Costa News Spain Breaking News | English News in Spain.
The latest luxury development in Spain, just a few minutes from Benidorm, shows that the foreign demand for the top end of the market is still strong.
The Delfín Natura has officially opened its doors in El Albir, Alicante, following an €80 million investment by local developer Goya Real Estate.
The complex, which is located on a 30,000-square-metre plot between Albir Beach Natural Park (Sierra Helada) and Albir Beach, has a mixed use model, allowing its owners to rent out their apartments through a holiday renting programme managed by Goya Real Estate.
The project has been a commercial success due to the strong interest from overseas buyers. Buyers from more than 12 countries have purchased 160 apartments in three phases.
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The project is divided into three phases, totaling 160 apartments. Three units are still available in the first phase. The second phase has sold out.
Of the 62 units in this third phase that is currently on sale, 54 have already been reserved.
Prices have steadily increased across each phase, from €449,000 in the first to €655,000 in the latest, demonstrating sustained appetite from foreign investors despite broader economic uncertainties.
Sales have been dominated by international buyers, including those from Spain, Germany, France, the Netherlands, Belgium and Norway.
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The interest from foreigners reflects Spain’s appeal as an overseas investment haven, particularly on the Costa Blanca.
The complex, built on the former site of a BBVA Staff Residence, features extensive communal spaces including pools, spas, gyms, cinema rooms, and landscaped gardens.
Goya Real Estate CEO Sergio Vidal Balaguer said the development aims to create ‘a new lifestyle’ whilst respecting the area’s natural environment and agricultural heritage.
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Although the new development will boost the tourism industry in the area, it is also adding to the growing concern about Spain’s housing crisis.
The Costa Blanca is awash with luxury tourist developments, while local residents are struggling to keep up with rising property and rental prices.
Some critics claim that such developments lead to gentrification and housing shortages in coastal areas. However, supporters point out the economic benefits and job creation for the area.
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