Calpe is located on the Costa Blanca coast in the Valencia region. The city is inhabited by more than 21 thousand inhabitants, of which as much as 47% are foreigners. The city combines traditional Spanish climate and modern architecture. It is a very comfortable place to live in, both for the Spaniards, as well as for the many Britons and Germans arriving here. In additiion, Calpe is a holiday resort, which is very well connected with big cities such as Alicante, or Valencia.
Best things to do in Calpe
There are many historical, tourist and sporting attractions in Calpe. The city's calendar of events is also interesting. The city itself within its borders has two charming beaches - Platja Arenal Bol and Platja La Fossa. In the area, there are numerous charming bays with fabulous pure and warm water. From Calpe you can also go on day trips to the nearby Balearic Islands. Visits to Mallorca, Minorca and Ibiza will surely diversify your holiday. Interestingly, Calpe's favourite sport is cycling. Tennis, golf, horseback riding and water sports are also well-liked. The biggest attraction the town is famous for is Peñón de Ifac. It is an unusual rock formation that has become a symbol of Costa Blanca. There is also a famous nature reserve here.
Characteristics of the property market in Calpe
How much do properties in Calpe cost?
Calpe is a very attractive city in terms of tourist infrastructure. Numerous amenities for tourists combined with typical urban services make Calpe a great city to live in. Calpe is a modern city with many high standard properties. Therefore, property prices here depend on the location (the strict city centre, close to the sea, the outskirts of the city). Nevertheless, the most sought-after types of properties in Calpe are apartments, flats and houses.
Average price for properties in Calpe:
Average price by square metre for Calpe - 2,420 €
Average price for properties in Calpe - 438,101€
Who buys properties in Calpe?
Calpe is a very popular destination for foreign tourists, mostly from Great Britain and Germany. The Belgians, Swiss, French and Romanians move here permanently. Residents of these countries also very willingly buying property in Calpe – both, for rent and as their second holiday home. If you decide to move permanently to Spain, Calpe is an easy place to find a place to live. The high availability of schools, hospitals and public facilities makes Calpe a very comfortable place to work and live in.
33 % United Kingdom
14 % Romania
6 % Germany
5 % Bulgaria
5 % Netherlands
5 % Italy
4 % France
4 % Belgium
2 % Norway
Best areas for an investment
Calpe is a town with a population of 21,633 inhabitants, a significant number of whom are foreigners. The most attractive areas for buying property for tourist rental are the beaches of Playa de Levante or La Fossa. Tourists are also very fond of the area around the bays of Cala de Racó, Cala Gasparet, Cala del Morrelló, Cala Calalga, Cala Manzanera, Cala Les Bassetes and Cala Del Mallorquí. If you are looking for a place from the tourist part of Calpe, you will find it in the Old Town. If you want to feel the typical Spanish atmosphere, you should visit the picturesque cobbled streets in the historic Old Town. Calpe is also a good location for those who want to spend their time actively, practicing water sports or cycling.
216,488 € Calpe
264,392 € Calpe
284,667 € Calpe
286,022 € Calpe
Playa de Fossa-Levante
361,260 € Calpe
487,905 € Calpe
528,732 € Calpe
556,848 € Calpe
Total numer of housing property transactions in Calpe
1st quarter 2018 258
2nd quarter 2018 271
3rd quarter 2018 212
4th quarter 2018 291
1st quarter 2019 214
2nd quarter 2019 323
Prospects for the property market in Calpe
Prospects for the property market in Calpe are very promising. If you buy a property for a short-term tourist rental, you can count on a very high rate of return on investment. Very good prospects for Calpe are influenced not only by the attractiveness of tourism, but also by very comfortable living conditions. Thanks to this, the number of property purchases in Calpe is growing year by year and the number of tourists visiting the city is also growing.
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.
Townhouses for sale
A townhouse is a residential building, which consists of one or a few levels. It is located in a compact building. In Spain, this type of property is maintained in a characteristic style, typical for the Mediterranean countries. Townhouses are especially popular in large cities - such buildings can be found mainly on their outskirts. Individual flats usually form a part of a larger complex, the so-called urbanisation. As part of an urbanisation, residents often have access to a shared patio, a spacious terrace or a swimming pool. The popular in Spain townhouses may have 1,2,3,4 and more bedrooms. Therefore, the properties available are of various sizes. Depending on your needs, you can choose a townhouse with an area of 70 m2, 80 m2, 100 m2 and even over 200 m2.
Among the townhouse property offers in the Costa Blanca, there are fully furnished apartments and apartments without equipment. Here are the amenities that this type of property may be equipped with.
A private balcony
A fitted kitchen
A swimming pool
How much do townhouses in Spain cost?
Purchasing a flat in a townhouse in Spain is a great choice for people with a limited budget – e.g. property offers on the secondary market at a price not exceeding 100,000 euro! Of course, the cost of a townhouse may vary depending on its location and area. A townhouse in a luxurious, popular urbanisation may be much more expensive than the average price on the Spanish property 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 townhouses in Spain?
The affordable price of townhouses means that both, the Spanish and foreigners are willing to invest in them. Spanish properties have become very popular, especially among the British, Germans, Belgians and Romanians. Townhouses are perfect not only as a permanent place to live, but also an investment. If you decide to buy a flat in a townhouse, in a popular resort and you wish to use it for tourist rental, you can count on a relatively high return on investment in the following years.
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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