Houses for sale in Benidorm

(4 offers)
Location
Spain
Market
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property sold
Map of Benidorm

Properties in Benidorm

The Costa Blanca is becoming more and more popular and is starting to compete with the top Spanish coastal region, the Costa Brava. Benidorm is often called the Spanish Las Vegas or the Spanish New York - BeniYork. It is one of the most unique places on the touristic and entertainment map of Spain. In addition, Benidorm is one of the most cosmopolitan cities in Spain.

Best things to do in Benidorm

A huge number of foreign tourists of all ages state that this city provides a very attractive tourist and cultural offer. 

 

The fabulous white staircase leading straight to the Mediterranean Sea, Mirador de Punta Canfali, is something that everyone wants to see.  In addition, it is recommended to witness the wonderful, romantic sunrise on the Levante beach or stay a bit longer on the Poniente beach. Why? Unlike the Levante beach, Poniente is almost completely empty. Moreover, about 50 kilometers from Benidorm, archaeologists have found the oldest wineries in Europe. These wineries date back to 2500 BC. Although they do not function now, it is worth going to the modern local wine factories for a tasting of wines.

Skyscrapers in Benidorm

Characteristics of the property market in Benidorm

How much do properties in Benidorm cost?

Benidorm is the perfect place to invest for the British. This is confirmed by statistical data - Benidorm ranks as fifth in the most searched-for locations in the world (Q1 2017). What encourages the British to invest in Benidorm? Long sandy beaches, a developed tourist infrastructure, numerous water attractions and a huge number of restaurants and pubs, as well as excellent weather conditions.

 

Average price for properties in Benidorm:

  • Average price by square metre for Benidorm - 2,488 €
  • Average price for properties in Benidorm - 278,683 

Who buys properties in Benidorm?

Benidorm is a city with a huge number of tourists from the UK, Denmark, Ireland, Scandinavia and South America. However, it is the British who are the most popular among the group of tourists (42.5%) and foreign residents of the city (2.5 thousand). Therefore, the British are also the main foreign investors.

 

International buyers:

  • 33 % United Kingdom
  • 14 % Romania
  • 6 % Germany
  • 5 % Bulgaria
  • 5 % Netherlands
  • 5 % Italy
  • 4 % France
  • 4 % Belgium
  • 2 % Norway

Best areas for an investment

Benidorm consists of many attractive places to invest in. The British are by far particulalry fond of the district of Levante (Rincón de Loix). The district is full of British and Irish pubs and restaurants. Its international character is emphasized by street names referring to European cities. In addition, the beautiful and long promenade along the Levante beach is the perfect place to relax for people of all ages. It delights with its well-prepared infrastructure for the elderly and people in wheelchairs. The most expensive properties can be found in the Puerto district (376.688 Euro) and the British district Rincon de Loix 326.744 Euro.

172,320 € Benidorm Centro Urbano
172,864 € Benidorm Pueblo Poniente
193,447 € Benidorm Playa de Levantesa
256,150 € Benidorm Pueblo Levante
321,984 € Benidorm Playa de Poniente
326,744 € Benidorm Rincón de Loix
376,688 € Benidorm Puerto

Total numer of housing property transactions in Benidorm

  • 1st quarter 2018 745
  • 2nd quarter 2018 649
  • 3rd quarter 2018 393
  • 4th quarter 2018 453
  • 1st quarter 2019 411
  • 2nd quarter 2019 504

Prospects for the property market in Benidorm

Benidorm is one of the best places to invest in. A large number of British people and a well-designed tourist infrastructure will make you feel at home here. Benidorm offers a very high return on investment. The popularity of this tourist destination, combined with the excellent weather conditions throughout the year, means that properties for tourist rentals pay for themselves very quickly. Owners of the attractively located flats and apartments with a sea view record a ca. 85% occupancy of the apartment during the year.

 

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.

Houses for sale

Single-family houses, built both in the central parts of the cities and on their outskirts are very popular among investors in Spain. Investors may choose from terraced, semi-detached, as well as detached houses. A single-family house is an excellent choice for investors who care about a large area. These types of properties are extremely spacious. You may find offers for houses with 2,3,4 or 5 bedrooms. Investors looking for exceptional price opportunities are encouraged to familiarise themselves with property offers from the secondary market. Of course, new construction is also worth attention. Among the Spanish homes from the primary market, you will find luxury and very modern residential properties with access to a range of amenities.

House Amenities

Houses for sale in Spain include very attractive amenities. Check what type of equipment may be included in price of the property.

  • A terrace
  • A garden with outdoor furniture
  • Air Conditioning
  • A garage
  • A swimming Pool
  • Furnished
  • A kitchen with appliances
Spanish house interior
House in Spain - cosy and modern interior

How much do houses in Spain cost?

The growing interest in homes for sale in Spain is determined by their affordable price. It is   however worth mentioning that the property prices vary widely - it is influenced by the location of the property, its area and equipment. This means that the Spanish property market also includes cheaper single-family houses with a smaller area and luxurious, spacious houses that will certainly interest investors with a larger budget.

 

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 houses in Spain?

Not only native buyers invest on the Spanish property market, foreigners are also eager to allocate their savings there - it is estimated that 1 in 8 transactions in 2018 were made by a foreign buyer. The British are definitely ahead of foreign investors. However, Spanish houses for sale are also very popular among Germans, the French, Belgians and Swedes.

 

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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