Costa Blanca: Beaches, limestone and mortgages for non-residents
The “Costa Blanca”. Even with a minimum of Spanish, most of us can translate that as the “White Coast” and very apt it is too, referring not only to the long, sandy beaches of Denia, Javea and Moraira, but also to the glistening limestone of the countless bays and coves between, and the iconic Ifach rock of Calpe.
But to define the area by its coastline is to miss out on the treasures of the inland mountains, valleys and villages of the region.
Just half hour’s drive inland takes you to the “Val de Pop”, often referred to as the Jalon Valley, home to the villages and small towns of Jalon, Alcalali and Lliber among others, sitting among the vineyards and almond groves the area is known for. Each has its own distinct character; Jalon with its wine “bodegas” and weekly market, and Lliber with its annual “Festival of the Cured Sausage” (yes, it sounds better in Spanish!) is not to be missed.
A Little further inland and up through the mountains, the historic city of Alcoy gives a real sense of Spain, from its early Iberic settlers, through to the reconquest following the years of Moorish civilisation. Its Moors and Christians festival is famous throughout Spain.
Whether your passion is for history, food and drink, hill/mountain walking, cycling or e-biking, the interior area of the Costa Blanca is a must to explore.
Property purchase and mortgages in Costa Blanca
Given the variety of coast, mountain and valley, the traditional villages and not forgetting the coastal towns with their marinas and smart restaurants, it’s not surprising that demand for property in this area is high. At Mortgage Direct, one in six of the mortgages we have helped our clients obtain has been in Alicante province, home to the Costa Blanca, only surpassed by the Balearic Islands (see chart below).
The average purchase price has been around 260,000 euros, with average mortgage around 160,000 euros – but given the diversity of the area and the properties available, there is something for every taste and every budget.
If you think the Costa Blanca may be for you, and you may need a mortgage to help you achieve your dream, we’ll be delighted if you contact us for an initial quote and information, with no commitment on your part. Visit our dedicated page on our website to read all about getting a mortgage in this region of Spain.
Written by Steve Kennedy, Mortgage Adviser at Mortgage Direct