Alcoy - Finestrat - Polop

Lost in the heart of the province of Alicante, the picturesque city of Penáguila has been captivating visitors and residents alike for centuries with its great natural beauty and impressive historical heritage. Its rich history is etched in every stone of its ancient Arab castle and in the walls of the 18th century St. Augustine's Church. Penáguila is nestled in a formidable geographical location, flanked by the mountains of the Sierra de Aitana and bathed by the Moyes river. Only 60 kilometers from Alicante, it offers the best of Spanish rural life along with the convenience of quick access to a city of international renown.

Exclusive Property Market in Penáguila

The exclusive property market in Penáguila is currently strong, due to the growing demand for a luxurious and tranquil life away from the bustle of the big cities. The offering of luxury homes and apartments in the region is diverse, with properties ranging from traditional country houses to contemporary ones, all highlighting the beauty of the natural surroundings.

Real Estate Transaction Costs in Penáguila

The average real estate agent commission, for both buyers and sellers, ranges from 2% to 5% of the sale price. In addition to this commission, it is important to consider taxes, notary fees, and inspection and legal costs. The transfer tax in Penáguila is 10%, and buyers should be prepared for the wealth tax which is 1% of the property value.

Mortgage Loan Conditions in Penáguila

As for mortgages in Penáguila, most banks usually require equity of at least 20% of the purchase price. In addition, the mortgage should not exceed 35% of the applicant's gross income.

Luxury Residential Areas in Penáguila

The most expensive and desirable areas of Penáguila include the surrounding region of the Sierra de Aitana, famous for its stunning views and tranquility, and the old town of Penáguila, known for its historical architecture and rustic charm.

Access and Location of Penáguila

Penáguila is excellently communicated by road and is less than an hour from Alicante, the nearest large city. The closest airports are Alicante and Valencia, both within a reasonable distance.

Education and Services of Penáguila

The city of Alcoy, a few kilometers from Penáguila, hosts several prestigious schools, universities, and training institutions. Local medical facilities are also of high quality, with several hospitals and clinics available around Penáguila.

Life in Penáguila

Penáguila is a natural paradise, with hiking and cycling routes, and is close to the beaches of the Costa Blanca. The Mediterranean climate allows for outdoor enjoyment throughout the year. The city also hosts a variety of cultural and historical events throughout the year. The public infrastructure in Penáguila is solid, with a wide variety of luxury shops, excellent restaurants, and a pleasant nightlife.