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 the region's conditions — for example age, large-family or disability status, or buying a primary residence — and it is worth checking before you budget. On top of ITP, allow roughly EUR 600–1,200 for notary fees, EUR 400–800 for land-registry fees, and around 1% of the purchase price plus VAT for a solicitor.

Question 2

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

Accepted Answer

Non-resident buyers can typically borrow up to 60–70% of the purchase price from Spanish lenders, meaning a deposit of 30–40% is usually required. Current variable and fixed rates from Spanish banks generally range between 3.5% and 4.5%, though your personal circumstances and the lender's valuation will determine the final offer. It is advisable to obtain a mortgage agreement in principle before making an offer.

Question 3

What are the ongoing running costs for this villa?

Accepted Answer

There are no community fees for this property. The annual IBI (local property tax) figure has not been confirmed — ask the agent for the current figure before exchanging contracts. Rubbish collection (basura) charges are also unconfirmed at this stage. As a guide, utility costs for a villa of this size in the Vega Baja del Segura area are broadly comparable to similar detached properties in the comarca.

Question 4

Is it possible to view the property remotely?

Accepted Answer

Yes. OceanHome can arrange a live video viewing via WhatsApp or video call if you cannot travel to Los Montesinos in person. We can walk through every room, both terraces, the barbecue area, and the plot so you can assess the property thoroughly before committing to a visit. In-person viewings can also be scheduled directly with the agent.

Question 5

Does this property have rental potential?

Accepted Answer

Los Montesinos and the surrounding Vega Baja del Segura area attract visitors due to proximity to the Torrevieja salt lakes and nearby beaches at La Mata and Guardamar del Segura. A fully furnished, refurbished villa with no community fees can appeal to both short-term and long-term tenants. Short-term tourist rentals require a regional tourist licence from the Valencian Community; buyers should confirm licensing eligibility with a local solicitor before purchasing with rental income in mind.

Question 6

What are the main steps in the purchase process?

Accepted Answer

First, obtain a Spanish NIE (foreigner identification number) — this is required for any property transaction and can be obtained in Spain or via a Spanish consulate in your home country. Once you agree a price, a reservation fee is typically paid to take the property off the market. This is followed by a private purchase contract (arras), where usually 10% of the purchase price is paid and both parties are contractually bound. Completion takes place before a notary, at which point the balance is paid and keys are handed over. Using an independent Spanish solicitor throughout is strongly recommended.

Property Type	Villa
Bedrooms	3
Bathrooms	2
Built Area	0 m²
Plot Size	180 m²
Floor	0
Energy Certificate	Rating Exempt
Reference	OH02288

Transfer Tax (ITP 10%)	€26,000
Notary Fees	~€950
Land Registry	~€650
Legal Fees (1% + VAT)	~€3,146
Est. Total Purchase Costs	~€30,746 (11.8%)

Refurbished 3-Bedroom Villa in Los Montesinos, Alicante

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About Los Montesinos

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