The Costa Blanca is a tourist region in Spain located along the Mediterranean coast in the Autonomous Community of Valencia. The name Costa Blanca means White Coast. The climate of this region has been recognised by the World Health Organization as one of the most comfortable areas to live in. In addition, the region is very diverse in terms of geography and at the same time provides excellent transport to nearby cities. There are mountainous cliffs and rocky beaches to the north and sandy beaches to the south. Year after year, new air connections from the EU countries are being established. Tourists arriving on the Costa Blanca most often use the airport in Alicante or Valencia. Due to its attractive location, the Costa Blanca is a very popular destination among foreign tourists. The Costa Blanca is also an excellent place to live, which is confirmed by the numerous populations of British, German, Dutch and Norwegian people who are the most numerous groups of foreign residents on the Costa Blanca.
Best things to do in Costa Blanca
The Costa Blanca is full of tourist, natural and cultural attractions. It is an excellent starting point for those looking for a strong experience, as well as for families with children and the elderly. There is something for everyone. The Costa Blanca will delight you with its beautiful nature - Europe's largest palm tree gardens, natural salt lakes, beautiful beaches with crystal clear water, Algar waterfalls, zoos and nature parks. There are numerous attractions waiting for families with children in amusement parks and aquaparks. Clean beaches with the "Blue Flag" quality mark and sunny weather even more than 320 days a year are the best incentive for all those who want to relax and sunbathe. Of course, you must not forget the dozens of cultural events, festivals and concerts that are held regularly throughout the year.
Characteristics of the property market in Costa Blanca
How much do properties in Costa Blanca cost?
Costa Blanca is one of the most attractive places to invest in Spain. The excellent geographical and tourist conditions, combined with very attractive property prices, have for many years resulted in a steady increase in property prices on the Costa Blanca
There is great interest in cheap properties below 150 000 Euro on the Costa Blanca. On the other hand, the demand for the cheapest properties below 50,000 Euro is even eight times higher than the supply. A positive sign for the region is the fact that every year the number of buyers looking for luxurious properties and modern properties from the primary market is growing.
Average price for properties in Costa Blanca (the Valencian Community)
Average price by square metre for Costa Blanca - 1,723 €
Average price for properties on Costa Blanca - 267,009€
Who buys properties in Costa Blanca?
The property market on the Costa Blanca has been very popular among foreign buyers for several years. The statistics confirm that in 2018 prices increased by 6.49% and the number of transactions increased by 9.7% on a national scale. More than 103 thousand foreign buyers bought a property in Spain in 2018. Of this, almost 1/3 of all properties purchased by foreigners were properties in the Costa Blanca region. This region has been at the forefront of the region's attractiveness to foreign investors for several years. The interest of foreign investors is strongly influenced by low property prices, which are still 25-30% cheaper than before the economic crisis. A great advantage of the market is the variety of available properties - modern apartments, luxury villas, property from the developer, as well as a large number of cheap flats, holiday bungalows and houses near the beach.
Total numer of housing property transactions in Costa Blanca
1st quarter 2018 10 833
2nd quarter 2018 12 221
3rd quarter 2018 9 929
4th quarter 2018 11 238
1st quarter 2019 10 242
2nd quarter 2019 11 736
Prospects for the property market in Costa Blanca
The property market on the Costa Blanca is known for its long stability. Since 2016, the market has been experiencing annual sales growth. 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.
Experts in the Spanish property market forecast that the primary market will develop in the coming years, especially due to the increased interest in property from developers, as shown by the British, Belgians, Dutch, French and Scandinavians. It is also worth noting that in recent years there has also been a great interest in property on the part of residents of Lithuania, Estonia, Bulgaria, Romania and Poland.
Flats for sale
What convinces people to invest in a flat in Spain, is primarily a very affordable price. Purchasing a flat is a perfect choice for people who do not need a large space, and also for investors who are looking for a property for tourist rentals. The flats available on the Spanish property market usually consist of a few rooms – living rooms, a wardrobe, akitchen or a kitchenette and a bathroom. In addition, the flat often includes a balcony overlooking the beautiful area.
Thanks to a wide variety of offers in Spain, the investors may choose from many attractive flats from the secondary or primary market. There are both, fully furnished flats and apartments in a core and shell state available. By using our website, you can find affordable flats in your dream location - we publish property advertisements in central parts of cities and on their outskirts.
The Spanish property market is full of bargain flat offers. The investors may find properties with a number of amenities there. Here are some of the most popular ones.
A car park
How much do flats in Spain cost?
In financial terms, buying a flat in Spain may be a very profitable decision. Of course, you must be aware that the prices of flats on the Spanish property market will vary depending on their location and size. An attractive location, a large area and many amenities increase the price of the property.
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 flats in Spain?
In the recent years, the Spanish property market has made a name for itself in the eyes of foreign investors. Many foreigners decide to buy a property in the hot south, however their motivations are different. Some people invest with their future in mind – they are looking for a permanent place to live with a family. On the other hand, others are looking for an attractive holiday home or wish to earn money from tourist rentals. Considering the current flat prices in Spain, this purchase will be a great idea regardless of your investment goal.
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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