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  • Writer's pictureAdrià Guasch

Property sales on the Costa Daurada: sustained growth in 2023

The Costa Daurada, located in the province of Tarragona, is one of the most popular tourist areas in Spain. Its beaches, climate and cultural and leisure offer attract millions of visitors every year. This, at the same time, has boosted the real estate market in the area, which has experienced sustained growth in 2023.


According to data from the valuer Tinsa, home sales on the Costa Daurada increased by 15% in the first quarter of 2023, compared to the same quarter of the previous year . This trend has been maintained in the second quarter, with a growth of 12%.

These figures show that the property market on the Gold Coast continues to be attractive to buyers, both national and foreign. The main factors driving growth are:

  • The growing popularity of the area as a tourist destination: The Costa Daurada is a very popular tourist area, with millions of visitors every year. This generates a demand for housing both for residential use and for tourist use.

  • Population increase: The population of the Costa Dorada is increasing, which also creates a demand for housing.

  • Improving infrastructure: The Gold Coast's infrastructure is improving, making the area more attractive to buyers.

The price of housing

The price of housing on the Costa Daurada has also continued to rise in 2023. In the first quarter of the year, the average price of a home for sale was 2,500 euros per square meter, 10% more than the same quarter of the previous year.

The highest prices are in the capital Tarragona, Vila-seca and Salou, while the lowest are in the Ebre area.

The rise in prices is due to a combination of several factors, including:

  • Land shortage: The shortage of land available for construction has caused prices to rise.

  • High demand: Demand for housing on the Gold Coast is strong, which has allowed sellers to push up prices.

The demand for housing

Demand for housing on the Gold Coast comes mainly from domestic buyers, followed by foreign buyers, mainly British, French and German.

Domestic buyers are primarily looking for second homes, while foreign buyers are looking for both investment and residential use homes.

Experts predict that the demand for housing on the Costa Daurada will continue to be strong in the coming years. The area is a very popular tourist destination and the population is increasing.

Perspectives of the real estate market

Experts predict that the Costa Daurada real estate market will continue to grow in the coming years. Demand for housing in the area is strong and prices will remain stable or even increase.

The main factors that will drive the growth of the market are the growing popularity of the area as a tourist destination, the increase in the population and the improvement of the infrastructure.


Infrastructure improvement

The Gold Coast's infrastructure is improving, making the area more attractive to buyers.

Among the most important projects underway is the expansion of Reus airport and the construction of a new motorway that will connect the Costa Daurada with Barcelona.

These infrastructure improvements will make the Costa Daurada more accessible and attractive to buyers, both domestic and foreign.

Detailed data analysis

The detailed analysis of property sales data on the Costa Daurada during the first half of 2023 shows that:

  • The number of sales increased in all provinces of the Gold Coast. Tarragona was the province with the most sales, followed by Castelló and Girona.

  • The price of housing increased in all provinces of the Costa Daurada. Tarragona was the province with the highest average price, followed by Girona and Castelló.

  • Demand for housing came mainly from domestic buyers. National buyers accounted for 60% of total sales.

  • Demand for housing was focused on the coast.

Investors interested in the Gold Coast real estate market should consider the following opportunities:

  • Investments in second homes: The Costa Dorada is a very popular tourist destination, so investments in second homes can be very profitable.

  • Investments in rental properties: The Costa Dorada is also an attractive destination for tourists, so investments in rental properties can also be very profitable.

  • Investments in new residential projects: The supply of housing on the Costa Daurada is increasing, so investments in new residential projects can be a good option for investors.

Conclusions

The Costa Daurada real estate market is in a period of strong growth. Demand for housing is strong and prices are rising.

Experts predict that this trend will continue in the coming years, driven by the growing popularity of the area as a tourist destination, the increase in population and the improvement of infrastructure

 

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You can also consult us with any questions regarding the process of buying and selling a home by calling us by phone or sending an email. We will serve you very kindly.

#comprapisos # compracasacambrils #invertircostadaurada

 

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