In 2022, Spain became the world’s second largest tourist destination. According to the calculations of the National Institute of Statistics, almost 71.6 million people visited the country this year. 25% of migrants entering the EU also stay in Spain. Real estate in Spain with a high return on investment appeals to numerous tourists and migrants. We have selected three promising projects that will be interesting for investors.
Content:
- Sunset Cliffs, Benidorm
- A land plot with a villa project in Las Brisas
- The La Pinada Nature Resort cottage village, Finestrat
- Real estate in Spain for investors: facts and prospects
- How to buy a property in Spain?
Sunset Cliffs, Benidorm
Sunset Cliffs is a complex of one- to four-bedroom apartments and penthouses. The renovated and move-in ready luxury buildings are well-thought-out, and the view of the Mediterranean Sea will delight connoisseurs of natural aesthetics. The penthouses have direct access to a relaxation area with a Jacuzzi, a bar, and a gazebo. The residential complex offers furnished apartments with a spacious layout:
- the area of the flats with 1 bedroom and 1 bathroom ranges from 76 m2 to 79 m2, with a terrace of 13 m2 or more;
- the area of the residences with 2 bedrooms and 2 bathrooms ranges from 99 m2 to 143 m2, with a terrace of 23 m2 or more;
- the area of the apartments with 3 bedrooms and 2 bathrooms varies from 131 m2 to 317 m2, with a terrace of 32 m2 or more;
- the area of the residences with 4 bedrooms and 3 bathrooms varies from 127 m2 to 209 m2, with a terrace of 36 m2 or more.
Sunset Cliffs is located on a closed and private territory. It includes 2 high-rise buildings of 32 and 26 floors. The total number of apartments is 288.
The features of the residential complex
This one of the most promising development projects in Spain has everything for a comfortable stay. The infrastructure of the Sunset Cliffs complex includes:
- three swimming pools, one of which is heated;
- a gym;
- tennis, football and basketball courts;
- playgrounds and a club for children;
- a chill out zone;
- parking.
Sunset Cliffs is located on the first coastline of one of the most popular resorts on the Costa Blanca. Over 11 million tourists visit Benidorm every year. Local properties are in great demand for rent in any season. The monthly fee for luxury housing is thousands of euros. For example, a three-bedroom apartment of 160 m2 with a swimming pool on the first line in this complex will be rented for €5,000–9,500 per month in 2023.
The residential complex is located only 80 m from the three-kilometre long Poniente beach. Its golden sand and clear water will delight lovers of sea holidays. In addition, the Costa Blanca is Spain’s leader in the number of beaches awarded the Blue Flag. This certificate is awarded annually to beaches that meet high environmental and safety requirements.
Property prices in Sunset Cliffs
The price of one-bedroom apartments is between €343,000 and €376,000, two-bedroom residences cost between €350,000 and €694,000, the price of three-bedroom apartments are between €453,000 and €1,200,000, and the cost of four-bedroom residences ranges from €969,000 to €1,006,000.
The Costa Blanca infrastructure
There are several schools near the residential complex and the University of Alicante, which offers all three levels of higher education: a bachelor's, master's and postgraduate. Benidorm also offers ample opportunities for entertainment: sandy beaches, many bars and restaurants, historical attractions, the Terra Mítica and Terra Natura parks, as well as the Aqualandia and Mundomar water parks. Benidorm is called little New York. It is second after Madrid and Barcelona in the number of skyscrapers (77 25-storey and higher buildings).
A land plot with a villa project in Las Brisas
Another investment project in 2023 is a land plot with a finished project of an elite villa overlooking the golf course. The total area of the living space is 734 m2, the size of the terraces is 417 m2, and the area of the plot is 1,458 m2. The land has a construction licence.
The villas in Spain has everything you need for a luxurious stay:
- five bedrooms;
- six bathrooms and two guest toilets;
- a cinema hall;
- a storage room;
- a laundry;
- a garage for four cars.
The project also has a swimming pool and an outdoor lounge area. The villa can be rented out or turned into a hotel to get a quick start in the tourism industry.
The features of Las Brisas
Las Brisas is a developed area of Nueva Andalucía. Various golf courses, luxury real estate, schools, Blue Flag beaches, the old centre of Marbella and the picturesque Puerto Banus marina are within walking distance of the area. It is here that the eight-kilometre long Milla de Oro resort area is located with a variety of entertainment, including:
- windsurfing and kitesurfing;
- golf clubs;
- diving;
- sailing and yachting.
