Costa Calida is popular amongst home-buyers. According to data from the College of Real Estate Registrars of Spain, Murcia is in 4th place after the Balearic, Canary Islands and the Valencian community in terms of demand from foreigners buying real estate.
Foreign investments have become one of the most important factors to positively influence the Spanish real estate market’s development. The demand remains high - a key element in achieving high purchase rates and sales transactions. The warm coast has a lot to offer tourists. In Costa Calida, there is a multi-kilometer strip of sandy beaches, coves and natural parks. It is one of the best places for diving in the Mediterranean Sea as well as for golf, sailing and water skiing. The region is famous for its cuisine and the Mediterranean diet. Let's consider the features of the real estate market in this region as well as the advantages of investing in housing in Costa Calida.
Contents:
- Profile of property buyers in the Costa Calida region
- Increasing demand for real estate in Costa Calida
- Remote work is a decisive factor
- Large investments
- What kind of property can I buy in Costa Calida?
- 6 reasons to buy a property in Costa Calida
- We‘ll help you buy a property in Costa Calida
Profile of property buyers in Costa Calida
The profile of a foreign investor has not changed much in recent years. According to data from the College of Real Estate Registrars of Spain, the British are still in the lead accounting for 13.79% of the total volume of purchases. French citizens are in 2nd place with 7.56%, followed by Germans with 6.89% in the first quarter. The supply in the region is also growing annually.
Increasing demand for real estate in Costa Calida
Companies associated with «residential» tourism are showing an increased interest in real estate. Jose Ramon Blasquez, President of the Association of Developers of Murcia (Apirm) notes that his company has already conducted many remote transactions.
For his part, Jesus Abellan, CEO of Arum Group, which manages the real estate assets of La Manga Club, states that the company received «a significant increase in online consultations and virtual tours to acquire real estate» especially from the British market. However, «the inability to visit the destination to make a final decision» paralyzes sales’ finalizations.
Francisco Cervantes, CEO of the real estate agency Urbincasa, said, “Investors have not stopped calling. They are asking for videos, drawings, and photos. Our website registers 10 times more visits».
Remote work is a decisive factor
One of the factors that support this demand is remote work. You no longer need to live in the city or be near an office; this makes it easier to move. Moreover, remote work has led to a change in who wants to purchase housing on the regional coast - buyers are much younger. So, despite the profile of older buyers in Costa Calida remaining the same, «remote work contributes to a gradual decrease in the age of buyers of real estate», Blaskes is sure. Cervantes clarifies that «the demand of the buyer at the age of 45 is falling due to the «boom» of remote work. This was already happening before the pandemic and now this trend is intensifying».
Large investments
CEO of Urbincasa, in his analysis as an industry expert, notes, «Interestingly, no one asks us about small apartments. Consultations are focused on houses with open spaces, balconies, and gardens. Buyers prefer to spend more and have outside space».
Perhaps the pandemic has led to a mindset change - investors now value open spaces more. Blaskes notes that «buyers have savings since during 2020, they did not travel and practically did not spend on leisure».
What kind of property can I buy in Costa Calida?
Costa Calida offers a wide range of properties. You can buy inexpensive secondary housing from EUR 15,000 for 43 m2 or private plots of 100 m2 worth EUR 24,000. A furnished house of 90 m2 will cost EUR 81.000.
Besides this, in Costa Calida, a few minutes from the center near hospitals, supermarkets, restaurants, shopping areas and bus stops you can buy a duplex apartment of 85 m2 for EUR 81.000. Prices for new buildings start from EUR 80,000. These buildings are a tourist and ecological attraction, offering large marinas and golf courses, gardens, swimming pools and courts, as well as beautiful beaches and mud baths.
Luxury real estate offers villas and estates. For instance, a villa in the city of San Javier with an area of 953 m2 costs EUR 3.2500.000. They have several bedrooms and bathrooms, living-dining rooms, libraries, kitchens, storerooms, and laundries, as well as developed infrastructure (restaurants, bars, shops, golf courses and various water sports schools).
6 reasons to buy a property in Costa Calida
Let's list the most common reasons to buy real estate in Costa Calida:
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Variety of choices and attractive prices.
Currently, many high-quality facilities are being built in Costa Calida. The variety is huge and suitable for all needs and budgets - whether it's an apartment, a villa with a swimming pool or an estate with a plot of land.
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Climate.
Costa Calida is recognized by the World Health Organization as a region with the healthiest climate in Europe.
Subtropical temperatures, cool sea breezes in summer and mild weather in winter are recorded here. The average daytime temperature exceeds 20 C 8 months a year. In the winter months during the daytime, the thermometer remains at a level of 16 to 17 C.
The favorable conditions are enhanced by many salt lakes and the absence of heavy industry.
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Profitable investment.
The real estate market is developing both in the country and on the coast with prices rising annually. However, on average, they remain much lower than before the financial crisis in 2008 when real estate was about 30% more expensive.
In the long term, investing in real estate is in any case a good option due to low purchase prices and favorable credit conditions. In the short term, it is also possible to make a profit or return by renting out your property.
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Convenient location.
The region is convenient with developed transport links. There are several daily flights at the airports of Alicante and Murcia. The competition between different airlines contributes to cheaper tickets. Car rentals are also available at both airports.
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Everything is geared for leisure
Everyday life in Spain has a lot to offer. Good weather opens the door for long hikes, cycling, swimming in the pool or the sea, etc.
The infrastructure of Costa Calida is fully focused on the constant influx of tourists and owners of second residences. You will find large shopping centers such as La Zenia Boulevard, La Marina or DosMar, as well as bars and restaurants. One of the advantages is the low prices.
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Health.
The climate can have a direct health-improving effect on a number of diseases. People with respiratory problems, asthma, allergies and skin problems such as eczema and psoriasis are often relieved here. The same applies to people with rheumatism or other muscle or joint problems. Unsurprisingly, Spaniards in this area tend to be healthy and have a long life expectancy. Mediterranean cuisine with fish, olive oil, vegetables and fruits also contribute to well-being. It is believed that one of the secrets of longevity in Spain is an afternoon nap. Many who have recently arrived in the country have adopted this healthy habit.
We’ll help you buy a property in Costa Calida
Do you dream of living in the ideal place? With Spain-Real.Estate, this can become a reality. Our specialists are ready to find accommodation that takes into account all your wishes. The site contains the best offers of Spanish real estate from trusted developers. Choose an apartment now and enjoy life on the paradise coast.