Home to Europe’s largest salt water lake, the Mar Menor or ‘little Sea’, the Costa Calida is a tranquil area of the Mediterranean coast which enjoys a more rustic setting than its flamboyant neighbours.
Dubbed as the Costa Calida or ‘Warm Coast’, its name has been born from its Mediterranean semi-arid subtropical climate with hot summers but more importantly, mild winters. The favourable climate allows for an extended golfing season which has promoted high levels of top quality golf development in the area; so much so that the area is rapidly becoming the golf capital of not only Spain but Europe as well. Previously undiscovered by much of the investor community, the region exhibits excellent value for money. The latest surveys show that house prices here are approximately 40% below the national average.
The Costa Calida has avoided over development which has helped the area cultivate a good supply/demand ratio which other areas have suffered from. Stricter planning laws now in place mean it is likely to retain its status as one of the least developed coastal areas of Spain. So, not only can you get more for your money in the Costa Calida; but with property development restricted here, real estate is likely to exhibit some strong financial returns.
Due to its excellent climate, great value for money, lower levels of development, comprehensive tourist infrastructure and outstanding golf facilities the Costa Calida has been selected to host Europe’s second largest theme park, the Paramount Theme park which is expected to rival Disneyland Paris. Once the €1 billion Park is complete in 2015, the Costa Calida is expected to become one of the most visited areas of Spain. This park presents extraordinary investment potential in the Costa Calida for buyers who look to capitalise on the low prices and expected returns associated with an attraction of that size in the area.