Pilar De La Horadada, with its rich history and monuments such as the Parish Church Our Lady of the Pillar, offers a luxurious and peaceful lifestyle. Nestled in the Valencian Community, in the province of Alicante, it is blessed with an enviable geographical location, flanked by the Mediterranean Sea and the Natural Reserve of the Torrevieja Lagoons. It is located just 66 kilometers from the bustling metropolis of Alicante. Ideally situated, it is well connected both by road through the AP-7 and N-332, and the proximity to Alicante-Elche airport, approximately 76 kilometers away.
The Luxury Real Estate Market in Pilar De La Horadada
The market for exclusive properties in Pilar De La Horadada is showing a steady growth. The demand for luxury houses and apartments significantly exceeds the supply, which means that it is a favorable period for investors and sellers. The average real estate commission when buying a house ranges from 2% to 5% of the sale price.
Acquisition Costs and Tax Rates
When acquiring a luxury property in Pilar De La Horadada, one must additionally consider the transfer tax, real estate agent commissions, and notary fees, which are calculated at about 10%-13% of the sale price. The private property transfer tax, or ITP, is 10%. Regarding the wealth tax, it varies depending on the value of the property and the net worth of the beneficiary.
Financing and Requirements for Mortgages
For financing a home in Pilar De La Horadada, the majority of financial entities offer up to 70% of the sale price in the form of a mortgage. Foreigners may require more substantial income demonstrations for obtaining loans.
Luxury Lifestyle in Pilar De La Horadada
With a majestic natural landscape and a wide selection of outdoor activities, Pilar de la Horadada is a treasure in the heart of Alicante. The town has 23,000 residents and offers a quiet and exclusive atmosphere. Those seeking a luxury lifestyle will want to explore the residential neighborhoods of Torre de la Horadada and Mil Palmeras.
Famous for its luxury golf tales, residents and visitors also enjoy hiking, horse riding, and water sports in the Mediterranean Sea. Pilar de la Horadada is equipped with a wide range of luxury shops, high-quality restaurants, and hotels such as the Hotel Lo Monte.
Standing out in the cultural field, the city annually hosts the "El Pilar" festival and has several art galleries and museums like the Gratiniano Baches Museum. The infrastructure and services in Pilar de la Horadada are well maintained and available to residents there are numerous health centers and clinics such as the Pilar de la Horadada Health Center.
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