COSTA BLANCA PROPERTIES

Find homes on the Costa Blanca, a paradise on the edge of the Mediterranean Sea

WHAT IS THE COSTA BLANCA?

Costa Blanca is the tourist brand that identifies the province of Alicante, located southeast of Spain, is the southernmost province of the Valencian Community.

Enjoy a privileged climate with an average temperature exceeding 18 degrees Celsius for 300 days a year and along its more than 200 kilometers of coastline, washed by the Mediterranean Sea and that provides a quality tourist offer.

Inside, parks, forests and bushes are hidden (such as Montgó Park, Carrascal de la Font Rotja Natural Park, La Serra de Mariola or Serra Gelada), treasures of the Mediterranean flora for its ancestral origin and that has provided a notable increase in the demand for rural or inland tourism.

Costa Blanca is the tourist brand that identifies the province of Alicante, located southeast of Spain, is the southernmost province of the Valencian Community.

Enjoy a privileged climate with an average temperature exceeding 18 degrees Celsius for 300 days a year and along its more than 200 kilometers of coastline, washed by the Mediterranean Sea and that provides a quality tourist offer.

Inside, parks, forests and bushes are hidden (such as Montgó Park, Carrascal de la Font Rotja Natural Park, La Serra de Mariola or Serra Gelada), treasures of the Mediterranean flora for its ancestral origin and that has provided a notable increase in the demand for rural or inland tourism.

En el interior se esconden parques, bosques y matorrales (Como el Parque del Montgó, El Parque Natural del Carrascal de la Font Rotja, La Serra de Mariola o Serra Gelada), tesoros de la flora mediterránea por su origen ancestral y que ha proporcionado un incremento notable en la demanda del turismo rural o de interior.

WHAT PEOPLES AND CITIES ARE PART OF THE COSTA BLANCA?

Discover the Municipalities of the Costa Blanca with its unforgettable beaches and coves, pre-coastal summits of majestic beauty and infallible sun make the Costa Blanca a full-time paradise

Every trip causes a magical moment. On the Costa Blanca, that moment in which the traveler feels a kind of revelation can occur in many moments and places. It may arise after a hiking path at sunset, when the «warm and humble light» described by Gabriel Miró takes over the summits of the Sierra de Aitana. It may take place when you feel the joy of childhood games in one of the 170 beaches and coves that border the Mediterranean coast with blue. It can also be unleashed by plowing the waters in a recreational boat, feeling like the wind from the east or from Garbí swells the sails, by discharging our rhythmic energy to advance in a kayak or by completing the course in one of the 21 golf courses of the province bathed in sun more than 300 days a year.

On other occasions, the magic is unleashed unexpectedly through small daily acts. For example, when you savor a rice or other gastronomic jewel on a terrace on the Island of Tabarca, after bathing in your marine reserve. Sometimes the sensation that time has stopped comes to us when the tannic pleasure bursts into our palate when tasting an intense wine, of which they have given Alicante fame since the Roman times.

Or when touring any of the beautiful historical centers, crowned by stony fortresses, that dot the various municipalities of the province by heart and memory. There where the Arab legacy contemplates, from time and distance, a historical development that has left flashes in architecture and in the urban landscape.

Elche, with its Palmeral and its Misteri, both world heritage sites. Alcoy and Novelda, modernists. Alicante, greeting the sea from the Esplanade. Benidorm, challenging the horizon with its mythical skyline. Orihuela, wrapped in the Hernandian echo and the majesty of her sacred art. And so on until completing an inexhaustible catalog of urban experiences, counterpoint of the rest in the sand or the pleasures of the mountain.

The discovery of the unexpected is always around the road in Costa Blanca. Just let yourself go, enjoy in good company and remember forever. Welcome to your destination.

 

Cities on the Costa Blanca by inhabitants

TORREVIEJA 82599
SANTA POLA 31745
ALICANTE 331577
BENIDORM 67558
CALPE 29718
DENIA 41733

 

THE COSTA BLANCA | HOW TO PLACE TO INVEST IN PROPERTIES

 

Since 2017 we are in one of the best times to buy housing. With the financial crisis over and, although, not everyone wants to buy a home, the reality is that many people wonder what the best time to buy is, and the question is not always easy to answer.

However, we can say that this year 2020, if it is a good time to buy.

The housing market has been showing for some time that we are in a good moment to buy since we have carried out a complete analysis;

The Euribor is on our side
Surely you’ve heard about the Euribor a million times in the media, well, the main economic agent that determines whether it is a good time to buy housing or not, is he.
Before we begin to explain why it is a good time to buy housing, we will briefly explain what exactly Euribor is; Euribor is the interest rate applied to transactions between banks in Europe. That is, the percentage of money we pay to the bank for lending us money and is always related to the mortgage market.

