Calpe
Altea
Jávea
Moraira
Benidorm
Alicante
Dénia
Costa Sur
InteriorWhy buy in Altea
Altea is one of the most coveted municipalities on the northern Costa Blanca: Mediterranean climate (300+ days of sunshine), old town listed as a historic-artistic site, seafront promenade, established international community and direct AP-7 motorway connection to Valencia and Alicante.
Average price per m² in 2026 is around €2,900-3,500/m² for resale homes and over €4,500/m² for new builds with sea views. Long-term rental yields average 4-5% gross per year.
Areas and neighbourhoods
- Old town / Church: historic charm, pedestrian streets, renovated houses — from €350,000.
- Altea Hills: luxury development, villas with panoramic views — from €700,000 to several million.
- Sierra de Altea: quiet residential, detached chalets — from €500,000.
- Mascarat / Cap Negret: front line, apartments and villas — from €400,000 (flat) to €1M (villa).
- Alfaz del Pi (adjacent): more affordable alternative — from €180,000 (flat).
Taxes and costs
In the Valencia region, costs for buying a resale property are:
| ITP (Transfer Tax) | 10% of the deeded price |
| Notary | 0.5%-1% |
| Land Registry | 0.3%-0.5% |
| Gestoría | €300-600 |
| Lawyer | ~1% (strongly recommended, especially non-residents) |
For new builds: 10% VAT + 1.5% AJD instead of ITP.
Total estimated: 12-14% of the purchase price in extra costs.
Step-by-step process
- NIE — mandatory for foreigners (1-6 weeks).
- Reservation contract — 10% deposit, binding for both parties.
- Due diligence — check charges, IBI, licenses, community fees (your lawyer).
- Mortgage — official appraisal + binding offer (up to 80% for residents, 60-70% non-residents).
- Notary signature — sign + pay + receive keys the same day.
- Registration — gestoría registers the property in your name (1-3 months).
Typical timeline: 2 to 4 months from reservation contract to handover.
Practical tips
- Visit the property in different seasons: Altea changes a lot between summer and winter (noise, humidity, traffic).
- Check the IBI (can be high in coastal areas) and the community fee.
- Verify the certificate of occupancy is valid — without it utilities cannot be connected.
- For new builds, demand the bank guarantee on advance payments (Spanish Law 38/1999).
- If buying for tourist rental, first check the VT license with the town hall — Altea has restricted new licenses.