Buying An Apartment Or Villa On The Costa Blanca

Many people only dream about having their own place in the sun without ever thinking of turning that dream into a reality. But this is not to say that others are not. In fact, there have been an increasing number of people who are making this dream a reality.

Due to its relaxed way of life, coupled with the long hours of sunshine on the Costa Blanca, many people book their vacation in this part of the world. The area is the perfect place for a holiday or for those thinking of where to relocate to. It boasts low rainfall, a temperate climate, easy access to major motorways and airports, and amazing hot sunny summers.

Villas for sale on the Costa Blanca experienced an upward surge in price in recent times; however, there seems to be some sort of stabilization in prices as there are pleanty of re-sale properties with bargain price tags.

For new purchasers in Spain, buying an apartment will be a good deal because they are relatively cheap with a lot of investment opportunities. You can also decide to go into new development projects but this will cost you more, because you are buying a new place, so the prices are always higher than buying second hand.

For those with a little more to spend, and own a place where they can call their own on the Costa Blanca, there is no better time to take advantage of bargains available in the market. In recent years, the average price for a 2 bedroom apartment in Torrevieja was as high as 120,000 euros. But with the advent of resale apartments flooding the market, the price has fallen to a little under 100,000 euros.

From the look of things, it doesnt seem like prices will fall any lower, at least for the moment. Therefore, investors who are interested in a long-term gain will definitely make a good ROI on their investment. Such investors might consider waiting for at least 5 years to be able to make some reasonable gain. The investor stands to make some profits since the drop in Spain on Capital Gains Tax which was made effective from January 2007 (from 35% to 18%) for non-residents.

At the moment, apartments on the Orihuela Costa are popular with North European and British investors, and also apartments in Torrevieja are holding a steady price. So, if you are considering buying an apartment on the Costa Blanca, you may do yourself a favour by taking a plunge without further delay to become a happy Spanish property owner.