Apartment in Benidorm for a residency permit
Foreign investors in apartments and flats in Benidorm can obtain a residence permit by compiling the necessary documents and selecting a property that meets the “Golden Visa” programme requirements, with assistance from the CBI website. Users can choose from a range of properties in Spain on both the secondary and primary markets, including op developing complexes. Our database provides detailed information and up-to-date photos of homes suitable for family relocation, rental income and profitable resale.
To successfully buy an apartment in Benidorm, it's essential to list your requirements and analyse listings from reputable developers and real estate agencies. Completing a transaction with a verified seller and ensuring proper documentation is the first step towards securing a residence permit through investment.
This Mediterranean resort is popular with tourists and expatriates due to its proximity to Alicante’s international airport (a 45-minute drive), warm climate and relaxed atmosphere. Among its other advantages are 320 days of sunshine per year, facilities for water sports and a growing English-speaking community. Apartments prices in Benidorm are lower than in the capital and other major cities, yet the area has everything necessary for both leisure and permanent living: stores, restaurants, bars, cafês, schools, clinics, pharmacies, bank branches and preschools.
Key factors when choosing a property include:
- Distance from the coastline and city centre;
- Floor level and building height;
- Property type: A new apartment in Benidorm, Spain or a resale;
- Number of bedrooms and bathrooms: Buyers can choose from studios to 1–5-bedroom properties, with 2–4-bedroom units being the most popular for families;
- Balcony presence and panoramic view;
- Furnishings and technical facilities;
- Unique design features: Exclusive projects are available for those who appreciate distinctive interior solutions;
- Residential complex amenities: Modern developments offer owners 1-2 parking spaces, access to a gym and pool and round-the-clock security.
Residence permit in Spain by buying an apartment in Benidorm
Foreigners can qualify for a residence permit in Spain by investing in one or more move-in-ready properties, whether new or pre-owned. To secure a positive response from immigration services, investors must:
- Select a suitable property and sign a purchase contract. The minimum investment required for apartments for sale in Benidorm to qualify for residency status is EUR 500,000. Investors can own any number of units as long as the total value reaches this amount and all legalities, such as taxes and fees, are settled;
- Prepare documentation, including health insurance, proof of financial stability and evidence of family status. Investors must demonstrate an annual income of at least EUR 28,800;
- Submit the application along with the required documents, which will be reviewed within 20 to 60 days;
- Obtain a residence permit through investment in an apartment or villa in Spain, initially valid for three years and renewable as long as property ownership is maintained. After five years, the permit can be converted into permanent residency and five years later, into a Spanish passport, granting visa-free access to over 170 countries.
Investment apartment in Benidorm
Key motivations for investing in property on the Costa Blanca include:
- Increasing tourist traffic;
- Annual property value growth of 11.3%;
- Stable economy;
- Favourable climate;
- Straightforward transactions and legalisation process in Spain;
- Strong legal protection for foreign real estate owners in Spain;
- Active development opportunities that allow for investment in construction projects, maximising profit once operational;
- Average rental income of 5-6% annually.
The best apartments in Benidorm for investment are located in new developments near Poniente and Levante beaches. Family-friendly options are particularly popular in areas such as Finestrat and Villajoyosa, while Altea and Polop also present promising locations.
Yes. Spanish legislation imposes no special requirements on foreign investors and provides strong protection for their rights, ensuring investment security.
You can acquire a residence permit within six months, including the time for the property purchase, by gathering the required documents and meeting several conditions:
- Obtain health insurance;
- Verify your identity, age and marital status;
- Demonstrate financial stability and a clear criminal record for the past five years;
- Obtain a Spanish tax ID;
- Invest a specified amount in Spanish real estate.
The minimum price of an apartment for sale in Benidorm required to apply for a residence permit is EUR 500,000, excluding necessary taxes and fees. This can be a single premium property or multiple smaller apartments for tourist rentals to generate passive income. There are no additional restrictions on property characteristics, but to retain a temporary resident card, you must maintain ownership of the property.
The most advantageous areas for buying flats in Benidorm include new or established projects near Poniente and Levante beaches, as well as in the districts of Finestrat and Villajoyosa. Investors may also find appealing options in Altea and Polop. For those planning to relocate to the city, it’s important to consider community characteristics: central areas are popular with young people and nightlife enthusiasts, while digital nomads and families tend to prefer quieter, more secluded locations.