Property for sale in Los Balcones Y Los Altos

In Los Balcones and Los Altos, average real estate prices can vary significantly depending on property type and location. As of late 2023, the typical price for a two-bedroom apartment ranges from €120,000 to €180,000, while three-bedroom villas might cost between €220,000 and €350,000. Properties closer to amenities, such as supermarkets and parks, tend to be higher in demand, driving prices towards the upper end of these ranges. For instance, a well-located three-bedroom townhouse with a communal pool may be listed at around €300,000, while older apartments further from the main facilities could be found for approximately €100,000. Additionally, larger detached homes in desirable areas can reach prices up to €500,000 or more, depending on their features and proximity to the coast.

Over the past year, real estate prices in Los Balcones and Los Altos have experienced a noticeable increase. In Los Balcones, the average price per square meter rose from approximately €1,600 to around €1,800, marking a growth of about 12.5%. Similarly, in Los Altos, prices have surged from €1,700 to €1,900 per square meter, reflecting an approximate increase of 11.8%. This uptick can be attributed to a growing demand for properties in these areas, driven by their proximity to amenities and the Mediterranean coastline. For instance, a three-bedroom villa that was listed for €250,000 last year is now on the market for about €280,000, indicating a clear trend toward higher valuations. Additionally, rental yields have improved, with average monthly rents for similar properties increasing by 15%, from around €1,200 to €1,380.

Real estate prices in Los Balcones and Los Altos are influenced by several key factors, including location, amenities, and market demand. Properties closer to the Mediterranean coastline often command higher prices, with homes in prime positions fetching up to €250,000 for a two-bedroom apartment, compared to €150,000 for similar properties situated further inland. The availability of local amenities, such as schools, shopping centers, and healthcare facilities, notably impacts desirability; for example, proximity to Torrevieja's facilities can raise property values by approximately 10-15%. Additionally, the current demand in the market plays a crucial role; fluctuations can be observed where the average price per square meter rose from €1,200 in 2022 to around €1,400 in 2023, driven by a surge in interest from international buyers. Seasonal trends, such as increased foreign investment during summer months, create further variability, with prices peaking around 20% during that time in popular residential areas. Furthermore, economic factors, such as interest rates and local employment rates, contribute to the overall market sentiment, impacting buyers' purchasing power and, consequently, property prices.

In Los Balcones and Los Altos, seasonal trends in real estate prices show notable fluctuations throughout the year. During the peak summer months, particularly July and August, property prices can increase by approximately 10-15%, driven by the influx of tourists and holidaymakers seeking vacation homes. For instance, a two-bedroom apartment that might list for €145,000 in April can rise to around €160,000 by August. Conversely, in the winter months, particularly from December to February, there is typically a decrease in demand, leading to price reductions of about 5-10%. Properties that might have been on the market for €150,000 in December may see their prices drop to around €140,000 by February. This pattern underscores the influence of seasonal demand on real estate valuations in the area.

In Los Balcones and Los Altos, the price range for houses typically varies between €150,000 and €400,000, depending on specific features and locations within these areas. For example, a two-bedroom apartment can often be found for around €150,000 to €200,000, while a three-bedroom townhouse may range from €250,000 to €350,000. Larger villas with private pools and modern amenities can reach higher prices, often between €350,000 and €500,000. These prices can fluctuate based on proximity to local amenities, the condition of the property, and whether it includes outdoor space or panoramic views. Additionally, recently renovated properties tend to command higher prices compared to those needing refurbishment.

In Los Balcones y Los Altos, property sizes play a crucial role in determining market prices. Generally, smaller properties, such as one-bedroom apartments, can range between €70,000 to €95,000, which attracts first-time buyers and investors looking for rental opportunities. In contrast, larger homes, particularly three-bedroom villas, can command prices from €180,000 to €250,000, depending on the amenities and location within the area. For instance, properties with private gardens or pools typically have a premium, often listed at €220,000 or higher. Additionally, the average price per square meter also varies significantly; smaller units can average around €1,200 per square meter, while larger, more luxurious homes can exceed €1,800 per square meter, influencing overall investment decisions and market demand in Los Balcones y Los Altos.

The property market in Los Balcones and Los Altos has shown varied trends recently. As of late 2023, property prices in these areas have remained relatively stable, with average prices hovering around €1,500 to €2,000 per square meter. For a two-bedroom apartment in Los Balcones, listings typically range from €120,000 to €180,000, while similar properties in Los Altos might be priced slightly higher, averaging around €150,000 to €220,000 depending on the condition and proximity to amenities. The rental yield in these regions is attractive, with average rental prices for long-term leases at about €700 to €1,000 per month, appealing to investors looking for steady income. Additionally, the recent infrastructure developments, such as upgraded road access and improved public transport links, are factors that could influence property values moving forward. With a growing expatriate community and increasing demand for vacation rentals, the market dynamics in Los Balcones and Los Altos continue to evolve.