Mission Statement: to assist the integration of foreign residents living in Spain
By Victoria Scott • Updated: 09 Nov 2023 • 11:14 • 9 minutes read
Image - Alex Tihonovs/Shutterstock
This guide will explain what is involved in selling your home in El Campello, how to find out how much your property is worth, how long you can expect the sale to take from start to finish, and all documentation necessary to get your property sold. We’ll also point you to the best place for the help of a recommended expert and experienced estate agent.
The charm of El Campello is still visible and unchanged through its 14-mile-long white sandy beach, a busy marina, and fish market. It is only 19 miles from Benidorm and still maintains the calm and relaxed atmosphere of a traditional seaside town, so it´s no surprise that property in El Campello is sought after.
Only a 20-minute tram ride from Alicante city centre, El Campello is becoming increasingly popular as a place to buy property in the Costa Blanca due to its picturesque views of the beautiful Mediterranean seas and beaches, the landscape of the rolling mountains and amenities all in one place.
The price for property in El Campello varies and depends on what type of property you want and what type of property you have. A 2–bedroom apartment in El Campello can go from between €95,000 to €430,000. While a villa or townhouse can go from €124,000 to €3,800,000 – obviously depending on size.
The Spanish property market is booming with prices continuing to go up steadily, the market is forecast to be getting even better in 2023. With the tourism industry also flourishing and Spanish tourism numbers going through the roof, now over pre-pandemic levels, Spain is getting its fiesta back and this is the perfect time to sell!
During the pandemic, many people invested in their homes to create a better and more enjoyable environment to live in – not only improving their own quality of life but also improving the price of their property at the same time.
The most time-consuming part of the selling journey can be the legal paperwork, however, once this is all done and dusted and you’ve signed on the dotted line, you will sell your property in no time. Of course, it’s always advisable to leave a bit of room for negotiation.
El Campello remains a lively Spanish village, even in winter. The range of shops is extensive and is concentrated around Avenida de la Generalidad and Calle San Bartolome. In their spare time, many residents get a breath of fresh air on the beach and promenade of El Campello.
The coastline of El Campello can be divided into three residential areas, each with different types of buildings. El Campello towards Alicante boasts high-rise buildings and apartments for holiday homes. This area attracts many foreign buyers.
If you go north from the centre of El Campello, towards Benidorm, you will find a beautiful, hilly coastal area. The most popular residential areas here are La Coveta Fuma, Cala D’Or, la Merced and Venta Lanuza. The properties are mainly detached villas with spacious plots and prices vary widely depending on the views and the quality of the property.
In the old town centre of El Campello, you will find typical Spanish low-rise buildings. From the old town centre towards the boulevard and the beach at the centre of El Campello, the buildings are varied and include apartments, semi-detached houses and detached villas. The construction of tall residential buildings is no longer permitted on the first line of the boulevard, making it a very attractive area.
Property sales on the Costa Blanca are currently booming, meaning selling your home in El Campello proves to be an excellent return on investment – and the best people to help you with this is a trusted and honest estate agent in the area.
Agents Commission – If you have used an agent to sell your property, you will also have to pay fees to the agent.
Mortgage Cancellation and Registration Fees at the Notary – As the seller, you will have to make sure that your mortgage is cancelled at the Notary and Registry. This may cost anywhere from €600 to €1000 and is an amount that will probably be held by the solicitor to make sure that this is done.
Plusvalia – sellers have to pay a tax based on the incremental value of the land which the property occupies over the number of years you have been the owner.
Non-Resident Retention 3 per cent – If you are not a resident of Spain, the buyer of your property will also have to retain 3 per cent of the sales price stated in the “Escritura” (Title Deed) to pay to the Spanish taxman (Hacienda) on your behalf towards your Capital Gains Tax. Fiscal residents do not have any retention made on them, however, they may have to pay tax on the sale the year after when filling in their tax returns.
Legal fees – A good legal office will prepare utility contracts, community charges and “Suma” invoices, speak with the purchaser’s representatives and the Notary, book the Notary appointment and organise all of the related paperwork, go with the seller to the Notary and translate for them, calculate the 3 per cent retention, calculate and advice re Capital Gains Tax and give fiscal representation throughout the selling process.
Mortgage Cancellation Fees – Your bank will probably have a 0.5 per cent to 1 per cent cancellation charge for the balance of your outstanding mortgage.
IBI and Utilities – make sure your utility bills are all paid up as these will need to be settled up to the date of sale. You will need to provide the original proof of payment when signing. Sellers have to pay the IBI or council tax for the whole year they are selling.
Community Fees – Make sure your Community Fees are up to date. Usually, you will have to present a Community Certificate to the buyer when signing the Title Deed to prove this.
Your Gestor is an invaluable member of your “team” when it comes to selling your property in Spain. They will help you with a number of tasks including:
Remember, potential buyers are seeking a new place to live in potentially a new country, or area – or it could be a first-time buy! Show them what attracted you to Spain or why you loved the property so much when you first stepped through its doors.
All properties come with potential, ensure that you are adding to the property and not taking away from it. When a prospective buyer walks in, they should feel wowed and begin to consider how they will design the property, where their furniture will be placed, how they will present the outdoor areas and how this new chapter of their life will look!
So, here are a few top tips for preparing your home or property for the housing market
Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories. Remember, you can also follow us on Facebook and Instagram.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our Privacy Policy for more information about our privacy practices.
Download our media pack in either English or Spanish.