Where are the best areas to buy property in Spain? Perhaps this is the first question asked by those who have decided to buy property in this beautiful sunny country. Generally, such well-known areas as Barcelona, Madrid and the Balearic Islands are the first thing that comes to mind. However, in order to make a decision, where it is better to buy property in Spain in 2019 and 2020, you need to go much further and learn many places: it turns out that the «promoted» regions of Spain are not the best option. The major alternatives to the above-mentioned areas are the coast of Alicante (Costa Blanca), Murcia (Costa Calida) and Valencia (Costa de Valencia).

Why are these regions so attractive, and why are they considered one of the best places to buy a house in Spain? Let’s figure it out.
Before making any recommendations, where to buy a property in Spain, you need to understand what the purpose of the purchase is. Whether seeking housing for your own accommodation or for use as a summer residence, or you are interested in investment objects for the purpose of earning a profit. Let’s look at each of the options separately.

The best place to buy investment property in Spain

Where are the best areas to buy property in Spain in 2020?
The Valencian community, which includes the provinces of Alicante and Valencia, which are popular among foreign buyers, is currently one of the most promising and rapidly growing regions of Spain. This is supported by data, published by the Ministry of Industry, Trade and Tourism of Spain. For example, in the 2nd quarter of this year, the region became the leader considering annual growth of foreign capital investments: from €83.2 to €128.5 million. In addition, the region is actively developing as a tourist destination: from 2011 to 2018 the number of foreign tourists has increased here by 70%. In addition, 34% increase in the number of the Spanish people opting this area for recreation.

It is fair to say that the Valencian community owes its rapid development in the last couple of years to the crisis besetting Catalonia. First, foreign investors fearing instability in the region, kept their focus on other areas of Spain, and the Valencian community has proved to be one of the first on their list. Second, the Valencian community took 616 companies in, which “escaped” from Catalonia because of the crisis. In particular, two of Spain’s largest banks, Sabadell and CaixaBank, moved their head offices here. Third, the crisis in Catalonia has caused outflows of tourists, who have chosen the Valencian community as an alternative.

All this have affected the economy as a whole and the real estate market in particular. Demand for housing buying and rental and prices went up, and it has also increased in the field of business. These facts, together with relatively low property prices and good cost-effectiveness and high rates of return make the Costa Blanca, Costa Calida and Costa de Valencia regions a great option for buying property аs investments.

Where is the best place to buy a property in Spain for permanent residence?

Where are the best areas to buy property in Spain in 2020?
Many of those who are looking for real estate in Spain for their own residence – permanent or “on vacation” – also opt for the regions of the Costa Blanca, Costa Calida and Costa de Valencia.

Let’s enlist the main advantages of these regions:
Climate, environment, nature, beaches. Undoubtedly, this is one of the most important factors, if not the most important. Sunny weather for more than 300 days a year, mild snowless winters, long warm summers, and minimum amount of rainfall are the main characteristics of the Mediterranean climate. Add an excellent environment, proximity to the sea and the purest air enriched with minerals, magnificent beaches, many of which were awarded with the Blue flag, as well as beautiful nature and you will get the perfect place to live.

Infrastructure, comfort and security. There is a large housing supply in Alicante, Murcia and Valencia for every taste. At the same time, even if you choose a tiny quiet village in the vastness of nature, you will not feel disconnected from the world: you will have access to all the necessary infrastructure for life, and major tourist cities with lots of entertainment for every taste are always nearby. Attractive feature of the real estate market in these regions are urbanizations, including closed ones. We are talking about villages joint with a common infrastructure, including swimming pools, green areas and recreation areas, playgrounds, etc. As for entertainment and sports, you will also find here everything you need: sports clubs and schools, tennis courts, golf courses and golf clubs, huge shopping centers, amusement parks (for example, in Benidorm), cafes, bars, restaurants, night clubs and much more.

Real estate and maintenance costs. Average housing prices on the Costa Blanca, Costa Calida and Costa de Valencia are much lower than in other coastal areas of Spain. For example, according to the idealista portal in November 2019, the average cost per square meter of property in Catalonia is €2278, in Madrid – €2800, in the Balearic Islands – €3071, in the Valencian community – €1377, in the region of Murcia – €1043. In addition, it is possible to buy new buildings of very high quality at more than reasonable prices – from €120,000.

Separately worth noting the relatively low taxes and quite low cost of utilities in these regions compared, for example, with Madrid and Barcelona. Thus, in the first case, utility bills on average are about €100 per month, while in the capitals you will have to pay on average of €200 – €300 per month.

Cosmopolitanism, multilingualism, and a large English-speaking diaspora. That’s an important advantage for those who do not speak Spanish. You can always explain yourself in English. At the same time, it is worth noting that the English-speaking diaspora is very close-knit: you will always find help and support from compatriots in a foreign country.

Read our article about Benidorm international district. Rincón de Loix

Where to buy property in Spain: recommended cities

There is no doubt that it is impossible to list all the cities of Costa Blanca, Costa Calida and Costa de Valencia here. Let’s limit it to the most important and popular ones.

