Question 1

What purchase costs should I budget for beyond the asking price?

Accepted Answer

As a resale in the Valencian Community, this purchase carries ITP transfer tax at 9% of the purchase price, rising to 11% on the entire value above €1,000,000. Note that tax is charged on the higher of the price paid and the property's official reference value, so treat any figure based on the asking price as a minimum. Reduced rates and local allowances may apply if you meet this region's conditions (for example age, large-family or disability status, or buying a primary residence) — worth checking before you budget. On top of ITP, allow for notary fees of approximately EUR 600–1,200, land registry fees of EUR 400–800, and legal fees of around 1% of the purchase price plus VAT.

Question 2

Can I get a mortgage as a non-resident buyer?

Accepted Answer

Non-resident buyers in Spain can typically borrow up to 60–70% of the purchase price, meaning a deposit of 30–40% is usually required. Current variable and fixed mortgage rates from Spanish lenders generally range between 3.5% and 4.5%, though the rate offered will depend on your financial profile and the lender. It is advisable to obtain a mortgage offer in principle before committing to a purchase.

Question 3

What are the ongoing running costs for this penthouse?

Accepted Answer

Community fees are estimated at EUR 105 per month, covering maintenance of the communal gardens, pool, security and shared facilities. The annual IBI (council tax) charge is estimated at EUR 710. These figures are estimates and may vary. You should also budget for utility bills and contents insurance.

Question 4

Can I view this property remotely before travelling to Spain?

Accepted Answer

Yes. We can arrange a live video viewing at a time that suits you, allowing you to walk through the apartment and ask questions in real time. We are also happy to organise an in-person visit to Cumbres del Sol at your convenience.

Question 5

Is this penthouse suitable as a rental investment?

Accepted Answer

Cumbres del Sol has an established rental market, and the Valencian Community permits short-term tourist lets provided the property holds a valid tourist licence (Vivienda de Uso Turístico). The furnished condition, two parking spaces and proximity to the beach at Cala del Llebeig make it well suited for holiday rental use. We recommend consulting a local property manager for realistic occupancy and income projections specific to this development.

Question 6

What does the purchase process involve?

Accepted Answer

First, you will need an NIE (Número de Identificación de Extranjero), which is the tax identification number required for all Spanish property transactions. Once you agree terms, a reservation contract is signed and a holding deposit paid to take the property off the market. This is followed by a private purchase contract (arras), at which point typically 10% of the purchase price is paid. Completion takes place before a notary, who registers the title in your name at the Land Registry. The full process from reservation to completion usually takes 6–10 weeks.

Type de bien	Penthouse
Chambres	3
Salles de bain	2
Surface habitable	105 m²
Étage	3 / 3
Année de construction	2009
Certificat énergétique	G
Référence	49748783-02

ITP (10%)	€68,700
Notario	~€1,200
Registro de la Propiedad	~€850
Abogado (1% + IVA)	~€8,313
Comunidad	€105/mo
IBI	€710/yr
Total	~€79,063 (11.5%)

Penthouse 2 chambres - CUMBRES DEL SOL, Benitachell

Description

Détails du bien

Équipements

Distances et environs

Emplacement sur la carte

Certificat énergétique

Frais d'acquisition estimés

Charges annuelles

Aperçu de l'investissement

À propos de Cumbre del Sol, Benitachell

Questions fréquentes