The Spanish Property market experience a fall during the first quarter of 2014. This was the first time since the big crash in 2008. Since the end of 2014 until the time of writing, Spanish property prices have been on the up and up. Numbers released by the Ministerio de Fomento confirm that the Spanish property market is most definitely moving. By the second quarter of 2017, there were just over four hundred and ninety-five thousand sales! Around sixty thousand higher than the year before which is around 14% growth.
The year of 2018 saw another 10% growth spurt and almost 17% of all sales are to foreign buyers. The stats looking at all regions of Spain are reporting 1567€/m² – This number is around one hundred euros less than they were in 2005. Of course, there are hotspots which up the ante but without a doubt, you can still get a bargain.
The Costa Blanca is at the top of the property sales list, with 23% of all sales being foreign buyers. The Costa del Sol is second but a good eight thousand fewer sales and only 13% representing foreign buyers. The Costa Blanca has always been popular with Brits. Some of the most popular towns and cities include Alicante, Denia and Javea. If you are looking for Spanish property, these are the top three picks to relocate.
The big pull for Denia is its twenty kilometres of amazing coastline. Montgó nature reserve literally rises behind the town like a “giant hand” (quoted from the Blasco Ibáñez, the famous Spanish novelist). Property here is in demand but tends to be a bit more expensive compared to other locations on the coast.
Known as the City of Light, it has been on the Spanish map for more than three thousand years, so it’s steeped in history despite its very cosmopolitan image. Without a doubt, it offers up some amazing contrasts between landscape and city life.
The airport, just a few kilometres outside the city makes it one of the easiest places to get to in the Costa Blanca and of course, it is the capital of the region. The nightlife is busy with a notable selection of styles and atmospheres. The beaches are long and well cared for despite the fact that they are among the busiest along the Costa Blanca. If you like the buzz of the city as well as some beach life Alicante is worth considering.
Javea, or Xàbia, as known locally, is around an hours’ drive from Alicante. Javea is tucked in-between “La Nao” Cape and “San Antonio” Cape. For people looking for a town that offers up authentic Spanish bars and some of the best seafood restaurants around, it’s a real winner.
The port, mountains and sandy beaches create a medley of environments, which makes it an interesting town to say the least. While you have the old town with traces of all the civilisations that have settled here over the centuries, there is every modern convenience you’d expect in a popular tourist destination – which Javea most certainly is. Property here remains relatively inexpensive compared to Alicante, especially the white-washed houses found in the old town.