Flats for sale in Altea

Location
Costa Blanca
Market
Price (€)
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Property area (m2)
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Plot area (m2)
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Bedrooms
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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.

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, a kitchen 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.

Flat Amenities

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
  • A balcony
  • Air conditioning
  • Sea view
  • A lift
  • A garage
Spacious flat for sale - Spain
Cosy flat for sale - interior

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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