Buying in Los Altos: apartments with views at a good price

Buying in Los Altos is an option more and more foreign buyers are considering once they discover that the sea views they were looking for in Cabo Roig can be found here for a noticeably smaller budget. Bennecke has been handling purchases in this area since 1988, and this guide explains the full process for anyone buying from outside Spain.

Why consider Los Altos over other areas

The decision to buy in Los Altos usually comes after comparing prices in front-line areas and discovering that the budget stretches considerably further here.

• Sea views accessible on a budget that in front-line areas would only cover a small apartment.
• Larger plots, ideal for those wanting a villa with their own pool.
• A quiet, family atmosphere, away from the summer crowds of coastal areas.
• Good connection to the AP-7, easing trips to airports and other cities.

Steps in the buying process

The legal procedure is the same as elsewhere in Spain, but it's worth understanding it well before starting the search.

1. Obtain the NIE, essential for any purchase.
2. Open a Spanish bank account for payments and direct debits.
3. Request an up-to-date nota simple to verify the property is free of charges.
4. Sign the contrato de arras with a deposit, usually 10% of the price.
5. Hire an independent gestor or lawyer to review all documentation.
6. Sign the public deed before a notary and settle taxes.

Costs associated with buying

Since most stock is resale property, though with a notable presence of new-build in some areas, it's worth budgeting carefully by property type.

What to check before buying in Los Altos

When buying villas and townhouses, there are specific aspects worth checking before signing, different from those of a front-line beach apartment.

• Condition of the pool, if the property has one, and its regulatory compliance.
• Actual plot size versus registered size, especially in older constructions.
• Condition of perimeter fencing and independent access in detached properties.
• Whether the plot has extension potential under current planning regulations.

Financing for non-residents

Spanish banks typically finance between 60% and 70% of the appraised value for non-resident buyers. It's advisable to get mortgage pre-approval before signing the contrato de arras, since the period to completion is usually 6 to 8 weeks, a tight margin if the mortgage hasn't already started.

Next step

If you're considering buying in Los Altos, Bennecke accompanies you from the first viewing through to completion, with over 5,000 transactions managed since 1988. Write to us at info@bennecke.com or call +34 965 714 362.