Arona is a municipality in the province of Alicante, part of the autonomous community of Valencia. It is located on the Costa Blanca, the most popular coastline for foreign property sales.
The Pros and Cons of Property for Sale in Arona, Spain
While buying real estate in Arona might seem like an investment in a perfect property with no downsides, it turns out there are plenty of downsides, too.
Advantages:
- Rental yield. The average apartment occupancy rate is 78%, with annual yields of 6.2% for long-term rentals and up to 8.1% for short-term rentals.
- Transportation. Buses to Alicante run every 30 minutes, and a taxi to the airport costs €55.
- Capitalization growth. Real estate prices in Arona are growing by an average of 9% per year.
Disadvantages:
- Utilities. Utilities cost an average of €45–120 per month, plus IBI (property tax) of 0.62% of the cadastral value.
- Seasonal decline. In January and February, occupancy rates drop to 32% and are often idle.
- Resale Restrictions. Approximately 68% of resale properties in Arona were built before 2000 and require mandatory energy efficiency assessments, which negatively impacts the transaction price.
The Cost of Real Estate in Arona
The average price of housing in Arona is €2,310 per square meter. Sales to foreigners are most often made through accredited agencies.
Average property prices in Arona:
| Property type |
Price range in € |
Area (landmark) |
| Studios and 1+1 apartments |
82–138 thousand |
35–55 m²
|
| Townhouses 2+1 / 3+1 |
168–295 thousand |
75–110 m² |
| Bungalow with solarium |
145–220 thousand |
60–90 m² |
| Villas 3+2 / 4+3 |
335–680 thousand |
140–250 m² |
Popular Areas of Arona for Buying a Home
Cabo Roig leads the top five in terms of transaction volume, with prices of €2,850/m² for villas with 400–600 m² plots. Punta Prima is second. Prices here are lower, averaging €2,410/m². Apartments with views of Torrevieja are popular. The distance to the sea is 200 meters.
Other popular areas:
- Playa Flamenca. A more affordable shopping center with a Saturday market and prices starting at €2,180/m².
- Los Altos. The most suitable region for permanent residence, with prices starting at €1,920/m².
- Villamartín. A less expensive option, with an average home price of €2,050/m². There are several golf courses here, and villas and gated communities are popular.
