The Costa Blanca coast is home to many mysterious towns and cities. One of them is the charming city of Denia. Although Denia is a tourist destination, it is also inhabited by a large number of permanent residents (41 553 permanent residents). It is worth coming here on holiday to relax in the lush countryside, taste the fanstastic Spanish cuisine and see the fascinating massif of Montego. Green groves full of citrus, almonds and amazing vineyards complete the characteristics of this unique place.
Best things to do in Denia
It is worth stopping here for a while or longer. You may also buy an apartment here and rent it to tourists. In addition, there are many attractions in the area around Denia. There is the Macico del Montgó Nature Reserve, which protects the local endemic flora and fauna. The Pla de Dénia Plainis also very interesting - almost everything here is cultivated because the land is very fertile. It is also worth mentioning the symbol of the town, the medieval castle built at the turn of the 11th and 12th centuries. Today it is the Palau del Governador museum. The castle itself offers a wonderful view of the charming Denia and the blue sea.
Characteristics of the property market in Denia
How much do properties in Denia cost?
In Denia you will find many attractive tourist properties at low prices. Denia is a beautifully situated seaside resort. Of course, the prices depend on the location of the property. The most expensive properties will be those along the coastline, i.e. located in the vicinity of beaches and harbour. Very attractive properties can also be found in the vicinity of the Parc Natural del Montgó reserve. However, on the outskirts of the city you will find properties in very cheap prices.
Average price for properties in Denia:
Average price by square metre for Denia- 1,901 €
Average price for properties in Denia- 273,350 €
Who buys properties in Denia?
Denia is very popular with investors from all over the world. It delights with its perfect and very friendly climate, which lasts all year round. The city also delights with its authenticity, Spanish architecture, Spanish traditions and native inhabitants who will make you feel at home. Denia is a place where a huge number of local events takes place. Hence, many foreigners move here permanently.
International buyers:
33 % United Kingdom
14 % Romania
6 % Germany
5 % Bulgaria
5 % Netherlands
5 % Italy
4 % France
4 % Belgium
Best areas for an investment
Unlike the strictly tourist resorts, Denia is a city that is vibrant all year round. During the full season the city is visited by thousands of tourists who are looking for apartments and houses to rent around the coastline. Therefore, if you are buying property for tourist rental it is worth considering the surroundings of El Puerto. However, if you are planning to move to Denia permanently, a lot of locations can be attractive. A large number of schools, kindergartens, health centers and public facilities make life here comfortable. Denia is a good place to do business, not necessarily related to the tourism industry.
163,454 € Denia
Saladar
191,030 € Denia
Les Marines/Las Marinas
198,653 € Denia
Centro Urbano
224,565 € Denia
Devesses - Monte Pego
235,197 € Denia
La Pedrera-Vessanes
275,954 € Denia
La Xara - La Sella
284,969 € Denia
El Montgó
295,662 € Denia
El Puerto
Total numer of housing property transactions in Denia
1st quarter 2018 381
2nd quarter 2018 453
3rd quarter 2018 308
4th quarter 2018 400
1st quarter 2019 327
2nd quarter 2019 380
Prospects for the property market in Denia
Prospects for the property market in Denia are very promising because it is a city that lives all year round. Even in the off-season, there is a large number of native and foreigners here. We strongly recommend buying property for tourist rental, as well as property for a long-term rental. Denia has coped very well with the economic crisis that has affected the whole of Spain in the first decade of the 21st century. Currently, the city is constantly developing and is not losing its Spanish character. Therefore, the popularity of this city will surely grow in the coming years.
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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