5 keys to invest on Costa Blanca real estate
Costa Blanca is one of the most attractive areas of Spain to live, visit and also make real estate investments. The positive numbers in profitability are some of the reasons why it is a good idea to invest in real estate in this area.
House Prices
All economic indicators suggest that now is a good time to invest in real estate. The first reason is because the price of properties has grown for the second year in a row and the forecast is that it will continue growing in the coming years up to 2020 in figures around 3.5% this year, 4.4% in 2018 and 4.5% in 2019 and also due to the low profitability of financial products such as deposits and fixed investments making the real estate market real attractive to investors.
More profitability than in the rest of Spain
House prices are increasing but still are very attractive for those who invest in the real estate market. When we evaluate the possibility of investing it is always important to analyze the profitability that in the case of Costa Blanca translates into a rate of return in goodwill of between 7% and 8%, which shows that buying a property on Costa Blanca is not a hasty decision, actually is an excellent business that will pay off in a very short time.
Major Potential of Revaluation
The houses in the north of Costa Blanca have a greater potential to revalue over the years. This is a more residential area so the buyer’s market is much bigger; not only for those seeking a second house but also for foreigners who seeks to settle on Costa Blanca that always opt for the purchase.
Buy to Let
The tourist rental is a fast and very effective way to recover the investment made on the purchase of a real estate property and to go a step further obtaining benefits in a short time. During the summer months the entire area of Costa Blanca has a great demand but its good weather and life quality makes it a perfect touristic destination for the whole year. According to a study conducted by the Idealista portal, the performance of this type of operation has increased by 7.3% in the second quarter of 2017.
Finding Foreign Investors
65% of houses for second residence sold in Spain have a foreign buyer. Spain has a legal framework designed precisely for these investors; Spanish regulations have liberalized these rules without distinguishing between EU residents and non-EU residents. One of the most important measures is the one that allows obtaining a stay or residence visa for foreigners who acquire a property above 500,000€.
These are the main reasons to acquire an apartment, villa or plot on Costa Blanca. Property Consulting is a real estate agency in Dénia with a wide range of apartments, villas and plots for sale in Dénia, Jávea, Calpe, Altea … We have a multilingual team that will advise and guide you throughout the search and purchase process.
