Orihuela Costa is one of the most famous and picturesque Spanish coastlines. It stretches from Torrevieja to Mil Palmeras and is the southern part of the Costa Blanca area. However, the city of Orihuela is not located directly by the sea. It is located 20 km inland.
The coast is administratively divided into smaller areas and urbanisations. It consists of places, such as: Villamartin, Cabo Roig, Campo Amor, Aquamarina, Playa Flamenca, Los Dolses, La Florida, Los Altos and Los Balcones. In addition, the city of Orihuela includes 101 thousand inhabitants. In total, Europeans constitute the largest number of foreigners and the most numerous people living in the Orihuela are the British.
Best things to do in Orihuela Costa
The Orihuela Costa covers more than 15 km of beautiful sandy beaches. Experts say they are among the best in Spain and most importantly - very clean. Therefore, they have been awarded with the Blue Flag status. In addition, they are well-organised and include all the necessary equipment for sunbathing and water sports. The guaranteed sunny weather lures thousands of holidaymakers from all corners of Europe. It is worth mentioning that tourists are looking not only for hotel rooms, but also apartments and flats for rent.
Characteristics of the property market in Orihuela Costa
How much do properties in Orihuela Costa cost?
The beautiful location of Orihuela makes the number of property offers here particularly wide. The large area of the city means that properties are available in the hinterland and directly by the sea. In addition, the large selection of properties makes it easy to find real bargains at very attractive prices. Property prices start at 30,500 Euros for small apartments in the suburbs.
The most expensive properties are the ones located in the city centre, in the vicinity of the Old Town and the commercial part, full of boutiques, shops, restaurants and bars. The city itself is very friendly to visitors and the prices of the property are not exorbitant. Very interesting properties can also be found in the coastal area, on the outskirts of the city, and in districts inhabited by native Spaniards.
Average price for properties in Orihuela Costa:
Average price by square metre for Orihuela Costa - 1,662 €
Average price for properties in Orihuela Costa - 245,973 €
Who buys properties in Orihuela Costa?
The property market in Orihuela is very dynamic and has been stable for several years. Property prices are constantly rising, while the number of buying and selling transactions remains at a very high level. The wide variety of property offers – both, very luxurious villas and affordable flats make Orihuela a destination for investors from many European countries as well as from the United States.
International buyers:
33 % United Kingdom
14 % Romania
6 % Germany
5 % Bulgaria
5 % Netherlands
5 % Italy
4 % France
4 % Belgium
Best areas for an investment
The area around Campoamor is definitely the most attractive and luxurious place to invest in. These areas are located near the sea and close to golf courses. In addition, the nearby nature park Sierra Escalona and Dehesa de Campoamor delight visitors with its greenery. In this area you can also find modern buildings such as luxury villas, houses with swimming pools or modern apartment buildings. However, in this part, the property prices are higher than for the rest of the city.
Another attractive location is Cape Cabo Roig - due to the breathtaking views, this location has been developed for the needs of a luxury port and yacht club. An attractive but less exclusive location is Playa Flamenca, which is the perfect place for a holiday for foreign tourists, including the British. Foreign investors, mainly Russians, have spotted the area of La Zenia, where you can buy very attractive houses, bungalows, villas, but also apartments and flats. Other areas worth considering for investment include: Punta Prima, Villamartin, Los Altos and Las Ramblas.
130,687 € Orihuela
Orihuela Pueblo
174,432 € Orihuela
Molins-Campaneta-San Bartolomé
249,412 € Orihuela Costa
Orihuela Costa
224,565 € Orihuela
Desamparados-Hurchillo-Torremendo
235,197 € Orihuela
La Murada-Los Vicentes
275,954 € Orihuela
Montepinar - La Aparecida - Raiguero
Total numer of housing property transactions in Orihuela Costa
1st quarter 2018 973
2nd quarter 2018 1 122
3rd quarter 2018 959
4th quarter 2018 1027
1st quarter 2019 872
2nd quarter 2019 1094
Prospects for the property market in Orihuela Costa
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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