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Property in Costa Blanca
The Costa Blanca is the name given to the shoreline of the province of Alicante, which is located in the East part of Spain in between Valencia in the North, and Murcia in the South.
Costa Blanca is one of the most popular tourist locations in Spain and with its perfect sandy beaches (hence the name "white coast") and nice climate all many foreigners have also chosen to settle down in this area.
In Costa Blanca you can find a great diversity in the type of cities and properties available from mass tourism, big sky scraper hotels and resorts in Benidorm to a more classical Spanish village atmosphere and smaller tourist complexes in Torrevieja.
With over 40,000 new properties built in 2006 the province of Alicante is one of the areas of Spain where most new developments taking place both attracting Spanish holiday home buyers from bigger cities such as Madrid or Valencia as well a foreigners.During the last 10 years there have been build more than 300,000 new properties in the province of Alicante but the numbers for 2007 shows a small decrease like in the rest of Spain.
The most popular locations within the Costa Blanca for foreigners to buy property have traditionally been in the famous tourist destinations like Benidorm but today more and more people are stating to look further inland (where there is a great number of promotions taking place and at more attractive prices) as well as smaller coast villages like Torrevieja or Javea which are good examples of towns that offers new resorts but still maintain the look of a characteristic village.
The city of Alicante and the surrounding areas are also becoming popular amongst foreigners when looking for a property in Costa Blanca. It boasts a number of beautiful beaches and has a very nice harbour and sea promenade with terraces, cafes, restaurants, pubs and taverns that cater for all tastes and that frequently offer live music or art exhibitions, cinemas and shopping centres.
As to the prices of properties in Alicante it is on average cheaper compared to Costa del Sol but the price varies a lot depending on where in the province you are looking for a property. The most expensive area is around Benidorm including as well Calpe and Altea where the average price for new properties is just below 3000Eur per square meter (the way house prices officially are measured by the Ministry of Housing in Spain).
Further to the north in Denia or Javea it becomes a bi cheaper with average prices of about 2500Eur per m2. If you are looking for a cheaper coastal property you can find this on the south coast of Alicante in Torrevieja, for example. Here the average prices are about 2200Eur per m2.