Properties for sale in Benidorm

Benidorm is a top spot on the Costa Blanca. It attracts both locals and visitors. Looking for properties for sale in Benidorm? This article gives you a full view of the real estate market. It’s perfect for both investment and finding a place to live. New developments can be costly. But you can find affordable property in the second-hand market. This makes it possible to buy property at lower prices, even in a competitive real estate scene. We will also provide updated data on prices, available types of properties, and the best areas to buy.

1. Why Buy a Property in Benidorm?

Benidorm's real estate market keeps growing. This is due to its great weather, beautiful beaches, and lively city life. The most notable reasons to consider buying a property in Benidorm include:

• High rental profits for vacation homes: Recent data show that vacation rentals in Benidorm have an 80% occupancy rate on average all year. In summer, this can peak at 95%.

• In Benidorm, property prices experienced an increase of approximately 4.5% each year over the last five years. Experts expect this trend to continue in 2024 and 2025.

• Safe investment: The city attracts many buyers, both national and international. This includes strong interest from British and Nordic buyers.

2. Prices and Types of Properties for Sale in Benidorm

In Benidorm, you can find beachfront apartments and luxury villas in private areas. Below is a breakdown of the most popular types of properties and their average prices:

• **First line beachfront apartments:** Prices range from €200,000 to €600,000. These properties sit right on the beach. They boast prime locations, luxury features, and beautiful sea views.

• Apartments by Levante Beach: This area has a lively vibe. Prices range from €180,000 to €500,000. There are many options to fit different tastes.

• Properties near Poniente Beach range from €250,000 to €700,000. There are luxury residential complexes in development. Scenic views also add to their charm.

• Penthouses with sea views range from €350,000 to €900,000. Prices go up for properties that have large terraces and private pools.

• Chalets and villas in developments start at €500,000. Prices go higher in exclusive spots like Sierra Cortina and Cala de Finestrat.

• Studios and flats in central Benidorm start at €120,000. They are perfect for anyone wanting to invest in short-term rentals.

Prices can change a lot. They depend on how far you are from the beach, the services available, and the quality of construction.

3. Best Areas to Buy Properties in Benidorm

Some of the most in-demand areas for buying properties in Benidorm are:

• Levante and Poniente are popular beaches. They also have many tourist apartments. They are ideal for those seeking high rental returns on vacation properties.

• Rincón de Loix is popular with foreign buyers, especially the British. It has apartments and chalets. The area also boasts good connections and is close to amenities.

• Sierra Helada and Sierra Cortina offer privacy and exclusivity. They also provide stunning views for those who seek them. Here, luxury villas predominate.

• Historic Center: Great for people who want to be near shops, restaurants, and services. Plus, it's only minutes away from the beach.

4. Data and Statistics on the Real Estate Market in Benidorm, 2024

Benidorm's real estate market remains dynamic and attractive. According to the latest report from Idealista and other real estate portals:

• In 2024, the average price per square meter in Benidorm is €2,800/m². This shows a small rise of 2% from last year.

• International buyers make up 45% of city transactions. Most are British, Nordic, or Belgian.

• The most sought-after properties are 2 or 3-bedroom apartments. These often have terraces and sea views. Next are luxury chalets in private developments.

Also, Benidorm is seeing a surge in new buildings. This is especially true in Poniente and Sierra Cortina. Here, high-end serviced apartment complexes are being built.

5. Buying a property in Benidorm

Buying property in Benidorm can be rewarding. But, it needs careful planning and smart choices. Here are some essential steps to ensure a smooth and successful experience:

1. Research the Market: First, learn all about the real estate market in Benidorm. Stay updated on property prices, market trends, and the types of properties in demand. This knowledge will help you make informed decisions and identify the best opportunities.

2. Choose a reputable agent: Partnering with a reputable real estate agent is crucial. An experienced agent knows the local market well. They can guide you through the process. They also offer valuable insights and help you find properties that fit your needs.

3. Consider Your Budget: Determine your budget early on and stick to it. Consider the buy price and ongoing costs. These include maintenance, taxes, and utilities. Having a clear budget will help you narrow down your options and avoid financial strain.

4. Inspect the property. Do a thorough check before making an offer. Look for any signs of damage or needed repairs. This step is crucial. It helps you make a good investment and avoid surprise costs later.

5. Negotiate the Price: Use your research and inspection results to discuss the price. Consider the property’s condition, location, and market value when making your offer. Effective negotiation can lead to significant savings.

6. Sign the Contract: Once you and the seller agree on the price, sign a contract that outlines the terms of the sale. Ensure that all details are clearly stated to avoid any misunderstandings.

7. Complete the buy: Pay the rest of the balance and transfer ownership of the property. This last step includes legal details. It's best to have a legal expert check the documents.

Working with experts makes buying a property in Benidorm easy and rewarding. Just follow these steps.

6. Living in Benidorm

Benidorm has beautiful beaches, lively nightlife, and great infrastructure. Here are some key aspects to consider when making Benidorm your home:

1. Cost of Living: Compared to other cities in Spain, the cost of living in Benidorm is relatively low. However, prices can vary depending on the location, amenities, and lifestyle choices. It’s important to budget accordingly to enjoy a comfortable life in this coastal city.

2. Language: Spanish is the official language. But, in Benidorm, many locals also speak English. It’s a cosmopolitan city. This helps foreigners communicate and navigate daily life. It improves their living experience.

3. Culture: Benidorm has a vibrant cultural scene. It hosts many festivals and events all year round. Residents can enjoy a lively blend of traditional Spanish culture and modern comforts. It is a vibrant place to live.

4. Amenities: The city has many amenities. You can enjoy beautiful beaches, parks, shopping centers, and lots of restaurants. Benidorm offers something for everyone. You can enjoy outdoor activities or urban conveniences.

5. Transportation: Benidorm has a good transportation system. Buses and trains link the city to other parts of Spain. This makes commuting and traveling convenient for residents.

6. Healthcare: Benidorm has an excellent healthcare system. Several hospitals and medical centers offer high-quality care. Residents can use various medical services to support their health and well-being.

7. Education: Benidorm has many schools, both public and private. It also has universities. Families with children can find suitable educational institutions that meet their needs.

Living in Benidorm can be a delightful experience. The city has beautiful beaches, a lively nightlife, and good infrastructure. This makes for a high quality of life. Benidorm is a great choice, whether you're investing or looking for a permanent home.

Key Conclusions

1. High demand and profits: Benidorm is a top spot for real estate, especially vacation rentals.

2. Property diversity: Benidorm has something for everyone. You can find affordable downtown apartments or luxury villas in exclusive areas.

3. Long-term investment: Benidorm is a safe choice for both local and international buyers. Property values keep rising, making it a smart investment.

4. Benidorm's great climate, solid infrastructure, and excellent services attract many investors and residents. They all seek a high quality of life.

If you want to buy property in Benidorm, now is a great time to look at your options. You can make a smart choice! Contact us to receive personalized advice and access the best offers on the market.