Costa Blanca property guide
The Costa Blanca is the coastal area of the province of Alicante which starts at the village Els Poblets up to Pilar de la Horadada. This coastline is over 200 km long and is probably the most popular area for foreign folks to buy property.
Although popular, there are still many bargain properties to be found in the Costa Blanca and much of it depends on the area where you decide to buy.
The average price of a property in the Costa Blanca is 1557 €/m². Generally speaking the Northern part of the Costa Blanca and first-line properties are more expensive, while in city areas like Elche and Alicante average property prices tend to be lower.
Where to buy property in the Costa Blanca?
Elche, the city of Alicante and Torrevieja are the most affordable, while Benidorm, Orihuela Costa and Moraira are the most expensive towns to buy property in the Costa Blanca.
We examined 4 different areas of the Costa Blanca from North to South, these are:
- From Dénia to Benissa
- From Calpe to Villajoyosa
- From El Campello to Santa Pola
- From Guardamar del Segura to Pilar de la Horadada
From Dénia to Benissa
This strech of coast includes the following municipalities: Dénia, Els Poblets, Jávea, Benitachell, Moraira (Teulada) and Benissa.
In general the rental and holiday market situation is clearly picking up in Dénia, Jávea, Moraira (Teulada), and Benissa. While in Benitachell recovery is still slow and in Els Poblets the situation remains at a standstill.
Selling prices from Dénia to Benissa
Prices are clearly rising. There is a general upward trend has compared to previous years, with exception of Els Poblets and Benitachell were prices remain more or less equual and do not follow this rising trend. Everything indicates that the growth trend will intensify, since new there are a few new estate projects being built and most of these have already been sold off plan.
Here are two examples of average property prices on first line locations:
3 bedroom houses, between 80-120 m2. Some built in the 80s and other of more recent built.
The property market from Dénia to Benissa
Sales have increased significantly in terms of new built property compared to the previous years.
There are a few new apartment blocks being built in Dénia and Jávea. In Benissa and Moraira it is mainly detached houses and villas that are being built instead.
In Dénia and Jávea the most popular homes being built are properties in closed urbanizations of high and average quality, of 2 or 3 bedrooms with a built area of between 89 and 110 m2.
In Moraira and Benissa the houses thar are being built are bigger and most are detached villas of high quality and with a average surface of 300 m2 in plots of 800-1000 m2.
Where do buyers for property in Dénia to Benissa come from?
Local buyers from the area and from Madrid are the most commom buyers, however there are many foreign buyers from the UK, Germany, Russia, Scandinavian countries, Belgium, France and Holland.
From Calpe to Villajoyosa
This area includes the municipalities of Calpe, Altea, L'Alfàs del Pi, Benidorm, Finestrat and Villajoyosa.
There are clear signs of recovery. All the villages in this area have seen price increases in comparison to previous years with the exception of Finestrat.
The driving force behind the price growth trend in this area are foreign buyers, which are the biggest property buying group in this area.
The property market from Calpe to Villajoyosa
The best selling property types are medium to high standard 2 bedrooms apartments in closed communities.
There is a good balance between properties for sale and rent, nevertheless, in Benidorm, the rental market is much more present than the selling market.
The good news is that some newly built developments that were paralyzed in Finestrat have been reactivated. There are also new developments being built in Calpe and Alfaz del Pí and to a lesser extent in Villajoyosa. These newly built properties are usually community blocks of a maximum of 100 units having 2-3 bedrooms (80 to 105 m2 built).
Where do buyers for property in Calpe to Villajoyosa come from?
Buyers are mainly foreigners, especially in Benidorm. The majority of the buyers are English, Russian and Eastern European.
From El Campello to Santa PolaThis stretch of coast includes de municipalities of El Campello, Alicante, Elche and Santa Pola.
The property market from El Campello to Santa Pola
Just as the other areas of the Costa Blanca we clearly see in this area signs of recovery. The situation has improved mainly in Los Arenales, La Marina (Elche) and in Gran Alacant (Santa Pola) with a large number of newbuilt developments underway.
The holiday market of El Campello is practically concentrated on the Muchavista Beach which is almost completely clogged.
The forecast is that the market will continue to recover since many new projects are being built in Los Arenas and Gran Alacant which are currently in high demand.
Here a couple examples of average price for beachfront properties in the most expensive areas:
There are many properties being offered as permanent residences in Gran Alacant, since its close to the city of Elche.
Overall property sales have increased drastically compared to previous years and many new building projects are being built and meeting the construction deadlines.
New housing projects have also been started in Los Arenales, El Campello, as well as in La Marina, with hundreds of homes under construction. In the first line of Cabo de las Huertas, in Alicante, a luxury promotion is underway.
The most popular properties being offered are apartments of 2-3 bedrooms with a surface of between 80 and 105 m2 built.
Where do buyers for property in El Campello to Santa Pola come from?There is an even mix of local and foreign buyers. Los Arenales, however, is more oriented towards the international buyer while in locations closer to Elche the most predominant buyers come from Madrid. Top foreigners buyers are Eastern Europeans and Russians.
