The brick’s rebirth has has been higher in some places more than in others. In the Valencian Community the differences are remarkable. The most expensive houses in the province of Alicante, in Benidorm or in Alicante City, contrast with the cheapest in the city of Castellón.
Even when lands were not worth anything, or so it was said, after the housing bubble, in some places of Alicante, we could not get to apply that saying. Luxury homes on Altea’s beach or on Paseo Explanada de España in Alicante have never lowered the prices too much.
The province of Alicante has a really surprising sale of apartments. In fact, together with Barcelona and Madrid, it is precisely Alicante the province that has a remarkable recovery in the peninsula.
The location, a key factor in the most expensive houses in the province of Alicante
When we calculate the value of a property we have to look at several aspects. To find the most expensive houses in the province of Alicante, a key factor is the location.In this way, it will not be the same to buy a house with the same conditions in Playa de San Juan as in Benidorm.
Location is the most important factor in determining the price of a dwelling. The area’s demand, the population density in that place or this sector’s development, are qualities that will influence the final price.
Of course, in addition to the location, other factors influence. Surface, functionality, views, services or facilities are other elements that will determine a more or less expensive price in a specific house.
Regarding the location, we find the most expensive houses in the province in places like Benidorm, Levante beach or in the old town.In the city of Alicante, living in Paseo Explanada de España has also a very high price. It has reached 4,000 euros per square meter. Another place that can be considered luxury in this city is living in San Juan beach.
Foreign investment, key for the most expensive houses in Alicante’s demand
If we talk about houses that have not been affected by the collapse of prices during the bursting of the housing bubble, we can not forget about foreign investors.
Beach places are preferred by tourists who decide to buy a house in Spain. The Costa Blanca, with its transparent water beaches and white villages, attracts a large number of foreigners who wish to acquire property in these places.
The Mediterranean climate is difficult to resist, in addition to its customs and its cuisine. Places like Altea, Jávea or Moraira have plenty of services in their own language, which also make them feel at home.
Among foreign buyers, Germans, French and English lead the list of home buyers. Only in the past year, 53,495 homes were sold to foreign buyers in Spain. Most of them on the beach and second hand.
Foreign investment in real estate, which is more dynamic than ever, has favored the brick’s rebirth. It has also allowed many owners to hang the poster of “sold”. They are people who acquire their second home to come on vacation, who live a long season or choose to retire enjoying the beaches of Alicante.
Living on the Costa Blanca is a luxury that, no matter how far it is form home, some do not let escape.
