Costa Blanca Property July 2010

Costa Blanca still has two major advantages over other parts of Southern Spain being you can still buy your dream Spanish property form €70,000 and most importantly if your living in the North of Costa Blanca driving from the UK is more manageable so with those two major factors how is Costa Blanca property shaping up?



The answer is very well in the market between €70,000 and €170,000 with a major factor being price driving this particular market in the South of Costa Blanca. However prices above this in the Costa Blanca North especially in the Golden Triangle of Benissa, Moraira and Javea are struggling to find buyers. However Townhouses and apartments up to €170,000 are still doing very well and that trend seems likely to continue for some time to come.



We also believe that the luxury property market in Costa Blanca like the rest of Spain will start to get a boost towards the end of the year, especially prime location properties. You can change the house but not the location.



Talking about location Costa Blanca has a major advantage over its major competitor Costa del Sol in that if you’re based in the south of England you can get to somewhere like Denia with 24 hours without having to stop over if you don’t want to. However if you want to drive to Costa del Sol your looking at least another 8 hours. Put that together with the price per square meter as the Spanish property market starts to recover and Costa Blanca property has a very bright future indeed.



The other benefit which hasn’t transformed itself into sales yet is the Euro/Sterling exchange rate which again means properties are now automatically 10% cheaper than they were to Brits back in January.



So onwards and upwards for the Costa Blanca property market.