Interest in Spanish real estate has significantly sky-rocketed in the past few years. Investors are looking for summer and winter holiday housing to make it their long-term investment.
There are numerous villas for sale on the Spanish coasts, in large cities and in picturesque villages. Talking of large cities, Madrid and Barcelona along with their suburbs are at the top of many ratings. Apart from the coastal parts of Barcelona, foreign investors are also interested in the cities of Castelldefels, Calella and Gava Mar.
The main factors which tempt people to buy a home in Spain are, without a doubt, the country’s climate and coasts. Among such locations, investors mention the Costa Blanca and the Costa del Sol — houses and apartments here are particularly profitable since these places are quite a magnet for tourists. Property in Benidorm and Denia is also sought after due to the unique climate of these locations.
There is also a growing interest in housing in the province of Malaga, namely in the cities of Marbella, Fuengirola and Mijos. Besides, neither Canary nor the Balearic Islands lose their popularity among foreign investors and the Spaniards themselves.
It matters whether you buy housing for yourself or for the future tenants.
Where to buy housing for profitable investment?
Investors should consider the Valencian community with its rapidly developing provinces of Valencia and Alicante.
Where to buy a property for living?
In Costa Blanca, Costa Calida and Costa de Valencia. These areas have a good climate, Blue Flag beaches, around 300 sunny days a year, and the ecological situation is favorable too. The house prices in the regions of Costa Calida, Costa Blanca and Costa de Valencia are much lower than the average prices in the coastal regions of the country.
In Valencia, Alicante and Murcia, there is a wide choice of housing for any budget and any purpose — in these regions of Spain, you can find villas for sale and apartments, quiet villages in the bosom of nature, large tourist cities… The Costa Brava is also a popular resort in Catalonia with beautiful scenery and milder summers compared to other regions, which makes it ideal for a permanent stay.
Rating of the best places in Spain for real estate investments
If you are interested in villas for sale in Spain, consider Alicante (the city of lights) — the most popular region with investors, which is located in the south-eastern part of the Spanish coast.
Luxurious beaches, palm-lined boulevards, a favorable climate and a combination of tradition and modernity. More than 43% of purchase and sale transactions occur in the province of Alicante. This destination is one of the most popular ones with buyers from Russia.
Andalucia is a region located in the south of Spain and is called the mother of Spanish folklore. This region occupies the second place in the rating of real estate investors. The benefits of the southern coast and the dry summer are keys to a wonderful beach holiday and tourism. Besides, the fishing industry is highly developed here, too.
Property in Andalucia is in high demand in the following regions:
– the sunny region of the Costa del Sol, with its long, clean beaches and picturesque scenery (which gave it a name of “the coast of the sun”),
– the major cities of Malaga and Seville with their active pace of life and developed infrastructure,
– the provinces of Cordoba and Jaen, the interior of the country.
It is in Murcia where villas have the best prices. The inner rural areas of the country offer some of the lowest rates per square meter. Popular places in this province are Mil Palmeras and San Pedro del Pinatar, located close to sandy beaches. Murcia boasts a coast with 250 km of beaches (Costa Calida), the sea and the mountains.
Real estate in Valencia is also quite popular with investors who are thinking of renting out apartments and houses. Valencia is a tourist hub located in the eastern part of the country. From here you can easily get to the airport. As for the scenery, Valencia has beautiful landscapes and the environmental situation here is favorable, too. Valencia is also renowned for its Blue Flag beaches.
5. Costa Blanca
Costa Blanca is another popular region among investors. Real estate of Costa Blanca is in demand not only in Benidorm, the capital of the region (known as Spanish New York), but also in other parts of the region.
This part of Spain became well-known for its sports and tourism infrastructure, water sports and vibrant nightlife. Costa Blanca has the largest amount of sandy beaches with a Blue flag. This resort destination is highly popular with Russians. The Costa Blanca also belongs to the regions with fairly affordable house prices.
If you are interested in villas and apartments on the beach, consider the houses and apartments for sale in Spain — the choice is endless. The article reviews the most profitable and popular regions and provinces of the country when it comes to buying real estate. Which of these Spanish regions is the best for you depends on your goals, preferences and budget. Nevertheless, each of these places is beautiful in its own way.