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Costa Blanca property investment: a renovation in Altea

05 Apr
2019
5 (100%) 1 vote

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In order to get closer to the market in the Costa Blanca, we asked our independent local property finder, Valérie, to write about her latest activity there. Should you need more information, we will put you in touch with her, she is our local independent partner of howtobuyinSpain.

 

The investment case of an apartment to renovate on the Costa Blanca – in Altea.

 

First, let’s discover the Costa Blanca

With more than 240 kilometers of coastline, the Costa Blanca region has many activities attracting tourists from all over the world. Its mild Mediterranean climate offers more than 300 days of sunshine to fully enjoy its magnificent beaches and the various nautical activities. Check the weather statistics of any Spanish city here. The historical and cultural heritage of the Costa Blanca has nothing to do to envy the neighbouring regions: it has magnificent natural spaces and architecture classified as UNESCO World Heritage Site. Its lively nightlife during the high season provides the region with an unparalleled atmosphere and makes it a tourist mecca.

To discover more about the Costa Blanca, read our paper: Everything you should know about the Costa Blanca.

Altea is a magnificent region

A perfect blend of modernism and traditionalism, the city of Altea has managed to preserve its charm of yesteryear. The 8 kilometers of coastline offers pleasant walks along the seafront where cafés and restaurants follow one another. Located at a height, the old town, populated by whitewashed houses, accentuates the authentic character of this fishing village. Altea is undoubtedly one of the best preserved cities on the Valencian coast. At the heart of the village, many holidaymakers mix with the artists who have come to enjoy the various assets and landscapes that the city offers. Altea is often considered as one of the most emblems of the Costa Blanca.

 

White houses so specific to Altea

 

What is the current situation for the real estate market in this region?

Whether it is a purchase to spend your retirement, a family second home or an acquisition of real estate for rental purposes, the investment in this region appears to be a very interesting option because the prices per square meter remain attractive to this day. With some natural, historical and modern landscapes the Costa Blanca attracts investors from all over the world and from Spain.
Ideally located, Altea is close to the region’s reference cities (at only 10 kilometers from Benidorm and 55 kilometers north of Alicante) and access is available easy via the road and motorway network, the train or even the international airport of Alicante-Elche (less than an hour’s drive). Altea’s real estate market provides a considerable and diversified choice with many old dwellings that can be upgraded to perfectly meet the needs of future owners.

 

Here is a quick look at the real estate price evolution in Alicante, the capital of the province, over the last 20 years

  • Real estate prices in Alicante: €1.290 /m² (Dec 2018), +2.9% vs last year
  • Transactions for Alicante are strong: 44.700 +16,7% vs last year

 

Valérie, our local independent Property finder in Costa Blanca

 

Looking for a property hunter, a lawyer, an architect,… a local expert in Spain? Ask our network of independent local experts directly!

 

 

Valérie

Property finder in the Costa Blanca

Local independent partner of HTBIS Network

Check the full team of HTBIS or check our independent local partners

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