Buying real estate in Spain is an investment in comfort, stability, and high quality of life. Costa Blanca, including Torrevieja, Alicante, and surrounding towns, remains one of the most popular regions for purchasing property due to its mild climate, developed infrastructure, and a wide range of options.

This detailed guide will help you understand the entire process: from choosing an area to receiving the keys from the notary.

1. Defining the purchase purpose: living, renting, or investing

Before starting the search for a property, it is important to clearly define your goal.

For permanent residence, suitable areas are:

• Aguas Nuevas

• La Mata

• Los Balcones

• Punta Prima

They feature schools, supermarkets, a calm atmosphere, and convenient transportation.

For rental and investment, it is better to choose:

• Playa del Cura

• Acequión

• Playa de los Locos

• Centro

These areas are close to the sea, ensuring high demand for short-term rentals all year round.

2. How to choose the type of real estate in Spain

Spain offers a wide range of housing formats — from affordable studios to modern villas.

Apartments

Price: from €95,000 to €200,000
Suitable for rental and vacation.

Townhouses and bungalows

Price: from €150,000 to €350,000
Comfortable options for families.

Villas

Price: from €350,000 to €1 million+
Maximum space and privacy.

3. New build or resale: which is better?

Advantages of new buildings

• Modern design

• Energy efficiency

• 10-year warranty

• Better liquidity

• Potential price increase after the complex is completed

Advantages of the resale market

• More options by the sea

• Ready repairs and furniture

• Possibility to negotiate

Both segments are in demand, but the choice depends on your goals and budget.

4. Legal stages of purchase: a brief overview

The buying process in Spain is transparent and strictly regulated.

1. Choosing the property

Viewings are held, area analysis, and comparison of offers.

2. Reservation

Usually €3,000–€6,000. The property is taken off the market.

3. Legal due diligence

Analysis of the building, debts, ownership status.

4. Opening a bank account

5. Obtaining NIE

Foreigner Identification Number.

6. Signing the deed before a notary

At this point, the property becomes yours.

7. Property registration

Takes from 1 to 4 weeks.

5. What does buying real estate in Spain really cost?

Additional expenses should be added to the property price — on average 9–14%.

Expenses include:

• Tax (ITP or IVA): 6–10%

• Notary fees: €800–€1,100

• Registry fees: €300–€600

• Lawyer: €800–€1,500

• Bank fees (if mortgage): individual

These are standard costs throughout Spain.

6. Is it possible to buy real estate remotely?

Yes, many buyers complete transactions remotely.
Spanish law allows signing documents by power of attorney, conducting video tours, as well as obtaining NIE and bank accounts online through a representative.

The process includes:

• video tours of the property;

• online reservation agreement;

• remote power of attorney arrangement;

• receiving keys by courier or in person.

7. What to pay attention to when choosing a property

1. Location

Proximity to the sea, schools, shops, parks.

2. Building age

Modern homes are more energy-efficient.

3. Community fees (comunidad)

Usually €20–€80 per month.

4. Rental possibilities

Is short-term rental prohibited in the complex?

5. License availability

Especially important for tourist rentals.

8. What happens after purchase

After receiving the keys, several procedures need to be completed:

• connect water, electricity

• arrange insurance

• register contracts

• if necessary — set up rental, find a management company

• furnish and equip the property

Most services operate online, making property ownership in Spain as convenient as possible.

Conclusion

Buying real estate in Spain is a clear, transparent, and safe process. Thanks to developed infrastructure, a large selection of properties, and a stable market, Costa Blanca remains one of the best regions for investment and relocation.