Altea: Spain’s house prices are rising: bargains still possible outside the conurbations

26.8.18, CH: According to a recent study, real estate prices and prices for residential properties in mainland Spain rose by around 8 percent in 2017 compared to the previous year. A further increase of up to 10 % is also expected in some regions this year. However, if you are considering buying a holiday home in Spain, you should not underestimate the size of the country or the diversity of its regions. The main price increases were recorded in the metropolitan areas such as Madrid, Barcelona and San Sebastian, but also in the tourist hotspots Costa del Sol and Costa Brava.

Especially in the holiday regions, prices are strongly influenced by foreign buyers from all over Europe who want to create a second home here. But even though Spain’s economy and real estate market has recovered since long and this is also noticeable in the prices, bargains can still be made in many regions and real dream houses can be found at an attractive price-performance ratio. People who are looking for a second home in the south are particularly looking for the proximity to the sea as well as an intact historical city centre with its traditional liveliness, which many visitors to Spain are looking for. The surrounding infrastructure and easy accessibility via airports also plays an important role if the second home in the south is to be served several times a year. Altea on the Costa Blanca is a place that combines these factors in a wonderful way.
The small town is manageable enough to enjoy peace and quiet away from the hustle and bustle, but large enough to offer all the amenities of modern life. Alicante Airport serves the international mobility needs of the region. Nevertheless, prices in the coastal town are still at a moderate level, so it is worth investing here. Holiday homes and apartments are available in different sizes, equipment and price classes.