Guide to buying a property on the Costa Blanca and Costa Calida

Guide to buying property on the Costa Blanca and Costa Calida: Everything you need to know!

Dreaming of your own piece of paradise on the sunny Spanish coast? The Costa Blanca and Costa Cálida are regions that attract both tourists and investors from all over the world. If you are thinking of buying a property in these areas, here is a detailed guide to help you make the right choice.

1. Choose a city and location

The first step when buying a property on the Costa Blanca or Costa Calida is to choose the right town and location. Both areas offer a variety of options, from charming resorts to bustling cities. Here are some popular destinations:

Alicante: Capital of the province of Alicante, this Costa Blanca city offers beautiful beaches, historic architecture, and excellent transport links.
Benidorm: Famous tourist centre on the Costa Blanca, known for its lively nightlife, wide beaches and rich leisure offer.
Murcia: Located on the Costa Calida, Murcia is a dynamic city that combines tradition and modernity. It offers cultural richness and amenities for residents and tourists.
Cartagena: Known for its rich history, Cartagena is a port city on the Costa Calida that offers the charm of ancient ruins, beaches, and affordable real estate prices.

The choice of city depends on your lifestyle preferences, accessibility to amenities, and budget.

2. Choosing a property

Once you've chosen your destination, it's worth considering the type of property you're interested in. Options include flats, villas, holiday homes and building plots. Many properties on the Costa Blanca and Costa Calida offer beautiful sea views, access to swimming pools and other amenities.

3. First steps in the buying process

Property search: Use real estate agencies or online portals to find properties that fit your needs.
Viewing: Before making a decision, visit your chosen properties in person to assess their condition and location.
Negotiation: Once you have found your dream property, proceed to negotiate the price and terms of the transaction with the owner or agency.

4. Documents and procedures
If you do not have Spanish nationality, you will need the following documents and carry out some procedures:

NIE (Foreigner's Identification Number):

It is the identification number of foreigners in Spain. Without this number, you won't be able to sign a sales contract or open a bank account.

Passport:

Identity document valid in Spain.

Necessary for all procedures related to the purchase of a property.

Earnest money contract:

The document that regulates the terms of the transaction between the buyer and seller.
It is usually held with a deposit that is reserved on account of the final amount of the purchase.

Notary:

In Spain, any transaction to purchase a property must be approved (signed) by a notary.
The notary will confirm the registration of the property in the land registry.

Mortgage:

If you plan to finance the purchase of a property through a mortgage, you will need to meet certain conditions:

Credit history: Banks will check your credit history, so it's important that you have a good credit history.
Employment and income: Banks often require you to have a job or a steady income.
Deductible: In Spain, you will typically be required to pay a deductible of 30% or more of the value of the property.
Insurance: The bank may require life insurance and unemployment insurance, as well as property insurance to obtain more favorable loan terms.
Documentation: The bank will require documentation proving your employment, income, and credit history from your country of residence.

Why choose our real estate agency ESTRELLAS PROPERTIES BENIDORM?

Searching for the perfect property on the Costa Blanca or Costa Calida in Spain can be challenging, but with our real estate agency by your side, the process becomes easier and more rewarding. We are a professional real estate agency, registered in the Register of Real Estate Agencies operating in the Valencian Community, which is a further confirmation of our credibility (registration number RAICV1425). Here are a few reasons why you should use our services:

1. Experience and Expertise:
Our team consists of experienced real estate agents who have in-depth knowledge of the local property market on the Costa Blanca and Costa Calida.
With our experience and resources, we can provide you with access to a wide range of properties to suit your needs.

2. Personalized Approach:
We are customer-centric and place great emphasis on a personalized approach to every transaction.
Our agency takes care to understand your preferences, needs and budget, which allows us to suggest the properties that best suit your requirements.

3. Full support at every stage:
Our agency accompanies you throughout the entire process of buying a property, from the initial selection of the property to the signing of the contract and the subsequent procedures.
We provide you with support in price negotiations, contacts with the notary and other necessary issues.

4. No Buyer's Commission:
We do not charge commission to the buyer.
Our goal is to ensure your satisfaction and help you find the property of your dreams, not to create additional costs for you.

In short, using the services of our real estate agency is a guarantee of a professional approach, individual service and support at every stage of the property purchase process. We take care of your needs and strive to provide you with the best shopping experience without any additional stress.

Summary

Buying a property in Spain involves certain formalities and documents. The necessary documents include an identification number for foreigners, a tax identification number, a passport, and a pre-contract. If you want to get a mortgage, you need to meet certain conditions, such as a good credit history, a stable income, and an equity stake. All of these steps are important for the purchase of a property in Spain to be legal and successful.

Office: Avenida Bilbao 1, 03503 Benidorm

+34 677 878 548

info@estrellasproperties.com