The interest rate on a mortgage loan is set around two components:

Reference index: although there are more indexes, in Spain it is the most common.
Differential: it is the fixed part that is added to the benchmark. Currently, the Euribor is negative. Specifically in -0,112%. Therefore, with the Euribor in negative and without forecasts of going up until 2021, the experts assure that it is the best moment to buy housing.

Buy to rent, the best time
Real estate investments have always shown excellent health. There is no product on the market that matches the profitability of real estate products.

For this reason, with the price of rent for the clouds, investing in the real estate market can be a great success.
Although, like any investment, it is important to determine and anticipate certain risks. There is a fundamental aspect to make a good real estate investment and, it is the city and the neighborhood where we will make the purchase. For this reason, when choosing this option, it is vital to analyze the situation correctly.

Our recommendation is always to have a professional as a Real Estate Agent who knows the prices of the market, the area in which it operates, performs exhaustive analyzes of housing and investment and accompanies you throughout the purchase process.

Exercise

Increase in sales and significant improvement in the terms of sale of new construction promotions compared to the previous year.

Construction of new flooring projects has begun in Dénia (200 homes), Jávea (300). On both sites there are promotions pending licenses. On the other hand, in Benissa and Moraira projects are offered mainly for single-family housing.

The type of housing that is being built in Dénia and Jávea is plurifamilar in a gated community with high average qualities, 2 or 3 bedrooms and an area between 89 and 110 m2

. In Moraira and Benissa, isolated single-family housing of high quality of 300 m2 of constructed area predominates, in plots of 800-1000 m2.

Land market

The market begins to develop a regular activity. In general, there is no shortage of finalist land in the beach areas in any of the locations in this area. However, in urban areas, vacant land is scarce. Also the land stock is smaller on the beachfront and could be absorbed quickly if the sales rate continues to recover.

The Transitory Urban Regime of Denia is annulled by a ruling of the Supreme Court of June 29, 2017. The land with mortgage guarantee cannot be valued, as well as works in progress and paralyzed. This is affecting the sector in an important way.

Demand

The buyer of holiday homes is both domestic and foreign. It comes from the Valencian Community and the Community of Madrid, in the first case, and from England, Germany and Russia between the latter.

DATA ON PROPERTIES ON THE NORTH COSTA BLANCA

(Entre Denia y villajoyosa)

Municipalities that are included: Dénia, Els Poblets, Jávea, Benitachell, Moraira, Benissa

The holiday home market is in clear recovery in Dénia, Jávea, Moraira (Teulada), and Benissa. Recovery is still slow in Benitachell, while El Poblets is still paralyzed.

Prices

In clear ascent. The evolution is better than the previous year. Poblets are stagnant and signs of improvement are detected in Benitachell.
Everything indicates that the growth trend will intensify, as new construction promotions are being carried out, which, in many cases, are already
sold a high percentage before even finishing the works.

Average price for holiday homes on the beachfront in the most expensive area:

Multi-family housing: € 2,150 / m2
. In Jávea and Moraira. These are 2 and 3 bedroom homes, between 80-120 m2

. Both housing of a certain age (from the 80s) and more recent housing, from 2000, with medium-high qualities are observed.

Detached house: € 3,100 / m2
. In Moraira and Benissa. They are homes of the 80s, with surfaces between 300 and 350m2, many of them renovated and with medium-high qualities

Offer

Average stock level, acceptable in the short term, except in Els Poblets, where sales have been scarcer. There are practically no houses left from financial institutions and the remaining stock of homes from different sources is being sold at a faster pace than in previous years.

The best selling stock is apartments in gated communities in Dénia and Jávea, with between 70 and 100 m2 of surface, 2-3 bedrooms in a beach area and especially in second line beach of medium quality and seniority to since 1995. The independent house of 250 m2 is also well received, both on the beach and in the mountains, and isolated single-family homes in Benissa and Moraira, with a surface area of ​​300 m2 and located in the mountains overlooking the sea.

The second hand offer is fundamentally second hand. The rent is less relevant than the purchase. The type housing for rent is housing
multi-family in gated community, with medium-high qualities, 2 and 3 bedrooms and an area between 89 and 110 m2 in beach area.

Exercise

Promotions paralyzed in Finestrat have been reactivated, although small in size. The new projects initiated are located in Calpe and Alfaz del Pí, mainly, and to a lesser extent in Villajoyosa. They are usually open blocks with community development with less than 100 units offered.

