Property to Buy in Moraira, Spain

Owning real estate in Moraira is anybody’s idea of a tranquil coastal life in one of the most picturesque towns in Spain. In the southernmost part of Costa Blanca, Moraira combines Mediterranean charm with modernity. As such, this town is fast becoming one of the favorite destinations for both holidaymakers and expatriates. 

Besides promising an undisturbed lifestyle, investment in real estate will serve as an entrance ticket to the Golden Visa program for long-term residency in Spain.

Below is a general guide, offering some information about the local property market, the legal requirements, and how to organise taxes involved in buying real estate in Moraira.

Why Invest in Property in Moraira?

See why Moraira is so popular among foreigners:

Seven good reasons to invest in Moraira

Access to the Spanish Golden Visa

Investment of at least €500,000 in real estate in Moraira, applying under Spain’s Golden Visa, enables residency and visa-free travel across the EU.

Mediterranean Climate

Moraira’s climate is ideal for outdoor living and a healthy lifestyle – enjoy:

• Year-Round Sunshine
• Mild Winters
• Pleasant Summers 

Excellent Quality of Life

The city brings a more easy-going lifestyle, good healthcare, and an open international community at relatively low prices compared with the US or Australia.

Attractive to Rent

Properties in Moraira are in high demand among tourists. Having clean beaches, fine dining places, a peace-and-quiet environment promises an excellent return on investment in rents during peak seasons.

Affordable Luxury

Compared to similar destinations across Europe, property in Moraira is relatively cheaply valued, making purchasing a slice of Mediterranean heaven well within the buyer’s budget.

Long-Term Investment Opportunities

While real estate prices can fluctuate, Moraira has consistently shown value appreciation and is, therefore, a secure investment that is assured of promising growth.

Convenient Global Access

It is very well-connected with Alicante and Valencia airports nearby. Most big European cities and other places fly into these airports, making flying for business or leisure relatively easy.

Can Foreigners Buy Property in Moraira?

Yes, foreigners can buy property in Moraira without any legal restrictions. As with other foreigners, Britons benefit from Spain’s open-door policy of encouraging international investment in its real estate.

When buying in Moraira, foreign nationals can consider modern villas with sea views or even quaint townhouses in the middle of the town. The good news is, this is relatively easy, and plenty of estate agents speak English.

The Spain Golden Visa also applies to Brits meeting the investment threshold and offers residency rights for all the family. Financing options may be more limited than for Spanish residents, but it is feasible with the aid of local mortgage providers. 

It’s often easier to conduct the transaction with a Spanish bank account as you will gain access to better loan terms.

Finding a House in Moraira

From a luxurious villa to a cosy apartment all property options are made accessible in Moraira with the help of trusted real estate platforms and agents showing a wide array of choices.

Popular sites for real estate in Moraira include:

• Idealistic

• Kyero

• Fotocasa

It’s always best to see the actual properties first hand to see their condition, location, and surroundings. Moraira does have some prime neighborhoods, from beachfront properties around El Portet to hillside villas with sea views. 

Furthermore, a good lawyer and a brief on local property taxes go a long way in ensuring the process of buying and selling is painless.

Upscore’s Benefits

Upscore’s Finance Passport makes it easier for international buyers to purchase property in Moraira:

Multiple Lenders: This means shopping for a mortgage among many local lenders to get the best terms.

Remote Applications: Apply for your mortgage completely online from any part of the world.

Personalised Service: Come in with an appointed agent who will take you through the entire process.

Free to Use: Upscore does not charge consumers anything because it generates revenues by charging fees from the lenders.

With Upscore, you are good to go for financing and finding your perfect home in Moraira.

FAQs

How Much Does Property Generally Cost in Moraira?

Prices vary according to area, size, and facilities. For instance, the prices of villas with sea views start at approximately €500,000, while the apartments in town could start from €150,000 and reach up to €300,000.

Which Neighborhood is the Best to Buy a House in?

Popular spots are El Portet for luxury villas, Pla del Mar due to its proximity to the marina, and Benimeit for its stunning views over the hills.

Are There Any Other Expenses When Purchasing a Property in Moraira?

Yes: try to make an allowance for the following expenses – around 10-12% of the purchase price:

• Property Taxes
• Legal Fees
• Notary Costs
• Registration Fees

Is It Possible to Let My Home in Moraira?

Tourism demand is high in Moraira, which creates very good opportunities for holiday lettings  – mainly in summer.

Do I need a Spanish Bank Account to Buy a Property in Moraira?

While not mandatory, having a Spanish bank account simplifies the payment process and can help secure better mortgage terms.