About Spain & The Costa Blanca
From the Costa Blanca to the Costa Almeria is what the Spanish call the Levante. This really means ‘eastern’ but around Spain it is synonymous with the whole area’s identity, traditions and climate.
The Costa Blanca (Eastern Spain from just north of Alicante to San Pedro del Pinatar) became a popular choice for holiday homes and relocation because the properties were so much better priced than the traditional British destination of the Costa del Sol. Since the late 80s, the Costa Blanca’s appeal has grown, and it has become a firm favourite with Brits abroad. It offers all the familiarities that immigrants from the UK have come to expect in Spain such as ex-pat owned businesses, newsagents selling English papers and magazines, British butchers and shops etc, but with the added benefit of a far superior climate, beautiful scenery and not forgetting the reasons we love Spain – the Spanish people, villages, bars, restaurants and of course, some fantastic property developments.
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The Costa Calida, which is really the Murcian coastline, has become more popular in the last 5 years due to the growing network of golf resorts in the region. Coupled with this obvious pull, there are some unbeatable statistics attached to the region boosting its popularity.
Murcia, as a region, is the smallest and was once the poorest region in Spain, with the majority of its income coming from agriculture (it was known as the garden of Spain). But now, with the help of golf resorts, the region has the fastest growing economy in mainland Spain and the 6th fastest growing economy in Europe!! Also, Murcia has the lowest unemployment in mainland Spain at just 3.9%. And as far as the weather goes, Murcia benefits from its own microclimate, and as such enjoys 320 days of sunshine a year, and all year round warm temperatures. (And because of this climate, along with the good diet enjoyed by residents, Murcia has been recognized by the World Health Organization as one of the healthiest regions in Europe to live!) All of these features increase the potential for all-year round enjoyment of any property purchased in the region, but also it increases the rental potential of property and ultimately the investment you are putting in.
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Almeria is nestled between Murcia and Andalucia and again, although fairly small and arid, has some beautiful scenery, beaches and properties. Almeria tends to be slightly higher in price than Murcia and the Alicante region of the Costa Blanca, but the premium is not unjustified. Build quality is good, land is plentiful and the investment potential is high, especially in the coastal areas like Mojacar, Vera and Aguillas.
And if you're worried that if this area is so popular it will become too over-developed, mainland Spain has only 8% build density!
