If your heart starts beating faster when you imagine the treasures of the Prado or the masterpieces of Gaudí architecture, the sunny coast and small restaurants on the coast, you need to get a ticket and fly to Spain as soon as possible. After all, everyone has been admiring the mild climate and the sights of this beautiful country for centuries. There are so many iconic places in Spain that it is unlikely that a whole vacation will be enough for you to see at least part of them. Therefore, we advise you to visit the cozy town of La Zenia, property for sale here will make it possible for you to extend your stay in the country.
La Zenia is a wonderful corner in the province of Alicante on the Mediterranean coast, located near the city of Torrevieja. This place is famous for its cozy beaches, marked with the Blue Flag, excellent organization of recreation, especially for the elderly and families with children. The Spaniards make up the majority among the vacationers, but the British and Scandinavians love La Zenia too.
The local real estate market comprises a wide range of properties for every taste and budget. Real estate agents can offer you apartments in small buildings, townhouses, chalets or bungalows on the beach. If finances allow, then you can consider many options for luxury villas.
Conditions for the purchase of real estate and prices
Prices vary greatly and depend on the location of the property, the quality of development, the availability of various amenities, preferences and much more. For example, the price of 1 sq. m of housing located almost in the center of the town can be €1750. So, an apartment of 80 sq. m will cost you €140,000. A townhouse with an area of 85 sq. m, located in a park next to the famous La Zenia Boulevard shopping center will cost €215,000 (1 sq. m = €2,500).
Two-level villa with an area of 100 sq. m with three bedrooms and a private pool is for sale at a price of €340,000, respectively 1 sq. m = €3400. Furnished three-bedroom penthouse of 93 sq. m costs €418,000 (1 sq. m = €4,500).
Both residents and non-residents of Spain have the right to purchase real estate, including residential, commercial real estate, and building plots. Please note that additional costs (taxes, translation services, etc.) upon purchase can be up to 15% of the value of the property.
The process of buying a property consists of several stages:
- 1. You should decide on the item of purchase. To do this, you can remotely explore the databases that include La Zenia properties for sale available on the Internet or see the properties for yourself.
- 2. It is necessary to open an account in a Spanish bank, from which you will subsequently pay for the purchase, as well as pay taxes and make utility payments.
- 3. Next, you need to sign a preliminary purchase agreement, i.e. book a property and make a deposit, usually 10% of the value of the property.
- 4. When carrying out any financial transactions in Spain, a foreigner is required to obtain an identification number (NIE). This number can also be obtained in your country by contacting the Spanish consulate.
- 5. If necessary, you can apply for a mortgage loan in a Spanish bank. The loan amount can be up to 60% of the appraised value of the property. To buy real estate in La Zenia for sale, as a rule, a loan is issued at a rate of 4-5% per annum for up to 30 years.
- 6. Signing the contract of sale and registration of ownership.
If you finally decide to buy in La Zenia, just know that there are numerous agencies that help both Spanish nationals and foreigners understand the intricacies of the process of renting or buying a home because most clients are unlikely to carry out such transactions very often. Trust such an agency with a good reputation and the purchase process will become completely easy, and the result will exceed all expectations!
