Luxury Duplex for sale in Alicante

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Spain
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Properties in Alicante

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. 

Map of Alicante
Panorama of Alicante

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
199,751 € Distrito 1 Carolinas, Goteta, San Antón, Campoamor, Benalúa, Ravar Roig, Barrio Obrero, Serra Grossa
213,269 € Distrito 5 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.

Duplex for sale

Many people dream of their own single-family house, but not everyone may afford a detached property. In such a situation, a duplex house or an apartment is a perfect alternative. They are ground floor or two-level apartments. In Spain, duplexes are sometimes located in prestigious apartment buildings with access to various amenities. However, this does not mean that this type of property is beyond the reach of investors with a smaller budget. Currently, you may also find very interesting offers for duplexes located in more intimate buildings.

 

How do duplexes in Spain look? In such an apartment, the division into the living and sleeping part is very visible. On the lower floor, there is usually a living area with a kitchen and a living room. The first floor is a night zone consisting of bedrooms and wardrobes for the use of the household members. In addition, such a property usually includes two bathrooms - one downstairs and one upstairs. Duplexes also have balconies or large roof terraces, which definitely increase the attractiveness of the property. Among the duplex offers in Spain, depending on your needs, we can find premises with two, three or even four bedrooms. Of course, you have to reckon with the fact that a larger area of the property means its higher price.

Duplex Amenities

Duplexes are a great solution for people looking for a comfortable property with access to various amenities – both, inside and outside. The Spanish property market also offers comfortable, fully furnished duplexes, ready to move in. Duplex offers in Spain very often include:

  • A swimming pool,
  • A garden/patio
  • Air Conditioning
  • Furnishings
  • A car park
  • A balcony/terrace
Duplex interior
Modern Duplex with wide range of amenities

How much do duplexes in Spain cost?

The multitude of offers on the Spanish property market means that one may easily find a house or an apartment, tailored to their needs, preferences and financial possibilities. The price of duplexes is primarily influenced by the following factors: the area, location and available amenities.

 

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 duplexes in Spain?

In the recent years, Spain has become an extremely attractive place to buy a property (not only for native investors). It happens very often that foreigners decide to allocate their savings in properties – it is estimated that the transactions of foreigners have constituted ca. 13% of all sales in 2018. Spanish properties are very popular especially among investors from Great Britain, France, the USA and Scandinavia.

 

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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