From Guardamar del Segura to Pilar de la Horadada
The municipalities of this area include Guardamar del Segura, Torrevieja, Orihuela and Pilar de la Horadada.
The property market from Guardamar del Segura to Pilar de la Horadada
Theare are signs of recovery in Guardamar del Segura and Torrevieja, however, the recovery is most prominent in Orihuela Costa and Pilar de la Horadada.
Prices are more or less stable in this area, nevertheless, in some areas where building quality is low there seems to be a slight decrease in property prices but overall prices are on the rise.
Prices have stabilized in Guardamar del Segura and in Torrevieja. This trend will continue this year with slight price increases when it comes to larger properties such as townhouses and villas especially in Guardamar and in prime locations of Torrevieja. Orihuela Costa and Pilar de la Horadada show an overall positive price increase trend.
Here 2 examples of average prices for beachfront properties in the most expensive areas:
The properties that sell better are townhouses of about 100 m2 in Guardamar and Torrevieja, Orihuela and Pilar de la Horadada.
Torrevieja, Orihuela Costa and Guardamar are the villages that have the most active and pending building permits on the whole Costa Blanca area since offering is mainly second hand.
Orihuela and Pilar de la Horadada also share a leading role when it comes to issuing new building licenses.
Where do buyers for property in Guardamar del Segura to Pilar de la Horadada come from?
Demand is equally distributed among domestic and foreign buyers in Torrevieja and Pilar de la Horadada, while foreign demand has a greater role in Orihuela and Guardamar del Segura. Foreigners are the main buyers of townhouses in Torrevieja.
National buyers mainly comes from Madrid, Castilla-La Mancha and Castilla y León. Basque citizens are also present in Torrevieja and Orihuela. With regards to foreigners demand, it is mainly Russians, Scandinavians, Belgians and English that are the most common property buyers.
What are the costs of buying and selling a property in the Costa Blanca
Generally speaking when buying a property in the Costa Blanca you will end up paying around 12% more than what you actually bought it for.
When selling a property the costs and taxes depend on the seller's situation and the profit or loss made when selling the property.
Here are the costs for buying an selling property in the Costa Blanca:
- Notary fees
(between 600-1000 euros)
- Property registry costs
- Gestoría costs
(between 250-500 euros)
- Property Transfer Tax
- Property valuation costs
(only if a bank mortgage is needed normally around 800 euros)
- For newly built properties
- IVA or VAT
(0.1% - 1.5%)
- Agency commission
- Capital gains tax
(variable 19%,21%,23% for 2019)
- Income Tax Provision (Retención)
(3% non-residents only)
- Energy certificate
(between 100-500 euros)
Do’s and Don’ts for buying a property in the Costa Blanca
Do: Consider buying in lesser-known villages and neighborhoods—It may surprise you that prices are much lower.
Don't: Buy a property without finding out what the block is like—Find out what the monthly expenses are if there are any major future planned renovations.
Do: Bargain. Asking prices and actual selling prices can differ quite a bit. Try to find out what others paid for similar properties in the same block or area.
Don't: Rush into buying a property just because it is a good deal. Find out how long it has been for sale. Bear in mind that last year the average time to sell in the Costa Blanca was 9.7 months.
Do: Ask about the commission percentage when using an agent. It is the seller that usually pays for the commission in Spain, but strangely enough, in some parts Valencian Community, which the Costa Blanca is part of, the commission is sometimes partially paid by the buyer.
Where to find bank repossessed property for sale in the Costa Blanca?
There are thousands of estate agents and owners offering their properties for sale in the Costa Blanca. However, there are not so many banks repossesses properties being offered online since the crisis years have passed.
Nevertheless, there are numerous banks that offer repossessed properties in the Costa Blanca, but you need to know where to find them.
Not all bank repossessed property in the Costa Blanca is found online. Bank managers and personnel are the first ones to know when a property is about to get repossessed and therefore it is wise for them to alert you before the repossessed property is published online.
Buying a house from the bank can have advantages like having a lower mortgage rate or have a selling price under the market value, but can also have its drawbacks, since often times the repossessed property is in a bad state.
Check out our bank repossessions page for more in-depth information and to view the list of all major banks and portals offering repossessed properties.
|AVERAGE PROPERTY PRICES 2019 €/m²|
|Villajoyosa/Vila Joiosa (la)||1286 €/m²|
|Guardamar del Segura||1300 €/m²|
|Pilar de la Horadada||1310 €/m²|
|Santa Pola||1360 €/m²|
|Els poblets||1520 €/m²|
|Campello (el)||1535 €/m²|
|Alfàs del Pi||1550 €/m²|
|Orihuela Costa||1765 €/m²|
|Moraira (Teulada)||2710 €/m²|
|source: tinsa & idealista|
|MOST BEAUTIFUL VILLAGES IN THE REGION|
|Banyeres de mariola|
SEND US YOUR SUGGESTIONS