New Build 2-Bedroom Apartment in Mil Palmeras, Pilar De La Horadada
Mil Palmeras, Pilar de la Horadada · Alicante
2 Bed2 Bath86 m²Energy: G
Description
A 86 m2 2-bedroom apartment on the Mil Palmeras side of Pilar De La Horadada, priced at EUR 445,000. Mil Palmeras is a residential area within Pilar De La Horadada. The closest airport is 35 min (Alicante-Elche ALC). The price of EUR 445,000 works out to EUR 5,174 per square metre. The energy rating is G. Parking is included. The building has a lift. As a new build, buyers pay 10% IVA (VAT) instead of transfer tax. Residents share a communal swimming pool. The garden provides additional outdoor space. A private solarium offers open-air relaxation.
Features
- Communal pool
- Near beach
- Solarium
- Garden
- Parking
- Lift
- Security
- Air conditioning
- Built-in wardrobes
- Terrace
- Sea views
Property Details
| Property Type | Apartment |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Built Area | 86 m² |
| Floor | 5 / 5 |
| Energy Certificate | G |
| Reference | 71919041-02 |
Distances & Nearby
- airport
- 35 min (Alicante-Elche ALC)
✈️
Location
Mil Palmeras, Pilar de la Horadada · 37.8894, -0.7579
About Mil Palmeras, Pilar de la Horadada
Pilar De La Horadada is one of the most popular destinations on Spain's Costa Blanca for international property buyers. With over 300 days of sunshine per year, excellent healthcare facilities, and a large expat community, the area offers an outstanding quality of life.
Frequently Asked Questions
What fees should I budget for?
For this new build at EUR 445,000, you will pay 10% IVA (EUR 44,500), stamp duty of 1.5%, notary fees around EUR 900, land registry approximately EUR 650, and legal fees of about EUR 5,385. Total estimated costs come to approximately EUR 58,110.
What mortgage options exist?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this apartment at EUR 445,000, a 60% mortgage would be EUR 267,000, requiring a deposit of EUR 178,000. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 1409. Spanish banks require proof of income, tax returns, and a credit report from your home country.
What ongoing costs should I expect?
Annual running costs for this apartment include: IBI property tax is estimated at EUR 500-900 per year; community fees are typically EUR 40-100 per month for apartments in Pilar De La Horadada; home insurance runs EUR 200-400 annually; utility bills (electricity, water, internet) average EUR 150-250 per month. Non-resident owners also pay annual income tax (IRNR) on a deemed rental value, typically EUR 300-600 per year for a property at this price level.
How do I see this property?
Contact Marco Elsinger to arrange an in-person viewing of this apartment in Mil Palmeras. Video viewings are also available for overseas buyers who cannot visit immediately. Viewings can usually be arranged within 24-48 hours.
Can I rent this property out?
Pilar De La Horadada is primarily a residential area. Long-term rentals are more common than holiday lets. A 2-bedroom apartment could appeal to long-term tenants, especially retirees or workers. Rental income is subject to Spanish tax for non-residents. Consult a local agent for current demand levels.
What steps are involved in buying?
To buy in Spain, you first need an NIE (tax identification number for foreigners). The purchase begins with a reservation deposit, followed by a private contract (contrato de arras) with 10% down payment. A Spanish lawyer should review the property title, check for debts, and verify planning permissions. The sale completes at a notary office where the deed is signed and registered. Budget 6-10 weeks for the full process.
Maya Kallio💚
The Heart of Our Operations
Co-founder of OceanHome. Helping international buyers find their dream property in Spain since 2004.
WhatsAppEnquire About This PropertySchedule a CallLanguages:EnglishFinnishSwedishSpanish
View LinkedIn ProfileQuick Enquiry
Interested in this property? Send us a message.
By submitting, you agree to our privacy policy.
Key Details
- Type
- apartment
- Bedrooms
- 2
- Bathrooms
- 2
- Build Size
- 86 m²
- Energy Rating
- G
