**Orihuela**, located in the province of Alicante, in the Valencian Community, is a city with a rich history that dates back to Roman times. Famous for its cultural heritage, Orihuela boasts impressive historical monuments like the Cathedral of the Savior and Saint Mary, and the Episcopal Palace. The city is strategically situated on the banks of the Segura River, surrounded by a mountainous landscape that offers a splendid natural environment. With a population of approximately 77,000 inhabitants, Orihuela combines its historical legacy with a tranquil and picturesque setting, ideal for those seeking a luxurious lifestyle.
The Luxury Real Estate Market in Orihuela
The current market for exclusive properties in Orihuela is strong, with growing demand outstripping the supply of luxury houses and apartments. The political and economic stability of the region contributes to the security of real estate investments. Buyers interested in acquiring a luxury property should consider an average real estate commission of 3% to 5% for buyers and sellers. Additionally, it is crucial to consider additional costs such as the property transfer tax, which is 10%, and notarial and legal fees.
Financial and Tax Aspects
When purchasing a luxury property in Orihuela, it is essential to consider the wealth tax, if applicable, and the capital gains taxes when selling a second home. There are mortgage requirements that typically allow financing up to 80% of the purchase price, depending on the buyer's financial profile. Orihuela offers competitive opportunities for foreign buyers, given its service infrastructure and access to financial institutions.
Exclusive Residential Areas
The most expensive and sought-after areas for buying a luxury property in Orihuela include the Dehesa de Campoamor area and the beaches of the Costa Blanca, which offer spectacular views and access to first-class amenities. These areas are not only synonymous with luxury but also guarantee privacy and exclusivity.
Accessibility and Connectivity
Orihuela is conveniently connected by road and rail, facilitating access to the entire region. It is approximately 50 km from the city of Murcia and 40 km from Alicante-Elche International Airport, offering ease for national and international travel.
Education and Culture
Orihuela has high-level educational institutions, such as the Miguel Hernández University campus. The rich cultural offering includes museums and galleries like the Wall Museum and the Circo Theater, enriching the city's artistic and cultural landscape.
Lifestyle and Recreation
The natural environment of Orihuela is ideal for outdoor sports, including golf, hiking, and water activities in the Mediterranean Sea. The Mediterranean climate, characterized by mild winters and warm summers, allows these activities to be enjoyed year-round. For luxury lovers, the city offers select shops, high-quality hotels, and renowned restaurants, along with vibrant nightlife and annual cultural events such as Easter, declared of International Tourist Interest.
Health and Infrastructure
Orihuela boasts well-equipped hospitals and clinics, such as Vega Baja Hospital, offering excellent medical services. The public infrastructure is modern and efficient, ensuring a high standard of living for residents.
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