Question 1

How much does this property cost?

Accepted Answer

€350,000. This 3-bedroom, 2-bathroom bungalow offers premium specification at remarkable value. For context, comparable island properties command 40% higher pricing. The property can be financed through Spanish mortgages (typically 60-80% LTV available to foreign buyers) or purchased outright. Closing costs add approximately 8-10% to the purchase price.

Question 2

Can foreigners buy property in Spain?

Accepted Answer

Yes, absolutely. Foreign nationals can purchase property in Spain without restrictions or special visas. You'll need an NIE (Spanish tax identification number) and to open a Spanish bank account for the transaction. Most lawyers handle these requirements seamlessly. Purchasing process typically takes 8-12 weeks from offer to completion. Non-resident buyers may face slightly higher taxation, but rental income tax treatment is favorable for holiday lettings.

Question 3

Is Costa Blanca a good place to buy property?

Accepted Answer

Yes, Costa Blanca consistently ranks among Spain's strongest property markets. Values appreciate 6-9% annually, the region attracts 2+ million annual visitors, and the established expat infrastructure is unsurpassed. Los Alcazares specifically offers authentic coastal living without overdevelopment. The combination of investment returns, lifestyle quality, and affordable pricing makes it genuinely compelling for holiday home and investment portfolios.

Question 4

What are the rental returns on this property?

Accepted Answer

Similar 3-bedroom bungalows in Serena Golf achieve €800-1,000 weekly during peak season (May-September), generating €20,000-25,000 annually at conservative occupancy. Off-season rentals at €500-600 weekly extend income through milder months. Professional management typically costs 20-25% of rental revenue. Net returns of 12-18% annually are realistic for actively marketed properties. Many owners rent 20-25 weeks yearly, using remainder for personal holidays.

Question 5

What is the cost of living in Los Alcazares?

Accepted Answer

Cost of living is significantly lower than Northern Europe. Meals at local restaurants cost €8-15, supermarket shopping is 20-30% cheaper than UK prices, and utilities (electricity, water, internet) average €100-150 monthly. Healthcare is affordable even without insurance. Property taxes and community fees remain modest. Total monthly expenses for a couple can comfortably sit at €1,200-1,500 including all utilities, food, and entertainment.

Question 6

How is the weather in Los Alcazares?

Accepted Answer

Exceptional. The Costa Cálida averages 300+ days of sunshine annually. Summer temperatures reach 28-32°C (warm but not scorching compared to inland), while winter rarely drops below 12°C. Sea temperatures range 17°C (winter) to 26°C (summer). The Mediterranean climate is genuinely ideal for year-round use. Spring and autumn are particularly perfect—warm enough for beach time, cool enough for exploration without intense heat.

Question 7

Can I get a mortgage in Spain as a foreigner?

Accepted Answer

Yes. Spanish banks regularly offer mortgages to foreign nationals. Typical terms provide 60-80% loan-to-value financing over 20-30 year periods. Interest rates are competitive (currently 3-4% for fixed rates). Lenders require proof of income, employment status, and credit history. Documentation must be translated into Spanish by certified translators. The process takes 4-6 weeks once approved. Rental income can be counted toward qualifying income, making investment properties particularly attractive.

Question 8

What are property taxes in Spain?

Accepted Answer

Annual property taxes (IBI) in Los Alcazares average €300-400 for a property like this. Transfer tax on purchase is 5-7% (regional variation). Non-resident rental income tax is approximately 19% of theoretical rental income (Spain uses estimated income tables, not actual rental earnings). Wealth tax applies only if your Spanish property value exceeds €600,000. Costs are transparent and significantly lower than many European jurisdictions.

Question 9

How far is Costa Blanca from the UK?

Accepted Answer

Alicante-Elche Airport, 72km away, connects directly to major UK airports. Flight time from London is 2 hours 15 minutes; flying times from other UK regions range 2.5-3.5 hours. Multiple budget airlines (Ryanair, EasyJet, Wizz Air) operate daily routes, making weekend trips entirely realistic. Flight costs average £30-80 return if booked flexibly. Road access via ferry (England to Spain via France) is feasible for longer stays.

Question 10

Is Los Alcazares good for retirees?

Accepted Answer

Excellent. Healthcare quality and affordability are exceptional, cost of living is 30-40% lower than UK, the climate supports year-round activity, and the established English-speaking community removes isolation concerns. Residency visas for non-EU retirees are straightforward (demonstrating €2,700/month income). Many retirees choose exactly this lifestyle: guaranteed sunshine, excellent beaches, vibrant social scene, quality healthcare, and affordability. The town actively welcomes mature residents with organized activities and social groups.

3 Bed Bungalow Los Alcazares €350k - Costa Blanca

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