The increase of investors, especially foreigners, in the Costa Blanca property market has been a growing trend in recent years.
It is an attractive destination for property investment, especially in tourist areas and coastal towns on the Costa Blanca.
Let’s have a look at the reasons behind this phenomenon and why you should consider joining this investment trend:
Economic stability
Despite the challenges facing the global economy, Spain has proven to be resilient and has managed to maintain stable economic growth in recent years.
Fiscally, many of the expenses associated with owning a property, such as interest on loans, repairs and maintenance, and insurance, can be deducted. This can reduce the tax burden and increase the return on investment.
Tourist attraction
Spain remains one of the world’s most popular tourist destinations, with millions of visitors each year. Demand for holiday rentals in tourist areas and coastal towns is high, which means an excellent return on investment for homeowners.
How to invest in the Costa Blanca with a Real Estate Agency
Competitive prices
Although property prices in Spain have been rising, they remain competitive compared to other European destinations.
This factor, combined with low interest rates and favourable mortgage conditions, makes investing in Spanish property an attractive and affordable option.
The average price of housing on the Costa Blanca is lower than on the Costa del Sol, the Balearic Islands or the Gipuzkoan coast. The increase in value in the area is one of the largest, with an 11% increase, higher than that of other nearby coasts, such as the Costa de Valencia (8%) or the Costa Cálida (6%). Data from the Report “Price of housing on the coast”, from the Idealista portal.
Life Style
Spain is known for its excellent quality of life, with a pleasant climate, rich culture, delicious cuisine and relaxed lifestyle.
These factors make property on the Costa Blanca attractive to both investors and those looking for a second or retirement home.
Potential for profitable growth
The Costa Blanca has enjoyed steady economic growth in recent years. As more people move to the region, demand for housing continues to rise, driving property prices.
View Costa Blanca Property Profitability Ranking
This trend shows no signs of slowing down, which means that now may be the perfect time to invest and that properties purchased today have good potential to increase in value in the future, resulting in a higher return on investment.
Holiday rentals on the Costa Blanca are in high demand and profitable. The summer months can see a significant increase in rental income, while the winter months still attract holidaymakers thanks to the region’s mild climate. The annual return on investment through rental income can range from 4% to 6%, depending on the location and type of property.
The combination of economic stability, tourist appeal, competitive prices, quality of life and growth potential make the Spanish property market an exceptional investment opportunity.
If you are looking to diversify your investment portfolio and take advantage of the return of international investors to Spain, now is the perfect time to take the plunge!
Do you need more information or help to find the right property?
If you want to buy a second residence on the Costa Blanca to invest, you can consult our team of real estate advisors specialized in properties on the North Costa Blanca:
