Real estate in resort areas of Spain is traditionally in demand by foreign buyers and investors. Such properties can be called universal – they are suitable for both living and renting out. However, it is also important to remember that real estate in Spain is steadily becoming more expensive, and the rate of price growth noticeably outpaces income from bank deposits.
However, buyers who are interested in real estate in Spain are often confident that implementing such a project will require significant costs. That is particularly true if the apartment, house, or villa is located in a resort area and has high investment potential or the buyer wants to obtain a Spanish residence permit.
In general, such fears are not unfounded. The price of most properties appearing in real estate catalogs includes the intermediaries’ margin. Because of this, it is pretty tricky for investors with limited financial resources to buy an apartment or house in Spain, especially if the project has some features that are not usually associated with the conditionally “lower-priced” class.
Truly fascinating houses and apartments in areas with developed infrastructure are still a challenge to find. For a buyer looking for a property with furniture, kitchen appliances, and an excellent design, the choice is even narrower, especially if you need to meet the conditions for obtaining an investment residence permit.
Apartments in a residential complex on the Mediterranean coast have provoked a reassessment of priorities in the Spanish real estate market. The developer was able to make an offer that was, if not unique, then at least lovely and exciting, keeping the price within the budget segment.
The reason for saying so is a combination of characteristics that is very atypical for Spain. The total area of the apartments is 144 m2, and the price of the property starts from 510,000 EUR. The average per square meter price is a little over 3,500 EUR. For the real estate market of a developed European country, this is not at all as much as it might seem. Skeptics will argue that if you want, it is not impossible to find a cheaper apartment. Well, they will be right in their own way.
However, they will “forget to take into account” the following features:
- These apartments are located in the resort area, close to the coastline (no more than a 20-minute stroll at a leisurely pace).
- The offer is based on the “all-inclusive” principle (furniture, household, and kitchen appliances);
- The apartments are part of a residential complex estimated to be commissioned in October 2025 (and the buyer can count on attractive conditions today without risking their money by investing it in long-term construction);
- The apartments provide eligibility for participating in the Spanish residence permit for investments program.
With such initial conditions, the price threshold (from 510,000 EUR) can no longer be called high. After all, you are not just buying an apartment. It is an investment with minimal risk that provides practical and effective options for protecting and diversifying your savings.
Description of the area
The Costa del Sol is a typical resort area in Spain. There are many famous beaches with fine white sand visited by tourists from around the world, and there are some places that tourists usually do not know about. The weather is mild, with almost no sudden changes. There are at least 300 sunny days a year, but periods of extreme heat are rare.
The infrastructure is very well-developed. Everything you need is within walking distance, from pharmacies and small grocery stores to posh restaurants and large shopping centers. Note that the Costa del Sol has golf courses and marinas, which takes the area to a fundamentally different, higher level than many traditional resorts.
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Some might argue that 1.7 km to the beach is too far. But is it, really? On the contrary, this distance is not a disadvantage but a significant and noticeable plus for those who decide to live in the Costa del Sol for a long time instead of coming here for a measly two weeks on vacation. The unfortunate fact is that ordinary tourists and holidaymakers almost always create an atmosphere of discomfort around them, which often includes noise, petty theft, high prices, lack of transport, and trash in the streets and on the beaches.
The location of the residential complex featured here is entirely different. It is quiet, calm, safe, and very comfortable here. You feel quite at home; the place does not feel like a transit area of a busy airport or the lobby of a short-stay hotel.
However, if you want to feel the pulse of holiday energy, you do not have to go very far, either. Just a few minutes by car – and you find yourself in a completely different world, with neon flashes of restaurant signs, nightclubs, discos, themed bars, unlimited entertainment, and endless, uncontrolled freedom. That, perhaps, is the most crucial advantage of the Costa del Sol. It does not impose a lot of rules and does not force a specific format of holidaymaking on its visitors. The district gives you the right to choose and make your own decisions, find your way to adjust to the surroundings and make your wishes come true.
