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 approximately EUR 400–800, and solicitor or legal fees of around 1% of the purchase price plus VAT.

Question 2

Can I get a mortgage to buy this villa as a non-resident?

Accepted Answer

Spanish lenders typically require non-resident buyers to put down 30–40% of the purchase price, with current variable and fixed rates generally ranging between 3.5% and 4.5%. Mortgage terms, maximum loan-to-value ratios, and eligibility criteria vary between lenders. We can refer you to independent mortgage brokers with experience in Spanish property finance.

Question 3

What are the ongoing running costs for this property?

Accepted Answer

This villa has no community fees. Annual IBI (local property tax) and basura (refuse collection) charges are not confirmed in our current data — please ask the agent for the latest figures from the town hall. Central air conditioning and a pellet stove are the primary energy systems, and running costs will vary with usage.

Question 4

Can I arrange a viewing remotely before travelling to Spain?

Accepted Answer

Yes. We offer video viewings by appointment, which allow you to walk through the property live with one of our agents via video call. If you would prefer an in-person visit, we can arrange accompanied viewings at a time that suits you. Please contact us to book either option.

Question 5

Is this villa suitable as a rental investment?

Accepted Answer

Lo Crispin and the wider Algorfa area attract both long-term residents and seasonal visitors, particularly golfers using the La Finca Golf Resort. Short-term holiday letting requires a tourist licence from the Valencian Community authorities. We can advise on licence requirements and put you in touch with local property management companies, but we do not quote yield figures for this property.

Question 6

What is the typical purchase process for buying a property in Spain?

Accepted Answer

You will first need a Spanish NIE (tax identification number), which your solicitor can apply for on your behalf. Once you agree on a price, a reservation deposit is paid to take the property off the market. This is followed by a private purchase contract (contrato de arras), where typically 10% of the purchase price is paid, and finally completion takes place before a notary, at which point the balance and all taxes and fees are settled. The full process from reservation to completion commonly takes six to twelve weeks for a resale.

Property Type	Villa
Bedrooms	3
Bathrooms	2
Built Area	174 m²
Floor	0
Year Built	Built 2004 (22 years)
Energy Certificate	Rating Exempt
Reference	OH02487

Transfer Tax (ITP 10%)	€22,000
Notary Fees	~€950
Land Registry	~€650
Legal Fees (1% + VAT)	~€2,662
Est. Total Purchase Costs	~€26,262 (11.9%)

Partly Furnished 3-Bedroom Villa in Lo Crispin, Algorfa

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