Vacation home in Spain, a smart investment? 24 Aug 2022

Coastal areas such as the Costa Blanca are, without a doubt, the preferred destinations in Spain to invest and to obtain profit from the purchase of second homes.

The National Institute of Statistics (INE) indicates that, on average, a quarter of Europeans have a second residence, in most cases for holiday leisure. And in Spain, 22% of the owners in Spain have two or more houses; being the 18% for the owner of two houses and 4%; three houses or more.

Spain is a tourist destination of reference, which despite having new and many new and cheaper competitors such as Turkey, is still one of the most visited countries in the world. And these tourists who come on vacation to Spain are potential home buyers who come first attracted by the climate, the geography, the offer and when they know the prices of the real estate market, they become investors.

There is an increase in the demand for homes in Costa Blanca after the Covid-19 pandemic.

Investments in second homes by national and foreign tourists have increased because Covid-19 has brought many changes in people's lives and in their preferences when it comes to investing their savings. Which is good news, since the pandemic has caused many losses in the real estate sector, due to the stop in the influx of tourists in Spain but in turn;

The demands and needs of buyers of second homes in Spain are increasing.

A clear example of the consequences of Covid-19 on the Spanish real estate market is that second homes have become the main property, which is why the demands of buyers have increased on the Costa Blanca.

Something good that Covid-19 has left us is the option of working remotely. So many homeowners can now afford to live in their vacation home. And it is that the tastes of buyers have changed and now home buyers are looking for: more nature and more space and green areas in their homes.

The fact that the trend in the market for buying and selling homes on the coast of Spain is on the rise also affects the growth of coastal cities and towns, which is why it becomes an opportunity for investors in commercial premises, since there is a direct increase of the demand for professional, business, transport, health, education, leisure and free time services, etc.

The Costa Blanca is a benchmark lifestyle destination, with a strong and diverse community, where the community for English culture stands out.

If you are thinking of buying a home or a business property on the Costa Blanca, it is important to invest in the most intelligent, efficient and, above all, effective way, since a real estate investment can generate a great benefit if it is done correctly, but if steps are taken lightly and wrong choices are made, that can cause you a lot of losses. For that, choose a quality real estate agency, which has an excellent real estate investment advisory team.

Come to Guardamar del Segura and visit our real estate agency Naranja Spain, we are a real estate agency with a long history and a good reputation in the sale of properties on the Costa Blanca.

We are looking forward to learning about your project so we can work together with you to find the perfect real estate investment that meets all your needs. Contact us here.