El Campello appears to be struggling against the economic turnaround and the housing market slump, although signs of distress are there. Many apartment blocks in Campello seem to have come to a standstill, the banks no longer lend money for possible mortgages, not even for people who want to redeem their liquid equity for renovation work.
It is certainly also a good time to renovate apartments in Campello as labor costs are becoming much more competitive due to the lack of work in the construction sector. But as I said, here in Campello, construction work continues and new projects are approved. I would say that prices for apartments in Campello look very attractive and there are some really great property investments for apartments in El Campello.
However, the resale property market has taken a bit of a hit of late and several well known estate agents in El Campello have closed and the rest are struggling as most locals tend to look for a private sale. All you need is a competent financial advisor to take care of all the paperwork and you can make huge savings on real estate agent fees.
Most of the apartment blocks in Campello are 6 floors high, but very few do not yet have a lift. Campello Apartments are usually 2 or 3 bedrooms, some of the older ones have 4 bedrooms and some other more modern apartments have 1 bedroom.
The best thing about living in an apartment in Campello is that you don’t need a car. Everything is so convenient and the tram takes you to Alicante or Benidorm. Those who couldn’t live without a car will now find sufficient parking facilities in Campello, as a large public underground car park was recently opened.