Gandia is one of the most attractive holiday resorts on the Costa Azahar in Spain. The city has a population of about 82,000 and is the second largest city in the province of Valencia. It is located between the mountains and the Mediterranean sea, which makes it even more charming. Gandia is a very attractive place to spend one's life or simply the holidays. It is also a great place for sunbathing e.g. the best and largest beach in Gandia is the Playa Nord beach, with golden, very fine, soft sand - one of the most beautiful beaches in Spain. There is also a beach for naturists nearby, or Playa Alhuir. In addition, Gandia is located quite close to the Rio Vaca river.
Best things to do in Gandia
A huge number of foreign tourists of all ages state that this city provides a very attractive tourist and cultural offer.
Gandia is divided into an old historical part and a modern part - the seaside. There is one of the most interesting monuments of Gandia in the Old Town - Palacio Ducal de los Borja with Renaissance and Baroque architectural elements. In the palace, there is also a collection of unusual azulejos - the 14th century Arabic wall tiles. Their shade and colour are impossible to reproduce, because they come from the pigment of plants that disappeared from Spain along with the Moors. Like any other city in Spain, Gandia also boasts a local delicacy – the fideua. It has a strong, marine taste and is served with pasta. It is said that in Gandia you will have the opportunity to drink the best mojito in the world. There will also be a lot of attractions for people who enjoy active holidays - the cyclists love Gandia due to more than 68 beautifully located cycling routes. In addition, if you enjoy water sports, Gandia provides a well-developed sports infrastructure.
Characteristics of the property market in Gandia
How much do properties in Gandia cost?
Property prices in Gandia depend primarily on their standard and location. Properties located near the beach and the main commercial promenade, Calle Major, are the most expensive. A huge advantage of Gandia is that the properties are definitely cheaper than in the neighbouring cities of Alicante or Valencia. Therefore, the city of Gandia is a very popular place to live in or spend ones' holidays.
Average price for properties in Gandia
Average price by square metre for Gandia - 1,396 €
Average price for properties in Gandia - 167,525€
Who buys properties in Gandia?
Native Spaniards are definetely the largest group of investors in Gandia. It is due to the fact that they appreciate the Valencian climate and lifestyle. In addition, the city has a very well-developed medical infrastructure and schools. Therefore, moving to Gandia with the whole family is not a problem. A very large group of investors in Gandia are Spaniards in their retirement age, who are looking for peace, quiet and the charm of the Spanish seaside. Foreign investors are a minority here, however, there are many international restaurants, bars and tourist attractions dedicated to foreign visitors.
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
Gandia is visited by many foreign tourists, but mostly by Spaniards, which only emphasises the Spanish character of the city. Gandia is also one of the largest coastal cities in Valencia with a very large number of attractive properties to buy. If you wish to buy a property with a view to further tourist rental, then you should concentrate on looking for a property near the beach, preferably Playa Norte, which is the main beach of the city. The very long coastline and excellent conditions for sunbathing in Gandia attract not only tourists from Spain, but also an increasing number of foreign tourists, which guarantees a high level of the property's occupancy.
The properties in the central part of the city of the Passeig de les Germanies are also very popular. The promenade with fountains and numerous restaurants and shops is the perfect place to relax with your friends. Additionally, those looking for peace and quiet will appreciate the properties on the outskirts of the city, which are directly adjacent to the peaceful, rural areas. In this section you can buy a house with a large plot at a very attractive price
96,094 € Centro Ciudad - Gandia
Centro Histórico, Plaza Elíptica-República Argentina, Corea
128,225 € Gandia
Benipeixcar - El Raval
147,089 € Gandia
Playa de Gandia
307,250 € Gandia
Urbanizaciones
514,500 € Gandia
Park nord - Casona
Total numer of housing property transactions in Gandia
1st quarter 2018 336
2nd quarter 2018 481
3rd quarter 2018 332
4th quarter 2018 358
1st quarter 2019 335
2nd quarter 2019 384
Prospects for the property market in Gandia
The city of Gandia maintains a very comfortable balance between the Spanish tradition and openness to foreign tourists. Hence, Gandia is so popular with native Spaniards. As a result, the property market in Gandia is relatively stable, because even in the event of a smaller influx of foreign tourists, the Spanish will be interested in buying property.
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.
Penthouses for sale
A penthouse is an extremely exclusive and comfortable apartment, usually located on the top floor of the building. In addition, very often it consists of two levels, a large living area and is finished to a very high standard. Penthouses in Spain stand out from other properties due to their attractive location. They are often built in the centres of tourist resorts – near service premises, restaurants, cafés and the beach. Of course, a penthouse investment creates bigger costs, however, if you have a sufficient budget, you will not regret this purchase. Your penthouse will allow you to experience luxury in the Spanish style. The large area guarantees the highest level of comfort, freedom and privacy. Be sure to familiarse yourself with the offers of penthouses in Spain on our website - choose from modern, spacious apartments in various locations in the Costa Blanca.
Penthouse Amenities
The luxurious character of Spanish penthouses is manifested primarily in modern equipment and a wide range of amenities. The purchase of a penthouse in Spain is an excellent choice even for the most demanding investors. The property may have access to a private SPA, gym or jacuzzi. The residential building in which the penthouse is located often includes an underground garage. A 24/7 security and reception are standard for the most luxurious properties.
A private swimming pool
A terrace
Sea view
Air conditioning
A garage
A lift
Furnished
Fully equipped kitchen in Penthouse
How much do penthouses in Spain cost?
Due to their exclusive character, attractive location and large area, penthouses are high-end properties. Be prepared that their price will exceed the average value of properties available on the Spanish market.
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 penthouses in Spain?
It would seem that a modern penthouse in the heart of the sunny Spain will only remain in our dreams. Nothing could be further from the truth! Foreigners are increasingly deciding to invest in Spain - in 2018, ca. 13% of all transactions on the Spanish property market belonged to foreign investors. On our website you will find exceptionally attractive penthouse offers in various price ranges. Unawareness of the local property market is no longer an obstacle, our specialists are ready to help! We are happy to advise you on choosing the best property offer and guide you step by step through the various stages of its purchase. Contact us.
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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