If you buy a Costa Blanca property you'll have a good chance of generating a healthy income from letting as long as you study the market carefully and make the right choice of location and property type. Costa Blanca means "White Coast" and refers to the seemingly endless stretches of wonderful sandy beaches which extend from the cosmopolitan town and fishing port of Denia in the north down to the popular tourist resort of Torrevieja in the south.
Along with the Costa del Sol, the Costa Blanca is one of the most popular holiday destinations and prime investments areas in the whole of Spain. With visitors showing an ever-increasing trend towards self-catering accommodation, buying a property to let in the region is one of the most sure-fire ways to invest your money in today's economic climate.
But be careful which part of the Costa you choose to invest in. This long stretch of coastline includes everything from big, brash Benidorm with its skyscraper hotels and high rise apartment blocks to upmarket resort areas dominated by select holiday villas. In between you'll find Spanish seaside towns - such as Villajoyosa and Guardamar - where there's very little foreign influence.
Resorts at the beautiful northern end of the Costa - Denia, Javea, Moraira and Altea - are relatively expensive areas in which to invest but if you can afford to buy anywhere near the sea in any of those areas you'll be able to charge premium rate rental tariffs. Property prices at the southern end of the Costa are considerably cheaper primarily because the area is far less attractive. The landscape south of Alicante is barren and flat whereas the northern end of the Costa Blanca is green and mountainous. You'll still be able to let a holiday home in an area such as Torrevieja, for example, but bear in mind that you won't be able to charge the high rental prices of the more exclusive northern resort towns.
The key to success is to go as upmarket as you can afford without breaking the bank and buy a property within easy reach of what most holidaymakers wants - the sea, an international airport, shopping, leisure and entertainment facilities.
New holiday villas and apartments are springing up all along the coastline especially around Spain's major theme park, Terra Mitica, which opened on the outskirts of Benidorm in the summer of 2000.
Areas such as Javea and neighbouring Moraira are more or less midway between Valencia and Alicante airports which are about an hour's easy driving on the toll-paying motorway. Both have regular flights to all major European destinations and Alicante is served by a wealth of cheap charter flights from the UK.
If you market your property well and adjust your rental tariff according to the season you should be able to secure bookings for several months of the year, not just in high season.