Teulada, a hidden gem in the province of Alicante, is renowned for its rich history and impressive cultural heritage. Nestled within the region of Marina Alta, it enjoys a remarkable geographical location near the Mediterranean. The charming old town, with historical monuments such as the Church-Fortress of Santa Catalina and the Sala de Jurats i Justicies, bear witness to the town's medieval past. Its surroundings offer panoramic views and unique natural landscapes, where sea and mountain meet.
Exclusive properties' market in Teulada
Currently, the market for exclusive properties in Teulada is strong and stable, thanks to constant demand and the balance between the supply of luxury houses and apartments. Attracted by both the tranquility of living in a municipality of about 14,800 inhabitants and the beauty of the natural environment and the modern amenities of the area, many buyers look for their residence here.
Financial aspects of buying properties in Teulada
In Teulada, property buyers and sellers typically pay around 5-10% in commission to real estate agents. In addition, one must take into account additional costs, such as the Property Transfer Tax (ITP), which is 6-10%, and notary and legal expenses. Other costs such as building inspection may also arise. The tax regulation is favorable, with moderate wealth and capital gains taxes, and advantages for those who use the property as their primary residence.
Affordability of mortgages and desirable residential locations
Regarding financing opportunities, mortgage regulations in Spain allow financing up to 80% of the property value for residents. However, conditions can vary depending on the buyer's income and residence status. The most sought-after and exclusive areas to live are the old town and areas close to the coast, such as Moraira.
Access and proximity to services
Teulada is well connected thanks to its nearby AP-7 motorway and train station. The nearest airport is in Alicante, 94 km away, providing convenience for international travelers. As for local services, Teulada has several quality educational institutions, such as the Sant Vicent Ferrer Public School, and is close to other large cities like Alicante and Valencia.
Life and amenities in Teulada
Life in Teulada offers a range of opportunities, with a variety of outdoor and sporting activities like hiking, cycling, and water sports. Its Mediterranean climate, with mild winters and hot summers, perfectly complements its leisure offerings. Here you'll find exclusive shops, high-quality restaurants, and a wide range of sophisticated entertainment. In terms of healthcare, the city has the Teulada Health Center and is a short distance from several hospitals in nearby towns. In summary, the setting, modern infrastructure, and available services make Teulada an irresistible place to own a luxury property.
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