Playa Flamenca Property Buyers Guide
The Playa Flamenca area on the Costa Blanca is very densely populated which means there are always a large selection of properties available to buy. Most of these are resale properties and range from townhouses, apartments, villas and duplex models.
Most of the serious property investors avoid the area because there are always plenty of the same type of property available to buy at any one time. This means that it can take between 6-9 months for common types of properties such as townhouses to move.
The Playa Flamenca area is a good place for many people to buy and is an affordable way to get onto the Spanish property ladder. Sales at the moment are fairly static due to the amount of properties on the market though this does open up many opportunities for new home buyers or for those looking for a second home in the sun. Both these sets of buyers will be looking for bargains and there are plenty to be found at Playa Flamenca.
One of the main attractions to buying in the Playa Flamenca area apart from the affordable prices is the location. Playa Flamenca itself sits on both sides of the main N332 Costa Blanca coastal road. With most of the building work has taken place on the inland side of the road and the place to find good priced townhouses and duplex properties the beach side of the road is much more expensive.
Playa Flamenca has good road networks and two airports no more than a 40-minute drive away meansing you can take advantage of low cost flights with the many budget airlines. Playa Flamenca also has a good school that is in walking distance for all children. There are a wide range of supermarkets available making the area suitable for families.
Torrevieja is only 10-minutes away by car with Cartegena around 35-minutes. Shooping can be done at the Habaneras shopping centre near the huge Carrefour Hypermarket just off the N332.
For bargain shopping then look no further than the Playa Flamenca Saturday market. Here you will find hundreds of stalls selling local produce and crafts.
Entertainment is never far away at Playa Flamenca with the commercial centre home to over 100 bars and restaurants offering live nightly entertainment. Here you will also find more shops and a gymnasium and fitness class to keep you in shape.
On the inland side of Playa Flamenca the cost of a small townhouse can be found for as little as 125,000 euros with smaller apartments at only 110,000 euros. If you wanted larger property then duplexes can be found starting at 140,000 euros with villas coming in at 150,000 euros. These prices can fluctuate according to their location at Playa Flamenca. Properties located on luxury developments will always command higher prices. Buyers will always be prepared to pay more for secure gated communities with well maintained gardens and pool areas. If you are fortunate enough to have a sea view on the inland side of Playa Flamenca then this can also command higher prices.
The beachside properties are a sound investment because there is only so many properties that can be built in the limited space available. With a newly refurbished promenade and pleasant beach area with shops, post office and bars the beachside has become a little exclusive and the property prices will always mirror this.
For first time buyers, the retired and those on a smaller budget Playa Flamenca has much to offer. With so many properties on the market it pays to do some research first. Though the market is fairly slow at present as long as you buy quality in a popular location then you should see a return in your investment in the long term.
(ArticlesBase SC #75700)
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