Have you always dreamed of buying an apartment in Spain? Many people think it is too much work to take care of a house and it is a convenient solution to get an apartment instead. Buying an apartment in southern Spain can also be a very good investment. Many people buy an apartment and rent it out for several years, and by the time they are ready to move in, it has more or less paid for itself.
Read our great article on investing in property in Spain.
Read about the situation in the Spanish housing market
Thanks to the strong Spanish right of possession, there are also rarely any problems with being able to sublet, or rebuild one's apartment.
The most affordable off-plan apartments on the Solkusten this year. Beachfront apartments in Torrox.
It is clear that the housing market in southern Spain will continue to be very attractive to Europeans and that the value of an apartment on the coast will not change significantly in the long term. Spain maintains its special position as the most attractive country to move to.
Prices started to increase significantly from 2016 and Spanish authorities predict that prices will increase more and more quickly during the 20s. In order to be able to present salable projects, they are now looking at solutions such as housing cooperative .
It is also possible, especially given the expansion of high-speed trains, to get to Spain within reasonable time limits without the need for the flight, which will suffer enormously from future fuel prices. This makes Spain a future-proof choice for Europeans who want to invest in an apartment within Europe.
Which is the best investment?
According to the statistics, the very best long-term investment is a less centrally located apartment with a view of the sea, a few stones' throw away from the beach itself (in some of the more popular resorts, such as Nerja, however, it works well with a residence a few km from the beach also). Probably the most popular area for foreigners is the Costa del Sol in Andalusia and will continue to be so. Eastern Costa del Sol, and above all as Nerja is most popular for investors. In fact, 9 out of 10 investors who contact us are looking in Nerja in particular, due to the high occupancy (on average over 40 weeks per year, according to statistics from our subsidiary site).
Costa Blanca also very popular (especially Torrevieja ), where housing prices are slightly cheaper compared to the Costa del Sol. But an apartment in the Costa Blanca rarely yields as much rental income and most likely does not increase in value as much over time. The occupancy of a beachfront apartment in Torrevieja is on average 22 weeks a year. Inland, and in other resorts along the Costa Blanca (this also applies to large parts of the Costa del Sol), it is difficult to get any occupancy at all outside of the high season.
Good infrastructure, environmentally friendly tourism and cheap electricity
Many factors speak for Spain as a country to invest in.
Rain, wind and a large share of renewable energy have led to record low electricity prices in Spain in 2024. On Sunday, March 10, the sixth lowest average price ever was recorded, with a full 19 hours of the day with no variable cost at all.
On average, electricity cost 0.54 euros per megawatt hour in Spain on March 10. Compare that with 53.7 euros in Germany, 62 euros in the UK and a whopping 77 euros per megawatt hour in Italy. In Spain, it is the sixth cheapest price ever recorded and the lowest since March 2013, according to financial newspaper Cinco Días.
Two factors are behind the record low electricity prices. 1. The storm in March, with intense rain and strong winds that increased the production of hydro and wind power. 2. Spain's investment in renewable energy sources has yielded results. Last year, for the first time, wind, hydro and solar power covered more than half of Spain's energy needs, and the share has been even greater in the beginning of 2024.
This is good news for Spanish households and businesses, which are struggling with rising inflation and the cost of living. The low electricity prices can also help to strengthen Spain's economy and make the country more attractive for investment.
Our office
Since 2015, our head office has been located in central Nerja (even Spain's largest bank, Holabank, has chosen to locate the coordination of its international department in Nerja), at Calle Pintada 9.
For those of you who are looking for a good investment with a direct return, we recommend that you also read our article on renting out your home in Spain, and what income it can potentially provide.
Article with luxury houses and luxury apartments from the Costa del Sol to the Costa Blanca.
Please note that We mediate apartments both for sale and for rent (however, bear in mind that in the vast majority of cases it is much more economical to buy instead of rent if, for example, you plan to live in Spain for several months a year). Click here for a selection of all the apartments we have available in Spain.
Also read our article about our range of homes in Spain
Rent an apartment in Spain through us, for vacation or long-term rental.