Open blocks are built, with 2-3 bedrooms (from 80 to 105 m2 built), community development and medium high qualities. The drivers are usually local promoters with their own resources

Land market

Some transaction has been made (isolated). Benidorm lacks finalist land, since the sector that had the largest area to promote (Armanello) is paralyzed. Villajoyosa has almost 100% filled its main holiday area (La Cala), although it still has a finalist floor in the Torres sector and the Terramar blocks.

Increases in land prices have been detected, mainly in Benidorm, due to the absence of finalist land. The paralysis of the Armanello Sector prevents a development that is essential for the expansion of this population.

Demand

Mainly foreign buyer, especially in Benidorm. The predominant nationalities are English, Russian and Eastern countries

DATA ON HOUSING ON THE COSTA BLANCA CENTER

(Between Calpe and villajoyosa)

Municipalities that are included:Benissa, Calp, Altea, L´Alfas del Pi, Benidorm, Finestrat y Villajoyosa

Signs of recovery. All the populations studied have improved to a greater or lesser extent compared to last year. Except in Finestrat, which accumulates a very large number of finalist plots pending development, in all towns their holiday market is attractive and lacking
of finalist soil (especially Benidorm).

Prices

Signs of improvement with respect to the previous year. Everything suggests that the trend will intensify in the coming months in the hands of improved financing. The majority market is abroad, which also shows signs of improvement in their economies

Average price for holiday homes on the beachfront in the most expensive area:

Multi-family housing: € 3,500 / m2. In first line in Benidorm. Homes of 105 m2 built, 3 bedrooms, medium-high qualities, and 15 years old.

Detached house: 3,500 € / m2. Homes in Altea of ​​about 250-300 m2 built, with 4 bedrooms, medium-high qualities and about 20 years old.

Offer

Although the sales are progressing at a good pace, the stock is going to be absorbed, there is still a volume that could be defined as medium, acceptable in the long term. The house that sells best has 2 bedrooms, with community development and high average qualities.

The offer of holiday homes is fundamentally second-hand, with a balance between buying and renting. In Benidorm the rental market is
far superior to the purchase. The usual type of lease are 2 bedroom homes, with community development, in open block and
medium-high qualities. Rents tend to rise.

Exercise

The sales have increased in the last year over 10% and have improved the terms of sale in the promotions of new construction.

New holiday housing projects have been initiated in Los Arenales, as well as in La Marina and Gran Alacant, with hundreds of homes under construction. The drivers are usually local promoters with their own funds. On the first line of Cabo de las Huertas, in Alicante, a luxury promotion is underway. El Campello currently has a residual number of holiday promotions.

The predominant offer of holiday homes under construction are apartments in open blocks, with 2-3 bedrooms, between 80 and 105 m2 built, in community development and medium high qualities.

Land market

An isolated transaction has been made. In Alicante there is absence of finalist soil, with the exception of PAU 5, which is in full development. Both El Campello and the rest of Alicante have the ground clogged. Elche (La Marina and Los Arenales) still has a finalist floor and is being promoted to a large extent, without a shortage situation in the medium term. In Santa Pola and specifically in Gran Alacant, there is still a finalist floor, without a situation of shortage in the medium term can be ruled out.

There have been increases in the price of land in recent months, mainly in the area of ​​La Marina and Los Arenales (Elche) and Gran Alacant (Santa Pola).

The General Plan of El Campello of 2011 has been canceled, leaving the General Plan of 1986 in force. This has paralyzed the works and made the processing much slower.

Demand

The buyer of holiday homes in this area is both national and foreign. Los Arenales, specifically, is more oriented towards the international applicant. Among the nationals, the buyers from Elche and the locals stand out. Among foreigners, those from Eastern countries and, more recently, the Russians.

DATA ON HOUSING ON THE COSTA BLANCA CENTER

(Between Campello and Santa Pola)

Municipalities that are included: El Campello, Alicante, Elche y Santa Pola

Signs of recovery. The situation has improved mainly in Los Arenales and La Marina (Elche) and in Gran Alacant (Santa Pola) with a large number of promotions underway. The El Campello holiday market is almost reduced to Playa de Muchavista, which is almost completely filled and almost without new promotions. In Alicante, the pending development area would be the PAU-5, of which a large number of homes are destined for first residence.

The forecast is that the market will progress in its recovery in the coming months, because of the context of improved financing, because the two areas with the greatest expansion (Los Arenas and Gran Alacant) have a high number of promotions underway with excellent reception .

Prices

Signs of recovery. Better trajectory than the previous year

Average price for holiday homes on the beachfront in the most expensive area:

Multi-family housing: € 3,500 m2. In San Juan Beach. They are homes of about 90-105 m2 built, with 2-3 bedrooms, medium-high qualities and about 20 years old.

