Calpe is located on the Costa Blanca coast in the Valencia region. The city is inhabited by more than 21 thousand inhabitants, of which as much as 47% are foreigners. The city combines traditional Spanish climate and modern architecture. It is a very comfortable place to live in, both for the Spaniards, as well as for the many Britons and Germans arriving here. In additiion, Calpe is a holiday resort, which is very well connected with big cities such as Alicante, or Valencia.
Best things to do in Calpe
There are many historical, tourist and sporting attractions in Calpe. The city's calendar of events is also interesting. The city itself within its borders has two charming beaches - Platja Arenal Bol and Platja La Fossa. In the area, there are numerous charming bays with fabulous pure and warm water. From Calpe you can also go on day trips to the nearby Balearic Islands. Visits to Mallorca, Minorca and Ibiza will surely diversify your holiday. Interestingly, Calpe's favourite sport is cycling. Tennis, golf, horseback riding and water sports are also well-liked. The biggest attraction the town is famous for is Peñón de Ifac. It is an unusual rock formation that has become a symbol of Costa Blanca. There is also a famous nature reserve here.
Characteristics of the property market in Calpe
How much do properties in Calpe cost?
Calpe is a very attractive city in terms of tourist infrastructure. Numerous amenities for tourists combined with typical urban services make Calpe a great city to live in. Calpe is a modern city with many high standard properties. Therefore, property prices here depend on the location (the strict city centre, close to the sea, the outskirts of the city). Nevertheless, the most sought-after types of properties in Calpe are apartments, flats and houses.
Average price for properties in Calpe:
Average price by square metre for Calpe - 2,420 €
Average price for properties in Calpe - 438,101€
Who buys properties in Calpe?
Calpe is a very popular destination for foreign tourists, mostly from Great Britain and Germany. The Belgians, Swiss, French and Romanians move here permanently. Residents of these countries also very willingly buying property in Calpe – both, for rent and as their second holiday home. If you decide to move permanently to Spain, Calpe is an easy place to find a place to live. The high availability of schools, hospitals and public facilities makes Calpe a very comfortable place to work and live in.
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
Calpe is a town with a population of 21,633 inhabitants, a significant number of whom are foreigners. The most attractive areas for buying property for tourist rental are the beaches of Playa de Levante or La Fossa. Tourists are also very fond of the area around the bays of Cala de Racó, Cala Gasparet, Cala del Morrelló, Cala Calalga, Cala Manzanera, Cala Les Bassetes and Cala Del Mallorquí. If you are looking for a place from the tourist part of Calpe, you will find it in the Old Town. If you want to feel the typical Spanish atmosphere, you should visit the picturesque cobbled streets in the historic Old Town. Calpe is also a good location for those who want to spend their time actively, practicing water sports or cycling.
216,488 € Calpe
Calpe Pueblo
264,392 € Calpe
Puerto
284,667 € Calpe
Playa Arenal-Bol
286,022 € Calpe
Playa de Fossa-Levante
361,260 € Calpe
Manzanera-Tosal
487,905 € Calpe
Cometa-Carrió
528,732 € Calpe
Canuta
556,848 € Calpe
Gargasindi
Total numer of housing property transactions in Calpe
1st quarter 2018 258
2nd quarter 2018 271
3rd quarter 2018 212
4th quarter 2018 291
1st quarter 2019 214
2nd quarter 2019 323
Prospects for the property market in Calpe
Prospects for the property market in Calpe are very promising. If you buy a property for a short-term tourist rental, you can count on a very high rate of return on investment. Very good prospects for Calpe are influenced not only by the attractiveness of tourism, but also by very comfortable living conditions. Thanks to this, the number of property purchases in Calpe is growing year by year and the number of tourists visiting the city is also growing.
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
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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