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The Costa Blanca, located in the province of Alicante, has established itself as one of the most attractive regions for property investment in Spain. With more than 200 kilometres of coastline, this Mediterranean paradise not only attracts tourists for its sunny climate and beaches, but also offers solid opportunities for those looking to invest in property and buy a home to enjoy the quality of life in the area.
But what are the 5 best areas on the Costa Blanca to start that new life?
How is the property market on the Costa Blanca?
The real estate market on the Costa Blanca has experienced a remarkable growth in recent years. According to data from Tinsa, Spain’s leading appraiser, house prices on the Costa Blanca have risen by 6.8% in 2023 compared to the previous year. This sustained growth is due to a number of factors, including demand from international buyers, the expansion of infrastructure and the area’s tourist appeal.
The best places to live on the Costa Blanca
Dolores
Dolores is a hidden gem in the interior of the Vega Baja, just 15 minutes drive from the beaches of Guardamar and Torrevieja. This small town, with a population of around 7,500 inhabitants, offers very competitive prices compared to other more touristy towns on the Costa Blanca. According to the most recent data, the average price of a property in Dolores is around 1,100 euros per square metre.
This area is especially attractive for those looking for plots of land or plots of many square metres. For this reason, it is common to see urbanisations, townhouses and country houses being built.
Pilar de la Horadada
Located at the southernmost tip of the province of Alicante, Pilar de la Horadada has become one of the most promising areas on the Costa Blanca. With a growing population of over 23,000 inhabitants, this town is ideal for those looking for an environment with direct access to the sea and a complete infrastructure of services, from shopping centres to sports facilities.
Data from Idealista reveals that the average price of a property in Pilar de la Horadada is 1,600 euros per square metre, which represents an increase of 4.3% over the last two years.
Torrevieja
Torrevieja is one of the best known cities on the Costa Blanca, not only for its stunning beaches, but also for its salt lagoon, which has made the city a reference in health and wellness. With a population of over 80,000 inhabitants, which in summer exceeds 200,000 due to tourism, Torrevieja offers a wide variety of real estate options, from holiday flats to luxury villas.
The average price of a property in Torrevieja is 1,800 euros per square metre, according to data from Fotocasa, which makes it an attractive option both for those looking for a permanent residence and for those interested in holiday rentals.
Orihuela Costa
Orihuela Costa is an area that encompasses several urban centres, including Playa Flamenca, La Zenia and Cabo Roig, all of which are very popular with foreign buyers, especially British, German and Scandinavian. The real estate on offer here is diverse, with an average price per square metre of 2,200 euros, according to data from Idealista.
One of the great attractions of Orihuela Costa is its proximity to internationally renowned golf courses, such as Villamartin Golf Club and Las Colinas Golf & Country Club.
Altea
If you are looking for a more exclusive investment, Altea is the perfect place. Known for its old town with whitewashed houses, cobbled streets and an impressive blue-domed church, Altea stands out as one of the most beautiful towns on the Costa Blanca. In addition, its spectacular views of the Mediterranean Sea and its marina attract high net worth buyers.
The average price of a property in Altea is around 3,400 euros per square metre, making it one of the most expensive areas on the Costa Blanca. However, this high cost is justified by the quality of the properties and the exclusive surroundings.
Urbanisations such as Altea Hills are particularly sought after by those seeking privacy and luxury, and have seen a 7.5% increase in property values in the last three years.
Investing on the Costa Blanca is still a safe and profitable option. What is your favourite area to live on the Costa Blanca?