Detached house: 3,500 € / m2. In Cabo de las Huertas. Homes of about 250-300 m2 built, with 4 bedrooms, medium-high qualities and about 20 years old

Offer

Medium level of stock, assumable in the long term. The improvement of sales is contributing to reduce oversupply. The stock that has the best output
They are 2-bedroom homes, with community development and medium-high qualities.

The offer is divided between new and used, with a balance between the holiday rental and purchase market. The predominant type of housing for rent is 2 bedrooms, with community development, in an open block and medium-high quality. In Gran Alacant, a large part of the properties offered, thanks to the proximity to Elche, are also destined for first residence

Exercise

The terms of sale in the promotions of new construction improve compared to last year and the construction of new holiday homes extends throughout the area, by local developers with their own resources.

In Guardamar del Segura, in the area of ​​Los Estaños, a promotion of 60 homes in two phases and in ZO-3, another 50 more has just been completed. In Torrevieja, in addition to the project of 100 holiday homes that was restarted last year, new projects of medium quality townhouses and up to 100 square meters of surface area have been promoted, in Sector S-25 and Los Altos area. He has also activity in construction of multi-family housing in Rocío del Mar.

In Orihuela, a promotion of 120 homes that had been paralyzed during the crisis has been reactivated and semi-detached houses of medium quality and about 100 square meters of surface, as well as apartments between 70 and 80 square meters, are also being built in the urbanizations of Orihuela Costa . In the new projects of Pilar de la Horadada predominate the townhouses of medium quality and about 100 or 120 m2.

Land market

Some transactions are recorded in Torrevieja, Orihuela and Pilar de la Horadada while in Guardamar del Segura the activity is limited to feasibility studies and pricing, so far without transactions. Slight increases in the price of land are detected in all locations.

Demand

The demand is distributed between domestic and foreign buyers in Torrevieja and Pilar de la Horadada, while the foreign demand has a greater role in Orihuela and Guardamar del Segura. Foreigners are the main buyers of townhouses in Torrevieja, while their presence is diluted strongly in the apartment market.

The national demand comes mainly from Madrid, Castilla-La Mancha and Castilla y León. The Basque citizens in Torrevieja and Orihuela, and those from Murcia in Pilar de la Horadada also have a presence. The foreign presence in the holiday home market is varied. The Russians, Scandinavians, Belgians and English are the most common in this area of ​​the Alicante coast.

DATA ABOUT PROPERTIES IN THE SOUTH COSTA BLANCA

(Between Guardamar del Segura and Pilar de la Horadada)

Municipalities that are included: Guardamar del Segura, Torrevieja, Orihuela y Pilar de la Horadada

Signs of recovery in Guardamar del Segura and Torrevieja. The recovery is more advanced in Orihuela Costa and Pilar de la Horadada.

Prices

The offer of holiday homes has left the declines behind and, depending on the location, is stabilized or showing signs of improvement. The existence of a product with a worse location and qualities explains that in some municipalities the average price has fallen in the last year, despite the fact that the trend of holiday homes is increasing or at least stabilizing.

Prices are stabilized in Guardamar del Segura and Torrevieja. The trend will continue this year with slight rebounds in larger properties (townhouses and single-family homes) in Guardamar and in the best locations in Torrevieja. Orihuela Costa and Pilar de la Horadada show an improved evolution in the prices of holiday homes and the trend is to consolidate the improvement and slight increases.

Average price for holiday homes on the beachfront in the most expensive area:

Multi-family housing: 1800-1900 € / m2. In Torrevieja. Sea dew-Punta Prima. Open blocks with communal pool, between 80 and 120 m2, with a maximum age of 10 years.

Detached house: In 2,200 and 2,500 € / m2. In Orihuela, on the front line, golf areas, near the Zenia Boulevard Shopping Center. Surfaces up to 120 m2, medium-high qualities, 3 bedrooms and 2 bathrooms, and a maximum age of 7 years

Offer

The stock of holiday homes is residual in Guardamar del Segura and Pilar de la Horadada, and scarce in Torrevieja and Orihuela.

The house that sells better and in which the absorption of the stock is being greater corresponds to townhouses of about 100 m2 and average qualities in Guardamar and Torrevieja. For its part, the stock that is best absorbed in Orihuela and Pilar de la Horadada are terraced houses of up to 100 120 m2 and medium-high qualities. Also apartments.

The offer is being renewed with the construction of new promotions. Torrevieja and Orihuela Costa lead the ranking of the licensing of works in the province of Alicante and in the Valencian Community.

The offer is fundamentally second-hand in Guardamar and Torrevieja. In Orihuela and Pilar de la Horadada, he shares prominence with the work
new. The rental market is less relevant than the purchase market in the area, becoming practically irrelevant in Pilar de la Horadada.

OUR OFFICE IN COSTA BLANCA

CONTACT US

Privacy