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Orihuela Strikes €23.1 Million Deal for Coastal Land
['Staff Reporter']
News, Sport, Information, Property, Business, Travel, Tourism
Orihuela City Council is set to receive more than €23.1 million from the sale of three municipally owned residential plots on Orihuela Costa—around €1.5 million more than originally expected.
Strong demand for developable residential land on the coast pushed the proposed sale price 7.14% above the combined starting figure.
The smallest increase was recorded for the AUR-38 plot in Peña del Águila, within the PAU-21 Colinas Golf development.
Orihuela City Council is set to receive more than €23.1 million from the sale of three municipally owned residential plots on Orihuela Costa—around €1.5 million more than originally expected.
The €23.1 million sale therefore represents a substantial financial opportunity for Orihuela—but residents will be watching closely to ensure that the proceeds finally deliver the infrastructure and services the coast has long been promised.