Located in the heart of the Costa Blanca, Calpe is a piece of Mediterranean history with a generous offering of cultural heritage and natural wonders. The imposing Ifach Rock, the Roman wall in the Vallesa park, and the ruins of the Queen's bath are just some of the witnesses of the past. With a privileged geographical location, Calpe combines the tranquility of a fishing village with all the comforts and luxuries of a modern city.
Luxury Real Estate Market in Calpe
The luxury property market in Calpe is currently strong and stable, with a growing demand that is being met with a fairly competitive supply. The current political and economic situation in Calpe is also stable, which contributes to confidence in the real estate sector.
In Calpe, the average real estate commissions that a buyer and seller pay are around 2-3% of the total property value. Additional costs when buying a luxury property in Calpe include transfer taxes, notary fees, and possible building inspection or legal costs that can amount to a total of 10-15% of the purchase price. The transfer tax on private property in Calpe is 10%.
Tax Matters in Calpe
The wealth tax on the ownership of a private house in Calpe is 0.2%. No additional tax is paid on the profit obtained when selling a private property house if it is used as the main residence. In the case of it being a second home, a tax of between 19% and 23% should be paid depending on the profit obtained. Calpe operates within the Spanish tax system, therefore the corporate income tax is 25% and the income tax for residents is progressive, ranging between 19% and 47%.
Mortgage Opportunities in Calpe
To acquire a luxury property in Calpe, the ratio between own capital and foreign capital cannot exceed 80%. The volume of mortgage loans in Calpe is usually 60-80% of the total property value.
Luxury Life in Calpe
The most prestigious residential areas in Calpe include the areas of Pla Roig, Marisol Park, and Empedrola. The accessibility to Calpe is excellent thanks to the Mediterranean Highway (AP-7) and the Alicante-Valencia train service. Calpe is an hour's drive from Alicante, where the nearest airport is located. The nearest educational institutions include the University of Alicante and Miguel Hernández University.
Culture and lifestyles in Calpe
Located in the province of Alicante, Calpe is home to more than 20,000 residents and offers a privileged Mediterranean climate. Here you can enjoy nature, explore the mountains, relax on the golden beaches, or practice water sports. As for nightlife and entertainment, Calpe boasts a variety of luxury shops, world-class hotels like the Gran Hotel Sol y Mar, Michelin restaurants such as Audrey's and annual festivals such as the patron saint festivals in honor of the Virgin of the Snows. The House of Art and the comic museum are some of the places to enjoy art and culture. The status of public infrastructure and the availability of services in Calpe is excellent, providing its residents with everything necessary for a luxury lifestyle.