Benidorm

Where are the best areas to buy property in Spain in 2020?

  • Population: 71 198
  • Average property values: €2111 per square meter

The tourist capital of the Costa Blanca – “Spanish Manhattan”.

Benidorm on the map

Read our articles about Benidorm:

You can find real estate in Benidorm in our catalog.

Finestrat

Where are the best areas to buy property in Spain in 2020?

  • Population: 6386 people.
  • Average property values: €2050 per square meter.

For those who want to live near Benidorm, but avoid the hustle and bustle of a tourist city.

Finestrat on the map

You can find real estate in Finestrat in our catalog.

Calpe

Where are the best areas to buy property in Spain in 2020?

  • Population: 29 909 (2010)
  • Average property values: €2112 per square meter

It’s a prestigious resort town with stunning scenery and a large range of properties with beautiful views.

Calpe on the map

Read our articles about Calpe:

You can find real estate in Calpe in our catalog.

Denia

Where are the best areas to buy property in Spain in 2020?

  • Population: 41 553 (2015)
  • Average property values: €1972 per square meter

It’s a beautiful coastal town, in 2015 recognized as the gastronomic capital of the Mediterranean.
Denia on the map

Articles about Denia:

You can find real estate in Denia in our catalog.

Javea

Where are the best areas to buy property in Spain in 2020?

  • Population: 31 909 (2010).
  • Average property values: €2305 per square meter

It’s a town on the coast, recognized by the World Health Organization as one of the best places to live.

Javea on the map

You can find real estate in Javea in our catalog.

Moraira

Where are the best areas to buy property in Spain in 2020?

  • Population: 1612
  • Average property values: €2793 per square meter

It’s a picturesque town on the coast with a large selection of luxury real estate.

Moraira on the map

You can find real estate in Javea in our catalog.

Altea

Where are the best areas to buy property in Spain in 2020?

  • Population: 24 006 (2010)
  • Average property values: €2105 per square meter

It’s one of the most beautiful towns in Spain. Nearby is placed the prestigious urbanization Altea Hills, as well as a beautiful Orthodox Church.

Altea on the map

You can find real-estate in Altea in our catalog.

Alicante

Where are the best areas to buy property in Spain in 2020?

  • Population: 330 525 (2016).
  • Average property values: €1506 per square meter

The capital of the Costa Blanca is a welcoming city on the coast with a large selection of affordable properties.

Alicante on the map

Read our articles about Alicante:

You can find real estate in Alicante in our catalog.

Santa Pola

  • Population: 31 745.
  • Average property values: €1466 per square meter

It’s a beautiful coastal resort town with excellent infrastructure.

Santa Pola on the map

You can find real estate in Santa Pola in our catalog.

Guardamar del Segura

where-to-buy-properties-in-spain-2020-4

  • Population: 14 716 (2017)
  • Average property values: €1526 per square meter

It’s a quiet, beautiful town with wonderful sandy beaches and a large eucalyptus park.

Guardamar del Segura on the map

You can find real estate in Guardamar in our catalog.

Torrevieja

img class=”alignnone size-full wp-image-96398″ src=”https://alegria-realestate.com/wp-content/uploads/2019/12/where-to-buy-properties-in-spain-2020-1.png” alt=”Where are the best areas to buy property in Spain in 2020?” width=”1024″ height=”554″ />

  • Population: 84 959 (2018).
  • Average property values: €1354 per square meter.

It’s the Russian-speaking capital of Costa Blanca. The town on the coast has affordable real estate. Great for buying housing for investment purposes.

Torrevieja on the map

Read our articles about Torrevieja:

You can find real estate in Torrevieja in our catalog.

Orihuela-Costa

Where are the best areas to buy property in Spain in 2020?

  • Population: 76 778 (2018)
  • Average property values: €1846 per square meter

It’s a very popular area for buying property, especially among foreigners. The main municipalities are Punta Prima, Cabo Roig, La Zenia, Villamartin and Playa Flamenca. A large selection of real estate for every taste and budget.

Orihuela-Costa on the map

Articles about Orihuela Costa:

You can find real estate in Orihuela Costa in our catalog.

La Manga de Mar Menor

Where are the best areas to buy property in Spain in 2020?

  • Average property values: €1516 per square meter

It’s an unique area in the region of Murcia (Costa Calida), which is a large natural sandbar separating the Mediterranean sea and the Mar Menor lagoon.

La Manga de Mar Menor on the map

You can find real estate in La Manga de Mar Menor in our catalog.

Valencia

Where are the best areas to buy property in Spain in 2020?

  • Population: 2,5 million people.
  • Average property values: €1228 per square meter

It’s one of the most beautiful cities in Spain with a large selection of real estate for every taste and budget.

Valencia on the map

Articles about Valencia:

You can find real estate in Valencia in our catalog.

Thus, we are looking forward that our company could help you decide, where it is best place to buy property in Spain in 2020. If you are interested in the regions of Costa Blanca, Costa Calida and Costa de Valencia, you can see our housing supply in the catalog.

Like this article? Share with your friends!

Share: