Buyers choose the northern part of the Costa Blanca for luxury properties. Sales of luxury homes in Spain by non-resident foreigners increased in 2021 and will continue to increase in 2022, with the Valencian neighborhoods north of the Costa Blanca being the neighborhoods most in demand by foreign buyers in the Spanish autonomous community. Broken down by nationality, luxury home purchases in 2021 are evenly distributed across countries: UK, Netherlands, Belgium, Germany, France, Switzerland, Poland, Denmark, Norway, Czech Republic and Austria. The trend in 2022 after the start of the invasion of Ukraine is the same as in 2021, with the addition of the Ukrainian, Estonian, Lithuanian, Latvian and Slovak nationalities. Buy a luxury home for a second residence or permanent residence, being the towns of Moraira, Benissa, Dénia, Jávea, Calpe, Altea, Benitachell, Finestrat and Benidorm in the north of the Costa Blanca.
This is the Delfin Tower building
With 98 meters high, 22 floors and 39, this skyscraper is configured as the last residential apartment building for sale in Benidorm on the beachfront that will see the light in many years. For this reason, with the aim of putting an end to its building process and beginning its new stage as an exclusive reference skyscraper in the town, Goya Real Estate, the developer that has raised the construction of the property. The residential tower is now available to its current and future owners.
Location next to the Mediterranean Sea
Striking architecture. Characterized by a peculiar sail shape, the double curvature of the building's façade has not only been a real architectural challenge, it has also allowed each floor to have a unique character, moving away from the concept of overlapping repeated floors.
Construction with a sustainable seal, thanks to its Leed Gold certificate. It is the first residential tower in Benidorm to have this standard. This distinction endorses its high standards in terms of the use of sustainable and quality materials, energy and water efficiency or indoor air quality.
Privacy and comfort. For its design, various aspects have been taken into account: large space between floor and floor to achieve a greater sense of spaciousness, lots of natural lighting, uninterrupted views of the beach and the sea, individual terrace, high level of privacy, since the first floor of housing really corresponds to a 4th or 5th floor, etc.
Very unusual common areas. Delfin Tower is made up of common spaces where you can enjoy the views, relax, organize events, take care of your body and mind, or watch the sunset. All this, thanks to a high-rise lobby, a state-of-the-art gym with sea views, a heated pool, a social club, an infinity pool in the garden area, outdoor paddle tennis courts or unique halls with striking artistic details on each floor.
Exclusive interior and exterior design. Alejandra Pombo and her team of interior designers, as well as the architect Jesús Pastor Muñoz, apply their aesthetic criteria with a selection of quality materials, elements and finishes, as well as through innumerable details that accentuate the complex's goal of bringing the concept of Modern luxury apartments for sale in Benidorm.
Homes with state-of-the-art equipment and home automation. All properties include fully furnished kitchens, top-brand equipment, a home automation system to control blinds, temperature and humidity, or lighting projects adapted to the characteristics of each home.
The Association of Real Estate Developers of the Province of Alicante (Provia) is carrying out a communication and public relations campaign with the aim of promoting awareness of the Costa Blanca as a tourist and residence destination in Belgium. The objective is to transmit the benefits of the Costa Blanca, the stability in the real estate market and the ideal destination for teleworking. The campaign is carried out with the support of the Costa Blanca Provincial Tourist Board.
As a result of this campaign, Provia is present every week in the Belgian media related to real estate, tourism and lifestyle. In addition to press releases and opinion articles, the association has participated in several interviews, and is organizing other actions, until the end of the year, aimed at publicizing the market and the existing housing supply.
Among these actions is the press trip that has taken place these days, organized so that different journalists could learn first-hand about the benefits of the territory and the possibilities to invest, reside and telework. Hand in hand with Provia, the Costa Blanca Provincial Tourist Board and several town halls, for four days, Belgian reporters have been able to learn about the province's tourist offer.
During the first day they visited the northern part of the province, towns such as Dénia, Moraira, Benidorm or El Campello. In the second, they toured other southern municipalities such as Torrevieja and Orihuela, among others. In addition, on the last day a meeting was held in the capital to publicize the real estate offer on the Costa Blanca.
