this, almost 1/3 of all properties purchased by foreigners were properties in the Costa Blanca region. This region has been at the forefront of the region's attractiveness to foreign investors for several years. The interest of foreign investors is strongly influenced by low property prices, which are still 25-30% cheaper than before the economic crisis. A great advantage of the market is the variety of available properties - modern apartments, luxury villas, property from the developer, as well as a large number of cheap flats, holiday bungalows and houses near the beach.
Total numer of housing property transactions in Costa Blanca
1st quarter 2018 10 833
2nd quarter 2018 12 221
3rd quarter 2018 9 929
4th quarter 2018 11 238
1st quarter 2019 10 242
2nd quarter 2019 11 736
Prospects for the property market in Costa Blanca
The property market on the Costa Blanca is known for its long stability. Since 2016, the market has been experiencing annual sales growth. 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.
Experts in the Spanish property market forecast that the primary market will develop in the coming years, especially due to the increased interest in property from developers, as shown by the British, Belgians, Dutch, French and Scandinavians. It is also worth noting that in recent years there has also been a great interest in property on the part of residents of Lithuania, Estonia, Bulgaria, Romania and Poland.
Country homes for sale
A private country home in Spain is a great way to escape of hoards of a big city. One of the biggest advantages of country homes is their location - they are usually located in the province, which gives them an idyllic character. When selecting a house, it is worth paying attention to convenient public communication with the rest of the city. The access to nearby stores, restaurants and service points should be relatively quick and easy. Among the country homes in Spain we can find, among others, typical south villas - spacious, with beautiful gardens and a terrace overlooking the picturesque, rural landscapes. There is no single definition of what a Spanish country home should look like. Therefore, the local property market includes both one-storey and two-storey properties with 1,2,3 or more bedrooms, furnished and ready to move in, as well as those without equipment. As a rule, better price conditions are provided by the secondary market, but developers' offers are also noteworthy. Due to the large variety of offers, the investor can easily find a home for himself that meets his demands, financial possibilities and investment goals.
Country home Amenities
Houses in the countryside are usually very spacious properties with a large plot of land. On our website you will find offers for fully equipped country homes in Spain, as well as cheaper properties for renovation. The country homes you will find on the Spanish property market include many amenities - both internal and external. Check out the most popular ones.
A big terrace
A swimming pool
How much do country homes in Spain cost?
The attractiveness of the location, area, region of Spain and available amenities - all this can affect the price of a country home in Spain. However, it is worth mentioning that this type of property is usually located in provinces and suburbs, which makes it more affordable in comparison with homes in typically urban areas.
Average value of property transactions of the free housing market in Spain
1st quarter 2018 145 297 €
2nd quarter 2018 149 582,4 €
3rd quarter 2018 152 095,1 €
4th quarter 2018 153 179,7 €
1st quarter 2019 152 023,4 €
2nd quarter 2019 154 487,8 €
Who buys country homes in Spain?
Due to the idyllic nature of the property, the prospect of a high return on investment, as well as attractive prices, country homes in Spain arouse interest among both, native investors and foreigners. The British, German, French, Belgians and many other nationalities are willing to invest in the Spanish property market. Fortunately, the procedure of buying a property is not as complicated for foreign investors as it may seem. However, when choosing the right place for investment, it is worth using the help of professionals.
Average value of property transactions of foreigners on the open-market housing in 2nd quarter 2019 in Spain
New housing – 257 460,2 €
Second hand housing – 157 209,7 €
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