Luxury Studios for sale in Orihuela Costa

Location
Spain
Market
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Lack of offers meeting the criteria.

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.

Studios for sale

Investment in a studio apartment is an ideal solution for a young couple, a single person, as well as investors looking for properties for tourist rentals. Studio is a kind of a bedsit, that is why these types of properties usually have a slightly smaller area. However, in this respect, the offer of studio apartments in Spain is very diverse - there are properties with an area of ca. 40 m2, 50 m2, 60 m2 and larger. Studios are also called large areas, which have been adapted in the attic or the loft. It also happens that after the demolition of partitions, two-room flats are converted into a studio-type premises. However, they are larger and more spacious than a typical one-room flat.

Studio Amenities

In our offer you may also find studio-type premises from the Spanish primary and secondary market – both, fully furnished and those that you may arrange yourself. The properties on our website are very attractively located. We offer studios located near the beach or in the city centre. The attractiveness of individual properties is increased by additional amenities.

  • Furnished
  • Sea view
  • A car park
  • A fitted wardrobe
  • A private balcony
  • A kitchen with appliances
Studio apartment - outdoor amenities
Studio with outdoor amenities

How much do studios in Spain cost?

Studio properties in Spain are definitely very affordable. On our website you may find studio offers that do not exceed 50 thousand euro! However, it should be noted that the price of this type of property depends on the area, location and available amenities.

 

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 studios in Spain?

Due to the attractive price conditions, studio properties on the Costa Blanca arouse the interest of not only Spanish but also foreign investors. It is worth mentioning that about 13% of all sales made on the Spanish property market belonged to foreigners. The amount of interest should come as no surprise. According to the data from the Spanish Central Bank, investors may expect a return on investment of 10.5%.

 

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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