San Juan Alicante, a jewel in the province of Alicante, boasts a rich history and a wide variety of historical sites. Located in the Valencian Community, on the southeastern coast of Spain, it is an hour from the city of Murcia and a few kilometers from its Alicante province. The city skilfully merges tradition and modernity, hosting ancient monuments and offering a wide range of modern services.
Exclusive Property Market in San Juan Alicante
The exclusive property market in San Juan Alicante can be described as strong and stable. The current demand for luxury houses and apartments remains steady, positively correlating with the available supply. The political and economic situation in San Juan Alicante is also stable, which further encourages investment in the luxury real estate market.
Costs and Taxation of Properties in San Juan Alicante
When acquiring a luxury house in San Juan Alicante, some additional costs such as transfer tax, real estate agent commissions, notary fees, and possible construction inspection or legal costs should be considered. The transfer tax on private property in San Juan Alicante is 10%. Additionally, buyers and sellers typically pay a real estate commission of around 5%.
The wealth tax on private property also applies, but varies depending on the net value of the assets. Plus, taxes on gains obtained from selling a house or apartment depend on whether it is used as a primary or secondary residence. The corporate profit tax for registered companies is 25%. Registered residents are subject to income tax, which varies according to their income.
Mortgage Requirements and Areas of Interest
To get a mortgage approval in San Juan Alicante, financial institutions require the buyer to have a stable and sufficient income. Generally, buyers can obtain a mortgage for up to 80% of the housing price. The most sought-after areas where luxury houses are located include San Juan beach and Alicante Golf course.
Accessibility and Education in San Juan Alicante
San Juan Alicante has excellent connectivity via roads and railway, and is only 20 minutes away from the city of Alicante and its airport. It also has several educational institutions like the University of Alicante and various schools.
Lifestyle and Recreational Offers in San Juan Alicante
San Juan Alicante is known for its beautiful beaches, pleasant climate, and a variety of recreational offerings. High-end shops, gourmet restaurants, lively nightlife, and historical and cultural events take place throughout the year. Plus, the city offers a range of cultural attractions like museums and art galleries. In health terms, San Juan Alicante has top-standard hospitals and clinics. The public infrastructure and services are also noteworthy.
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