Anyone looking at the best places to buy property in Spain will be overwhelmed with the choice. Having been a firm holiday and second home destination for Brits and other nationalities over many decades, the towns, cities and small coastal resorts all over Spain bring something unique to the international property market. So deciding where to buy will boil down to two things, your budget and lifestyle preferences.
Is Spanish property a good investment?
Yes, now is an excellent time to invest in Spanish real estate. Some areas prove better than others for buy-to-let potential, while others developing infrastructure and practising sustainable urban planning project a higher capital appreciation so when it comes time to sell, a healthy profit can be yours.
Overall, a positive outlook for the country is fuelling the Spanish housing market. It has shed repercussions of 2008’s dramatic crash, and since 2016, property prices have risen with record sales in 2018, but they are still below pre-2008 prices.
Property buyers come from all around the world but Brits, Germans, Italians, French, Romanian, Belgian, and Swedish nationalities showed the most interest. Other aspects paying off in Spain’s favour including a well-performing economy and a healthy tourism industry. So, let’s look at which areas they are showing an interest in and why?
Alicante Province: Coming in at first place with 43% of different house sales, Alicante whose name translates into the city of lights proved to be the most popular place. Sitting on Spain’s south-eastern coastline, palm tree boulevards, stunning beaches, a pleasant climate and perfect blend of modern and traditional influences prove too much to ignore.
According to official stats, 15% of the population are foreigners, and many live in the Costa Blanca region, which is 200 kilometres of sandy beaches, and hidden coves combined with an authentic Spanish lifestyle.
Buying a house in Alicante is tapping into an outdoor lifestyle, cultural heritage, delicious local cuisine and that all important, weather and dreamy climate. (See property for sale in Alicante.)
Andalusia Province: Sweeping around to the southern coast, the Andalusia province rocked in at second place on the list of popular destinations. Having been a pioneer of tourism in Spain during the 1950s and 60s, they have proven themselves as a firm favourite for foreign house buyers.
Often called the mother of Spanish folklore, the Mediterranean Costa Del Sol regions continue to command fame for its long beaches, and prominent resorts like Nerja, Marbella, Torremolinos, Fuengirola, and Malaga garner the most attention. (Costa Del Sol Area Guide.)
Since house values have still not matched the boom of pre-2008, Spain is proving a worthwhile contender for budget and any first-time overseas buyer. Rural inland communities present the lowest prices per square meter but you don’t have to give up on your dream of a beachfront home just yet.
One emerging area with much future potential is Murcia, home to the famous saltwater Mar Menor Lake. Commanding fame for its excellent tapas, neighbourhoods like San Pedro del Pinatar and Mil Palmeras are a short walk from sandy beaches and that divine south-eastern coastline.
Sitting in between the Andalusia and Valencia provinces, wine and olive oil production and fruit and flowers make its name throughout the rest of Spain. Even though the region has 250 kilometres of beaches known as the Costa Calida, when it comes tourism, it escapes the hordes and masses.
Another prominent destination worth looking at for budget buyers is Grant Alcant. Belonging to the Alicante and Costa Blanca region, it's grown in recent years as foreign buyers look to get away from main tourism hubs but still be within close distance to all amenities and facilities, like the airport.
Sitting between Santa Pola and Alicante, 25 small neighbourhoods make up the region, and building restrictions ensure you won’t find tall skyscraper buildings, but instead a destination intent on preserving its natural status and avoiding overpopulation. Areas around the blue Flag destinations of Carabassi Playa and Playas De Elche are both worthy contenders for buyers who want beachfront property on a budget.
Since Spain is the world’s second most popular tourist destination, with an average of 82 million visitors every year, buy-to-let investors often turn towards the market hoping to make money through renting it out for long- and short-term periods.
In terms of tourism and holiday lets, the Mediterranean coast is the most popular destination while city popularity revolves around Madrid and Barcelona. The Catalonia region, including high profile places like the Costa Brava, continues to be the most popular coastal destination for rental income, but the area also commands some of the highest prices per square meter for real estate.
Instead, buyers are looking to towards the Andalusia and Valencia regions for a fine balance. They have easy and quick access via the airport to several tourist destinations that rank among the prettiest and famous in Spain.
