Over the last decade, Castellón de la Plana has undergone a rather interesting transformation. This change has positioned it as one of the most attractive places to invest in real estate in Spain.
With its growing economic dynamism, excellent infrastructure, and privileged natural environment, Castellón is an excellent option for investors. If you are looking to diversify your investment portfolio and take advantage of a booming market, keep reading—this article is for you!
The real estate market in Castellón de la Plana is establishing itself as one of the cornerstones of the local economy. Its potential for expansion and a growing market make it a hot spot for those looking to buy, rent, or renovate properties.
Today, Castellón is undergoing a phase of expansion and transformation that promises to offer attractive returns for real estate investors. Below, we give you three reasons why investing in this area is an interesting idea, to say the least.
One of the key factors driving the property market in Castellón is its economic development. In recent years, the city has seen a notable increase in employment and the creation of new businesses. While the port remains its mainstay, the city has experienced a boom in sectors such as tourism, technology, and services.
This economic growth translates into greater demand for both owner-occupied and rental housing, creating a favorable environment for real estate investors.
Over the last decade, Castellón's infrastructure has improved considerably, boosting its interconnectivity both nationally and internationally. The city is perfectly connected to other major cities such as Valencia and Alicante, thanks to its excellent transport network and international airport.
In addition, urban development projects are underway that promise to increase the value of various areas of the city. These changes create a perfect symbiosis between tourist dynamism and a professional community that chooses Castellón as their place of residence.
You may be interested in: best neighborhoods to live in Alicante.
Another solid argument for investing in Castellón de la Plana is the existence of urbanization and revitalization projects in peripheral areas. Thanks to these projects, areas that were previously undervalued are now becoming highly sought-after neighborhoods. Projects such as Ciudad del Mar (coastal regeneration) and the expansion of green areas are making it a magnet for investors.
Real estate in Castellón is undergoing a period of sustained expansion, with a gradual increase in demand for both purchases and rentals. Property values have shown steady growth in recent years, ensuring stable appreciation of real estate.
For now, the real estate supply in Castellón is in balance with demand. However, some segments of the market, such as new-build properties, are seeing significant interest thanks to their higher quality and modernity.
On the other hand, the single-family home market remains stable, although demand is more focused on the outskirts of the city. In particular, interest in two- and three-bedroom properties has grown, as these are the most sought-after for both purchase and rent.
Since 2020, the price per square meter in the province has experienced a gradual but steady increase. According to official sources, the average value per square meter of residential property in Castellón in 2024 rose by 5% compared to 2023.
Compared to other cities in the Valencian Community, Castellón remains a relatively affordable option for investors. This makes it an attractive alternative to more expensive options such as Valencia or Alicante, although prices are expected to continue rising in the coming years.
You may be interested in: best areas to live in Valencia.
In terms of rentals, Castellón has seen an increase in demand for both temporary and permanent residential leases. On the other hand, the purchase market is also experiencing robust market interest, concentrated on properties with long-term appreciation potential.
Tourism plays a fundamental role in the economy of Castellón de la Plana and has a significant impact on the property market. The constant flow of visitors has led to growing interest in vacation rentals, both in the city center and in the nearby coastal areas.
If you are thinking of investing in Castellón, it is important to know the different options available to you. Below, we will show you the most recommended types of investment so that you can choose the one that best suits your needs.
Investing in rental properties is one of the most solid alternatives in Castellón, especially in areas close to universities and the city center. Two- and three-bedroom apartments are in highest demand, and rental profits are considerable.
The growth in tourist traffic has generated significant interest in areas near the beach or the historic city center. Investing in vacation rental apartments can generate higher returns compared to traditional rentals.
You may be interested in: investing in tourist apartments.
Commercial premises in high-traffic areas, such as city centers or expansion zones, are seeing steadily rising demand. Castellón has experienced a revitalization of local commerce, making investment in commercial premises a truly attractive option.
Buying properties to renovate and resell is another strategy to consider in Castellón. Acquiring old properties, renovating them, and putting them on the market is an attractive option for investors with experience in renovations.
Castellón de la Plana has several areas that offer interesting opportunities for real estate investment, among which the following stand out:
With a wide variety of shops, restaurants, and services, living in the center of Castellón is an attractive option for both residents and tourists.
El Grao de Castellón, close to the port and the beach, is one of the emerging areas with the greatest potential. Here, tourist apartments are gaining popularity due to the appeal of the coastline and easy access to major transport infrastructure.
The northern part of Castellón is undergoing a major transformation thanks to new urban developments. Investing in these emerging areas can offer great long-term opportunities.
Despite being a quieter area, Gurugú Beach is experiencing an increase in real estate investment, especially in tourist accommodation. Interest in beachfront properties remains high and is expected to continue to rise.
If you are looking to invest in property for the long term, areas undergoing development or revaluation can be an excellent option. These areas have great potential for appreciation in the coming years, making them an attractive option for investors with a long-term vision.
If you are considering investing in Castellón, there are several key aspects you should take into account to maximize your opportunities and minimize risks. Some of these are:
Thoroughly research the areas in which you wish to invest and ensure you understand the current supply, demand, and prices.
Consider different types of properties (residential rentals, vacation homes, commercial properties) to minimize risks.
Before investing, it is important to understand the financing options available to you so that you can take advantage of the best terms and maximize your returns.
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Castellón de la Plana is undoubtedly a booming city with a promising real estate market. With its economic growth, infrastructure improvements, and increase in tourism, Castellón is an ideal place for real estate investment.
Whether you are looking for rental properties, vacation homes, or commercial premises, the city offers a wide variety of options. Are you ready to take the plunge? At Domoblock, we help you find the best investment in Castellón. Contact us and start building your real estate future!
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Funded:
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Objective:
1.057.019,75 €
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