Question 1

What purchase costs should I budget for on top of 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. Beyond ITP, allow for notary fees of approximately EUR 600–1,200, land registry fees of EUR 400–800, and legal representation at around 1% of the purchase price plus VAT.

Question 2

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

Accepted Answer

Non-resident buyers in Spain can typically borrow up to 60–70% of the purchase price, meaning a deposit of 30–40% is generally required. Current variable and fixed mortgage rates from Spanish lenders range from approximately 3.5% to 4.5%, depending on the term and your financial profile. A Spanish mortgage broker can compare products across multiple lenders on your behalf.

Question 3

What are the ongoing running costs for this property?

Accepted Answer

The annual IBI (council tax) is EUR 120. Community fees are EUR 34 per month, which cover maintenance of the communal pool and gardens within the gated urbanisation. Utility contracts for water and electricity are separate and billed directly to the owner.

Question 4

Can I arrange a viewing remotely?

Accepted Answer

Yes. In-person viewings can be arranged through OceanHome. If you are based outside Spain, we can also organise a live video viewing so you can walk through the property in real time with one of our agents before committing to travel.

Question 5

Is this property suitable for holiday rental?

Accepted Answer

Torrevieja is a licensed tourist area and properties here are frequently let on a short-term basis. To rent legally, you must obtain a tourist rental licence from the Valencian Community authorities. Demand is generally strongest from June to September, with shoulder-season bookings increasingly common. We recommend speaking with a local rental management company for realistic occupancy estimates specific to Los Altos.

Question 6

What does the purchase process involve?

Accepted Answer

First, you will need a Spanish NIE (tax identification number), which can be obtained at a consulate abroad or at a police station in Spain. Once terms are agreed, a reservation deposit is paid to take the property off the market. This is followed by a private purchase contract (arras), where typically 10% of the price is paid and the completion date is fixed. The transaction completes before a notary, who registers the transfer with the land registry. Having an independent Spanish solicitor review contracts before signing is strongly recommended.

Property Type	Townhouse
Bedrooms	2
Bathrooms	1
Built Area	46 m²
Terrace	40 m²
Plot Size	86 m²
Floor	0
Year Built	Built 1993 (33 years)
Orientation	North-West-facing— Late afternoon light with cooler temperatures
Energy Certificate	Rating G
Reference	OH02523

Transfer Tax (ITP 10%)	€15,990
Notary Fees	~€700
Land Registry	~€450
Legal Fees (1% + VAT)	~€1,935
Community Fees (monthly)	€34/mo
IBI Property Tax (annual)	€120/yr
Est. Total Purchase Costs	~€19,075 (11.9%)

Corner Ground-Floor 2-Bedroom Townhouse in Los Altos, Torrevieja

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About Los Altos, Torrevieja

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