Foreign buyers were 26% of the market in the Valencian region in the first quarter of the year, with 5,2365 purchases inscribed in the Land Register. As a quarter of the market, foreigners are obviously crucial to the housing market in the region.
When you break foreign demand down by province, 80% of foreign demand goes to Alicante province, home to the North and South Costa Blanca. So, as far as foreign demand is concerned, the Valencian Region is really just Alicante and the Costa Blanca.
Why do so many foreign buyers head for Alicante’s Costa Blanca, and so few for the coast of Castellón province, known as the Orange Blossom Coast, or Costa del Azahar in Spanish? It has some wonderful beaches, and in many ways is more like the ‘real Spain’ than the Costa Blanca, and many foreign buyers like to think they want an authentic location. The main reason appears to be Alicante’s powerful sales infrastructure built up over the last 50 years. There’s nothing they don’t know in Alicante about selling property to foreign buyers.
