With Benidorm being such a popular holiday destination, a good portion of it’s property is in the form of holiday rentals, mainly being apartments in the city centre. Having said that, Benidorm covers a large area and for those looking to purchase property here or seeking a long term rental, there is a great choice of property types in a variety of residential areas. Now is an excellent time to buy property in Spain as the economy is starting to pick up, and the huge slump in property prices due to the 2008 economic crisis is starting to improve, although there are still some great bargains to be found.
When looking for property for sale and long term rent, during the winter is by far the best time. This is due to the fact that many home owners who are thinking of selling or renting long term can make good money by offering their property for holiday rental during the summer, then put it back on the market come winter. This especially applies to long term rentals which can be extremely hard to find in the summer. Prices range from as little as 20,000€ for a studio apartment in need of some refurbishment, to grand mansions with private beaches that sell for millions.
Property types include a range of apartments from tiny studios to large penthouses that take up the entire top floor of an apartment block with wrap around balconies and all the latest mod cons. Townhouses are popular in Benidorm and, unlike the name suggests, are not only found in the town. These are mainly terraced or semi-detached with 2, 3 and even 4 levels, many with roof solariums, great for sunbathing and hanging the laundry. Quads are similar but usually semi-detached or detached, with most having private garages and gardens. Bungalows, due to their single storey layout are a popular property choice for retirees and those with disabilities. These are usually quite small, with 1 or 2 bedrooms and some with small private gardens.
Villas are the most diverse type of property to be found in Benidorm and come in all shapes and sizes. Some of the smaller, semi-detached designs are difficult to differentiate between a quad and share similar features, with the only difference being, most estate agents will use the more appealing name villa. There are some beautiful examples of traditional Spanish villas in Benidorm with large sprawling gardens, secluded terraces, archways and pretty inner courtyards with rockeries and fountains where all the bedrooms open onto. New build villas come in a variety of designs, and a favourite among Scandinavian buyers are the ultra modern villas with clean lines, large windows and open plan internal layouts. One of the bonuses of purchasing a new build property is being able to choose the garden and interior design, as well as what fixtures and fittings you prefer.
Property areas in Benidorm are really a matter of personal choice and the amount of finance you are willing to spend. With property the world over, if you want to be on or near the beach you will pay for the privilege, and frontline properties in Benidorm don’t come cheap. The same applies to having a private pool and garden, but many of Spain’s coastal regions offer a clever compromise. Gated communities can be found in a number of countries around the world, and aside from offering a safe environment, most come with shared facilities such as swimming pools, tennis courts, parks and green areas. These are very popular with the country’s expats who tend to form a little home away from home and hold regular weekend BBQ’s quiz and cards nights and generally look out for each other. The annual fees that come with living in a gated community depends on the location, facilities available and number of properties sharing them, and can range from a couple of hundred euros per annum to a couple of thousand.