The top 10 factors that influence property values in Orihuela Costa and the South Costa Blanca

Understanding what drives property prices is essential before any foray into the local property market in Orihuela Costa. For sellers, it allows the correct pricing of a property for a quick and profitable sale. For buyers, it assures an informed and smart investment.

Property values are influenced by a combination of key factors, and knowing what they are will empower you to make confident decisions - whether you're buying or selling.

Here are 10 of the most important elements that shape today's house prices in Orihuela Costa.

1. Location, location, location

It's no surprise that location is consistently the most important factor in establishing a property's value. Naturally, homes closer to essential amenities, desirable beaches, and sought-after facilities will consistently command a premium.

A good location isn't just about convenience; it's a key part of the lifestyle that today's buyers are expecting. Properties within walking distance of popular golf courses or homes with beautiful sea views will always be in demand.

2. Size and outside space

Outside space is the single most desirable feature that buyers are looking for. People flock to Spain from across the world to enjoy the beautiful climate, and properties that make the most of their outside space will fare better on the property market.

Well-designed open-plan living areas, or sought-after outdoor spaces like patios, gardens, or roof terraces can significantly increase a property's appeal and value in Orihuela Costa.

3. A swimming pool

A luxury for some, essential for others, a swimming pool is regularly high on the list of must-have features for many international property buyers. Homes with space for a pool could interest buyers willing to bear the additional cost of the installation process.

Community pools are always popular, and we have seen private pools installed in the gardens of ground-floor apartments, which hits a niche with buyers looking for the luxury of a private pool combined with affordability.

4. Condition

Properties that are well-built, with high-quality finishes, and in good maintenance will fetch higher prices. Poorly maintained or outdated properties simply lose value unless they are renovated.

Buyers are often willing to pay a premium for a property they can move into immediately without the stress and added cost of renovations, and a home that shows signs of neglect will ultimately attract low offers.

5. Supply and demand

Spanish property developers continue to face challenges such as rising costs, a lack of available building land, and a constrictive administrative burden at all levels of government that impedes the delivery of new homes.

For the past few years, this lack of new development has exerted upward pressure on the resale market, increasing demand for resale properties and driving up house prices. Put simply, right now it's a seller's market in Spain.

6. Features and improvements

Modern finishes, updated kitchens and bathrooms, or integrated climate control systems can add value to your property. These improvements show that your home is ready for today's buyers.

Creature comforts such as electric garage doors, remote security shutters, and home automation systems won't add greatly to the value of your property, but they can be big selling points with buyers looking for comfort and convenience.

7. Eco friendly improvements

International buyers, particularly those from Northern Europe, find sustainable homes more desirable, and they're often prepared to pay more for them. Properties with solar power installations are becoming more prevalent in the local area, and it's a worthwhile investment for many buyers.

Solar or aerothermal water systems, electric vehicle charging points, and insulation installed to EU building standards, can all add to the value of a property and influence buying decisions.

8. Market trends

Just five years ago, selling a property bereft of outside space was almost impossible. The global health crisis changed buyer behaviour irreversibly, and whilst the effect isn't felt quite as acutely today, a small garden or private terrace always makes properties easier to sell.

Just as it changed the kind of properties people were looking for, it also changed the way we work. Remote working is more popular than ever before, and properties are no longer snapped up solely by retirees, but also by people of working age looking for their ideal work-from-home refuge.

9. Future developments

New planned infrastructure, commercial projects, or amenities like hotels, sporting facilities, or shopping centres can significantly raise a location's desirability - and property values.

Overseas property buyers tend to gravitate toward properties best served by a wide selection of local amenities. The addition of local bars, cafés, and restaurants can influence house prices over time.

10. Transport links

As a whole, Orihuela Costa benefits from good transport links, with regular public transport and proximity to both Alicante-Elche Miguel Hernández Airport and the Región de Murcia International Airport.

However, local public transport services can be patchy, and whilst properties located along the Mediterranean corridor enjoy regular services, properties in inland locations such as Villamartin or Lomas de Cabo Roig don't benefit from the same frequency of service.

First impressions are important

A buyer's decision is often made within the first few minutes of viewing a property, so first impressions are crucial. A tidy exterior with fresh paintwork and a well-tended outside space creates instant kerb appeal.

A clean, clutter-free interior that is brightly lit and neutral allows buyers to envision themselves living there easily. This won't necessarily add to the value of your home, but it will make it so much easier to sell.

Ready for a professional valuation?

A professional valuation is the best way to get an accurate and realistic price for your home. Our sales team will provide a detailed valuation and a clear marketing plan to help you sell your property for the perfect price.

You can book your free no-obligation valuation on our website 24 hours a day, seven days a week - just follow this link. Alternatively, send a WhatsApp to Shelley on +34 667 319 713 or just call +34 966 919 917.

The property featured in this article is on the market now. This exclusive villa in La Zenia offers contemporary style and luxurious accommodation in a prestigious and sought-after location. Take a closer look at the property listing.