The purchase of housing in Spain, and more specifically in the Costa Cálida and Mar Menor, is not something much much less new. For years, this region has attracted thousands of foreign buyers a year, as well as many other people from other countries who have come to spend their holidays or for tourism.
However, the economic crisis of the end of the last decade slowed down this trend, which seems to have been reversed, having won this attractive area again to buy housing. But why?
The region of the Costa Cálida is one of the areas with the most variety of prices. There are areas with very affordable prices and others with higher prices, but in general there is diversity in the market, which is very interesting for buyers, since not all have the same resources when it comes to buying.
If prices are different, we must also stop in terms of the diversity of real estate. There is all kinds of housing here. Apartments, villas, townhouses, bungalows, penthouses ...
For a few years new building promotions have disappeared, but even that is back as well.
The profitability of housing has increased in the last two years due to the rise in rental prices. Thus, investing in real estate has become a great way to invest. All those who buy to rent have seen how the profitability of the properties has risen, especially during the summer periods, in which there is great demand.
A factor to be taken into account, although it is certainly not something new. The climate is one of the main reasons why many buyers from different European countries decide on this region. Thanks to this Mediterranean climate it is possible to enjoy some not too cold winters and hot summers near the sea.
Are you looking for housing in the Mar Menor area? Have you ever visited Lo Pagan? We have available in this area many apartments and townhouses, including new build properties. Have a look at our catalogue.
If you need advice when buying property on the Costa Cálida, contact EUROPAHUS. You tell us what you have in mind, and we take care to provide you with as many options as possible depending on your budget and preferences.
Call us today!