The Costa Blanca has become one of the favorite destinations for Belgian residential tourists. This market is one of the most important for the second foreign residence in our province, not only in number of sales, but also in terms of their average price, which in the first quarter of 2021 increased by 14%. Currently the profile of the Belgian residential tourist is slowly changing, with an average age that has dropped to 52 years, and purchasing power that is increasing. In this regard, he stressed that the prices of new homes purchased by this market range between 300,000 and 600,000 euros for single-family homes, and between 180,000 and 350,000 for apartments.
The European property market has shown clear signs of recovery so far this year; with the increase in house prices being the main trend. In this sense, searches for villas and condominiums in Europe have increased exponentially, with Spain being one of the most sought after destinations.
Demand is active, supply is tight, and mortgage costs remain low. That is why the demand for luxury homes in Spain continues to rise, and the news about the real estate boom continues. In short, the consolidated real estate sector has been one of the main engines of economic recovery in Spain. In this context, the luxury market looks with good forecasts and spends this 2022 with optimism.
Growth of the luxury housing market in 2022
With stock market earnings booming, mortgage rates locked in, pent-up demand and renewed consumer confidence, the luxury housing market is experiencing a busy season.
Working from home and remote training allowed people to enjoy the benefits of a resort lifestyle. In fact, it is estimated that the second home market will see a large number of buyers willing to buy luxury homes even in the off-season.
Luxury housing: a safe investment
Considering that the stock markets are in a time of many fluctuations, many investors decided to invest in the safest assets. But what are the alternatives?
For one thing, keeping money in a bank account is not a good option. According to data from the National Institute of Statistics, inflation in July was 10.8%. So, in this case, the purchasing power goes down if the money is not profitable. In addition, banks charge their customers 0.5% of savings when the amount exceeds 500,000 euros. On the other hand, in this context, luxury residences add to their appeal by their safe haven quality. Which means it's a good long-term investment. In fact, this is the reason for the increase in demand.
High-end housing movements in the coming months
When looking for homes in the Spanish luxury market, around 41% of buyers are looking for properties above 2.5 million euros, while the majority are looking for luxury flats; that is, less than 2.5 million.
For its part, the demand for virtual tours for the purchase of luxury homes is increasing, since the journey is easier, especially for international buyers, who wish to buy homes without having to visit Spain. In this sense, unlike the classic home purchase destinations for foreigners, such as the islands or the Mediterranean regions, the cities of Madrid and Marbella currently lead the first-tier global market.
Luxury houses in Orihuela Costa
This trend is especially notable in Orihuela Costa, where some of the most expensive houses on the market are being bought by wealthy owners who smell an opportunity to invest their money in a property that will protect them from further economic turmoil.
The luxury home market in Orihuela Costa has proven to be resilient to the pandemic, with sales volume remaining stable throughout 2022. Although sellers continue to see some price reductions on their properties, they tend to be modest. , and buyers remain willing to pay close to the asking price for luxury homes in this area. And the reason is that Orihuela Costa is a city that is located on the Costa del Sol. It has a favorable climate to live all year round, and easy access to various services such as shopping centers, golf courses and international airports.
The area is also home to many celebrities and other wealthy people. With so many amenities available, it's no wonder that Marbella was one of the first places in Spain to see property prices rise over the past decade.
Luxury houses in Benidorm
As has already been seen, the luxury markets in Spain are booming. In fact, according to a new report from international consultancy firm Knight Frank, it has been revealed that Benidorm is now Europe's fastest growing city in terms of high-end property sales.
Benidorm is consolidating its position as one of the preferred destinations for the ultra-rich, and luxury housing rates are expected to increase by 6% in 2022. On average, the largest supply of luxury homes in Benidorm stands out in residences of 105.5 square meters for one million dollars.
Trends in the luxury real estate market
Beyond space and location, investors focus on the features and condition of the property. The closing activity corresponds to second-hand homes that have been renovated to the buyer's liking, or that are homes with high quality materials in elements such as windows, floors, kitchen and bathroom.
In general, homes are usually equipped with the latest technologies in home automation, which facilitate automatic and efficient management, and provide security and comfort. Furthermore, sustainability and efficiency will continue to be increasingly important criteria, but will not have a significant impact on the final price of a property.
Similarly, the most important green trends in the luxury residential area are the use of renewable energies, the strategic direction of the property and the integration of artificial intelligence in the operation of the home.
In short, experts believe that quality real estate has a great future ahead of it. In fact, high-end real estate is still the best answer to price inflation. In addition, it is the most profitable investment in the world because its happy owners will enjoy it with their families for a long time.
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