What Is the Average Price of Property in Different Areas of the Costa Blanca?

If you’re searching for the average price of property in different areas of the Costa Blanca, this article provides accurate, updated insights on current real estate prices. Whether you're considering a luxury villa in Moraira, an investment property in Benidorm, or an affordable apartment in Torrevieja, understanding regional price differences is crucial.

This guide includes:

• Updated property prices (2024) in the most popular Costa Blanca locations.

• Factors affecting prices, including tourism, economic trends, and new developments.

• Investment insights to help you make an informed decision.

• Additional costs you should budget for when buying property in Costa Blanca.

Data Sources

Prices in this article are based on data from Idealista, Fotocasa, and official Spanish property market reports from the Instituto Nacional de Estadística (INE) and the Colegio de Registradores de España.

Average Property Prices in Costa Blanca by Region

Property prices in Costa Blanca vary significantly depending on the location. The northern region is known for its luxury properties and high-end developments, while the southern areas offer more affordable options.

Property Prices by Area (2024 Data)

Costa Blanca North: Luxury and High-End Properties

Moraira

Moraira is one of the most exclusive locations in Costa Blanca North, with property prices averaging between €2,500 and €4,500 per square meter. Due to its seaside views, private villas, and high-end amenities, demand remains strong among foreign buyers, particularly from the UK, Germany, and Scandinavia.

Jávea

Jávea is a hotspot for luxury properties, with prices reaching up to €5,000 per square meter. High-end sea-view villas and premium amenities drive this market.

Benissa

Benissa is known for its traditional Spanish charm, offering a mix of townhouses and luxury villas. Prices range from €2,400 to €4,000 per square meter, influenced by proximity to the coastline.

Calpe

Calpe attracts a mix of permanent residents and holiday buyers. The average price is €2,800 per square meter, but sea-view villas can reach €4,500 per square meter.

Altea

Altea offers a blend of traditional and modern living. Apartments start at €200,000, while luxury villas with panoramic sea views exceed €1 million.

Costa Blanca Central: Urban Growth and Investment Potential

Alicante

Alicante remains a high-demand location, with property prices increasing by 15% in 2023. The average price per square meter is €1,900 – €3,200, depending on proximity to the city center or the coast.

Benidorm

Benidorm’s real estate market is driven by tourism and rental demand, with prices at €3,175 per square meter. Short-term rental properties generate high rental yields due to year-round tourism.

Villajoyosa

Villajoyosa is an emerging market, attracting foreign investors. Prices range from €2,000 to €3,200 per square meter, still below Benidorm but increasing due to new developments.

Costa Blanca South: Affordable Properties and High Rental Potential

Torrevieja

Torrevieja is a popular budget-friendly destination, with an average price of €2,327 per square meter. The market is driven by international retirees and holiday home buyers.

Pilar de la Horadada

One of the most affordable towns, with prices ranging from €1,500 to €2,500 per square meter. New developments attract investors looking for value-for-money properties.

Factors Influencing Property Prices in Costa Blanca

1. Market Demand from International Buyers

Costa Blanca is a high-demand area for international buyers, particularly from the UK, Germany, France, and Scandinavia.

2. Economic Growth and Tourism

Tourism directly influences property prices. Locations like Benidorm and Torrevieja experience high rental demand, driving up short-term investment potential.

3. New Developments and Infrastructure

New developments contribute to a 9.2% annual increase in property prices. Cities like Alicante, Benidorm, and Moraira are experiencing rapid growth due to modern housing projects.

Additional Costs When Buying Property in Costa Blanca

Buyers should budget an additional 12% of the property price for these costs.

Tips for Buying Property in Costa Blanca

Do’s

• Research market trends before purchasing.

• Compare asking prices vs. selling prices.

• Negotiate based on previous sales data.

Don'ts

• Avoid rushing into a purchase without legal verification.

• Be cautious with properties listed for too long—they may have legal or structural issues.

Conclusion

Costa Blanca offers a diverse real estate market, from luxury villas in Moraira and Jávea to budget-friendly apartments in Torrevieja. Understanding regional price differences and associated costs will help you make a well-informed investment.

Frequently Asked Questions

What is the average price of property in Costa Blanca North?

The average price is €1,800 – €5,000 per square meter, depending on the town and property type.

How much do properties cost in Benidorm?

The average price in Benidorm is €3,175 per square meter, driven by high demand in the rental market.

What additional costs should I consider when buying a property?

Expect to pay around 12% extra for taxes, legal fees, and maintenance.