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The purchase of Spanish homes by Americans has increased by 225% since 2020*—there must be a reason for that, right?
One of the main reasons is that its profitability is beyond doubt. Investment in the Spanish Mediterranean coast has exceeded 7% annual returns** over the last 20 years.
But for those who want to LIVE on the Costa Blanca, there are even better things than profitability.
*Source: Inmodiario
**Source: Spain’s Land Registry
Spain is one of the safest countries in the world, as confirmed by Gallup*, and the safest in the European Union. It has a very high ratio of security officers per inhabitant, but the Mediterranean character and multicultural tourism make the inhabitants of the Costa Blanca perfect neighbors.
On the other hand, foreigners enjoy a high level of legal security guaranteed by the Spanish Constitution, and the World Bank itself, in its "Doing Business" report, singled out Spain as a country with guarantees for investment and business formation.
*Source: *Gallup World Law & Order Report
Spain has an advanced public healthcare system, and the Costa Blanca offers even more, with numerous world-class private hospitals. Some of the most important are part of Mediterranean Health Care, a private healthcare cluster that fosters cooperation between public and private centers. Furthermore, the associated centers offer international patients insurance with a wide range of coverage and 24/7 multilingual care.
And what's more, this access to the best healthcare comes at a cost that's less than a third of what the average American spends. According to Statista, this expenditure is $12,560, compared to $2,170 in Spain.
Another compelling factor for investing in Alicante’s real estate is affordability. Considering the price per square meter, a 100 m2 home on the Costa Blanca costs €250,000, but in Florida it could reach €750,000, and in New York, €1,500,000. Furthermore, the cost of living is significantly lower in both cases, as can be seen in the infographic.
Source: expatistan.com
Spain is known for having one of the longest life expectancies in the world. In fact, according to Eurostat ("The Statistical Office of the European Union"), it is the longest in Europe, at 84 years.
One of the most important factors that allows for this longevity is the Mediterranean diet, as it helps keep you fit, improves circulation, and improves heart function. Plus, it's delicious, and there's nothing like savoring it near the sea that gives it its name.
Nothing beats enjoying this diet on the Costa Blanca, a true paradise in the Mediterranean.
Costa Blanca is the destination with the highest number of homes sold to foreigners in all of Spain, and one of the top destinations in the rest of Europe. For decades, it has been the favorite location for second homes for British, Dutch, German, Belgian, and French nationals, among others. Furthermore, in the last decade, other non-European nationalities have also increasingly chosen the Costa Blanca as a residential tourism destination. Among these nationalities, Americans have experienced a spectacular change, with a 255% increase according to Inmodiario. Some of the reasons that may have led to this increase are:
· Exceptional value (high-quality homes at competitive prices).
· Endless opportunities to savor local cuisine and explore natural landscapes.
· Ease of travel to the U.S. via Alicante’s international airport.
A PARADISE IN SOUTHEAST SPAIN, IN THE MIDDLE OF THE MEDITERRANEAN SEA.
Natural atmosphere
Diversity of beaches and paradisiacal bays
One of the best climates in the world
Superb gastronomy with coastal flavors
Exquisite wines with designation of origin
A province with monumental cities full of culture and tradition
We are a non-profit business organization that encompasses the majority of real estate developers operating on the Costa Blanca, with a robust, modern organizational structure and the necessary management capacity to respond to the needs of its members.
Download the dossier "Costa Blanca: the place to live and invest" and you will know all the details about this destination and the reasons why it is the ideal place to invest in a second home.
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