Investigate buy-to-let property if you are using a mortgage to make sure you can afford it. Check your monthly mortgage payments are in line with average rents and consider your potential guest profile.
A small city apartment is unlikely to appeal to large families looking for a two-week break with facilities to entertain kids. Your marketing skills need to be top notch and you also need to deal with issues like maintenance, upkeep and the more legal fees and paying taxes.
We like this golfing village in La Manga on the beautiful Costa Calida region of Murcia. With a range of apartments and townhouses, it is a mini vacation, sports and leisure centre with a wide range of communal facilities as well as easy access to three beautiful courses.
Offering a 5% rental yield over 12 months, and property management services, it's ideal for investment buyers. Covering 1400 acres, when you are not practising your swing, other leisure pursuits to keep you active include tennis, football and a 200 square meters spa and wellness centre.
When buyers approach us, most want to be near the beach, whether purchasing a holiday home or they have retirement plans to live in Spain all year round. Doctors have confirmed clean air, summer vibes and those stunning sea views disappearing over the horizon are just the thing for wellbeing and perfect health. The good news is that Spain’s many coastline destinations, make a beach-side lifestyle the norm for a large part of the population.
However, Spain has over 5000 miles of coastline and over 550 blue flag beaches, making it a top beachfront destination in the world. So, with all this choice, where do you look?
Trip Advisor says the northern La Concha beach is the most famous Spanish beach, but you would have to compromise on the Mediterranean climate and heart of Spanish culture. Instead, go where the highest concentration of blue flags beaches are, and that is, Valencia, followed by Galicia, Catalonia, Andalusia and then the Balearic Islands.
Famous beaches in Valencia include La Malvarrosa, El Saler, Port Saplaya, Sagunto, and Cullera on the northern Costa Blanca. A perfect example of a Spanish beachfront property is this two bedroom, one bathroom apartment in Torrevieja. Sitting just 300 metres from the sandy beach and Mediterranean Sea, it's spacious enough for year-round living or as a holiday home.
With golf still proving to be a top leisure sport, it is no surprise that a real estate industry has sprung up around it, and Spain is one country to stay on top of its game. World glass championships courses, stunning landscapes and an ideal climate, make Spain a golfers haven and the perfect place to practise that swing. Three top areas for golfing are the Costa Blanca, Costa Del Sol and in more recent years, Murcia has upped its profile.
These golfing apartments in the Malaga region are on the edge of El Soto Golf Club just 0.5 kilometres away, but also within a short drive from the world famous La Cala Golf Resort and Santa Maria Golf. Built with Mediterranean architecture, the homes also feature large terraces so after a long day on the green, cold beers and alfresco dining add to the Spanish golfing experience.
Spanish townhouses differ vastly from Spanish villas and suit those on a middle-class budget who plan on living in Spain all year round. While villas are stand-alone properties with private swimming pools and gardens, townhouses are often built on large complexes, are semi-detached or detached homes and include large terraces instead of private gardens.
Neighbours, often a mixture of Spanish and foreign nationalities, share the upkeep and maintenance of communal facilities and get to enjoy swimming pools, gardens, on-site security and shops. With the peace of residential neighbourhoods, owners have easy access to everything that life in the sun comes with.
With prices starting from £125,000 pounds and a portfolio of townhouses all over Spain, this housing style appeals to many types of buyers. These modern style townhouses on the Costa Blanca feature three spacious bedrooms, making them perfect for a family or even better, a couple who want to live in Spain.
As you can see deciding on the best places to buy property in Spain is a choice driven by your lifestyle and budget. If you would like to discuss investing in the Spanish real estate market further, call or email us to chat with a sales representative. As an established international real estate agent with many years of experience, we can also guide you through the Spanish property buying process.
See our wide range of property for sale in Spain and fill in the enquiry form if you want to receive more details about any specific listing. If you are a real estate investor, our off-plan constructions will appeal, but we also list new build and resale homes and properties around Spain. You might also like to read our area guides for places in Spain. From the Costa regions to the Balearic Islands, they will help you choose the right place for your overseas property investment.