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Residential complex: the apartments
It is challenging to surprise anyone with classic residential complexes. Small villas “for club members” are aimed at a very narrow target audience – well-off (but not necessarily really wealthy) buyers and investors who understand what they want in their lives. There are usually no requirements regarding luxury, unique design solutions, or the elements of prestige, but safety and comfort are of the top importance.
The creators of the residential complex in San Pedro de Alcantara consciously implemented this concept. In addition, they managed to keep the financial viability for potential buyers and investors at a relatively low level. This fact does not make the residential complex unique, but it certainly deserves attention.
The residence in San Pedro de Alcantara has thirty-five separate apartments, each with two or three bedrooms. Duplexes with outdoor solarium terraces are also available to buyers. Garages are located on the ground floor, alongside various office and commercial premises.
Let us note that the residential complex’s architectural style is a fantastic combination of avant-garde solutions, hi-tech designs, and classic aesthetics. It is original, unusual, classic, and moderately bold – anything but primitive, dull, or typical. Comparing this residential complex with similar offers in the same price group, you will be sure to note a tremendous difference, even if you are far from being a fan of art and architecture. It has undoubtedly got our approval.
Individual apartments in San Pedro de Alcantara can also hardly be called standard. Their peculiarity is that the living room, the dining room, and the kitchen are separated, but there is no feeling that the owner is living in a zoned office space. The apartments offer quite a bit of free space, but the effective use of every inch is an inherent part of the architectural solutions. Therefore, you can fully relax, work, or receive guests if you like.
Available layouts:
- Two bedrooms + two bathrooms, with a total area of 123-161 m2, and a terrace (9-37 m2). Prices – from 480,000 to 715,000 EUR.
- Three bedrooms + two bathrooms, with a total area of 142-187 m2 and a terrace (11-54.5 m2). Priced from 510,000 to 652,000 EUR.
- Penthouses: two bedrooms + two bathrooms, with a total area of 238–240 m2 and a terrace (103 m2). Prices from 778,000 to 785,000 EUR.
- Duplex penthouses: two bedrooms + two bathrooms, with a total area of 231-256 m2 and a terrace of 96-122 m2. Prices range from 750,000 to 770,000 EUR.
- Duplex penthouses: three bedrooms + two bathrooms, a total area of 276–294 m2, and a terrace of 124–144 m2. Priced from 820,000 to 865,000 EUR.
Investment plans
The appeal of real estate in Spain for the end buyer does not depend solely on the features of a particular property. The financial plans provided by the developer are no less important. If they require immediate and full payment, most potential buyers have to face significant difficulties, especially when the inevitable additional costs are factored in with the transaction price.
The company promoting a residential complex in the San Pedro de Alcántara area has taken this point into account. Firstly, buyers can take out a mortgage loan from any bank in Spain. Many financial institutions are loyal to foreigners, and the requirements for the package of documents are relatively modest.
Standard financial plan:
- 15,000 EUR – a deposit paid when signing the contract (the amount is reserved, aimed at protecting both the seller’s and the buyer’s interests);
- 35,000 EUR transferred to the seller’s account no later than two months after the documents are prepared;
- 20% of the amount is paid immediately after pouring the foundation of the residential complex;
- 20% of the amount is added when the construction of the building is completed;
- 50% of the amount (minus the advance payment of 50,000 EUR) is paid after completion of all construction works; at this point, the developer transfers the keys to the new owner.
Other facts and factors to pay attention to:
- You can attract borrowed funds (loan, mortgage), but the rules for obtaining an investment residence permit in Spain are such that the minimum amount (500,000 EUR) must be paid with the investor’s own money.
- When planning your budget, remember the inevitable additional expenses and mandatory payments.
- To implement an investment project, you will need a bank account in Spain, a visa, and legal support. We provide all of these services.
- You can discuss all-in-one service packages with our experts. Such packages typically include organizing a flight to Spain, hotel accommodation, an accompanying expert, transaction support, legal assistance, a translator, and a tax consultant.
Still have questions? We invite you to discuss them in an individual consultation with our expert.
