Torrevieja - Summer 2023 real estate trends
As summer approaches, many people are starting to plan their holidays, and Torrevieja is a popular destination for tourists from all over the world. If you're considering a trip to Spain, there are a few things you should know about what to expect of Torrevieja - summer 2023 real estate trends.
Torrevieja is a beautiful coastal city located in the province of Alicante in Spain. With its warm Mediterranean climate, sandy beaches, and stunning sea views, it's no surprise that Torrevieja is a popular place for property buyers alike. In this blog post, we'll discuss the latest trends, news and developments in Torrevieja's real estate market.
#1 Properties with outdoor space
One of the most exciting developments in Torrevieja's real estate market is the surge in demand for properties with outdoor space. As a result of the pandemic, many people are looking for properties with gardens, terraces, and balconies. This to enjoy the fresh air and sunshine in the safety and privacy of their own homes. Properties with outdoor space are highly sought after, and they tend to command premium prices. Properties with garages are also on a surge, as this saves much time during the summer months.
#2 Urban regeneration
Another current trend is investment in urban regeneration: Many cities on the Costa Blanca, such as Alicante and Torrevieja, are undergoing urban regeneration projects. These are attracting property investors looking to capitalize on the area's potential for capital growth and rental yields.
#3 Rental properties
Speaking about that, we have to tap into growth in the rental market. With the rise in popularity of short-term rentals and the growing demand from tourists, many property owners on the Costa Blanca are looking to invest in rental properties, such as apartments and villas.
Get in contact and start renting out your property!
#4 Eco-friendly properties
Another trend that's worth mentioning is the increasing popularity of eco-friendly properties in Torrevieja. Many buyers are now looking for properties that are energy-efficient, use sustainable materials, and have eco-friendly features. Solar panels and rainwater harvesting systems are examples of features that are currently popular. Eco-friendly properties not only reduce the environmental impact but also provide long-term cost savings for the homeowner.
#5 Gold Visa Program
Finally, Torrevieja's real estate market is also benefitting from the Spanish government's Golden Visa program. The program offers residency and citizenship to non-EU citizens who invest in Spanish real estate. As a result, many international buyers are now showing interest in Torrevieja's property market, which is driving up demand and prices.
Click here to learn more about the Golden Visa Program
Conclusion
In conclusion, Torrevieja's real estate market is thriving, with demand for properties with outdoor space, eco-friendly features, and international buyers driving up prices. If you're interested in buying or selling property in Torrevieja, now is an excellent time to get involved. For expert advice and assistance, contact a trusted real estate agency in Torrevieja today.
We are at your service with more than 13 years of experience, a loyal team of professionals, and can assure a smooth experience. Do not hesitate to get in contact with us. We will answer all your questions!
Furthermore, don't forget to follow Hansson & Hertzell on Facebook, LinkedIn, Instagram, and YouTube, to stay updated with all our new projects!
Or take a look at our portfolio of Quality Properties:
Welcome to Hansson & Hertzell and the healthiest country in the world!
Back
Call us
Send message
