Although throughout Europe the property market has crashed, Costa Blanca Property has remained a safe bet when making a purchase of your dream home abroad whether for retirement or a holiday home.
In common with the remainder of Europe, the real-estate market in Spain has been influenced by the recession. Nonetheless Spain remains the favorite destination in Europe for UK purchasers and COSTA BLANCA PROPERTY is still a well-liked choice and selling if the price is right.
The area will be fascinating to foreign visitors, due to its gorgeous beaches, intensive holiday maker comforts and bright climate. Its name means the White Coast and was coined by BEA in 1957, the year that flights commenced between London and Valencia. The area stretches from Denia in the north to Torrevieja in the south and contains the major visitor destinations of Benidorm and Alicante. The Costa Blanca plays host to hundreds of thousands of holiday makers each year and, of these, a serious proportion own a second property in the area, which they have purchased for their own holiday / leisure use, as an investment or as rental revenue, or as a mix of all 3!
It is definitely a purchaser's marketplace at the moment with a lot of bargains available on property for sale in Costa Blanca. Officially claimed figures show that home prices have fallen in the area of 3 percent in truth, reductions are far larger than this, with some developers offering rebates as much as 40 percent off, representing some of the finest deals ever seen in the market. A wide selection of properties for sale is available in this bit of Spain, starting from beach side villas and city homes to cheaper residences.
When having a look at COSTA BLANCA PROPERTY, it is a very good idea to go visit the area in winter as well as summer, to see what it is like out of season. Some less populated areas can appear rather isolated in the cooler months. Take a look at the heating systems too! It's also desirable to "try before you buy" ; to paraphrase hire a few different villas and lofts in different parts of the area before you commit yourself to purchasing. The Costa Blanca comprises a big area of Spain and, as such, there are good differences between the varied cities. Inexpensive flights are available during less preferred times, with the most handy airfield based at Alicante. Take it slow in finding the best property. There are numerous profitable investments available on property in the Costa Blanca at the moment.
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