Real Estate Trends in Costa Blanca in 2024

Costa Blanca is one of the most attractive regions in Spain for investors and property buyers. Known for its beautiful beaches, excellent climate, and high quality of life, this part of the Spanish coast attracts both foreign buyers and local investors. What are the key trends in the real estate market in Costa Blanca in 2024? Check out the latest forecasts to learn how this market is developing and what can be expected in the coming year.

1. Increased Interest in Luxury Properties

In 2024, there is a growing interest in luxury properties in Costa Blanca. Foreign investors, particularly from Scandinavian countries, Germany, the United Kingdom, and France, are looking for luxury villas with sea views that offer a high standard of living and access to private amenities such as pools, gardens, and remote workspaces. Due to attractive prices compared to other regions in Europe, Costa Blanca remains competitive for those seeking a second home in a sunny climate.

What drives this trend?

Political and economic stability in Spain, which provides a safe environment for investment.
The rise in popularity of remote work, allowing buyers to live in luxury homes year-round.
Luxury development projects that offer modern amenities, such as gated communities, spas, or access to exclusive beach clubs.

2. Increased Demand for Tourist Apartments

In 2024, Costa Blanca maintains its position as one of the most popular tourist destinations in Spain. This leads to an increase in demand for tourist apartments intended for short-term rental. Investors looking for stable sources of passive income are increasingly opting to purchase properties intended for tourist rental.

Why invest in tourist apartments?

Year-round tourist traffic: Costa Blanca attracts tourists not only in the summer season but also in winter, ensuring a steady demand for rentals.
Attractive returns: Investments in short-term rentals often yield higher income than long-term rentals.
Dynamic growth of short-term rental platforms such as Airbnb and Booking.com, which facilitate the management of tourist properties.

3. Sustainable Construction and Eco-Friendly Investments

Sustainable development and ecology are playing an increasingly important role in the Spanish real estate market, and Costa Blanca is no exception. In 2024, there is a rise in investments in modern, energy-efficient buildings that utilize renewable energy sources such as solar panels and rainwater harvesting systems. Buyers, especially from Western European countries, are increasingly seeking eco-friendly properties that not only reduce operating costs but also contribute to environmental protection.

What do eco-friendly properties offer?

Lower energy bills through the use of solar and geothermal energy.
Smart energy management systems that optimize electricity and water consumption.
Buildings with energy certificates that confirm their ecological standards.

4. Rising Property Prices

Property prices in Costa Blanca in 2024 continue to trend upward, although the growth rate is more moderate than in previous years. However, there remains a significant price difference depending on the location – properties in cities like Alicante, Benidorm, or Torrevieja are more expensive, while lesser-known towns offer more affordable prices.

What are the main factors driving price increases?

High demand for luxury properties and tourist apartments.
Limited availability of land in attractive locations, which drives up the prices of new properties.
Infrastructure investments, such as road upgrades and public transport development, which increase the value of surrounding areas.

5. Modern Residential Complexes and Apartment Buildings

In response to rising demand, developers in Costa Blanca are focusing on building modern residential complexes that offer not only high-quality apartments but also a variety of amenities. In 2024, the number of development projects is increasing, including shared pools, gyms, spas, coworking spaces, and social meeting areas.

Why do buyers choose modern complexes?

High standard of living with access to various amenities without having to leave the community.
Security and privacy provided by gated communities with security.
Location near beaches, restaurants, and entertainment centers, making them attractive to tourists and residents alike.

6. Investments in Building Land

In 2024, there is also increasing interest in investments in building land. For investors planning long-term gains, purchasing land in Costa Blanca is becoming an increasingly popular choice. The region offers many opportunities for future development, especially in areas located a bit further from the main cities, where land prices are still affordable.

What should you know about investments in land?

Potential for high returns on investment upon future resale or construction.
Infrastructure development in the region contributes to the increase in land value.
Growing demand for new residential investments, which increases the value of building land.

Summary

The year 2024 promises to be dynamic for the real estate market in Costa Blanca. The growing interest in luxury villas, tourist apartments, and sustainable construction shows that this region remains attractive for both investors and those looking for a second home. Despite rising prices, Costa Blanca still offers competitive conditions compared to other popular destinations in Europe. Whether you are planning short-term or long-term investments, this region offers a variety of opportunities in the real estate market.