A large proportion of property transactions completed by overseas buyers in Spain have been focused on Alicante on the Costa Blanca.
Sales and marketing manager at Taylor Wimpey de Espana Marc Pritchard highlighted data from the country’s Ministry of Development, which revealed 2,645 sales were concluded in Alicante in the second quarter of this year.
Mr Pritchard said it is no surprise that the destination on the Costa Blanca has remained popular with foreign buyers looking for real estate in Spain, as the area is renowned for its “clear blue waters, miles of golden sandy beaches, quaint villages, sophisticated cafes and restaurants, and an abundance of historical, cultural and leisure activities”.
He added that Spanish property as a whole is still popular among Brits due to the fact that the nation is easily accessible from the UK, boasts predominantly sunny weather and that there is a favourable exchange rate between sterling and the euro.
Research published recently by HSBC revealed that property buyers can get the most space for their money (a three-bedroom house with a shared pool) in Alicante, compared to other destinations around the world including Orlando in Florida, Faro in Portugal and Palma de Mallorca in the Balearic Islands.
