by Tripinvest UK
Spain has long been a favorite destination for British expats and property investors. With approximately 300,000 Britons residing in Spain, the Instituto Nacional de Estadistica reports that Andalusia and the Valencia region are among their preferred areas. Alicante, in particular, boasts a significant British population of 69,000. In this article, we delve into the regions that have captured the attention of British buyers, highlighting popular areas such as Benidorm, Torrevieja, Orihuela, and Javea.
With a thriving British expat population of 6,000 (8.7%), Benidorm offers excellent transport connections and a lively atmosphere. Known for its vibrant nightlife, this city also boasts beautiful sandy beaches, making it an attractive option for both investors and retirees seeking an exciting coastal lifestyle.
Torrevieja: A Multicultural Haven
Formerly a fishing village, Torrevieja has transformed into a melting pot of diverse cultures, with around 13,000 British expats calling it home. Situated near Alicante and Murcia airports, Torrevieja offers 20 kilometers of coastline, salt lakes adorned with flamingos, and a rich multicultural community that adds to its unique charm.
Orihuela: Affordability and Natural Beauty
Orihuela stands out as an affordable destination, attracting around 20,000 British residents. This town boasts Blue Flag beaches perfect for families, numerous golf courses, and a range of leisure activities. Whether you prefer a tranquil retreat or an active lifestyle, Orihuela caters to various preferences.
Javea: Charming Streets and Mediterranean Delights
With a population of nearly 8,000 British expats, Javea entices visitors with its picturesque streets and delectable cuisine. This coastal town offers a delightful blend of cobblestone streets, pleasant weather, and a vibrant tourist center, making it an appealing choice for property buyers seeking a relaxed yet fulfilling lifestyle.
Taxes and Property Sector Implications:
Recent data suggests that British property owners in Spain may face a 5% increase in taxes, with the rate potentially rising from 19% to 24%. Although this information is yet to be confirmed, it’s important to note that the Spanish coast continues to offer a high return on investment. Despite potential tax adjustments, the allure of the region remains strong, with the British accounting for nearly 14% of property sales to foreigners, particularly in the Costa Blanca and Costa del Sol regions.
Conclusion:
The Spanish coast remains a coveted destination for British property buyers seeking an ideal blend of sunshine, stunning beaches, and attractive investment opportunities. Whether you’re drawn to the vibrant atmosphere of Benidorm, the multicultural haven of Torrevieja, the affordability and natural beauty of Orihuela, or the charming streets of Javea, there’s something for everyone. For a seamless property purchase process and expert guidance, reach out to our agents, who will navigate you through every step and offer advice should any challenges arise. Take advantage of all the benefits the Spanish coast has to offer and make your dream property a reality.
