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About Alicante
Alicante is the provincial capital and the only major city on the Costa Blanca: an international airport, high-speed rail to Madrid, a university, leading hospitals and an urban beach (El Postiguet, San Juan). This is a city market rather than a tourist-urbanisation one, with demand all year.
It appeals both to buyers who want to live in Spain on a stable basis and to investors looking for long-term rentals close to amenities.
Buying property in Alicante
Options range from flats in the centre and Old Town to apartments on San Juan beach and new build on the outskirts. It is a different purchase from the southern coast: less seasonal, more tied to city life. Tell us the area and budget you have in mind and we will guide you.
Frequently asked questions about buying in Alicante
How much does a property cost in Alicante?
Prices in Alicante vary depending on type, size and location. On the Costa Blanca apartments start from around €95,000 and luxury villas can exceed several million euros. Check our search engine for the current catalogue and updated prices.
Do I need an NIE to buy in Alicante?
Yes. The NIE (Foreigner Identification Number) is mandatory for any property purchase in Spain, including Alicante. Bennecke assists you with the full process, including obtaining the NIE if you need it.
What additional costs are there when buying property in Alicante?
In the Valencia region (where Alicante is located) the transfer tax (ITP) for resales is 10% of the declared price. Add 1-2% extra for notary, land registry and legal fees. For new builds VAT is 10% plus AJD stamp duty (~1.5%).
Can foreigners get a mortgage in Alicante?
Yes. Spanish banks offer mortgages to non-residents buying in Alicante, typically covering 60-70% of the appraisal value. You will need an NIE, proof of income from your home country and a down payment of 30-40%.
How long does the buying process take in Alicante?
From signing the reservation contract to the public deed usually takes 4 to 8 weeks. Bennecke handles all paperwork, notary scheduling and coordination with your bank if you finance the purchase with a mortgage.
Prefer personal advice? Talk to our estate agents in Torrevieja — local team since 1988, office in town.
