Property to Buy in Calpe, Spain: A Complete Guide for Foreigners
This enchanting town on the Mediterranean coast of Costa Blanca provides:
- Beautiful Surroundings
- Cultural Wealth
- Modern Facilities
Owning a house in Calpe means you’re not only getting a lucrative property investment but also an opportunity for residency in Spain, which could mean entry into the highly desirable Spanish Golden Visa program.
Long-term valuation, but with ups and downs, is a feature of the real estate market in Calpe. Property prices in Calpe can still be generally attractive to international buyers who consider this city – whether it’s for pure relaxation or high earnings from rentals.
Throughout this guide, we’ll help you navigate:
- The Local Market
- Spanish Property Legislation
- The Costs Associated with Buying Property in Calpe
Why Purchase a Home in Calpe?
See what makes Calpe real estate so appealing.
Eligibility for Spain’s Golden Visa
The purchase of an apartment in Calpe costing over 500,000 euros entitles you to the Spanish Golden Visa – a residence permit for the applicant and their family that can be easily renewed.
Breathtaking Scenery and Year-Round Sunshine
Calpe boasts some beautiful beaches, a striking rock formation called Peñón de Ifach, and a mild Mediterranean climate – boasting over 300 sunny days a year.
Low Cost of Living
Compared to the following areas, the cost of living in Calpe is very reasonable, so you should be able to support a high standard of living without breaking the bank:
High Rental Demand
Rentals are always in demand as Calpe is a tourism-orientated town, so this is very good for return on investment – from holidaymakers requiring beachfront apartments to retired people wanting to rent long-term.
Long-Term Growth
Spanish property exhibits strong long-term growth, and with the interest shown from foreign buyers, properties in Calpe are sure to appreciate even more.
Well-Connected Area
Calpe is just a stone’s throw away from Alicante Airport, major cities in Spain, and international destinations, making life relatively easy for short-term visitors and longer-term residents alike.
Can Foreigners buy Real Estate in Calpe?
There are no special restrictions with regard to foreign nationals, including Brits, buying property in Calpe. Spain welcomes foreign investment, with schemes like the Golden Visa, which will make life easier for anyone achieving the minimum investment level.
For Brits and other overseas purchasers, the cost of entry into Calpe’s real estate market proves rather accessible. Properties vary from luxurious villas directly on the beach to more modest apartments; thus, accommodating almost any lifestyle and budget.
There are no legal restrictions to ownership; for this reason, foreigners can buy a house, use it as a vacation house, or receive rental income.
Although relatively straightforward, the process will present a number of challenges for the buyer, ranging from trying to get a mortgage without a Spanish bank account to the more general quirkiness of some of the local property laws.
It is best to work with reputable estate agents and lawyers who will help in pushing the sale through.
Finding a Home in Calpe
With relaxed regulations on buying property in Spain, finding your dream home in Calpe has never been so easy. Local real estate agents constantly list new and existing properties, offering a variety of options to buyers.
Popular property platforms include:
- Fotocasa
- Idealista
- Kyero
If you are not well versed in the area, dealing with a reputable agent specialising in Costa Blanca properties will help you through the process. They will enable you to understand which areas are good for living, amenities available, and any other potential investment opportunities. Furthermore, property viewing is recommended to ensure properties match your expectations.
Upscore’s Benefits
Upscore’s Finance Passport will make it easier for you to buy a property in this Spanish town, Calpe. Ease in mortgage application processes and personal help in every aspect will let us smoothly secure your dream home.
Multiple Lenders: Compare all mortgage options available from local lenders to get the best deal suiting your needs.
Remote Application: Apply online from anywhere in the world in just a few easy steps.
Personalised Service: Our dedicated agents guide you through each step of the mortgage process.
Free to Use: Upscore does not require any fee. The commission is given by the lender, so there is nothing extra for you to pay.
FAQs
How Much Does Property in Calpe Cost?
The prices of property in Calpe depend on the location, size, and type: apartments start from approximately €150,000, while luxury villas might range upwards of €1 million.
As a Non-Resident, Can I Buy a House in Calpe?
Yes, foreigners can buy real estate in Calpe freely. The Spanish government is open to foreign ownership, and the procedures are easily accessible.
What Taxes Will I Pay When Buying Property in Calpe?
Other estimated costs that a buyer needs to account for are: transfer tax, estimated at 8-10%, notary fees, and legal fees at 10-15% of the price of the property.
Is It Possible for Foreigners to Be Granted a Mortgage in Spain?
Yes, many Spanish banks do offer mortgages to foreign purchasers. You may have to pay a larger deposit – around 30-40% – and satisfy certain financial requirements.
Is It Possible to Let My Property in Calpe?
Yes, Calpe’s strong tourism market makes it an ideal location for rental properties. You may need a tourist rental license depending on the type of rental agreement.
