Real estate prices on the Costa have risen steadily over the past five years, with the municipality of Jávea (Marina Alta) in the north of the province of Alicante recording the highest growth.
The prices that were paid for a property on the Costa Blanca at the peak of the construction boom have not yet been reached, but they are already considerably higher than at the height of the crisis.
TINSA, a company that specializes in valuations for real estate, launched its own investigation. In the province of Alicante there are no fewer than seven places where the growth has already exceeded more than 20%.
Jávea, better known as the pearl of the Costa Blanca, takes off the proverbial gold: people now pay around 35% more for a home than during the crisis. Where you then paid around € 1,400 per m² for your own place under the sun, today it is already € 1,900. During the past year alone, prices rose by more than 10%.
El Campello, Orihuela, l’Alfás del Pi, Calp, Alicante and Benidorm are the other municipalities where the prizes were divided. In Altea, prices rose the least: only 2%. According to the makers of the study, this is only because the building crisis hit much less there.
But the most important conclusion remains that investing in Spanish real estate is a good investment for the future. Isn’t it time to realize your dream in Spain?
We would like to help you!