Investors who search for the best places to buy property in Spain are spoiled for choice. For decades, local cities, towns, and coastal resorts have been a favourite recreation base and second home for citizens of other countries. Some areas are better than others for rental profit while others promise high capital growth.
Homebuyers come to Spain from all over the world but citizens of Great Britain, Germany, Italy, France, Romania, Belgium, and Sweden show the greatest interest. A rapidly growing economy and developed tourism industry are some among the long list of things that attract foreigners.
Let's look at the most popular places for buyers of Spanish real estate.
Content:
- Alicante: the most sought-after destination
- The province of Andalusia
- Murcia: the best place for buyers on a budget
- Provinces in Andalusia and Valencia to rent properties
- Valencia and beautiful places on the seaside of Spain
- Costa Blanca: Spain's golf hotspot
Alicante: the most sought-after destination
Alicante, or "the city of lights", takes the first place in the ranking of the most popular places to buy Spanish properties. The city boasts having 43% of the total number of real estate sales and popularity for foreigners. The location on the southeast coast of the country, attracts investors with its well-maintained boulevards, magnificent beaches, pleasant climate, and the perfect combination of modernity and tradition. According to official statistics, 15% of the population are foreigners. Many of them live in the Costa Blanca region.
To buy a house in Alicante means making a choice in favor of an active lifestyle, a rich cultural environment, and gourmet cuisine. The city offers a wide choice of leisure activities for people of all ages. Golf, surfing, and jet skiing are some of the favorite activities of local residents.
Despite the pressures of modern life, the Santa Cruz district or, as it's also called, the old city of Alicante, still keeps traces of the old Spanish heritage. Local restaurants offer paella and other traditional Spanish dishes.
The main pride of the city are the beaches of Platja del Postiguet, San Juan, and Albufereta. A lot of sunny days and mild Mediterranean winters make it a perfect place for a year-round recreation.
The province of Andalusia
The province of Andalusia covers the southern shore of the Mediterranean Sea and is in the second place in the ranking of the most popular places to purchase a property. It was one of the founders of the Spanish tourism industry in the late 1950s. The hot climate has made Andalusia an ideal place for a beach holiday and attracts many tourists.
The Mediterranean region of Costa del Sol, also known as the "mother of Spanish folklore", is still famous for its picturesque beaches. Many of these beaches have been awarded the Blue Flag. But, people who prefer city life should pay attention to big cities like Seville and Malaga. These cities are known for their developed infrastructure, art and culture.
To take a break from the hustle and bustle, you should take a closer look at the central regions of Andalusia like Cordova and Jaen. In addition to the places mentioned above, Nerja, Fuengirola, Torremolinos, and Marbella are famous among tourists.
Murcia: the best place for buyers on a budget
Spanish property is a great choice for buyers on a budget. The countryside in hinterland areas offers some of the lowest prices per square metre in Europe.
Most of the lucrative deals are found in Murcia, a growing city with great potential. The Mar Menor salt lake is situated here. Districts like San Pedro del Pinatar and Mil Palmeras are best-known for their traditional tapas and proximity to sandy beaches.
Murcia is located between the provinces of Andalusia and Valencia. The province has earned recognition from the rest of Spain for producing wine, olive oil, fruits and flowers. The region also has plenty of beaches, with a total length of 250 km. Plus, there aren't any noisy crowds of tourists!
Provinces in Andalusia and Valencia to rent properties
Bearing in mind that Spain, with tourists numbering 82,000,000 a year, is the second most popular tourist destination in the world. Its real estate is in demand by buy-to-let investors (with the purpose of renting out a housing unit). For rental demand, the Mediterranean seaside is in the lead.
Despite the high cost per square metre when purchasing property, the Autonomous Community of Catalonia, which includes mostly prime locations such as the Costa Brava, is still the most sought after coastal region for passive rental income.
The regions of Andalusia and Valencia offer more attractive prices for investors. These are some of the most beautiful and famous tourist destinations that can be easily reached by plane or intercity bus routes.
Valencia and beautiful places on the seaside of Spain
Doctors have proven that the large amount of fresh air, sunlight and sea water guarantees good health and well-being. The good news is that many Spanish beach resorts offer all of these benefits to their residents.
In recent years, the famous beaches of Valencia, such as La Malvarrosa, El Saler, Port Saplaya, Sagunto, and Cullera in the north of the Costa Blanca, have started attracting more homebuyers. This is because of foreigners' desires to move away from tourist centers but still stay close to developed infrastructure and amenities.
Costa Blanca: Spain's golf hotspot
Since golf is believed to be one of the most elite sports in the world, an entire real estate industry has formed around it. This is true in Spain so the country has made sure that golf lovers can enjoy magnificent courses and stunning landscapes.
The country has 3 main areas for golf: Costa Blanca, Costa del Sol, and Murcia. The Costa Blanca stretches for more than 200 km in the region of Alicante. Most of the local premium properties, fitted with amenities such as swimming pools and gyms, are built next to golf courses.
Choosing where to buy a home in Spain should depend on your preferences, budget, and lifestyle as the potential buyer. To learn more about investing in the local real estate market and to find the perfect option for you, contact our experts.