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Buying Costa Blanca Real Estate
The Costa Blanca area, which means “the white coast”, is one of the most desirable locations for a holiday travel to Spain. This area has a large, beautiful coastline and a natural environment. It is culturally rich and has a healthy climate. The area is dry in the summer and not too cold in the winter.
Areas for Costa Blanca Property
The highest demand for properties is in the northern, mountainous resorts of Denia, Javea and Altea. In the south, Alicante and Torrevieja are sought after. The coastal properties are generally more in demand than those inland.
Nearby amenities and attractions impact the value of any real estate. Benidorm has many attractions, such as a theme park, water park and marine animal park. This makes the city a popular choice for families.
Torrevieja, south of Alicante has the biggest salt water lagoon in Europe located just south of the city. This lagoon is actually a portion of the Mediterranean Sea that has been separated by a small piece of land. This area is popular for salt baths and spa vacations. The warm, salt waters have health and relaxation benefits.
Nature attractions are big in this area of Spain. The natural beauty of the Mediterranean and surrounding areas makes this a perfect spot to enjoy nature. The Nature Park at Montgo in Javea norths of the Costa Blanca is a popular nature attraction. This park is located on the sea. It has flora, fauna, rare birds and plants.
Real estate prices in Spain have risen to record levels in recent years. This is especially true in the Costa Blanca region. There is some evidence that the market is levelling out and possibly dropping a bit at this time.
There are several reasons for the increase in activity for real estate in this area. Low interest rates make taking that mortgage a little easier to handle. Rising incomes and foreign interest in the area also affect the prices. The investment potential is good, since this area is so popular for vacations. The location of the region is convenient to most countries in Northern Europe.
In general, inland properties are cheaper than those near the beach. In addition to the cost, you will get more land with the property. Fruit trees and even orchards on larger pieces are common inland. You can still be within a 30 minute drive of the coast, so you will be able to enjoy the beaches. However, you will need a car hire for vacations inland.
The price you will get depends on the size of the property. The location and amenities will also affect the rent you can charge. Amenities such as a pool and Jacuzzi will bring in more income than without these. Proximity to attractions, restaurants and shopping make a property more desirable for renting as well.
The time of the year will also affect the price. The highest prices are charged in the summer. This is the peak season for travel to this area. If you will be using the place in the summer, consider renting for longer periods in the off season. Sometimes retired people spend time in this area in the winter, due to the favourable climate. You may be able to rent to one person for up to six months in the off seasons.
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Travel Part B