The Spanish Real Estate Boom: Market Thriving Like Never Before!

Discover Why Costa Blanca is a Magnet for International Real Estate Buyers

The Spanish real estate market is flourishing, and Costa Blanca is one of the most coveted regions for international property buyers. According to recent data, over 24,741 real estate transactions in Spain during the third quarter of 2024 were carried out by foreign nationals, with a significant focus on Alicante, a region known for its Mediterranean lifestyle, stunning scenery, and attractive property market.

Why International Buyers Choose Costa Blanca

Costa Blanca has cemented its reputation as a go-to destination for international property buyers. From luxury villas to charming townhouses, the region caters to a broad spectrum of tastes and budgets. Key drivers include:

1. Perfect Climate and Lifestyle: Known for its 320 days of sunshine a year, Costa Blanca offers an unmatched quality of life with scenic beaches, diverse gastronomy, and a laid-back Mediterranean vibe.
2. Accessibility: Alicante-Elche Airport connects the area with major European cities, making it a hub for second-home buyers from countries like the UK, Germany, and France.
3. Property Variety: Costa Blanca provides options for all buyers—from high-end luxury properties in Altea and Jávea to more affordable homes in towns like Torrevieja and Guardamar del Segura.

Market Trends and Insights

Foreign buyers are increasingly pivotal in Costa Blanca’s real estate market. Here are some key highlights:

• International Influence: British buyers continue to dominate the market, followed by German, Dutch, Belgian, and French nationals. Interestingly, the number of American and Canadian buyers has surged, reflecting broader international interest in Alicante.
• Rising Property Values: In 2024, Alicante recorded a 9% year-over-year price increase, indicating strong demand. Non-resident foreign buyers often pay more, with prices for premium properties averaging €2,175 per square meter—37.6% higher than those paid by domestic buyers.
• Luxury Market Growth: Towns like Altea, Calpe, Moraira and Finestrat are known for their upscale properties, with panoramic sea views and modern amenities, making them hot spots for affluent buyers.

Future Prospects for Costa Blanca

Costa Blanca’s property market shows no signs of slowing down. With its appeal to both lifestyle buyers and investors, the region is expected to see sustained demand. For sellers, this is a prime moment to list properties, while buyers have an opportunity to secure homes before prices rise further.

Whether you’re seeking a dream vacation home, planning a permanent move, or investing in a booming market, Alicante province offers unparalleled opportunities in Spain’s real estate landscape.