What are the average prices in the areas we sell property?
South of Alicante, the lively resort of Torrevieja reportedly boasts the highest proportion of British expats in Spain, and it is highly popular for rentals, according to (HomeAway. co.uk). That is because it has got a lot to offer: two salt-water lagoons, five golf courses nearby, Blue Flag beaches, thriving outdoor markets, family friendly facilities and plenty of nightlife. What?s more you can get a two-bed bungalow for around 60,000GBP. Around Torrevieja the locations of Benijofar, Los Montesinos, Cuidad Quesada, La Marina and Guardamar del Segura attract interest and offer some affordable and cutting edge new build properties.
Another area currently very popular is that of Orihuela Costa (this is where we have our main office) south of Torrevieja, down to round Los Altos Punta Prima, Playa Flamenca, La Zenia to Campoamor, offering a large selection of affordable property, new and old. Whilst the Orihuela Costa Resort Complex offers top sporting facilities, the La Zenia Boulevard is a massive shopping mall offering top European styles as well as restaurants, and tapas bars.
3km Inland, Villamartin is very popular with its prestigious Club de Golf Villamartin, The Campomoar Golf, Las Ramblas Golf, as well as Las Colinas Golf, where there are quality restaurants and shops offered in many Plazas. Not surprisingly there is a vibrant international community of owners and expats where demand for property remains strong. Two-bed townhouses cost from around 80,000 GBP whilst three bed villas start at around 150k GBP. At the nearby gated residential community of Los Dolses, prices are a little higher. For those who want bespoke you have Las Colinas Golf where properties start from 300K GBP upwards to millions!
The three coastal hotspots of Playa Flamenca, La Zenia and Cabo Roig are all handy for both Murcia and Alicante airports (less than 45 minutes) and offer many two and even three bed apartments around the 90k-100k GBP mark.
Inland a little, are the villages of Algorfa, San Miguel de Salinas and Almoradi, popular with expats, comparable properties might be 75k-85,000 GBP
Further South ( an extra 10 minutes by car ) Situated in the hottest and driest corner of Spain, Murcia is a region that is more affordable and less developed than the Costa del Sol. Sandwiched between the southern Costa Blanca to the north, and Andalusia to the south, it includes the Costa Calida and the Mar Menor, a salt-water lagoon bordered by a 22km sandbar, La Manga.
Close by is the region s best known resort, the La Manga Club, a well established and prestigious sporting destination where one can buy a new two-bed apartment for 225k GBP or a new detached four-bed villa for 550k GBP plus.
Polaris World is another big name in Murcia, with several golf resorts offering homes at prices drastically reduced from their 2007 peak. At the largest of them, La Torre golf, you can get one bed apartments form 70,000GBP but repossessions have now mostly dried up.
Alternatively, the small inland village of Sucina that has become popular with the British market, partly because it also close to another golf course resort, La Peraleja. A small resale three bed villa in Sucina centre can be bought for 100k GBP.
Moving further south:
Other hotspots around the Mar Menor include the lively tourist centre of San Pedro del Pinatar where two-bed apartments cost around 90,000GBP; the popular sailing resort of Santiago de la Ribera; the water sports centre of Los Alcazares or the old world little town of Los Urrutias with its famous weekly market. Also worth a mention is the village of Mar de Cristal with its little marina, good sandy beach backed by an attractive promenade.
South of the Mar Menor, there is the Gulf of Mazarron, with 35km of beaches backed by the foothills of the Sierra de la Almenara, with the port, or Puerto de Mazarron its sea faring hub. Heavily discounted property options include the Mazarron Country Club (villas from around 100k GBP mark), and also Camposol golf resort where you can get a two-bed terraced home from around 45,000GBP.
Much less inventory is on the market in the attractive Roman port city of Aguilas, a popular resort area with great scuba-diving where a four bed townhouse in the centre might cost 180k GBP.
Even further south (an hour by car) The nearby Costa Almeria, a stretch of unspoilt coastline between Murcia and Granada, is not as developed as the Costa del Sol, perhaps not as well known by the British, many like the fact its villages retain much of their Spanish identity. It is the real Spain. It is hot and dry climate suits some more than others.
Mojacar remains a popular spot, less than one hour?s drive from the airport, and a central location for getting around Almeria as well as a traditional holiday destination, ideal for families and couples in its own right. The town has dual identity; part quiet hillside village (Pueblo) and part lively beach (Playa) resort gives overseas property buyers the best of both worlds.
Mojácar Pueblo is a picture book village of whitewashed houses and Moorish style cortijo, finca, farmhouses flanking narrow winding streets. Almeria has olive and almond groves dotted round the foothills of the Sierra Cabrera mountain range. Meanwhile Mojácar Playa offers 17 km of open shoreline. You have plenty of choice of one or two-bed apartments with a budget of 100,000GBP, villas range from 200k GBP.
Vera is another hotspot, also divided with Pueblo and Playa areas. Here there is a larger number of new developments, as well as distressed properties on the market and it?s cheaper than Mojacar. Two-bed apartments cost from 60k GBP
Properties rent well to the Spanish. Other nearby towns are Garrucha. A working port with a new harbour that is not quite as popular with British buyers; and the scuba-diving centre of Villaricos where there are some good developments but low supply so prices are a little higher: 75k-80k GBP for an apartment. Golfers may head to the well-known resort of Desert Springs where Ian Botham and many other British people own quality properties or the lively resort of Roquetas de Mar. Inland of Mojacar, the village of Los Gallardos is also popular: you get more space and property for your money in from the coast. A few years ago, Arboleas and Albox in the Almanzora valley were popular with British buyers but there have been widespread issues of properties having been built illegally on agricultural land so be careful.
Prices are low there as a result so don not forget your due diligence when starting.