Alcoy is a city located in the province of Alicante, in the Valencian Community, with a rich history that dates back to prehistoric times. The city is known for its impressive mountainous landscapes and its strategic location in the Valley of the Bridges. Alcoy is home to numerous historical sites, including the Castle of Barchell and the iconic San Jorge Bridge. Its industrial past and vibrant culture make it a fascinating place to live and explore.
A Growing Exclusive Property Market
The luxury property market in Alcoy is currently stable, with growing demand that often exceeds the available supply of luxury houses and apartments. This imbalance has prompted buyers to act quickly when opportunities arise. The political and economic stability of the region reinforces confidence in the local real estate market.
Costs Associated with Purchasing Luxury Properties
Buying a luxury home in Alcoy involves considering several additional costs, such as the transfer tax, which is currently 10%. Moreover, it's important to account for real estate agent commissions, notary fees, and potential inspection costs. The average commission paid by a buyer is 3%, while sellers usually pay around 5%.
Exclusive Areas and Accessibility
The most expensive and sought-after areas for luxury residences in Alcoy include El Viaducto and Zona Alta. Alcoy is well connected by road, easily accessible from the AP-7, and has a regular train line connecting to nearby cities. The city of Valencia, the nearest large city, is approximately 100 km away, and the Alicante-Elche airport is about 85 km away, offering national and international connections.
Education, Culture, and Entertainment
Alcoy offers excellent educational options, such as the Polytechnic University of Valencia, Alcoy campus. Culturally, the city is famous for its Moors and Christians festivals and hosts museums like the Camil Visedo Archaeological Museum. Alcoy's culinary scene includes high-quality restaurants such as L'Amagatall de Tota. The public infrastructure is solid, with quality hospitals like the Virgen de los Lirios Hospital.
A Privileged Environment
Surrounded by natural parks such as Font Roja and Mariola, Alcoy offers spectacular landscapes for nature lovers. The Mediterranean climate allows for outdoor activities year-round, from hiking to mountain biking. In terms of shopping, the city features select shops and boutiques that cater to luxury needs.
Financial and Investment Aspects
Alcoy offers good conditions for real estate investment, with a favorable income tax rate of 21% for residents. Additionally, there is no wealth tax, making the city attractive to international buyers. For mortgages, both local and foreign buyers can generally obtain up to 80% of the purchase price, depending on their financial profile.
Alcoy is undoubtedly an ideal destination for those looking to combine luxury with history, culture, and nature, making the city an exceptional place to establish an exclusive home.
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