Question 1

What fees should I budget for?

Accepted Answer

For this apartment at EUR 275,000, purchase costs include 10% transfer tax (ITP) of EUR 27,500, notary fees around EUR 900, land registry approximately EUR 650, and legal fees of about EUR 3,328. Budget approximately EUR 32,378 in total buying costs on top of the purchase price.

Question 2

What mortgage options exist?

Accepted Answer

Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this apartment at EUR 275,000, a 60% mortgage would be EUR 165,000, requiring a deposit of EUR 110,000. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 871. Spanish banks require proof of income, tax returns, and a credit report from your home country.

Question 3

What ongoing costs should I expect?

Accepted Answer

Annual running costs for this apartment include: IBI property tax is estimated at EUR 350-600 per year; community fees are typically EUR 40-100 per month for apartments in Orihuela Costa; 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.

Question 4

How do I see this property?

Accepted Answer

Contact Maya Kallio to arrange an in-person viewing of this apartment in Lomas de Cabo Roig-Los Dolses. Video viewings are also available for overseas buyers who cannot visit immediately. Viewings can usually be arranged within 24-48 hours.

Question 5

Can I rent this property out?

Accepted Answer

Orihuela Costa has strong holiday rental demand, particularly from Northern European visitors during the winter months and Spanish tourists in summer. A 2-bedroom apartment in Lomas de Cabo Roig-Los Dolses can attract bookings year-round. You will need a tourist licence from the regional government. Note that rental income is subject to Spanish tax for non-residents.

Question 6

What steps are involved in buying?

Accepted Answer

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.

Property Type	Apartment
Bedrooms	2
Bathrooms	2
Built Area	83 m²
Plot Size	83 m²
Floor	0
Energy Certificate	Rating Exempt
Reference	OH01796

Transfer Tax (ITP 10%)	€27,500
Notary Fees	~€950
Land Registry	~€650
Legal Fees (1% + VAT)	~€3,328
Community Fees (monthly)	€90/mo
IBI Property Tax (annual)	€390/yr
Est. Total Purchase Costs	~€32,428 (11.8%)

Ground-Floor 2-Bedroom Apartment in Lomas de Cabo Roig-Los Dolses

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