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Four in ten properties sold to foreigners in Spain are in Alicante

A staggering 40 percent of all the properties sold to foreigners in Spain in the first half of 2022 were just in the Costa Blanca and other parts of Alicante province, crowning it the residential tourism capital of Spain.

Four in ten properties sold to foreigners in Spain are in Alicante
Calpe is one of the most popular places for foreigners to buy in Spain. Photo: Yevhen Paramonov / Pixabay

It may be common knowledge that foreigners love the Costa Blanca, but new data reveals just how popular it is with second-home owners from overseas.

During the first six months of 2022, 40 percent of homes sold to foreign buyers in Spain were in Alicante province, where the Costa Blanca is located.

The Costa del Sol, in Málaga province in southern Spain, accounted for 24 percent of foreign property purchases in the country over the same period.

Such is the popularity of the Costa Blanca for overseas property hunters that if you add up all the sales to foreigners in the Costa de Valencia, Costa Cálida (Murcia), Costa Brava (Catalonia) and the Balearic Islands, they still represent a lower share than Alicante and the Costa Blanca alone (36 percent compared to 40 percent).

The figures were published by the Association of Real Estate Developers of the Province (Provia), which collected data from Spain’s Ministry of Transport, Mobility and Urban Agenda.

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According to foreign property website Kyero; Calpe, Denia, Javea and Moraira are four of the most popular coastal towns for foreign buyers in Alicante, while property website Idealista revealed that Ciudad Quesada and Busot were the two most popular inland towns for foreign buyers in Alicante.

Foreigners are attracted to the Alicante province because of its great weather and miles of excellent beaches, of which there are a total of 74 Blue Flag beaches, selected for their great water quality.

They are also allured by the number of other foreigners in the area, meaning that there are more services aimed at foreigners, such as international schools and English-speaking businesses.

Alicante province is most favoured by British foreign residents and according to the latest data from Spain’s National Statistics Institute (INE) for 2022 there are a total of 75,263 Brits living in Alicante province.

READ ALSO: The towns in Spain where Brits outnumber locals

There are also plenty of other nationalities who’ve made Alicante their home, and the province accounts for 49.7 percent of the Valencia region’s foreign population.

Colombians, Italians, Moroccans and Russians make the majority together with Britons, but there are also municipalities with a strong Norwegian, Swedish and Irish community.

READ ALSO: Dutch, Irish and Norwegians are buying twice as many homes in Spain

Provia recently met with the president of the Valencia region Ximo Puig to explain the importance of foreign property buyers in the region and how it could help Valencia economically. They also asked that the regional government pay more attention to this sector.

According to Provia, more foreign buyers can also attract more tourism and generate jobs as well as generate public income through taxes.

READ ALSO: Spain wants to offer more than 90 days to Britons, but can it do so legally?

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PROPERTY

How does Spain’s new website to find cheap homes up for auction work?

Spain’s Tax Agency has created a new web page where you can find great bargains on properties sold at auction. Here’s what you need to know.

How does Spain's new website to find cheap homes up for auction work?

If you’re looking for a property to buy in Spain, one option you may want to consider is buying a home at auction, where you will often pay below the market value.

In Spain, the Agencia Tributaria or Tax Agency owns many properties, most of which have been repossessed or seized due to outstanding debt.

Many of these properties are put up for auction, enabling you to get some great bargains. Up until now, it has been difficult to find out when these auctions are held and the details of the homes being sold, but recently the Agencia Tributaria launched a new web page providing all this information.

The page provides details on all the properties in all the different provinces across the country and is dedicated to the sale of homes, garages, plots of land and commercial spaces with prices from just €20,000. You can access the site here

When you get to the page, simply click on the province that you’re interested in and you’ll find a list of all the properties to be sold at auction there, including photos, information on the size and number of rooms, a description, and a guide price.

The site will also give you financial information such as the minimum bid amount, the auction value and an appraisal of the property.

When you find some properties that you’re interested in, you can go and log-in with your [email protected] PIN to save them to your favourites list and receive notifications to your phone about the date of the auction.

READ ALSO: How to save lots of time on official matters through Spain’s online [email protected] system

According to property giant Idealista in order to place a bid, you must pay 5 percent of the starting price and when the auction is over, if you are the highest bidder, you will have to pay the remaining amount within a particular time frame. You can pay this in cash or through a mortgage. 

Be aware that you may also have to pay several fees, as well as the price of the property such as the Patrimonial Transfer Tax and Tax on Documented Legal Acts. 

If you register on the Auction Portal with your digital certificate or a username and password, you will also be able to see the bids that have already been made on the home, as well as the cadastral reference. You may also be able to place provisional bids ahead of time.

For those who are unsure of how the auction process works in Spain or are nervous about going to their first auction, the Tax Agency website also details all the auction and bidding procedures. For any other information that you can’t find online, you can call 91 598 63 34.

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