Alicante’s Property Guide
In the South eastern corner of Spain between Murcia and Valencia, is a province called as Alicante. Called as the ‘California of Europe’, this part of the Spanish coastline became known as ‘White Coast’ or Costa Blanca because it is 200 kilometers of pristine sandy beaches that have crystal clear waters.
Prior to the tourist boom, the area of Alicante was comprised mainly of citrus, wine farms and fishing villages. On the other hand, all that changed as the first air routes to the Valencia region opened up in the year 1957. In the present times, Alicante is considered to be a tourist mecca with high-class infrastructure along with leisure facilities, receiving more than 5 million visitors/tourists yearly, making it an amazing place to invest in holiday renting properties.
Already quite populous with more than 2 million permanent inhabitants, Alicante has over the years become home to a booming community of overseas retirees along with lifestyle immigrants, many of them are German or British and are mostly attracted by the healthy Mediterranean climate, fresh local seafood, unspoilt beauty of the rocky, lush coastline as well as the natural salt marshes. Presently, English happens to be the second most commonly spoken language in the area after the native Valenciano.
Traditionally the area is divided into a more affluent north and less well-heeled south, as with the property boom in Spain, such kind of demographics have become quite meaningless. All along the Costa Blanca, you will surely find spacious villas, luxury beach resorts and contemporary housing developments, along with the marinas filled yachts.
Although the province has not lost all of its original charm, there are still historical architecture and ancient churches, quaint Mediterranean villages that have charming cobbled streets, and the old quarters of several towns like Javea and Altea continue to act as the key draw cards for their historical worthy and the café culture by day, and their bars and restaurants by night.
The capital, Alicante, happens to be a genteel city with an international airport, which is the prime point of access to the province along with several historical buildings, parks, tree-lined boulevards, eye-catching harbor with marina and palm-fringed beach. Some other places that are worth mentioning include Benidorm, which is the tourist capital of Costa Blanca with pleasant micro-climate and first class entertainment and leisure facilities; Torrevieja with its amazing bird sanctuary and golf courses in the natural salt marshes nearby; and Javea – a luxuriant enclave of elite cliffside villas.
The property market in Alicante are usually 3 percent higher compared to what the Spanish national average is, however people can still obtain great value for money if they do some homework. Presently, the real estate market in Alicante tend to focus around the major tourist attractions where the holiday rental yields are still vigorous, even though bargains can still be found in the less-crowded outskirts.
Second home retirees and buyers tend to prefer less crowded, quieter or developed areas like Javea, Denia and Benitachell. Nevertheless, this less commercialized aspect has started to take on a specific cache, so that property market here is not as cheap as you might anticipate.
Still, although, for lifestyle, healthy and a great quality of life, the Costa Blanca is hard to beat and the property in Alicante is certainly well worth considering.