Could buying an apartment in Benidorm or Alicante be a good investment idea?

It is worth considering several factors before making a decision. Here are some elements to consider:

1. Tourist popularity: Both Benidorm and Alicante are popular tourist destinations in Spain. Both places attract tourists from different countries, which can lead to interest in renting apartments. High tourist demand can help generate rental income.
2. Real estate market: Investigate the current state of the real estate market in Benidorm and Alicante. Check price trends, property availability and expected returns on investment. It is also worth assessing whether the value of the property tends to increase in the future.
3. Seasonality: Both Benidorm and Alicante are seasonal destinations, where rental demand can be particularly high during the summer. You can expect higher profits during the summer season, but renting can be more difficult in the off-season.
4. Competition: Both towns are popular with real estate investors, so competition in the rental market can be high. It’s worth researching competitive listings and thinking about how you can differentiate your apartment to attract tenants.
5. Infrastructure and attractions: Check out how developed the tourist infrastructure, attractions and amenities are in Benidorm and Alicante. Proximity to the beach, shopping malls, restaurants and other attractions can make the apartment more attractive to potential tenants.
6. Maintenance costs: When evaluating the profitability of an investment, it is important to take into account the costs of maintaining the apartment, such as taxes, property management fees, rent, maintenance and repair costs. Accurately estimating these costs is important for assessing potential gains.
7. Investment risk: Real estate investments always involve some degree of risk. Factors such as changes in local politics, regulations on short-term rentals or changes in the tourism market can affect an investment. It is important to consider these factors and be aware of possible changes. It is also worthwhile to consult an expert in real estate in Spain for sale, we will answer all your questions, get a detailed analysis and understanding of the local real estate markets in Benidorm and Alicante.