Buying a flat or an apartment on the Costa Blanca can make a great investment. Costa Blanca offers one of the best climates in the world, safe living and a low crime rate. Spain also has the lowest cost of living in Europe, and buying an apartment is cheaper than in many other European countries. The average price per square meter of an apartment with a total floor area of 120 m2 in one of the major cities of Spain is 4,978 euros. In comparison, in Germany, the average price per square meter for a similar-sized apartment will be 5,907 euros, in France - 12,796 euros, in the UK - 23,932 euros. The average price per square meter of an apartment on the Costa Blanca (province of Alicante) is several times lower and amounts to 1,247 euros. On the Costa Brava (Barcelona) - 3,281 euros. On the Costa del Sol (Malaga) – 1,556 euros.
At the same time, the cost of renting a flat or an apartment in Spain is quite high (622 euros per month) and ranks third highest after the UK (1,045 euros) and Ireland (679 euros). The average cost of renting an apartment on the Costa Blanca is 685 euro/month, which is just slightly higher than Spain’s average. On the Costa Brava - 1,697 euro/month. On the Costa del Sol – 1,838 euros. It is clear that the cost of living on the Costa Blanca is much cheaper than on any other Spanish coast! In the case of buying a flat or an apartment on the White Coast, you are guaranteed to receive a higher return on investment than buying a home in other European countries or other Spanish coasts.