2 Bed Apartment €269,900 Los Alcazares Costa Blanca
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About This Property
This 85m² two-bedroom, two-bathroom apartment in Serena Golf represents a compelling investment opportunity in Los Alcazares, where property values are appreciating at 8% year-on-year. Priced at €269,900 (€3,175/m²), this property commands a 44% premium over the area average of €2,200/m², reflecting premium specification and strong investment fundamentals. The typical weekly rental income of €800 positions this as an excellent holiday let opportunity, with demonstrated high demand from international tourists seeking quality Costa Blanca accommodations. Located in the rapidly developing Los Alcazares area, this apartment sits within a market experiencing consistent capital appreciation, particularly among properties targeting the holiday rental market. For UK investors and international buyers seeking reliable rental income streams with capital growth potential, this represents exceptional value compared to Spanish island markets like Mallorca and Ibiza. The strategic location near championship golf courses and Blue Flag beaches creates natural appeal for premium holiday let bookings, ensuring consistent occupancy rates and strong year-round returns.
About Los Alcazares
Los Alcazares occupies a prime position on Murcia's Mediterranean coast, offering a more affordable alternative to overcrowded Costa Blanca hotspots while maintaining excellent infrastructure and amenities. The town benefits from 320 days of annual sunshine with mild winters and warm summers, creating a perpetually attractive climate for both permanent residents and holiday visitors. Situated between Mar Menor and the open Mediterranean, Los Alcazares provides unique geographical advantages including water sports, natural lagoon bathing, and proximity to world-class golf courses. The area has experienced substantial development over the past decade, transforming into a cosmopolitan destination while retaining authentic Spanish character. Property prices reflect this development trajectory, currently 40% below comparable Spanish island markets, positioning the area as Europe's emerging property investment hotspot.
Life in Los Alcazares
Daily life in Los Alcazares revolves around Mediterranean leisure culture with genuine Spanish authenticity. The established international community speaks English widely, easing integration for UK and northern European residents. Local restaurants serve everything from traditional paella to international cuisine, with weekly markets offering fresh produce at Spanish prices. The expat demographic ranges from young professionals managing rental portfolios to retirees enjoying low-cost living with excellent healthcare. Supermarkets including Mercadona, Lidl, and Consum provide familiar international brands alongside local specialities. Cultural activities include golf clubs, beach clubs, and community events throughout the year. The relaxed pace contrasts sharply with overcrowded tourist destinations, yet maintaining full modern amenities and services.
Investment Potential
Los Alcazares has emerged as Spain's most dynamic property investment market, with values climbing 8% year-on-year as investors recognise the region's potential. This apartment's €3,175/m² pricing reflects premium specification while remaining 40% cheaper than comparable properties in Mallorca, Ibiza, or coastal Barcelona. Holiday rental demand remains consistently strong, with typical weekly rates of €800 generating €41,600 annual gross income (52 weeks). Realistic conservative estimates suggest 30-35 weeks annual occupancy yields €24,000-€28,600 before expenses, representing 9-10.6% gross returns. Property taxes remain minimal compared to Northern Europe, and non-resident landlord status simplifies administration. Capital appreciation acceleration is expected as infrastructure improvements and international marketing intensify Los Alcazares' profile as Europe's alternative Costa del Sol.
Estimated Rental Income
Based on 65% occupancy rate
Costa Blanca Price Growth (€/m²)
Rental Yield by Area (%)
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Oskar Peterson
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I help international buyers find their perfect home in Costa Blanca. I speak English, Swedish, and Spanish.
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