Spain is among the top 10 countries with a high return on each euro invested in real estate.
Depending on the region and type of immovable property, potential returns can amount to 7.5% -10% per annum on invested funds on rental properties in touristically developed areas.
If you are looking for the best investment options, buying real estate in Costa Blanca is precisely what you need. Lenovaz real estate agency has more than ten years of experience in the real estate market in Costa Blanca. We will help you find the most profitable options for residential and non-residential properties in the area.
The Advantages of Investing in Real Estate in Costa Blanca
To become an investor in Costa Blanca, you do not need a million-dollar capital. To buy a small apartment amounting to 100,000 euros is sufficient. For that money, you can buy a flat, apartment, or a couple of small studios for rent.
Costa Blanca is a developed tourist destination. It has the most significant number of sunny days a year, well-developed infrastructure, the clean Mediterranean Sea, delicious food, and entertainment. All this attracts crowds of tourists from around the world looking for short-term rentals in Costa Blanca or for a long time.
The peak tourist season is from April to the end of October. This is the period of highest earnings on real estate if the accommodation is rented by the day.
People who come to Spain for work or life also seek property to rent near the sea. The Spanish prefer to rent a house for the long term without bothering to buy it. To buy property in Spain to rent is a great idea!
Relatively low prices in Spain compared to Mediterranean coast prices in other countries allow buying a property with a small budget. Buying real estate in Spain is relatively easy for a foreigner; it simplifies investing in seaside housing.
Another advantage of investing in real estate in Costa Blanca is the rapid development of small towns and suburbs. Over the past ten years, the region has gone from ordinary small villages to comfortable and fashionable areas for foreign visitors and locals. Those who invested in real estate in Spain 10 years ago today reap the benefits of their foresight. The value of real estate has grown dozens of times.
All the promising areas to be developed can be seen in the master plan for the development of that or another city or region. This information makes it possible to plan investments in real estate: the purchase of housing or land. We prompt the areas which, in the next few years, can significantly increase in value.
In addition, owning a property in Spain can count on obtaining a residence permit. Any foreigner who acquired a home can get a residence permit in Spain. And having bought a property for more than 500,000 euros, you can obtain a Golden Visa in Spain, which will allow you to freely stay in the country for up to 1 year and the ability to enter and leave at any time convenient to you.
Types of Immovable Property Available for Investment in Spain
This country has no restrictions on the type of real estate for investment. Buying property in Spain for investment is the usual practice. If we consider the Costa Blanca region as a potential place to invest money, we can offer you the following:
In addition, you can consider investing in the construction of new properties and renovation of illiquid real estate.
If you are interested in investing in real estate on the Costa Blanca in Spain, leave your request for consultation or contact us via Live Chat or Messenger, which is convenient for communication. We will answer all your questions and offer options for investment depending on your budget. We also manage assets, so once you have a property in Costa Blanca, you can trust us to rent it.
Services You Will Need After Investing in Real Estate in Spain