Discover the Costa Blanca: A Paradise for Living and Property Investment

The Costa Blanca, located in the province of Alicante, is one of Spain's most attractive destinations for those seeking a place to live or invest in property. With its combination of warm climate, dream beaches, and a relaxed lifestyle, the Costa Blanca has become a magnet for tourists, expats, and property buyers. In this article, we'll explore what makes this region so special and why it could be the perfect location for your next home or real estate investment.

Where is the Costa Blanca and What Makes It So Special?

The Costa Blanca stretches over more than 200 kilometers of coastline, from Denia in the north to Pilar de la Horadada in the south. Along this strip of coast, you'll find vibrant cities, charming villages, award-winning beaches, and endless opportunities to enjoy a Mediterranean lifestyle.

Advantages of Living on the Costa Blanca:

• Enviable climate: With over 300 days of sunshine per year and an average annual temperature of 18°C, the Costa Blanca offers a perfect climate year-round.
• Quality infrastructure and services: From hospitals and international schools to shopping centers and high-quality restaurants, the region has everything necessary for a comfortable and modern life.
• Affordable cost of living: Compared to other coastal areas of Spain, the Costa Blanca offers a more affordable cost of living, making it an attractive option for both residents and investors.

The Best Areas on the Costa Blanca to Buy Property

The Costa Blanca consists of various areas that cater to different tastes and budgets. Below, we explore some of the standout locations for purchasing real estate.

1. Moraira: Mediterranean Charm with Exclusivity

Moraira is one of the jewels of the Costa Blanca. Known for its tranquil and exclusive atmosphere, this small fishing village has evolved into one of the most coveted residential areas in the region. Moraira offers luxury villas with panoramic sea views, as well as apartments for sale in Moraira, making it a versatile option for buyers. Along with a town center full of restaurants and boutique shops, the area provides a premium lifestyle.

• Average price per square meter: Around €3,200/m².
• Buyer profile: Mainly Northern Europeans looking for a second home or a place to retire.

2. Jávea: Nature and Tranquility

Located in the northern part of the Costa Blanca, Jávea is known for its natural beauty, with parks like Montgó and beaches like La Granadella. It is a popular area for families and those seeking a balance between nature and convenience.

• Average price per square meter: Around €2,800/m².
• Buyer profile: Families, retirees, and nature lovers looking for tranquility without being too far from services and amenities.

3. Benidorm: Investment Opportunities

Benidorm is perhaps the most famous city on the Costa Blanca. With its impressive skyline and vibrant nightlife, it is a well-established tourist destination, offering excellent investment opportunities for vacation rentals.

• Average price per square meter: Around €2,500/m².
• Buyer profile: Investors interested in short- and medium-term rental returns.

The Real Estate Market on the Costa Blanca: Data and Trends

The real estate market on the Costa Blanca has shown sustained growth in recent years, driven by both national and international demand. According to recent data, property sales in the province of Alicante grew by 7% in 2023, with particular interest in areas like Moraira, Altea, and Calpe.

Relevant Statistics:

• International demand: More than 40% of property buyers on the Costa Blanca are foreigners, primarily from the UK, Germany, Belgium, and the Netherlands.
• Most in-demand property types: In the northern part of the Costa Blanca, such as Moraira and Jávea, luxury villas with pools are the most sought after, while in areas like Benidorm and Torrevieja, apartments for vacation rentals dominate demand.
• Rental profitability: Tourist areas offer gross returns of between 4% and 7%, with higher peaks during the high season.

Reasons to Invest on the Costa Blanca

Investing in property on the Costa Blanca has multiple advantages, whether you are looking for a second home or your goal is investment.

1. Consolidated and stable market: Despite economic fluctuations, the Costa Blanca has maintained a healthy real estate market, with consistent demand driven by both national and international buyers.

2. Diverse properties: From apartments in vibrant city centers to exclusive villas in private developments, the real estate offering on the Costa Blanca is broad and varied.

3. Potential for appreciation: Areas like Moraira, Altea, and Albir have seen significant price increases in recent years, suggesting high potential for long-term appreciation.

Important Considerations When Buying on the Costa Blanca

Before purchasing a property on the Costa Blanca, it is essential to take several factors into account:

• Legal advice: Hiring a lawyer specialized in real estate law is crucial to ensure the purchase is secure and free of encumbrances.
• Property inspection: Ensure that the property is in good condition and complies with all urban planning regulations.
• Additional costs: Consider taxes, notary fees, registration, and any possible renovations or improvements you might need.

Key Takeaways

The Costa Blanca is consolidated as one of the most attractive regions for living and investing in Spain. Its combination of climate, quality of life, and investment opportunities makes it a perfect destination whether you're looking for a permanent residence or interested in real estate profitability. Moraira, in particular, stands out as a premium option, offering exclusivity and an enviable natural environment.