New build property are extremely popular as a new purchase for many reasons.
Now is still a good time in the property market cycle to buy a permanent living residence or holiday home in Spain.
Spain is the world’s third most popular tourism destination, surpassed only by France and the USA, which makes it an obvious and attractive destination to invest in property. The popularity of the Spanish tourism market, coupled with low prices for quality properties, makes Spain one of the most viable destinations to invest in.
The community of Valencia which is home to the Costa Blanca, and particularly the coastal region of the Costa Blanca is a popular tourist region. It’s an ideal family-friendly destination with miles of sandy blue flag beaches and plenty of activities for holidaymakers, including water parks, golf and a wonderful countryside to explore.
Valencia, was hugely popular with overseas buyers as well, accounting for 27.6% of the sales. This is the most by any single region in Spain. Costa Blanca has a perfect Mediterranean climate, great cuisine and a large expat community. There are several international schools here, which makes it a perfect overseas property hot spot. Costa Blanca South also attracts all-year-around tourists who come for sun, golf and half-term/summer break holidays.
Prices are still low in the region so you will find many of the bargains available to snatch up so if you are planning a permanent residence, or buy to rent – holiday rentals are always popular in the La Marina area, due to the large number of holiday apartments and villas in the area. A decent property can be fully booked throughout the high season and an owner can earn a similar amount to a long term let for this period alone. If you can find a property at the right price, you will make some stable money in the rental market here.