Costa Blanca, Alicante, is an attractive destination for real estate investment with a sustainable and high-quality property offer, sunny climate, stunning natural beauty, rich history, delicious cuisine, and high profitability. Despite the 2007 real estate crisis, the sector has experienced a positive transformation in the last decade. The Spanish residential market is one of the most renewed in Europe, with prices 20% below their 2007 highs and sustainable forecasted GDP growth.
At Myrentalia Homes, we offer a personalized real estate consulting service to optimize your real estate investment on the Costa Blanca.
The Costa Blanca (Alicante) is one of the most attractive places in the world for your real estate investment, and I will try to objectively justify it to you.
We have a sustainable and high-quality real estate offer, a warm and sunny climate, stunning natural beauty, a rich history, delicious cuisine, safety, first-rate infrastructure and healthcare services, as well as high long-term profitability both in renting and revaluation. In addition, the Spanish coast is the top destination for foreign home buyers, with Alicante ranking first in the list of most demanded destinations.
Although the 2007 real estate and financial crisis severely impacted the Spanish market, the sector has learned from its mistakes and undergone significant transformation in the last decade. Promoters and governments have adopted policies to avoid past excesses, which has led to sustainable market growth based on fundamentals. Currently, the Spanish residential market is one of the most renewed in Europe, with housing prices 20% below their 2007 highs, household debt lower than in Germany, and a GDP growth forecast for 2023-2024 above that of most eurozone countries.
Significant changes have also been made throughout the real estate sector, banks, promoters, and individual families. Where there used to be 62 Spanish banks, there are now 10, and where construction oversupply was endemic, there is now a shortage of supply. Household credit is more qualified and balanced.
These changes, combined with the solid solvency levels of major residential developers in this new cycle, have improved the overall health of the sector. Don't miss the opportunity to invest in a booming real estate market on the beautiful Spanish coast!
At Myrentalia Homes, we offer a professional and personalized real estate consultancy service to locate, optimize, and maintain your real estate investment on the Costa Blanca.