Anchored on the White Coast of Spain, the picturesque village of Altea is known for its wealthy past and remarkable architecture. Altea, with its unmistakable Church of Our Lady of Solace and its narrow cobbled streets, is a historical landmark in itself. Geographically, the village is perched atop a hill overlooking the Mediterranean, offering breathtaking views of the sea and surrounding mountains. Its convenient location in the province of Alicant gives access to a variety of landscapes and natural attractions, from dreamy beaches to majestic mountain trails.
Luxury Real Estate Market in Altea
The luxury real estate market in Altea is stable and strong nowadays. The demand for luxury houses and apartments is matched by an attractive and diversified supply of properties. Luxury homes in Altea are especially appreciated for their unique style and the stunning panoramic views of the sea and mountains.
Economic and Political Stability
Altea enjoys a stable economic and political environment, which makes the area an attractive choice for real estate investment.
Costs of Buying a Luxury Property in Altea
The average real estate commission paid when buying a house in Altea is 5%. Additionally, the transfer tax should be considered, which is 10%. Other expenses include real estate agent commissions, notary fees, and potential construction inspection or legal fees.
Taxes in Altea
The wealth tax in Altea is 0.2% to 2.5%. If you sell a privately owned house, the tax on the gains obtained can reach up to 23% for international residents. There are some exemptions for residents in the sale of their primary residence. The corporate profit tax is 25% for companies registered in Altea.
Exclusive Residential Areas
The most sought-after residential areas in Altea include Sierra de Altea, Altea Hills, and the Old Town of Altea. These areas are known for their spectacular views, unique architecture, and serene and luxurious atmosphere.
Accessibility of Altea
Altea is easily accessible by both road and rail. It is located 10 km from the tourist city of Benidorm and 60 km from Alicante airport. The suburban train connects Altea with the rest of the White Coast and the city of Alicante.
Infrastructure in Altea
Altea boasts a great selection of high-quality restaurants and luxury shops. It has a lively nightlife and offers a range of historical, cultural, and sporting events throughout the year. Altea also has excellent public infrastructure and a wide variety of services, including nearby hospitals and clinics, and an abundance of excellent schools.
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