New build properties in Spain

New Developments in Costa Blanca and Costa del Sol: Everything You Need to Know

Introduction to New Construction in Costa Blanca and Costa del Sol

The Costa Blanca and the Costa del Sol are two of the most attractive regions for the purchase of new build homes in Spain. Both areas offer an enviable lifestyle, with excellent connections, high-quality services, and high demand from both local residents and foreign investors, especially from countries such as the UK, Germany, and Nordic countries.

Advantages of Buying New Build in Costa Blanca

1. Climate and Quality of Life: The Costa Blanca has more than 300 days of sunshine a year, making it one of the most attractive areas for those looking for a second home or a place to retire.

2. Competitive Prices: Compared to other coastal areas, the Costa Blanca offers more affordable housing prices, with an average cost of 2,000 to 2,500 euros/m² in cities such as Torrevieja and Alicante.

3. International Demand: In areas such as Orihuela Costa, more than 40% of buyers are foreigners, demonstrating the continued interest in new properties in the region.

Advantages of Buying New Build on Costa del Sol

1. Luxury and High Profitability Area: The Costa del Sol, especially cities such as Marbella and Estepona, is known for its luxury real estate market. Here, the prices of new-build homes can exceed 4,000 euros/m², with a high profitability in tourist rentals.

2. Premium Infrastructure: The Costa del Sol offers access to international airports, world-renowned golf courses and luxury marinas, attracting high-net-worth buyers.

3. Growth in Real Estate Projects: In 2024, the number of new construction projects is expected to grow by 10% on the Costa del Sol, due to the increase in demand.

Real Estate Market Statistics in Costa Blanca and Costa del Sol

• Costa Blanca: In 2023, more than 20,000 new-build homes were sold in the region, with an increase of 8% compared to 2022.
• Costa del Sol: In the last decade, the Costa del Sol has seen a 15% increase in the value of new build properties, with Marbella and Benalmadena being the most in demand.

Key Takeaways

• Both the Costa Blanca and the Costa del Sol offer exceptional opportunities to invest in new construction.
• While the Costa Blanca stands out for its competitive prices and international demand, the Costa del Sol is the perfect place for luxury investments.
• Both areas continue to attract buyers for their quality of life, infrastructure and steady growth in the real estate sector.