Terraced houses for sale in Altea

(2 offers)
Location
Costa Blanca
Market
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Properties in Altea

Altea is located in the northern part of the Alicante region on the Costa Blanca. A characteristic feature of the city is its white architecture. When walking through the maze of narrow streets, you will feel the unique atmosphere of the city. It is dominated by the cliffs of the Serra de Bernia, which provide a mild microclimate - rocky hills are now the most desirable areas for luxury villas. The hills surrounding the city are home to several luxury districts: Altea Hills, Mascarat and Sierra de Alta. In addition, the closed urban districts guarantee the residents privacy and security. Due to its unique location and amazing views, Altea is an ideal place to buy a luxury villa in Spain.   

Map of Altea
City of Altea

Best things to do in Altea

The Spanish property market is very attractive and investments here pay off quickly, especially in locations like Altea - the cultural capital of Costa Blanca and the city of artists. What is so special about this town and why is it worth investing here?

 

Altea is located on the beautiful Costa Blanca, in the Valencia region. The warm Mediterranean Sea, beautiful sandy and pebble beaches, steep cliffs, tiny bays and intimate surroundings guarantee a unique holiday in Spain. Altea also offers a flourishing infrastructure for water sports amateurs. There are two ports in Altea - a fishing port and a sporting port. These are, among other things, the most important reasons why the area is very popular among tourists. Its big advantage is also the proximity of other famous cities.

Characteristics of the property market in Altea

How much do properties in Altea cost?

Altea is an ideal place to relax for those who seek peace and beautiful views. Due to its location and the characteristic architecture of the city, Altea is an ideal place for demanding investors looking for luxurious properties. However, the prices of properties in Altea are higher than the average price for the Alicante region.

 

Average price for properties in Altea:

  • Average price by square metre for Altea - 2,723 €
  • Average price for properties in Altea - 631,648

Who buys properties in Altea?

Altea is a popular investment destination for foreigners. Property is bought here by wealthy investors, including celebrities, millionaires and people looking for discretion and security. Are you looking for luxury, modern architecture, unique views and excellent weather conditions almost all year round? If so, Altea is the perfect place for you. It is also worth mentioning that foreign investors constitute a very large group of the property owners in Altea.

 

International buyers:

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

Best areas for an investment

An absolutely unique place for investing in a property is the Altea Hills district, which is famous for its luxurious villas. Altea Hills is a closed housing estate, which guarantees safety and discretion. Houses located in Altea delight with their modern architecture, breathtaking views and very attractive infinity swimming pools.

251,625 € Altea Zona l'Olla
324,424 € Altea Altea Pueblo
529,254 € Altea Altea la Vella
665,274 € Altea

Zona de Mascarat

1,408,826 € Altea Altea Hills

Total numer of housing property transactions in Altea

  • 1st quarter 2018 196
  • 2nd quarter 2018 173
  • 3rd quarter 2018 132
  • 4th quarter 2018 132
  • 1st quarter 2019 140
  • 2nd quarter 2019 163

Prospects for the property market in Altea

Altea is a very reliable and stable market to invest in. Luxury properties in this prestigious district are consistently popular among investors looking for luxury. In addition, the prestigious character of the district makes property prices resistant to economic fluctuations.

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.

 

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.

Terraced houses for sale

To have a terraced house in Spain is a dream of many – now you can make it come true! Terraced houses are a great solution for people who are looking for a convenient property at an affordable price. Depending on your needs, you may choose from terraced houses with 1,2,3 or more bedrooms. A crucial aspect of terraced houses is their location. Very often they are located in quieter districts of the city, away from the hustle and bustle. Therefore, the purchase of a terraced house is an ideal solution for people who care about privacy and a comfortable and functional environment of the property. Terraced houses are very often equipped with a spacious terrace and have a private garden. Thanks to the investment in a terraced house in Spain, you will gain a fantastic place to relax in. Depending on your needs and financial possibilities, you may look for terraced houses from the primary or secondary market.

Terraced house Amenities

Our website offers a wide variety of terraced houses in Spain. If you are looking for cheaper terraced houses in Spain, we encourage you to look at properties for renovation. In case you need help, please contact our specialists – we will find the perfect terraced house for you.

Check the additional amenities available for sale.

  • A private terrace
  • A garden
  • Air conditioning
  • Fitted kitchen with appliances
  • Heating
  • A swimming pool
  • A garage
Terraced house with swimming pool
Swimming pool by the terraced house

How much do terraced houses in Spain cost?

Are you looking for a property in Spain at an affordable price? Choose a terraced house. Generally, these types of properties are way cheaper and comparable with investing in a detached house. Moreover, it is also a profitable investment in terms of potential income from renting a property. The prices of terraced houses vary significantly. The price will be accordingly higher when the property is located in an extremely attractive location or a large area. The region in which the house is located may also affect the price. Properties in the most popular tourist resorts are usually more expensive.

 

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 terraced houses in Spain?

More and more terraced properties are being purchased not only by Spanish, but also foreign investors. It is good be aware that 13% of all property transactions in 2018 were made by foreigners. The attractive prices and the prospect of a high return on investment (even 10.5%) definitely encourage to buy a property in such a beautiful location. Investing abroad is not as complicated as it would seem – our specialists will prove it. If you need help choosing a property and would like to know more about investing in Spain, you may count on 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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