Calpe Luxury Apartment at €444K: The Full Breakdown

New builds in the Valencia region pay 10% VAT (IVA) plus 1.5% stamp duty (AJD). On a €444K property, that's €44,400 in VAT and €6,660 in stamp duty before legal fees. Total buying costs add roughly €58,000 to the purchase price.

At €444K, the yield story is different from a €150K studio or a €260K three-bed in Torrevieja. You won't hit 6% net. That's fine if you understand what you're buying.

Calpe Airbnb data for 2025-2026 shows a median ADR of €140 across all listing types, but luxury properties with pools and views command €180-250 in peak season and €90-130 off-peak. At realistic occupancy rates, gross rental income lands between €26,000 and €28,000 per year.

Annual running costs for a building like this sit higher than average. Community fees for luxury complexes with two pools, a gym, and rooftop maintenance run €2,400-3,000/year. Add IBI, insurance, and a property manager at 15%, and you're looking at roughly €8,500-9,000 in annual outgoings.

Net income: €18,500-19,500. That's a 4.2-4.4% net yield on the purchase price, or 3.6-3.9% on total investment. Not headline-grabbing, but solid for luxury coastal property. The real return story is appreciation plus lifestyle value.

For a full breakdown of buying costs and taxes in Spain, check our guide. If you're comparing financing options, non-residents typically get 60-70% LTV on new builds.

If you plan to live in this apartment year-round, expect two different towns. October through May, Calpe is a walkable Mediterranean town with 26,000 residents, good healthcare, and enough restaurants to eat out every night for a month without repeating. The expat community is active, the weather is mild (rarely below 10°C), and the Peñón de Ifach hiking trail is blissfully empty on weekday mornings.

June through September, the population balloons. The beach road gridlocks. Playa La Fossa fills by 11am. The noise from Avenida Gabriel Miró carries until the early hours. Many long-term residents leave in August and rent out their apartments at peak rates instead. That's a legitimate strategy: earn 70% of your annual rental income in four months, then enjoy the town when it's liveable.

Infrastructure holds up better than some smaller Costa Blanca towns. Calpe has its own health centre, police station, and municipal services sized for summer demand. But the sewage system and water pressure get tested, and the main supermarkets queue deep on Saturday mornings in July.

Calpe apartment prices have risen roughly 40% since 2022, from €2,595/m² to €3,650/m² (Engel & Völkers data, 2026). That's faster than the Costa Blanca average. Growth has slowed in 2026 to around 2.5% year-on-year for apartments, down from 11.7% in 2025 and 14.4% in 2024. The easy gains are likely behind us, but the fundamentals—airport connectivity, healthcare infrastructure, established expat community—support continued modest appreciation.

How does this compare? A €260K three-bed in Torrevieja delivers 5.5-6.8% net yield with year-round demand from long-stay Northern Europeans. A €444K luxury two-bed in Calpe delivers 3.6-4.4% net yield but with stronger appreciation potential and a higher-quality lifestyle. Torrevieja wins on pure cash flow. Calpe wins if you value the property as both an asset and a place you'd actually want to live.

At €502K total investment with a 70% LTV mortgage (€311K), monthly payments at 3.5% over 25 years come to roughly €1,550, or €18,600 annually. Net rental income of €18,500-19,500 covers the mortgage and breaks even on cash flow. Capital appreciation does the heavy lifting on total returns.

If you're buying purely for yield, this isn't the property. If you want a dual-use asset—personal use in the quiet months, rental income in peak season, in a town that genuinely works for year-round living—this is worth serious consideration. Read our new build buying process guide for the next steps.