My top 4 regional selections compromise areas where the most growth is happening which is around 10%.
1. Costa del Sol
The most expensive area and the second highest number of foreigners buy here. Upmarket areas like Marbella, Sotogrande and the Golden Mile house Spain’s most exclusive villas in the €1 million+
2. Costa Blanca
This special area has the most annual foreign buyers and property is really healthy here. Due to the high demand there is lots of competition between home buyers. In some instances you still get bargains on the seafront, which create great rental opportunities.
3. Costa Brava and Catalonia
Due to the political crisis in the area, growth has slowed quite a bit. This has however not deterred investors from buying even though that you need to budget €100 000 and more.
4. Balearic Islands and Canary
These areas are really interesting. The regional governments have really become strict with developments, artificially creating a housing shortage, which is fed by high demand. You will find good and stable growth, which is really important for the islands.
There are kilometres of coastline, 300 in total. Included are the cities and resorts of Barcelona, Tarragona, Sitges, Salou and Roc de Sant Gaieta.
There are beautiful outdoor entertainment opportunities everywhere so look for something which caters for such. Property is cheaper than most costas, it has an off season making it very quiet and it gets a bit colder on the southern stretches.
Costa del Azahar
I love the city of Valencia and the birthplace of my favourite dish, Paella. The city and area is rich of architecture and cultural life and the cost stretches for 250km which includes cities like Gandia, Peñiscola, Alcossebre and Benicassim
Here you will find beautiful little fishing villages and sandy beaches along a 35km stretch, real holiday destinations. Cartagena has a thriving economy based on ship-building, La Manga and Mar Menor holds the largest salt water lagoon in Europe as well as golf courses, tennis facilities and lots of luxurious touches. Prices for new and modern apartments range from €100,000 – €150,000
Located in huge area of Andalusia which is the birth place of Tapas, Bull fighting, Flamenco and Picasso. This area is relatively expensive and is said to be quite Bohemian. Expect to pay anything over € 150,000.
Costa de la Luz
This coastal stretch ranges from the Portuguese border to Gibraltar. I find this area quite windy and the beaches are fairly empty and tourism is quite seasonal. The regions biggest city, Seville offers amazing festivals, art and food culture. Lots of windsurfing is the cards here and parties are legendary. Housing prices are quite fair.