Properties in Elche
Elche is located in eastern Spain, in the Costa Blanca region. The city has more than 230 thousand inhabitants. It is not a typical seaside resort, but it still has something to offer tourists and investors beyond the beach and sea.
The city itself is famous for its interesting architecture, which it owes to the Ibers, Phoenicians, Romans and Moors. It is here that the famous lady of Elche was found - an outstanding Iberian sculpture. The exhibition can be admired at the National Archaeological Museum in Madrid. Tourists may enjoy the rich cultural life as much as they like, shop in many shops and enjoy the amazing Spanish cuisine in the local restaurants. In addition, the sea is only half an hour away by car.
Best things to do in Elche
Elche is the largest date palm plantation in Europe. With number of 200,000 - 300,000 palm trees, Elche has more palm trees than people.
In Elche there is an Arab palm grove, which has been on the UNESCO World Heritage List since 2000. Date palms were grown in Elche as early as the 5th century BC and were founded by the Romans. However, the appearance and complex irrigation system is the work of the Arabs. Everything was created in the 10th century - in this period the Muslim city of Elche was born. The palm grove is an oasis – just as the desert oasis, but also serves as an example of Arab farming methods. It is a very unique place in Europe.
Characteristics of the property market in Elche
In Elche you will find many tourist properties at attractive prices. Property prices depend on the attractiveness of the location and the availability of the most popular types of properties. The most expensive properties can be found near the coast and in the city centre. Prices also depend on whether you are buying a detached property or an apartment in a closed district. The price also depends on the proximity of public transport and availability of public facilities. However, regardless of whether you buy a property in the city centre or on the outskirts of the city, you will always have convenient access to the airport and the nearby tourist destinations.
Average price for properties in Elche:
- Average price by square metre for Elche - 1,098 €
- Average price for properties in Elche - 167,945 €
Properties in Elche are bought by foreign investors seeking direct contact with nature and the Spanish tradition. The most famous showpiece of Elche are palm trees. Palms not only delight with their appearance, but also make the air clean and crisp. The sunny and very favourable Mediterranean climate combined with a unique landscape encourage thousands of tourists to spend their holidays here, and a large part of foreign visitors to settle permanently.
- 33 % United Kingdom
- 14 % Romania
- 6 % Germany
- 5 % Bulgaria
- 5 % Netherlands
- 5 % Italy
- 4 % France
- 4 % Belgium
Surely the most popular among foreign investors are the locations near the sea and the coast. If you are planning to purchase a property that will be used for short-term holiday rentals, you will certainly get the biggest return on investment by buying an apartment, a flat or a house with a view of the sea and in vicinity of the beach.
Properties located in the vicinity of palm groves and in the city centre are also very popular. However, if you plan to settle in Elche choose a property well connected with public facilities. In addition, if you want to feel the typical Spanish atmosphere, you can take a look around the property located on the outskirts of the city. In these areas, the vast majority of the residents are native Spaniards.
|127,704 € Elche
|160,988 € Elche
|184,830 € Elche
||Arenales del Sol
|187,922 € Elche
||Peña de Las Águilas
|200,160 € Elche
|201,455 € Elche
|205,079 € Elche
||La Hoya-Daimes-El Derramador
|226,112 € Elche
- 1st quarter 2018 702
- 2nd quarter 2018 827
- 3rd quarter 2018 692
- 4th quarter 2018 807
- 1st quarter 2019 739
- 2nd quarter 2019 759
As long as Elche will delight people with the friendly Mediterranean climate and the beauty of palm parks, it will be a very attractive place, enjoying great interest of tourists and investors. All prospects for the property market in the coming years are very positive and the number of transactions is growing constantly growing. If you decide to buy a property in an attractive tourist location, you can count on a quick return on investment. When buying a property, you always gain an additional benefit, which is the possibility of living in your own house or apartment located in the sunny Costa Blanca.
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 and villas for sale
Do you think about investing in a property? We kindly invite you to take a look at our house and villa offers in Spain. What distinguishes these two types of properties from each other is primarily the area and location. Typically, villas have a larger area. In addition, such properties are often built on the outskirts of cities, which is why they are an excellent choice for people who value privacy and great freedom. Investors with very high demands will also find villa offers for themselves - on our website you will find advertisements for luxurious, modern properties located in prestigious villa districts. Picturesque gardens are also an important aspect of the villas in Spain. In turn, single-family houses usually have a slightly smaller area compared to the villa, which, however, does not diminish their attractiveness. When it comes to homes, investors may choose from detached properties, semi-detached or terraced houses. It is also worth mentioning that houses in Spain are often located in urban spaces, but also on the outskirts of resorts, so that everyone finds the offer that meets their preferences.