Property in Costa Blanca
Most people to this coastline arrive at Alicante airport which features daily flights from GO however Murcia airport to the south is planned to be expanded shortly and should also be considered with frequent flights from BUZZ.
In Northern Costa Blanca you will find Moraira, Javea and the Jalon Valley where you will find stunning coastlines with breathtaking mountain and valley views. Then Benidorm with its tourist appeal and leisure activities.
In the Southern Costa Blanca, Torrevieja is the most main town where the vast majority of beaches have been awarded the EEC Blue Flag Award for cleanliness and rightly so, an ideal place to settle in retirement or for that 2nd Home. The area is already a mecca for the golfer who enjoys courses such as Villa Martin, Las Ramblas and Campoamor.
The Costa Blanca has been recommended by the World Health Organisation as one of the most healthiest environments to live in Europe. New Property prices range from around £35,000 for a 2 bedroom apartment and from £75,000 for a detached villa. There is also very good value to be found in purchasing resale properties, which come in a wide range of shapes and sizes. Always remember to bear in mind that purchasing in off peak Winter months often brings you extra good value for money.
The Costa Blanca occupies the heart of the Spanish Mediterranean coastline, a land of light and colour bathed by the sea. Extending from Denia to Murcia, it covers almost 140 kilometres of some of the most beautiful coastal scenery to be found anywhere along Mediterranean shores. Characterized not only by it's scenic beauty but also by a rich diversity of landscapes and settings, the Costa Blanca is made up of a series of clearly differentiated regions. From the shallow lagoons and extensive sand dunes of the south to the deeply indented rocky coves and bays of the north, this privileged corner of Spain offers all everything that has made this country so highly favoured with holiday home a property purchasers.
With more than 20 kilometres of clean golden beaches, the landscape gradually changes into a curtain of mountains the run parallel to the sea, with dramatic cliffs and private sandy coves, where majestic granite outcrops provide a panoramic delight as they guard the entrance to sparkling blue bays. At Cabo de la Nao, the south-eastern-most point of the Spanish Mainland, it is possible to glimpse the islands of Ibiza and Formentera, approximately 90 kilometres distant.
The clear blue waters and stunning underwater scenery make it a diver's paradise, while the setting of the sun, as it bathes sea, sky and land in a rich golden glow, is an experience not easily forgotten. Further south, the cliffs are a creamy white tint from which the Costa Blanca (white coast) derives its name. Covered with Mediterranean scrub and coastal pine, this is an area whose romantic lighthouses and ancient ruins encapsulate the history and soul of the Mediterranean. While the coast boasts excellent transport facilities of motorways, railways, ferry ports and 3 international airports, Costa Blanca is one of the most stunning and unspoilt areas in Europe. With average temperatures between 18 & 28 degrees the climate is not only healthy-rated one of the best by the World Health Organisation- but also made just for you, with Hotels, health and fitness spas, 19 golf courses and every watersport imaginable.
Buying Property in Spain
a Spanish property will normally be contained in a private contract
with a deposit of around 10% payable which is binding by law. It
is possible to agree a contract where either party may change their
minds at a financial cost. The private contract should contain
details of the agreed deposit payment, purchase price and details
for payment of the outstanding balance of the agreed buying price
plus any additional extras and your intended completion. A Notary
will prepare the official contracts and make sure it complies with
Spanish regulations. If there is common ownership a Community of
Owners must be established through which community charges can
be shared. If your property is contained in an apartment block
then the law will relate to the Horizontal Division and this should
be clarified, especially in new developments. Any property sale
or purchase in Spain should be registered in the Land Registry
and its important to make sure any relevant taxes are paid before
this is done.
would expect to pay a total of around 10% of the purchase price
for realestate in Spain. This could include Stamp duty, charged
at 7% of the official selling price (4.5% for the Canaries), and
0.5% for contract documents Land Registry is charged against a
rateable table held by local authorities. There will also be a
tax on the increase of the land your property lies on since it
was last sold and should be paid by the vendor. Notary fees will
also be included in the total costs.
your Spanish property taxes will be based on the official price
registered, not on selling prices and you would expect to pay under
1% annually, plus additional service taxes set by the local authority.
Wealth tax charges apply for residents after 17m ptas of net assets;
if you don’t apply for residency you could be charged tax for all
your net assets. Rate varies from fractions of a percent to over
2% depending on net assets. Click
Here for more info.
Spanish lenders will allow you to borrow against Spanish property and can usually be arranged in most major currencies normally over terms of up to 15 years, with exception of 25 years at up to 80% of the buying price.
For more information on Costa Blanca Property and to arrange your viewing visit:
Costa Blanca Property Search: