Flats for sale in Orihuela Costa

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Where is Orihuela Costa?

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. 

Map of Orihuela Costa
Panarama of Orihuela Costa

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.

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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