Complete Guide to Buying Luxury Property on the Costa Blanca

Complete Guide to Buying Luxury Property on the Costa Blanca

Do you dream of a home by the sea in a destination that combines luxury, the Mediterranean lifestyle, and a booming real estate market? The Costa Blanca is the ideal place for you. With iconic towns such as Jávea, Moraira, and Denia, this region of Spain is a magnet for investors and international families. Discover why and how you can find your next property in our properties for sale on the Costa Blanca.

Benefits of Investing in Properties on the Costa Blanca

The Costa Blanca stands out as one of the most sought-after destinations for buyers from all over the world, thanks to its unique characteristics:

Exceptional Climate

With more than 300 days of sunshine per year, you will enjoy a Mediterranean climate perfect for an outdoor lifestyle.

Exclusive Lifestyle

  • World-class gastronomy with internationally recognized restaurants.
  • Nautical activities, golf, and hiking in dreamlike settings.
  • A rich cultural scene with festivals and events throughout the year.

A Growing Real Estate Market

  • High demand for luxury properties.
  • Great potential for appreciation, especially in exclusive areas such as El Portet in Moraira or La Granadella in Jávea.

Discover our selection of villas for sale in Jávea, Moraira, and Denia, and find the ideal property for you.

Legal Aspects You Should Know When Buying in Spain

Buying a home in Spain can be straightforward if you understand the required legal steps. Here is a summary:

1. Obtaining the NIE (Foreigner Identification Number)

This is mandatory for any transaction in Spain.

For more information on NIE procedures and how to apply, visit the official page of the Spanish Government and be sure to follow the specific instructions for your case.

2. Down Payment (Contrato de Arras)

An initial agreement that guarantees the reservation of the property while completing the other formalities.

3. Property Registration

It is essential to verify that the property is free of liens or mortgages before purchase.

Do you have legal questions? Contact our experts in purchasing properties on the Costa Blanca for personalized advice.

Financing and Associated Costs

Knowing the costs associated with purchasing is crucial for planning your investment:

Taxes

  • New properties:

  • VAT (10%): A 10% VAT is applied to the purchase price.

  • Stamp Duty (AJD): In addition to VAT, a Stamp Duty of 1.5% is charged on the property's price.

  • Second-hand properties:

  • Transfer Tax (ITP):

    • General rate (10%): A 10% rate is applied to the property's value.

    • Properties valued over one million euros (11%): For transactions exceeding one million euros, the tax rate is 11%.

    • Reduced rates:

      • Young buyers under 35: Eligible for a reduced rate of 6% when purchasing their first primary residence, provided the property's value does not exceed 180,000 euros and certain income limits are met.

      • Large families: Eligible for a reduced rate of 4% when purchasing their first primary residence, under specific conditions.

Notary and Registration Fees

Between 1% and 2% of the total price.

Mortgages

Spanish banks offer competitive mortgages for foreign buyers. At COSTA HOUSES Luxury Villas, we connect you with financial advisors who make the process easier.

Cultural and Practical Aspects of Living on the Costa Blanca

Moving to the Costa Blanca will be an enriching experience. Here’s what you need to know:

Language

Although Spanish is the official language, in many areas like Jávea and Moraira, English, German, and Dutch are spoken thanks to their international community.

Local Services

  • High-quality international schools.
  • Modern, well-equipped hospitals.
  • Leisure options such as shopping centers, beaches, and marinas.

International Connections

Alicante and Valencia airports offer direct flights to multiple European destinations.

Find your home near these services by exploring our selection of properties in Denia and surrounding areas.

Choosing the Ideal Property

The type of home will depend on your goals:

  • Main Residence: Locations near essential services.
  • Second Home: Properties with sea views and proximity to the beach.
  • Investment: Areas with high tourist demand such as Montgó in Jávea or Cap Blanc in Moraira.

Conclusion

Buying a property on the Costa Blanca is a decision that will allow you to enjoy an exclusive lifestyle and an investment with high potential. From legal aspects to choosing the perfect location, at COSTA HOUSES Luxury Villas we are here to guide you every step of the way.

Ready to take the next step? Discover all the available options in our properties for sale on the Costa Blanca section and find the home of your dreams.

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