Question 1

What are the estimated purchase costs on top of the asking price?

Accepted Answer

As a resale property in the Valencia Community (Alicante province), you will pay ITP (transfer tax) at 10% of the purchase price, which is EUR 19,600 on this property. Additional costs include notary fees (approximately EUR 600–1,200), land registry fees (approximately EUR 400–800), and legal fees of around 1% of the purchase price plus VAT (roughly EUR 1,960 plus VAT). In total, budget for approximately 12–13% on top of the asking price.

Question 2

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

Accepted Answer

Yes. Spanish banks typically lend up to 60–70% of the purchase price to non-residents, meaning you would need a deposit of 30–40%. On EUR 196,000 that equates to a deposit of roughly EUR 58,800–EUR 78,400. Current variable and fixed mortgage rates from Spanish lenders generally range between 3.5% and 4.5% AER, though terms vary by lender and applicant profile. We can refer you to an independent mortgage broker with experience in non-resident applications.

Question 3

What are the ongoing running costs for this property?

Accepted Answer

Community fees are currently registered as EUR 0 per year. The annual IBI (local property tax) figure was not available at the time of listing and should be confirmed directly with the Orihuela town hall or through your legal representative before exchange. There is no basura (refuse collection) figure on file either; your solicitor can request both figures during due diligence.

Question 4

Can I view the property remotely before travelling to Spain?

Accepted Answer

Yes. We offer video viewings via WhatsApp or video call at a time convenient for you, so you can assess the property in detail before committing to a trip. If you would like to arrange a remote viewing or an in-person visit, please contact our Orihuela Costa office directly.

Question 5

Is this property suitable for holiday rental?

Accepted Answer

Orihuela Costa is classified as a tourist area, and properties here can be considered for short-term holiday rental. To let legally, you must obtain a tourist rental licence from the Generalitat Valenciana, which involves meeting specific habitability and safety requirements. The ground-floor layout with a garden and three bedrooms can appeal to families seeking holiday accommodation. We recommend speaking with a local property manager about realistic occupancy levels for this part of Los Almendros-La Florida.

Question 6

What is the step-by-step purchase process in Spain?

Accepted Answer

First, you will need a Spanish NIE (Número de Identificación de Extranjero), which is your tax identification number and required for all property transactions. Once you agree on a price, a reservation contract is signed and a holding deposit (typically EUR 3,000–6,000) is paid to take the property off the market. This is followed by the arras contract, where around 10% of the purchase price is exchanged and both parties are legally committed. Finally, the full balance is paid at the notary, where the escritura (title deed) is signed and ownership is transferred. The entire process from reservation to completion typically takes 6–12 weeks.

Property Type	Bungalow
Bedrooms	3
Bathrooms	2
Built Area	131 m²
Floor	0
Year Built	Built 1987 (39 years)
Energy Certificate	Rating Exempt
Reference	OH02314

Transfer Tax (ITP 10%)	€19,200
Notary Fees	~€700
Land Registry	~€450
Legal Fees (1% + VAT)	~€2,323
Est. Total Purchase Costs	~€22,673 (11.8%)

Ground-Floor 3-Bedroom Bungalow, Los Almendros-La Florida

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