It is a place for daily social parties and events. Local properties are investment-attractive.
The most popular villas in Las Brisas are made in a modern style and equipped with furniture, household appliances and all amenities. Over the past decade, prices per square metre of this real estate type have increased from €3,500 to €8,000–10,000. The resort is ideal for family holidays. It is also popular with large companies wishing to rent spacious luxury housing for a few days or months. Real estate in a premium location with access to urban entertainment and beautiful nature creates great added value and provides a profitable investment. When reselling, properties that are ready to be moved into and have large plots are especially valued.
The cost of villas in Las Brisas
The up-to-date price is €2,200,000.
The Nueva Andalucía infrastructure
Nueva Andalucía is a residential area in Marbella located 5–10 minutes’ drive from the cities of Puerto Banus and San Pedro de Alcántara. It consists of luxury villas, townhouses, apartment complexes and some of the largest golf courses in Europe. There are gourmet restaurants, small shopping malls, beaches, shops and nightclubs. Residents and tourists visit the Marbella casino, the Centro Plaza and El Corte Inglés shopping and entertainment complexes, Marina Banús boutiques and Thai, Indian and European restaurants, for example, La Sala, which attracts many celebrities. The Aloha international college is located here, and Marbella and San Pedro de Alcántara are home to international Spanish schools.
The La Pinada Nature Resort cottage village, Finestrat
Another project in 2023 claims to be one of the best not only in Spain but also throughout Europe. The La Pinada complex uses energy-efficient technologies, including aerothermal systems and solar panels. Each house has a first-class security system with round-the-clock security, video surveillance, and residential sector control and alarm system.
The features of the residential complex
The complex consists of 16 single-storey villas. Each house has three bedrooms, bathrooms, living rooms combined with a kitchen and dining area, with furniture and household appliances. They have a garden, a swimming pool and parking. The windows offer stunning views of the sea and gardens.
The area of houses in Spain varies from 84 m2 to 192 m2, and the size of the land plots is 325 m2. Real estate in Finestrat is always in great demand for both buying and renting. Three-bedroom luxury villas can be rented for €4,500–9,000 per month.
Real estate prices
La Pinada Nature Resort’s housing is put up for sale for €325,000–795,000.
Finestrat’s infrastructure
The residential complex is located in Finestrat, which boasts excellent climate and ecology, olive and orange trees, and a favourable territorial location. There is no sweltering heat here. Finestrat is located in the mountains, not far from the sea. However, the beaches are only half an hour away. Since 1980, the city has been actively developing as a tourist destination. Finestrat attracts numerous travellers with its authenticity and identity. Everyone walking along the old streets will certainly find local attractions:
- Chapel Santísimo Cristo del Remedio;
- The Torreta square and the church of la Iglesia Parroquial de Sant Bertomeu built in 1751;
- El Castell, the city’s tallest building;
- La Torre, the defensive tower of the XII century.
The 1,410-metre high Puig Campana mountain is located nearby attracting climbers and outdoor enthusiasts.
The city constantly holds various festivals and events. For example, on August 24, celebrations in honour of the patron saint of the city, St. Bartholomew, have been held here for over 100 years. The event is accompanied by parades, street food festivals, costumes and pyrotechnic shows. In the second week of September, La Cala de Finestrat traditionally hosts fun parties in honour of tourists.
Although there are many entertainment venues in the city that create a resort atmosphere, it has all the important social infrastructure such as a school, kindergartens, a hospital, and supermarkets. Prestigious international schools are located near Finestrat:
- Sierra Bernia School.
- Costa Blanca International College.
- Altea International School.
Real estate in Spain for investors: facts and prospects
Spain's market economy ranks fourth in Europe. Spain is interesting for permanent residence, tourism and long-term investments. Rental income in the country ranges from 2.99% to 8.67% based on the location and type of property. According to expert data, the rental yield in Spain is moderate, but it is above average in several municipalities, for example, in Marbella, Estepona, and Valencia. These locations are implementing the above projects and can help residents get a Golden visa. One of the conditions for this is purchasing real estate in Spain for €500,000 or more.
How to buy a property in Spain?
Foreigners can easily purchase residential and commercial properties in Spain. Spain-Real.Estate specialists will tell you in detail about all the stages of buying local real estate.
Think about investing in apartments in development projects in Spain and turn to our experts today. They will provide you with detailed information about how to purchase properties in the country by phone or in an online chat.