Gandia Is Most Profitable Coastal Town In Spain

GANDIA is officially the most profitable coastal town in Spain to invest in housing.

A report entitled Profitability in Summer Coastal Municipalities 2023 published by a leading national online real estate platform shows that the capital of La Safor has a profitability margin of 11.6 per cent, the highest all along the Spanish coastline and a figure that is 6.5 percentage points higher than 10 years ago.

This effectively means that the investment of buying a house in Gandia is recovered in less than 10 years – a profitability that is not usually found in other types of investments, with the exception of renewable energies.

Average profitability for housing in Spain is said to currently be at 6.6 per cent, meaning Gandia practically doubles the figure for the country as a whole – a fact that is reportedly not new as the trend has continued for some time.

Among the reasons suggested for Gandia’s leadership as the most profitable coastal municipality in Spain are having one of the best known and attractive beaches in the country, being well communicated with Valencia city, offering first-class services and, of course, a pleasant all-year-round climate.

Gandia is followed on the list by Laredo in Cantabria (11.1 per cent) and La Manga del Mar Menor and Aguilas in Murcia (both with 10 per cent).

The website reveals that the profitability of housing has gone through different scenarios over the last 15 years and, in 2023, Spain’s coastal towns and cities have experienced a change that makes the idea of investing in housing increasingly attractive.

The growing demand for holidaying in coastal areas has caused the profitability of housing to soar two or even three times over the last 15 years, the portal confirms. Whereas in May 2008 only nine coastal towns and cities exceeded the average profitability in Spain – set at 4.2 per cent back then -, in 2023 there are 26 municipalities with a profitability equal to or higher than the national average.