Spain’s costas have been a favourite among overseas buyers for decades, with many drawn by the high quality of life, glorious sunshine, delicious food and low property prices. But where are the most popular areas to buy in – areas where you could find excellent investment potential? Green-Acres’ has a constantly updating Property Observatory to monitor these trends, so find out in today’s article Spain’s top locations from this April.
Torrevieja tops our list, making up 6% of all property searches in Spain, with the average buyer looking for a property with a price of around €230,000. This seaside town is extremely popular among expats for its sunny and healthy microclimate. In fact, the salinity in the air from the beautiful nearby salt lakes, Las Salinas, has helped make the area named the world’s second healthiest microclimate by none other than the World Health Organisation.
It has a strong expat community, with the majority of its population coming from overseas. There are two well known markets, on Wednesdays and Fridays, where you can buy all manner of things, from food to clothes, furniture and artwork.
A beautiful historic town, Dénia feels very authentically Spanish, despite its popularity among tourists. Property prices can be a bit higher here, and the average buyer here is looking at one around the €400,000 level. It has plentiful sandy beaches, especially on the north, and some, like Platja Les Bovetes, have disabled access. The pretty harbour, with its colourful buildings, is dominated by the ruined castle, a reminder of Dénia’s long past. The Barrio Baix La Mar is the place to look for charming old fishing homes, while you’ll find more modern properties on the outlying urbanisations.
Third on our list is buzzing Marbella, also the only city on our list. Its busy nightlife and ‘permanently-on-holiday’ feel is well known, so no wonder it’s popular among expats! The easy access to the airport also helps. There’s a whole range of property prices, from small flats up to luxury, architect-designed villas selling for over a million euros, especially in areas like Puerto Banús. Located down on the Costa del Sol, it enjoys year-round sunshine and an unbeatable climate. There’s over 2,900 hours of sunshine annually – a thousand more than the UK’s sunniest location of Eastbourne!
Empuriabrava takes the fourth spot on our list, an increase of five places compared to last year. It’s a great place for anyone looking for an active lifestyle, surrounded by the sea and the Parque Natural de las Marismas del Ampurdán. The marina makes it a great favourite among yachting enthusiasts – there are 5,000 berths and 23km of navigable canals. It is in fact the largest residential marina in Europe! If you prefer a more historic feel, then Castelló d’Empuries is for you, with narrow old streets lined with buildings dating back as far as medieval times.
Coming up two places on our list to make number five, Estepona is one of the names to watch for Spanish property. It’s part of what estate agents are nicknaming the ‘new golden mile’, stretching out to Guadalmina. It is popular among tourists, but has very much kept a distinctively Andalusian charm. With a number of golf resorts nearby, a 3km sea promenade, seventeen beaches in easy reach and the SELWO nature park just outside, anyone buying property here will not be short of things to do.
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