Foreign investment in the Costa Blanca has brought in a staggering 4,500 million euros in the last three years.
Alicante province is leading the field in sale of houses to foreign investors – 2,485 in the first quarter of the year out of 8,940 homes sold. That is in spite of the fact that houses sold or rented long term require an energy certificate by law.
This might seem like good news and it is for the buyers who are paying on average a lot less than they were in 2010 (108,327 against 153,727). Not such good news for sellers though who are losing a substantial amount on their investment!