A study on the luxury real estate market carried out by the Tecnicasa Group highlights that the province of Alicante, especially the regions of Marinas Alta and Baixa, has joined the select group of areas with the greatest supply of villas and mansions in recent years. multi-million dollar price. The study reviews properties valued at 4.8 million euros in Altea, and homes worth over four million in towns north of the Costa Blanca, such as Xàbia and Teulada-Moraira.
These are areas that have distinguished themselves for decades by attracting vacation and second home customers with a higher average purchasing power than areas like Benidorm or Torrevieja, more oriented towards the middle class, and despite the price boom that Tecnicasa assures which has occurred since the pandemic, at a rate of 25% annually, its cost is still very competitive with respect to the most exclusive points of Mallorca or the Costa del Sol.
The majority of buyers are foreigners, individuals or investment funds seeking profitability, and in more than 80% of cases they pay in cash, without a mortgage. And a search on the most used real estate portals shows us more than 300 homes valued at more than three million euros in the imaginary triangle that results from joining Dénia with Moraira and Altea on the map.
It is precisely in Altea Hills, the exclusive urbanization that rose to fame when the news spread that Vladimir Putin had spent some of his holidays there, where we find villas with the highest prize: 8.5 million euros. We are talking about a villa with panoramic sea views in a private urbanization, 3.5 km from the Marina Greenwich Yacht Club and a similar distance from Altea La Vella.
There are 1,800 square meters built, on a plot of about 3,000, spread over several floors, with an elevator, seven bedrooms and 11 toilets, a 120 m2 swimming pool and a tennis court. There is a guest area with three bedrooms and all the excesses necessary to make a Ballon d’Or happy: 36 m² indoor pool, jacuzzi, gym, beauty salon with hairdresser included, Finnish sauna for 6 people, Turkish sauna for 6 people , double shower, 1 guest toilet and cellar.
For a little less, about 8 million euros, we can open a new villa in Xàbia, a luxury villa with a modern design on the seafront in Cabo La Nao. There are 600 useful m² plus 500 of terraces, five large double bedrooms with en-suite bathrooms, two guest toilets, private SPA area with gym, outdoor pool…
There is no need to exaggerate either. Luxury and good views without needing space to accommodate a symphony orchestra are guaranteed in dozens of chalets in the north of the Costa Blanca, on the coast or in the inland mountains, for those looking for something more secluded.
Not only in the aforementioned towns, but in Dènia, Calp, Benitatxell… even in the municipality of Benidorm: there is a 4.5 million euro villa for sale in Sierra Helada from which you can enjoy a panoramic view of bird of the skyline that Oscar Tusquets is so excited about. And there are only 4 bedrooms and two parking spaces, there is not enough space for inconvenient brothers-in-law.
Proof that above the meager average income that characterizes the local population rises a discreet but abundant opulence, we have it in the unequal distribution of the Michelin stars that the famous French guide awards each year: of the 13 restaurants distinguished in Alicante with the award most coveted by chefs around the world, 10 are in this area, commanded by the three-star Quique Dacosta.