BUYING PROPERTY IN THE COSTA BLANCA: A QUICK GUIDE FOR FOREIGN BUYERS
Discover How to Buy Property in Altea, Costa Blanca, Spain
Buying property in Altea is an excellent investment opportunity for international buyers seeking Mediterranean lifestyle, security, and long-term value. With its stunning coastline, charming old town, and exclusive residential areas, Altea offers everything from seafront apartments to luxury villas with sea views.
In this guide, we explain the full process of buying property in Spain as a foreigner, step by step.
Can Foreigners Buy Property in Spain?
Yes, foreigners can freely purchase property in Spain without restrictions. Whether you are a resident or non-resident, the process is straightforward with the right professional guidance.
Working with an experienced local agency such as Alteainvest ensures a smooth and secure transaction.
Step-by-Step Process to Buy Property in the Costa Blanca
1. Define Your Budget and Property Type
Choose between:
Luxury villas
Seafront apartments
Penthouses with sea views
Properties in areas like Altea Hills or Mascarat
2. Obtain an NIE Number
The NIE (Foreigner Identification Number) is required for any property purchase in Spain. For more information, see our post What is the NIE (Foreigners' Identification Number)?
3. Open a Spanish Bank Account
This simplifies payments for taxes, utilities, and ongoing costs.
4. Reserve the Property
Once you find your ideal property, a reservation deposit secures it.
5. Legal Checks and Due Diligence
Among other things, property due diligence when buying a property requires an expert to check:
Ownership
Debts or charges
Urban planning compliance
6. Sign the Private Purchase Contract
A deposit (usually 10%) is paid at this stage.
7. Completion at the Notary
The final deed is signed, and ownership is officially transferred.
For more information, see our BUYING PROCESS GUIDE
Costs and Taxes When Buying Property in Altea
Buyers should budget approximately 10–13% additional costs, including:
Property transfer tax (ITP)
Notary and registry fees
Legal fees
For more information, see our bespoke PURCHASE TAXES GUIDE
Why Choose Alteainvest?
Established in 1979 (the oldest agency in Altea)
In-house legal team specialized in real estate law
Prime beachfront office on Paseo del Mediterráneo
Conclusion
Buying property in Altea is a safe and rewarding investment. With the right guidance, the process is simple and transparent.
Contact Alteainvest today to explore exclusive properties tailored to your lifestyle.
