New development of apartments and penthouses in Altea

This exceptional new-build development presents a rare opportunity to secure a luxury apartment in one of the Mediterranean’s most desirable coastal destinations: Altea. Often referred to as the “Spanish Santorini”, Altea is celebrated for its whitewashed old town, artistic atmosphere, crystal-clear beaches and relaxed yet sophisticated lifestyle.

Located just 50 metres from the seafront promenade and beautiful Blue Flag beaches, this exclusive boutique development will comprise only 20 luxury residences, offering privacy, quality and long-term investment potential in an increasingly limited market.

Designed with sustainability and contemporary Mediterranean living in mind, the project features Energy Certificate A — the highest energy rating available in Spain — together with aerothermic climate systems and solar panels included as standard. High-quality materials, efficient insulation and advanced systems are expected to reduce utility costs by up to 50%, while delivering exceptional year-round comfort.

The apartments are available in various layouts, with prices starting from €495,000 + VAT (and notary and registry costs of approx 14%) for 2-bedroom, 2-bathroom residences, garage parking included. Each property includes a fully fitted kitchen with integrated white goods including dishwasher, refrigerator, oven, hob, extractor hood and washing machine, together with a complete air-conditioning system.

Perfectly positioned within walking distance of Altea’s charming old town, residents can enjoy renowned restaurants, boutiques, art galleries and the iconic church square that has made the town famous worldwide and frequently featured by National Geographic. The area also offers outstanding outdoor living, with scenic hiking trails, mountain routes and cycling roads regularly used by professional international cycling teams during winter training seasons.

Connectivity is another major advantage. The nearby tram station — lonly a few hundred meters away — provides direct links along the Costa Blanca to destinations including Alicante, Benidorm, Villajoyosa, El Campello, Calpe and Dénia. The development is also conveniently located approximately 50 minutes from Alicante–Elche Miguel Hernández Airport and 1 hour 40 minutes from Valencia Airport via the AP-7 motorway.

From an investment perspective, the development offers particularly strong fundamentals. Market analysis forecasts projected annual ROI levels between 5% and 7%, while values are expected to increase progressively throughout the construction period due to the project’s rarity and prime location. Importantly, all stage payments are fully protected under Spanish Law 20/2015 through safeguarded accounts and bank guarantees issued by Banco Santander, ensuring complete buyer security throughout the purchase process.

Delivery is scheduled for October 2027.

Payment Structure:

• €10,000 reservation deposit

• 30% + VAT upon signing the private purchase contract within 30 days

• 10% + VAT payable in instalments during the following 6 months

• Remaining balance payable upon completion and title deed signature

A truly limited opportunity to own an eco-friendly luxury residence in one of the sought-after coastal towns.

More details or to arrange a site visit, contact me on +34 657 960480 or message