Duplex for sale in Altea

Location
Spain
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Lack of offers meeting the criteria.

Properties in Altea

Altea is located in the northern part of the Alicante region on the Costa Blanca. A characteristic feature of the city is its white architecture. When walking through the maze of narrow streets, you will feel the unique atmosphere of the city. It is dominated by the cliffs of the Serra de Bernia, which provide a mild microclimate - rocky hills are now the most desirable areas for luxury villas. The hills surrounding the city are home to several luxury districts: Altea Hills, Mascarat and Sierra de Alta. In addition, the closed urban districts guarantee the residents privacy and security. Due to its unique location and amazing views, Altea is an ideal place to buy a luxury villa in Spain.   

Map of Altea
City of Altea

Best things to do in Altea

The Spanish property market is very attractive and investments here pay off quickly, especially in locations like Altea - the cultural capital of Costa Blanca and the city of artists. What is so special about this town and why is it worth investing here?

 

Altea is located on the beautiful Costa Blanca, in the Valencia region. The warm Mediterranean Sea, beautiful sandy and pebble beaches, steep cliffs, tiny bays and intimate surroundings guarantee a unique holiday in Spain. Altea also offers a flourishing infrastructure for water sports amateurs. There are two ports in Altea - a fishing port and a sporting port. These are, among other things, the most important reasons why the area is very popular among tourists. Its big advantage is also the proximity of other famous cities.

Characteristics of the property market in Altea

How much do properties in Altea cost?

Altea is an ideal place to relax for those who seek peace and beautiful views. Due to its location and the characteristic architecture of the city, Altea is an ideal place for demanding investors looking for luxurious properties. However, the prices of properties in Altea are higher than the average price for the Alicante region.

 

Average price for properties in Altea:

  • Average price by square metre for Altea - 2,723 €
  • Average price for properties in Altea - 631,648

Who buys properties in Altea?

Altea is a popular investment destination for foreigners. Property is bought here by wealthy investors, including celebrities, millionaires and people looking for discretion and security. Are you looking for luxury, modern architecture, unique views and excellent weather conditions almost all year round? If so, Altea is the perfect place for you. It is also worth mentioning that foreign investors constitute a very large group of the property owners in Altea.

 

International buyers:

  • 33 % United Kingdom
  • 14 % Romania
  • 6 % Germany
  • 5 % Bulgaria
  • 5 % Netherlands
  • 5 % Italy
  • 4 % France
  • 4 % Belgium

Best areas for an investment

An absolutely unique place for investing in a property is the Altea Hills district, which is famous for its luxurious villas. Altea Hills is a closed housing estate, which guarantees safety and discretion. Houses located in Altea delight with their modern architecture, breathtaking views and very attractive infinity swimming pools.

251,625 € Altea Zona l'Olla
324,424 € Altea Altea Pueblo
529,254 € Altea Altea la Vella
665,274 € Altea

Zona de Mascarat

1,408,826 € Altea Altea Hills

Total numer of housing property transactions in Altea

  • 1st quarter 2018 196
  • 2nd quarter 2018 173
  • 3rd quarter 2018 132
  • 4th quarter 2018 132
  • 1st quarter 2019 140
  • 2nd quarter 2019 163

Prospects for the property market in Altea

Altea is a very reliable and stable market to invest in. Luxury properties in this prestigious district are consistently popular among investors looking for luxury. In addition, the prestigious character of the district makes property prices resistant to economic fluctuations.

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.

 

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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