Spain is the OECD country with the highest growth in housing investment, ahead of the United States, the United Kingdom, Germany, France, Japan and Australia. The country’s climate, gastronomy and culture are the main attractions for investors.
However, there is one area where investment in the real estate sector is growing: the Costa Blanca. Surrounded by mountains and sea, this area of the Valencian Community has become a paradise for investors, both national and foreign. And, in today’s article, we are going to tell you the main reasons why.
Assured quality of life
The affordable cost of living on the Costa Blanca, compared to other regions in Europe, is a key factor that attracts many people looking for investment properties or a second home in this area of the Mediterranean coast.
In addition, costs such as water, electricity and gas are also cheaper than in other countries, bringing more sustainability to the properties.
But, without a doubt, the climate is one of the factors that makes the Costa Blanca and Spain an investment paradise. Its mild winters and warm (but not too hot) summers allow for a wide variety of outdoor activities all year round, encouraging a healthy and active lifestyle.
A short term investment
Another of the main reasons why people decide to invest in the Costa Blanca is the profitability that they can get from their home in the short term.
Although this area is characterised by its holiday rental market, in recent years it has experienced a growth in foreigners who choose to settle in the region and opt for short term rental of a property either as a second or permanent residence.
The Costa Blanca is an attractive area of Spain for property investment due to its Mediterranean climate, its constant contact with nature, be it sea or mountains, and its quality of life.
Extensive residency possibilities
Residency programmes, such as the Golden Visa, offer foreign investors a relatively quick and easy route to residency in Spain. This allows them to actively participate in the Spanish real estate market and purchase property in Alicante without the need to obtain a work visa or temporary residency.
In addition, it allows investors and their families access to an excellent quality of life, high quality medical services, education and a rich culture. This is especially attractive for those looking for a place to live or spend time with their family.
Investors who obtain residency through these programmes often consider renting out their Costa Blanca properties on a long-term basis, which provides regular income and a long-term return on their investment.
A tourist area and a place to retire
More than 2 million tourists have chosen the Costa Blanca area for their holidays in 2023, breaking the record for foreign tourism in the area.
Investing in flats for short term rental can generate a stable income, especially during the high season. In addition, a large number of foreigners, especially retirees, choose the Costa Blanca as their place of retirement. Some 385,000 foreign retirees live and receive their pensions in Spain, with one of the most sought after areas being the province of Alicante.
From personalHOME we offer you a wide range of benefits if your objective is to invest in the Costa Blanca. Our professionals have the experience and technical knowledge to develop the process efficiently. In addition, you will save time and costs.
At personalHOME we build houses. We build dreams.
