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Property in Costa de la Luz
Costa de la Luz on the coast of the province of Cadiz, is not as well known as the neighbouring Costa del Sol but is becoming more and more popular both as a tourist destination and for foreigners to buy a property.
Cadiz is the most Southern province on the Iberian Peninsula and is located next to Huelva in the North West, where Sevilla is to its North and Malaga to its East.
Compared to other popular areas in Spain, Costa de la Luz has not been over-developed in the same way; they are regularly given permits for new constructions near the coast although all developments have to follow a strict plan of not disturbing the natural beauty in the area.
The number of new buildings in the province of Cadiz has been maintained more or less at the same level for the last 5 years whereas most other provinces have seen a decrease in new constructions taking place.
The most attractive areas where foreigners look to buy property in Costa de la Luz are the Sotogrande area (one of Spains most exclusive areas which contains polo and golf resorts and is only 20 minutes from Marbella), the area know as Campo de Gibraltar (located close to Gibraltar) has both inland and coastal properties available as well as the area from Tarifa to Conil that used to attract a lot of hippies but which today also is popular amongst people looking for an unspoilt area where very few promotions are taking place.
The prices of properties in the Costa de la Luz depends on the area; you will find the most expensive properties in the Sotogrande area, where prices per square meter m2 (the way house prices officially are measured by the Ministry of Housing in Spain) from 3000Eur m2 and upwards. In the nearby Campo de Gibraltar the average price is about 2300Eur m2 but you can find cheaper properties in the inland villages like Los Barrios or Jimena.