Moraira Property Buyers Guide for Foreigners

Welcome to this complete guide where we will explore how to buy properties in Moraira, a gem on the Costa Blanca. Moraira, with its charming mix of Spanish traditions and modernity, is a very attractive destination for foreigners looking for a home in Spain. In this guide, I will share essential information about property types, the best areas to live, current prices, and the state of the real estate market in Moraira.

Types of Properties in Moraira

In Moraira, you will find a variety of properties to suit different tastes and budgets. From luxurious villas with sea views to cozy apartments in the city center, there is something for every buyer. Villas are especially popular, accounting for about 60% of properties sold in the region. They often come with attractive features such as private pools, spacious gardens, and terraces with panoramic views.

Best Areas to Live

Moraira consists of several areas, each with its own charm. The most sought-after areas include:

  • El Portet: Known for its idyllic beach and stunning views.
  • Pla del Mar: Close to the center of Moraira, this area is perfect for those looking for comfort and accessibility.
  • Benimeit: Offers spectacular sea views and a peaceful environment.

Prices and State of the Real Estate Market

The real estate market in Moraira has not only proven to be resilient in the face of global economic challenges, but has also maintained a robust growth trend. Property prices have experienced an average increase of 4% per year over the past five years, a healthy indicator of a solid and long-term investment. This is particularly notable in a context where many global real estate markets have faced volatility.

An average villa in Moraira, representing a standard property in this region, can vary considerably in price. For example, a villa with two or three bedrooms, without sea views, can have a starting price of around 400,000 euros. These properties typically offer modern amenities, private gardens, and in some cases, community pools.

On the other hand, luxury villas, which usually have four or more bedrooms, spacious outdoor areas, private pools, and most importantly, stunning sea views, can reach or even exceed one million euros. These properties are usually located in exclusive areas such as El Portet or Cap d'Or, and represent the best in terms of luxury lifestyle on the Costa Blanca.

In addition to villas, the market in Moraira also offers a variety of apartments and townhouses. The prices of these properties are generally more affordable, starting at around 200,000 euros, providing options for those with a more limited budget or for investors looking for properties with rental potential.

It's important to note that the real estate market in Moraira has attracted not only buyers interested in living permanently in the region but also investors looking for vacation rental properties. The constant demand for rentals during the summer months can offer an excellent return on investment, which is an attractive factor for international buyers.

Process of Purchase for Foreigners

Acquiring a property in Moraira as a foreigner involves a clear and structured process, although it is essential to understand each step to ensure a smooth transaction. Below, we break down the process into more detailed stages to facilitate your understanding and preparation:

1. Obtaining the NIE (Foreigner Identification Number)

The NIE is an essential requirement for any foreigner who wishes to buy a property in Spain. This number is unique for each individual and is necessary for all financial and legal transactions in the country. You can apply for it at the Spanish embassy or consulate in your home country or directly in Spain at a police station that has a foreigner's office.

2. Opening a Spanish Bank Account

You will need a bank account in Spain to carry out transactions such as the payment of deposits, taxes, and mortgage fees. Opening an account as a non-resident is generally a straightforward process, and you can choose from several banks that offer services in multiple languages.

3. Searching and Selecting the Property

This is the time to explore Moraira and find the property that fits your needs and budget. Here is where our real estate agency in Moraira can assist you by providing access to a wide range of properties and advising you on the best options.

4. Legal Verification of the Property

Before proceeding with the purchase, it is crucial to ensure that the property has no charges, outstanding debts, or legal issues. A local lawyer can carry out this verification, reviewing the property's deed, mortgage status, and any other relevant legal aspects.

5. Signing the Purchase Contract and Deposit

Once you have chosen a property, you will sign a purchase contract and pay a deposit, usually 10% of the sale price. This contract sets the terms and conditions of the sale, including the price, completion date, and any other relevant conditions.

6. Preparing for the Purchase Deed

The final step is the signing of the purchase deed (public deed) before a public notary. This is a legal document that transfers ownership of the home. Before signing, make sure you have all the necessary funds available in your Spanish bank account, including the remaining balance of the purchase price and associated taxes and expenses.

7. Payment of Taxes and Related Expenses

After the purchase, you will need to pay various taxes and expenses, including the Property Transfer Tax (ITP) if it is a second-hand home, or VAT and the Documented Legal Acts Tax if it is new, in addition to the notary fees, property registration, and your lawyer's fees.

8. Property Registration

Finally, the purchase deed must be registered in the local Property Registry. This step is essential to guarantee your legal rights as a new owner.


Although buying a property in Moraira as a foreigner is straightforward, it involves several important steps. Working with local professionals, such as a lawyer and a real estate agent, is essential to ensure that all legal and financial aspects are handled correctly. With due diligence and appropriate advice, you can enjoy a smooth and secure transaction, bringing you one step closer to being an owner of a home in this beautiful corner of Spain.

Frequently Asked Questions

Is it necessary to be a resident to buy a property in Moraira? No, you do not need to be a resident in Spain to buy a property here.

What are the additional costs when buying a property? Apart from the purchase price, you should consider the transfer tax (ITP), notary fees, registration costs, and legal fees, which generally add up to around 10-15% of the purchase price.

Can I get a mortgage as a foreigner? Yes, many banks in Spain offer mortgages to foreigners. However, the requirements may vary.

Buying a property in Moraira is an excellent investment, both personally and financially. If you are interested in exploring housing opportunities in this beautiful region, do not hesitate to contact us at our real estate agency. We are here to help you find the property of your dreams in Moraira. Your adventure on the Costa Blanca starts with us!

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