Real Estate in Altea, Spain
Last updated on Jul 04, 2024
Summary: The most desirable neighborhoods in Altea, Spain are La Olla, La Roda, and El Planet. On average, a nice 2 bedroom home in Altea costs around $200,000 USD, while a nice 3 bedroom home costs around $250,000 USD. These properties typically include modern amenities such as air conditioning, a fully equipped kitchen, and a private terrace. Foreigners are allowed to purchase property in Altea, however they must obtain a NIE number (Foreigner Identification Number) in order to do so. The best way for an expat to search for a home to buy in Altea is to use a real estate agent or search online for properties. It is also important to research the area and the local market before making any decisions.
How do I find a place to live in Altea?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"I first rented in Casco Antiguo, scenic old town. I was glad I did, as the noise and vibration of the twice hourly tram travelling though a tunnel nearby my place, led me to move to another area in Casco Antiguo, just near the heart of the action. I suggest you go to the place you are considering at various times of day to check out things like noise, neighbors and neighborhood, etc," said one person in Altea.
"One way to find a place to live in Altea is to search online for rental listings. There are many websites that offer listings for apartments, houses, and other types of rental properties in Altea. Additionally, you can contact local real estate agents who specialize in the area to help you find a suitable place to live. You can also look for rental postings in local newspapers and on bulletin boards in the area. Finally, you can ask friends and family who live in Altea for recommendations," remarked one foreigner who made the move to Altea.
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With over 40 years of professional experience, Balcells Group provides legal advice on immigration, business, real estate, and tax. They help individuals, companies, investors, students, entrepreneurs, highly-qualified professionals, digital nomads, and more, to enjoy successful law processes in Spain by guiding their clients every step of the way. They speak Spanish, English, Catalan and Russian.
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With over 40 years of professional experience, Balcells Group provides legal advice on immigration, business, real estate, and tax. They help individuals, companies, investors, students, entrepreneurs, highly-qualified professionals, digital nomads, and more, to enjoy successful law processes in Spain by guiding their clients every step of the way. They speak Spanish, English, Catalan and Russian.
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Click connect to have our partner contact you via e-mail and/or phone.
What is a typical expat home or apartment like in Altea?
"In Casco Antiguo, the old whitewashed buildings are joined together, often with more than one floor. The apartments or "pisos" range from studios to very large, multi-storied places. Mine is a spacious 3 bedroom with a full galley style kitchen, and the washing machine is in its own room, as opposed to its typical placement in the kitchen. I am pleased to have air conditioning during the hot, humid summer. I was surprised to learn that air con is not very common. Glad I asked for it," said one expat in Altea.
"Expat homes and apartments in Altea are typically modern and spacious, with plenty of natural light and stunning views of the Mediterranean Sea. Many of the homes and apartments have terraces or balconies, perfect for enjoying the warm Spanish climate. Inside, the apartments are typically decorated with bright colors and modern furnishings, creating a comfortable and inviting atmosphere. Many of the homes and apartments also have access to communal pools and gardens, making them ideal for those looking to enjoy the outdoors," remarked one member in Altea.
With over 40 years of professional experience, Balcells Group provides legal advice on immigration, business, real estate, and tax. They help individuals, companies, investors, students, entrepreneurs, highly-qualified professionals, digital nomads, and more, to enjoy successful law processes in Spain by guiding their clients every step of the way. They speak Spanish, English, Catalan and Russian.
Click connect to have our partner contact you via e-mail and/or phone.
With over 40 years of professional experience, Balcells Group provides legal advice on immigration, business, real estate, and tax. They help individuals, companies, investors, students, entrepreneurs, highly-qualified professionals, digital nomads, and more, to enjoy successful law processes in Spain by guiding their clients every step of the way. They speak Spanish, English, Catalan and Russian.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Altea?
If you are thinking about moving to Altea, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Altea is generally quite reasonable, with the average price for a two-bedroom apartment ranging from around €500 to €800 per month. Prices can vary depending on the location and size of the property, with larger apartments and those located closer to the beach typically costing more," said one expat in Altea.
"My rent is 400 Euros per month, plus about 40 for electricity and 5 for water. My mortgage in the Central Coast of California was $4000, granted for a larger house, but an equivalent size home on the edge of the Altea with land, would still be far cheaper than my home in California," remarked one member in Altea.
Should I buy or rent a home in Altea?
If you have not spent a lot of time in Altea, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Altea can be a great investment. The area is known for its stunning views of the Mediterranean Sea and its vibrant culture. The cost of living is relatively low compared to other parts of Spain, making it an attractive option for those looking to purchase a home. However, if you are not ready to commit to a long-term investment, renting a home in Altea may be a better option. You can enjoy the same benefits of living in Altea without the long-term commitment," said one person in Altea.
What do I need to know when buying property in Altea?
When we asked expats what advice they would give a foreigner before buying a property in Altea, they said:
"When buying property in Altea, it is important to research the local market and understand the legal requirements for purchasing property in the area. It is also important to consider the local infrastructure, such as transport links, schools, and amenities, as well as the local climate and environment. It is also important to ensure that the property is in good condition and that all necessary paperwork is in order. Additionally, it is important to be aware of any taxes or fees associated with the purchase of the property. Finally, it is important to seek professional advice from a qualified lawyer or estate agent to ensure that the purchase is completed correctly and legally," said one person in Altea.
Are foreigners allowed to own property in Altea?
When we asked expats what advice they would give a foreigner before buying a property in Altea, they said...
"Yes, foreigners are allowed to own property in Altea. According to Spanish law, non-residents are allowed to purchase and own property in Spain, including in Altea. The process of purchasing property in Altea is similar to that of other areas in Spain, and requires the buyer to obtain a NIE number, which is a tax identification number for foreigners. Additionally, the buyer must open a Spanish bank account and obtain a power of attorney to complete the purchase," wrote one expat who made the move to Altea.
What appliances are typically included in a rental?
We asked foreigners in Altea what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Altea, rental properties typically include a refrigerator, stove, oven, washing machine, and dishwasher. Additionally, some properties may include air conditioning, a microwave, and a television," explained one person living in Altea, Spain.
Additional Information about Searching for a Home in Altea:
We asked foreigners in Altea what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Altea by looking online for real estate listings, contacting local real estate agents, and searching for rental properties on websites such as Airbnb. Additionally, expats can look for homes in Altea by attending open houses, networking with other expats in the area, and asking locals for recommendations," wrote one expat who made the move to Altea.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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