When looking at Spanish property hotspots, house buyers have many areas to search for that ideal home abroad. Whether you are buying for an investment, a second holiday home, or moving to Spain permanently, your property search will be fruitful. Regional and local markets have a healthy selection of apartments and villas within budget and luxury prices. As real estate agents, we advise on investment aspects like capital appreciation, financing, and locations. But in the meantime, what destinations should you put on your viewing list?
8 Spanish Property Hotspots
1: Purchase in Alicante
Belonging to the south eastern Costa Blanca region, Alicante refers to the city and more extensive province. This firm favourite for property buyers and holidaymakers sits just 25 miles from Benidorm and commands fame for long sandy beaches. The old town, Barrio de la Santa Cruz, portrays a 7000-year history that includes being ruled by Muslims, Romans, Greeks, and Christians. One reason for the popularity of the real estate market is that it accommodates everyone.
18 golf courses put the area on the map as matching Portugal for golfing excellence. At the same time, water sports and beach tourism are the focus during summer. Specific neighbourhoods highlight traditional Spain with tapas bars, while the centre excels in museums, art galleries, shopping, and nightlife. If you are looking for budget-price property, head to the Punta prima, Gran Alacant, Elche or Villamartin neighbourhoods. Otherwise, look to Moraira, La Granadella, or Campoamor neighbourhoods for luxury property.
- Good reasons to retire to Alicante
- All about the Alicante property market
- Where to buy property in Alicante
2: The Spanish Coast of Marbella
Backed by the Sierra Blanca mountains and fronted by the Mediterranean Sea, Marbella earns fame by attracting wealthy celebrities and business executives. Belonging to the Andalusia province in the Costa del Sol, the area features the famous golden mile where large, private villas sell for millions of of euros and luxury yachts dock in the exclusive marina in nearby Puerto Banus.
Home buyers wanting seaside locations can expect 16 miles of beautiful coastline and 24 stretches of sand. In addition, Marbella features many award-winning golf courses. Look to outskirt areas like Estepona or Sotogrande for more affordable property prices. Otherwise, for beachfront property, Nikki, funny, or Puerto Cabopino neighbourhoods deliver. Malaga airport is just a 40-minute drive away, so you can come and go as you please with their year-round flight schedule.
3: International Living in Valencia
Nicknamed the city of arts and sciences because of the central park with an oceanarium, planetarium, and museum, Valencia constantly ranks as an ideal place to buy property. It uniquely stands out with its cultural trends and does an excellent job of combining old and new architecture seamlessly. They are known for inventing the famous Spanish paella dish but expect many festivals and even their native language.
Places within Valencia that attract holidaymakers and home buyers include the two blue flag beaches, Playa de la Malvarrosa and Playa de las Arenas. Otherwise, Valencia proves its dedication to green spaces with the Turia gardens, just one of many for families to enjoy. Valencia’s old town also does an excellent job attracting tourists, with the landmark street cafes, gothic-style architecture, Cathedral and La Lonja de la Seda.
4: Beautiful Murcia
Murcia, an expat and foreign buyer favourite, sits on the Iberian Peninsula of Spain and offers spectacular Mediterranean Sea views. Two popular areas to buy property include smaller Mil Palmeras that offer extremely laidback vibes, perfect for those who want the quieter side of life. Meanwhile, La Manga stretches 21 kilometres long and separates the Mediterranean Sea from the Mar Menor Lagoon. Covering 1400 acres, homeowners enjoy many leisure and pleasure facilities. The centre is Spain’s seventh-largest city, but most property buyers look to outskirt neighbourhoods to find their place overseas. Read about 5 Reasons to buy property in Murcia
5: An Apartment in Barcelona
Although it continually ranks as the most expensive place to buy property in Spain, Barcelona’s popularity is on the rise. As the principal capital of Spain’s Catalonia region, this global metropolis attracts working expats but also excels in arts, culture, and architecture; and is a significant economic and financial centre of Spain, as well as a massive port and tourism hotspot.
Thanks to mild winters and hot summers, tourism is year-round. However, despite the hype, any investor in Spain buying with buy-to-let plans should investigate carefully since licenses have not been previously issued, and the tourist industry received backlash because of crowding.
6: Madrid – Capital of Spain
As Spain’s capital, property prices are high, continually ranking over 3000 euros per square meter. High prices are in the Salamanca, Chamartin, and Hortaleza neighbourhoods, but that does give homeowners front door access to another global metropolis that ranks alongside Paris and Milan. Otherwise, look to Ciudad Lineal, Vicalvaro, and Barajas neighbourhoods for the budget-price property. Madrid excels in fine dining, upmarket shopping and arts and culture scenes. Despite prices, the bonus to Madrid is that recent years have shown much potential for capital appreciation and good liquidity.
7: Spanish Vibes Torrevieja
Torrevieja constantly ranks with home buyers in Spain, especially for UK citizens who want a Costa holiday home. Sitting in the Costa Blanca area, the Salt Lake backing the site affects the climate and makes this Spain’s healthiest destination to live, as stated by the World Health Organization. Homeowners enjoy hot summers and mild winters, and during summer, the area attracts many Spanish holidaymakers.
As a Costa seaside destination, there are plenty of neighbourhoods on the real estate market. Punta Prima, roughly 10 minutes from Torrevieja central, is popular, thanks to the long promenade, blue flag stretches of sand and a decent selection of bars, restaurants, and shops. Residents also get to enjoy Las Salinas de Torrevieja nature park.
8: Property in the Balearic Islands of Spain
Although the Costas are famous, this year, we have seen an increase in enquiries for the Balearic Islands. There are four altogether. Menorca, of which the capital town Moa is famous. Ibiza has worked hard recently to shed its party atmosphere reputation to replace it with bohemian vibes. Mallorca, also called Majorca, is the largest and features the popular destination of Palma. Although lesser heard of ,Formentera is quieter but famed for the whitewashed houses. Of all four, Majorca receives the most enquires because of the winter flight schedule. If hot summers and mild winters are what you seek when buying property in Spain, the Balearic Islands deliver the best climates. Read about nine destinations to buy property in Majorca – Spain.
Also, About Spanish Property
How to Buy Property in Spain: Research, knowledge, and taking your time help to make buying property more manageable. After all, we cannot avoid red tape and the hassles it brings. But we can prepare and be fully aware of each step. If you buy a property through us, we will guide you through every step, but here are ten steps to owning property in Spain.
Browse Our Portfolio: That is our destination round-up, but you can learn more about the real estate market and what is for sale by browsing our portfolio of apartments and villas. Each listing contains everything to know, like price, location, home features, and contact details to find out more or arrange property viewings. Alternatively, call us today to speak with an agent further about Spanish property hotspots.