Apartments in Benidorm - secondary market
Benidorm: location, climate, and tourism
Benidorm is a city and municipality in the province of Alicante in the autonomous community of Valencia, located on the Mediterranean coast of Spain.
The climate is Mediterranean with mild winters and hot summers. There are more than 2800 hours of sunshine a year, the average annual temperature is 18 degrees Celsius. In summer, it reaches 32 degrees during the day, the average minimum temperature at night remains above 20 degrees (this phenomenon is called tropical night). Rains are typical for mid-late autumn.
Benidorm is popular with tourists from Great Britain, Ireland, Belgium, and Eastern European countries. It is attractive both for youth lovers of nightlife (a large number of pubs, tapas bars, cabarets, casinos) and families with children (a wide range of entertainment and safety), people of the third age from northern Europe prefer to spend the winter here (affordable medicine and mild climate). The city has three main beaches (Playa de Levante, Playa de Poniente, and Playa de Mal Paz), all of which have the Blue Flag award, the highest quality standard recognized by the EU.
It is profitable to invest in the resale of Benidorm
Benidorm is one of the ten European cities in terms of the concentration of skyscrapers, the index of the number of city residents living in apartments is considered one of the highest in the world. There are both luxurious and inexpensive apartments on the market, as well as cozy townhouses in the suburbs.
Benefits of buying an apartment in Benidorm:
- accommodation in a modern city in close proximity to the beach,
- developed resort infrastructure,
- regular transport links with many cities of the country,
- quality building,
- the possibility of obtaining a stable rental income.
The secondary market offers investors the following types of apartments:
- studios - small one-room apartments of an economy class (20-40 sq.m.) with a zoned kitchen;
- apartments (apartamento) or apartments (piso) - a classic type of living space from 50 to 100 m² in the city or suburbs, where the dining area is combined with the living room (apartment), or the kitchen and living room are separate (flats);
- penthouses (penthouse) or atiko (atico) - elite multi-room apartments on the top floor of a high-rise building or living quarters on the roof of a skyscraper.
Prices for apartments in Benidorm
The cost of an apartment in Benidorm depends on the location, distance from the beach, infrastructure, year of construction, condition (renovation) and other characteristics. Apartments directly by the sea and coastal areas are more expensive than in urban areas.
According to the real estate search engine GEOLN.COM, the minimum price per square meter is $3,900.
Buying and selling apartments in Benidorm without intermediaries: the procedure and nuances of investing
The GEOLN.COM website with a convenient search interface helps investors to buy an apartment in Benidorm without intermediaries, where you can quickly and easily select an option from the owners according to the necessary parameters (a wide selection of verified objects with photos). Owners of real estate objects put up their offers for sale on the site on their own.
The procedure for a sale and purchase transaction involving a notary, who is a regional representative of the Registration Chamber, is clearly regulated by the tax legislation of Spain, so that fraud by unscrupulous sellers is completely excluded.
In Spain, it is also possible to purchase secondary real estate in a mortgage on favorable terms (with a minimum interest of four to five) for a period of ten to twenty-five years.
Buying an apartment in Benidorm is a profitable investment that guarantees a high rental income, the opportunity to live on the Mediterranean coast in a country considered one of the most sought-after European year-round tourist destinations.