Penthouses 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.

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
Modern kitchen in Penthouse
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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