Real estate in Alicante, Spain
Nestled in the south eastern part of Spain, Alicante is a Spain’s tourist hotspot that is extremely popular among foreign property buyers, especially those who are interested in buying a holiday home. This resort offers elegance and style and a charming atmosphere of a small seaside town, which has become an important factor in the times of social isolation. Alicante is a great destination if you are looking for a property in Spain to enjoy the lifestyle change.
Property for sale in Alicante, the Costa Blanca
Alicante is a Costa Blanca’s resort that offers a comprehensive range of affordable properties for sale, from studio apartments to luxurious duplex and penthouse units, village houses, townhouses and sophisticated chalets. Beachfront units and villas are the most popular options among property hunters.
Thousands of foreign property buyers and investors choose this region. In fact, about 50% of all property transactions are made by foreign buyers. The largest proportion of these foreigners are from northern European countries, such as the UK, Norway and France.
Alicante property prices
Alicante is one of Costa Blanca’s resorts that offers affordable property prices. The average price of a square metre in Alicante is about to reach €2,000 while the price of an average property is €267,800. This is almost three times lower than homes in Barcelona, Spain's leader in home sales.
An average beachfront one-bedroom unit which is furnished and does not need renovation can be purchased at the price of €43,000. A ready-to-move-in unit with two bedrooms in 100 meters from the sea will cost you around €55,000. As for villas, the price of a cozy two-bedroom option with a pool starts from €75,000 and goes up to €395,000. The minimum price of more spacious seaside options with two floors and 4-5 bedrooms starts from €350,000.
Real estate investment in Alicante
Investing in property in Alicante is a wise decision. Affordable prices and high rental yields make this resort a perfect destination for property investment. In addition, Alicante has become one of the locations in Spain that showed a growth in property sales in 2020 and as a result a growth in property prices despite the economic crisis caused by the pandemic. The reason for that is the fact that more and more people prefer a home in a less crowded place where they can escape to nature and enjoy private outdoor areas such as terraces and balconies. Therefore, a villa with a private garden or an apartment in a sparsely populated neighbourhood or a seaside village is a very profitable asset, as you can rent it out or resell it at a higher price in the future.
Buy property in Alicante, the Costa Blanca on Spain-Real.Estate
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