Located in the province of Alicante, Orihuela Costa is an exclusive coastal town full of history, surrounded by ancient fortified cities, old lighthouses and spectacular views of the Mediterranean. Thanks to its vital role during the Roman and medieval period, it has a wide variety of fascinating historical sites. With its east-facing coast, it offers golden sand beaches and clear waters, coupled with an ideal location between the cities of Murcia and Alicante.
Luxury Real Estate Market in Orihuela Costa
Currently, the market for exclusive properties in Orihuela Costa is in a stable phase, ideally balancing the offer and demand for luxury houses and apartments. Despite its exclusive location and the advantages it offers, the additional costs of acquiring a property here are comparatively low - the average real estate agent commission ranges between 1-2% of the property's value. This is added to notary costs, building inspections, and possible legal costs which are customary when buying any property.
Taxes and Fees
The transfer tax on private property in Orihuela Costa is 10%, quite standard for the Spanish market. The wealth tax, although it varies, usually ranges around 0.2-2.5% of the property's value. Depending on the use of the private property, taxes also have to be paid on profits when selling a house or apartment. Registered residents have an income tax between 19% and 45% and registered companies have a corporate earnings tax of 25%, standard statistics for the region.
Accessibility and Location
With its proximity to the cities of Murcia and Alicante (at 57 and 53 kms respectively), and its accessibility through well-maintained roads and railways, Orihuela Costa is easily accessible. The closest airports are Alicante Airport and Murcia-San Javier Airport, only 54 kms and 29 kms away respectively.
Services and Facilities
Orihuela Costa boasts a variety of public and private schools, and high-quality universities, such as the University of Alicante and the University of Murcia. It also houses several recognized hospitals and clinics like the Vega Baja Hospital of Orihuela and the Quirónsalud Torrevieja Hospital.
Luxury Lifestyle
The lifestyle in Orihuela Costa is both relaxed and luxurious. From world-class golf courses and yacht clubs to luxury shopping and fine dining restaurants, it offers a wealth of leisure opportunities. Luxury hotels include the Servigroup La Zenia Hotel and the Diamante Beach Spa Hotel & Convention Centre. Annual events include the International Music Festival of Alicante and various golf and sailing tournaments.
Nature and Climate
The climate in Orihuela Costa is Mediterranean, warm year-round, with an average annual temperature of around 20 degrees Celsius. With its beautiful beaches, green landscapes and trails for walking and cycling, there is always something to do outdoors. There are also several natural parks and protected areas within a short distance, making it an ideal place of residence for nature lovers.
Culture and Entertainment
Local museums include the Wall Museum and the Sacred Art Museum. For a theatrical experience, you can visit the Teatro Circo and the International Auditorium of Torrevieja. There are also several casinos, including the Mediterráneo Orihuela-Costa Casino and the Gran Casino Murcia – Rincón de Pepe. Orihuela Costa also boasts impressive public infrastructure and a variety of essential services to ensure a comfortable and luxurious life.
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