Question 1

Can I buy a house in Finestrat as a foreigner?

Accepted Answer

Yes, as a foreigner you can buy a property in Finestrat without any restrictions. This municipality at the foot of the Puig Campana mountain attracts international buyers seeking a mix of beach, mountains and quality of life. There is a growing community of Dutch, Belgians, Scandinavians and British. You only need a NIE number (Spanish tax number for foreigners), which you can apply for at the Oficina de Extranjería in Alicante or through the Spanish embassy.

Question 2

What are the average property prices in Finestrat?

Accepted Answer

Property prices in Finestrat vary significantly by location. A 2-bedroom apartment costs on average €150,000-€280,000. Townhouses €180,000-€320,000. Villas with sea views start from €300,000 and can go up to €1,500,000 for luxury properties with private pool and panoramic views. Properties in the village of Finestrat are often more affordable than on the coast (La Cala de Finestrat). Prices have risen by 6-10% per year in recent years due to high demand.

Question 3

What costs are added to the purchase price in Finestrat?

Accepted Answer

When purchasing a property in Finestrat, you should budget for 10-13% in additional costs on top of the purchase price. This consists of: Transfer tax (ITP) of 10% for existing properties in the Valencia region, or 10% VAT + 1.5% stamp duty for new builds. Additionally, you pay notary fees (€700-€1,500), land registry fees (€500-€900), and lawyer fees (1-1.5% of the purchase price). For a property of €300,000, you should therefore expect approximately €30,000-€39,000 in additional costs.

Question 4

What significance does the Puig Campana have for Finestrat?

Accepted Answer

The Puig Campana (1,406 m) is the iconic mountain that dominates Finestrat. For property buyers, this means: spectacular views from many properties, a unique microclimate, and outdoor opportunities including hiking, climbing and mountain biking. The mountain protects the area from northern winds, creating a mild climate. Properties with a view of the Puig Campana are in high demand. The nature reserve around the mountain is protected, guaranteeing its beauty.

Question 5

Can I get a mortgage as a foreigner for a property in Finestrat?

Accepted Answer

Yes, Spanish banks provide mortgages to foreigners for properties in Finestrat. As a non-resident, you can usually borrow 60-70% of the appraised value. Mortgage rates are around 3-4% for non-residents. Banks such as CaixaBank, Sabadell and BBVA have offices in nearby Benidorm. Finestrat has many higher-value properties, making you an attractive customer for banks. Required: NIE number, income proof, bank statements, and property valuation report.

Question 6

What are the best neighborhoods to buy in Finestrat?

Accepted Answer

The best locations in Finestrat are: Finestrat Pueblo - the charming white village in the hills, authentic with panoramic views. La Cala de Finestrat - at the beach, modern, near the Asia Gardens hotel. Sierra Cortina - exclusive, with golf course and luxury villas. Balcón de Finestrat - residential area with sea views. Terra Mítica area - near the theme park, more affordable. For beach: La Cala; for village charm: Pueblo; for luxury and golf: Sierra Cortina.

Question 7

Can I rent out my property in Finestrat to tourists?

Accepted Answer

Yes, you can rent your property in Finestrat to tourists with a tourist license (licencia turística) from the Generalitat Valenciana. The proximity to Benidorm and attractions like Terra Mítica ensures good rental demand. Rental income: €700-€1,500 per week in high season for a villa with pool. La Cala de Finestrat has a strong rental market. Note: some luxury urbanizations restrict short-term rentals, so always check HOA rules.

Question 8

What annual costs do I have as a property owner in Finestrat?

Accepted Answer

As a property owner in Finestrat, you pay annually: IBI (municipal property tax) of €400-€1,500 depending on cadastral value - higher than smaller towns due to desirable location. Community fees (HOA) of €100-€300 per month in luxury urbanizations with pool, gardens and security. Non-resident tax of approximately €300-€800 per year. Building insurance of €200-€500 per year. For a villa with pool, expect €6,000-€12,000 per year in fixed costs.

Question 9

What does Terra Mítica mean for property buyers in Finestrat?

Accepted Answer

Terra Mítica is one of Spain's largest theme parks, located in Finestrat. For property buyers, this means: excellent rental potential for families with children, good infrastructure (roads, services), and year-round activity in the area. Properties near the park are more affordable than in Sierra Cortina or La Cala, making them attractive for investors. Disadvantage: some noise and traffic during busy days. For personal use and investment, this location offers a good mix.

Question 10

How is the beach at La Cala de Finestrat?

Accepted Answer

La Cala de Finestrat has a beautiful, sheltered bay with a sandy beach. The beach is calmer than Benidorm's busy beaches, with a cozy boulevard with restaurants and bars. There are all facilities: lifeguards, showers, beach rentals. The location between the cliffs provides protection from wind. La Cala has its own atmosphere: more exclusive and quieter than Benidorm, but still lively. For beach lovers who prefer calmer than mass tourism, La Cala is ideal.

Question 11

What documents should I check when buying a property in Finestrat?

Accepted Answer

When buying in Finestrat, check: Nota Simple (property deed from Land Registry) for ownership and mortgages. IBI receipts for paid taxes. HOA certificate without outstanding payments (important in luxury urbanizations). Cédula de Habitabilidad (habitability certificate). Energy certificate. For villas in the hills: check the plot boundaries and building permits - some properties have unpermitted extensions. A lawyer (€1,500-€2,500) is essential for higher-value properties.

Question 12

What taxes do I pay as a non-resident with a property in Finestrat?

Accepted Answer

As a non-resident with a property in Finestrat, you pay: Annual non-resident tax (IRNR) on deemed rental income (1.1-2% of cadastral value × 19-24% rate), typically €400-€1,000 per year due to higher property values. IBI (property tax) annually to the municipality. Wealth tax above €700,000 in Spanish assets (0.2-2.5%). Upon sale: capital gains tax of 19-23%. EU citizens pay 19%, non-EU citizens 24%.

Question 13

How large is the expat community in Finestrat?

Accepted Answer

Finestrat has a significant international community, though smaller than in Benidorm. In Sierra Cortina, La Cala and the urbanizations, there are many Dutch, Belgians, Scandinavians and British. Finestrat Pueblo has more Spanish residents and offers a more authentic experience. There are golf clubs, social clubs and international restaurants. Benidorm's extensive international amenities are just 5-10 minutes away. Finestrat attracts expats seeking quality and tranquility with Benidorm's entertainment within reach.

Question 14

Is Finestrat a good real estate investment?

Accepted Answer

Finestrat is an excellent investment: combination of beach (La Cala), mountains (Puig Campana) and entertainment (Terra Mítica). The municipality is well-managed with quality urbanizations. High demand from both holidaymakers and permanent residents. Price appreciation of 6-10% per year in recent years. Rental potential is strong due to diverse attractions. Luxury segment around Sierra Cortina attracts wealthy buyers. Risk: higher entry prices than purely coastal locations. For value and lifestyle, Finestrat is one of the best choices on the Costa Blanca.

Question 15

What new build projects are there in Finestrat?

Accepted Answer

Finestrat has an active new build market, especially in the middle and higher segments. Sierra Cortina has luxury villa projects. La Cala area has modern apartments with sea views. New developments focus on quality: private pools, home automation, energy efficiency. New apartments start around €250,000, villas from €400,000. You pay 10% VAT + 1.5% stamp duty with warranties up to 10 years. The resale market in the village and older urbanizations offers more affordable alternatives.

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