2007
saw a slowdown in the Costa Blanca Property
market which reflects the trend across Europe in
general. Property
on the Costa Blanca has risen every year since 1998.
Past years have seen price rises of around 20% but
this dropped to only 5% in 2007 reflecting the
market slowdown. The price of
land in the Alicante province has increased by 9.3
percent over the last 12-months.
Recent
stats for the Alicante region have shown that there
are only 34 km of coastline that have not been
built. The region has 476 km of coastline and with
120 km categorised under protected land and 322 km
already built on this leaves only 34 km currently
available for building.
The
Costa Blanca tourism industry also continues to grow
and it is expected annual numbers will grow to
20-million visitors to southern Spain by the next
5-years. It is no coincidence that tourism and
property buying are both on the increase. With more
and more people coming back to the region year after
and year and some staying for the long winter months
it makes economical sense to own your own property
on the Costa Blanca.
Property prices are still very much affordable with
new building developments on the southern Costa
Blanca starting at only 125,000 Euros. Northern Cost
Blanca is slightly more expensive though you can
still get your foot on the Costa Blanca Property
ladder in this region from only 150,000 Euros.
You
can get some great bargains with resales on the
Costa Blanca with prices starting from as little as
90,000 Euros for a 1-2 bedroom property on a secure
complex.
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Golf
courses remain popular such as Villamartin
and Polaris World which has been heavily
advertised on European television
commercials. With Jack Nicklaus behind the
Golf course designs and luxury property
available the property investors and private
buyers have been purchasing steadily for the
last 12-months.
Nearer the sea
on the Southern Costa Blanca you will find
luxury apartment developments such as
Seniorio de Punta Prima. With Panorama Park
and La Entrada developments now sold out the
next phase is La Recoleta which is should be
completed in 2007. In the North where
property prices are a little higher you have
the luxury La Sella Golf development
properties available. |
