Would you buy property in Benidorm?

LoadingFavourite

This topic contains 15 replies, has 11 voices, and was last updated by Profile photo of logan logan 7 years, 2 months ago.

  • Author
    Posts
  • #55210
    Profile photo of Anonymous
    Anonymous
    Participant

    Would anyone ever buy property (a flat in a high-rise, of course) in Benidorm? A place to use, not just a buy-to-let investment.

    The place intrigues me. In a funny way I have more time for Benidorm than most over-developed coastal towns in Spain, but at the same time it horrifies me.

    Trying to work out who would buy in Benidorm and why. I know I wouldn’t.

    Benidorm is front page news in Spain right now thanks to some political shenanigans in the town hall. Bunch of rednecks are in control.

    Mark

  • #94248
    Profile photo of Anonymous
    Anonymous
    Participant

    @mark wrote:

    Would anyone ever buy property (a flat in a high-rise, of course) in Benidorm? A place to use, not just a buy-to-let investment.

    The place intrigues me. In a funny way I have more time for Benidorm than most over-developed coastal towns in Spain, but at the same time it horrifies me.

    Trying to work out who would buy in Benidorm and why. I know I wouldn’t.

    Benidorm is front page news in Spain right now thanks to some political shenanigans in the town hall. Bunch of rednecks are in control.

    Mark

    They have nice beach there.They also have many family oriented activities including Aquaparks. The landscape is nice.

    The buildings are ugly as hell, it is crowded.

    It is well connected to Alicante.

    I would never buy but for a 1 week of holiday from time to time is OK-ish.

    Mark, what about Formentera? It seems to be one of the few non-overdeloped place in the Mediteranean Spain.

  • #94249
    Profile photo of Anonymous
    Anonymous
    Participant

    One of the ugliest spots on the coast IMO. I wouldn´t touch it with a barge pole.

  • #94250
    Profile photo of Anonymous
    Anonymous
    Participant

    Mark, I would not buy in Benidorm or Torremolinos ??? Many a reasons & I can pm you if you like as it seams you are looking for some material for a write up.

    Slight digression. Spain is not and can never be a Buy to let market in our life time. Anybody who treats it as a buy to let invest is in economical denial.

  • #94257
    Profile photo of katy
    katy
    Spectator

    I would not buy there or any other busy coastal Town. Don’t know why people poo-poo Benidorm and then buy in a similar place. Benidorm is no worse than Fuengirola, Torre del Mar (and lots more), infact is has a better and cleaner beach than most places. Snobbery is the reason plus those dreadful TV programmes.

    As Shakeel said buy to let is suicide on the Costas. But if it were not, why not benidorm? More feasible than some development miles from anywhere with an excuse for a golf course that real golfers wouldn’t consider renting. Many of pension age do long term winter in Benidorm, Spanish elderly like it too.

  • #94258
    Profile photo of Anonymous
    Anonymous
    Participant

    Katy, not only Spanish Costas. Its the same story in the non costas cities as well.

    It will only work for the Spaniards, who inherit the property from their family. This scenario will not apply from a UK buyer if he or she inherits money in the UK due to the opportunity cost of the money that they have inherited.

  • #94262
    Profile photo of Anonymous
    Anonymous
    Participant

    Mark,

    Have to say I find Benidorm revolting, again and no disrespect to anyone but driving through the streets you’d get confused as to whether you were going from London or Benidorm. The only good thing about it is the theme parks for the kids but I have to agree with flosmichael the scenery out that part of benidorm is stunning. The view out across the mountains from the dolphinarium is fabulous. I certainly wouldn’t buy a property there. I also think La Manga is destroyed also with the high rise buildings and was very disappointed when I drove down a year ago.

    🙂

  • #94292
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    @katy wrote:

    I would not buy there or any other busy coastal Town. Don’t know why people poo-poo Benidorm and then buy in a similar place. Benidorm is no worse than Fuengirola,

    how you can compare benidorm to fuengirola i have no idea.
    Personally i think Fuengirola is a great town with loads of life, and except for a few too many britsh bars on some sea front bits, very spanish, with a springling of other nationalities.

    Althgouh i don’t like benidorm mark, for many enjoy the ‘excitement’ of the place. its brash, its noisy, its what it is.

  • #94293
    Profile photo of katy
    katy
    Spectator

    Wasn’t knocking Fuengirola, I was actually defending Benidorm in a way 😀

  • #94294
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    @katy wrote:

    Wasn’t knocking Fuengirola, I was actually defending Benidorm in a way 😀

    😉 I’ll beleive you (this time).

    At the end of the day, we like what we like.

  • #94300
    Profile photo of Anonymous
    Anonymous
    Participant

    Having visited Benidorm several times over the years I think it’s OK if you like that kind of thing.
    The political scene has changed – for the worse IMHO, but they had a highly-respected, long-serving mayor for years and so I can’t see the people putting up with the turmoil (as stated in the local papers) for too long.
    There’s a lot of anger amongst Spain’s general population at the moment with their politicians. I’ve just returned from holiday up in Cambrils and I was shocked at some of the things that I saw in Barcelona; people sleeping on benches, bag people, some scary, wide-eyed tramps etc. and La Rambla wasn’t nearly as lively as before.
    Getting back to Benidorm though, as some have said, it does have some good points but I would be very apprehensive about buying there.

    They’re repeating the Benidorm experience at Calpe just up the coast and getting away with it, and that’s sad because Calpe’s quite a nice, friendly town.
    Near the fish market they’ve built apartment blocks within a few metres of the beach and each other and it’s really spoiled that area but planning permission was still given for another development near the rock!
    stevmk2

  • #94307
    Profile photo of Anonymous
    Anonymous
    Participant

    When I’m getting up at 5.30 am on a freezing dark winters morning for another day on the commuter run, Benidorm seems like paradise.

  • #94308
    Profile photo of Anonymous
    Anonymous
    Participant

    @Villan wrote:

    When I’m getting up at 5.30 am on a freezing dark winters morning for another day on the commuter run, Benidorm seems like paradise.

    What about South Miami Beach? The weather is quite good there over the winter (I spend 3 times New Years Eve swimming).

  • #94315
    Profile photo of Anonymous
    Anonymous
    Participant

    Yep that will do me. I’m packing my Speedos now.

  • #94318
    Profile photo of Anonymous
    Anonymous
    Participant

    😀 Its like Marmite you either love or hate it 😉

    🙂 for me

  • #94329
    Profile photo of logan
    logan
    Participant

    The mayor of Benidorm has recently resigned amid political infighting and dark deeds. Nothing new there.
    What is interesting about Benidorm from an investors view point is the winter long let market. If you go there in the winter months you will find the town populated by literally thousands of silver haired retired folk. Businesses cater for this same market offering cheap places to eat out. The camp sites are full to bursting point with that same clientele. Buying to let works in this market place, two long seasons with a reasonable return on investment. The difficulty is property has been and still is relatively overpriced despite the recession. Costa de Sol is the same.
    I predict by 2011 a decline to come in these property values of around 25%. You would have to be completely crazy to make any move in the current climate, this despite the solid buy to let market that exists in Benidorm.

You must be logged in to reply to this topic.