Essence Residence Phase II
At Essence Residence, we believe a home is more than just a place—it is an experience. Our vision is to create spaces that inspire comfortable, harmonious living, where each day is enriched with a sense of wellbeing and positive emotion.
This thoughtfully planned gated community offers the perfect balance of privacy, exclusive amenities, and natural beauty. Surrounded by serene landscapes and ideally located near stunning beaches and world-class golf courses, Essence Residence delivers a lifestyle defined by comfort, convenience, and refined living.
The modern architecture of the complex reflects a seamless balance of elegance, innovation, and functionality. Designed by renowned architectural studios Pablo Villarroel and Yodezeen, the development showcases a wealth of expertise and a shared vision for creating exceptional living environments tailored to modern lifestyles.
The collection includes beautifully designed 2, 3, and 4-bedroom apartments, along with exclusive penthouses. Every residence has been thoughtfully planned to provide comfort, sophistication, and practicality, meeting the expectations of those seeking a truly elevated standard of living.
Property Highlights
- Property Status For Sale
- Property Type Apartment, Penthouse
Property Features
Luxury Highlights
Exceptional amenities including designer kitchens, private pools, advanced home automation, and panoramic views that redefine everyday living.
Video Highlights
Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.
Floor Plans
Frequently Asked Questions
Can foreigners buy property in Spain?
Yes, foreigners can freely purchase property in Spain, whether for personal use, investment, or retirement. There are no restrictions based on nationality. However, non-EU buyers should be aware of potential regulatory changes, such as proposed taxes targeting non-EU property purchases.
What is an NIE, and why do I need it?
The NIE (Número de Identificación de Extranjero) is a tax identification number required for all legal and financial transactions in Spain, including property purchases. You must obtain it before signing the deed. It can be acquired through Spanish consulates abroad or directly in Spain
What taxes and fees are involved in buying property?
Buyers should budget for:
- Transfer Tax (ITP): 6–10% for resale properties.
- VAT (IVA): 10% for new properties, plus 1.5% for stamp duty.
Notary, registration, and legal fees: Approximately 2–3% of the purchase price.
Can I get a mortgage in Spain as a non-resident?
Yes, non-residents can obtain mortgages from Spanish banks. Typically, banks offer up to 70% financing for non-residents, requiring a 30% down payment plus additional funds for taxes and fees.
What is the process of buying a home in Spain?
The general steps include:
- Obtain an NIE.
- Open a Spanish bank account.
- Find a property and make an offer.
- Sign a reservation agreement and pay a deposit.
- Conduct due diligence (legal and structural checks).
- Sign the purchase deed before a notary.
- Register the property and pay associated taxes
Should I hire a lawyer?
While not mandatory, hiring an independent lawyer is highly recommended. A lawyer will ensure the property is free of debts, verify legal documentation, and protect your interests throughout the transaction
What is the "cédula de habitabilidad"?
This is the certificate of occupancy, confirming that a property meets habitability standards. It’s essential for utility registration and, in some regions, for property rentals
Are there restrictions on renting out my property?
Rental regulations vary by region. Some areas require a tourist license for short-term rentals, and there may be restrictions in place to control housing availability for locals
What ongoing taxes will I owe after purchasing?
Owners must pay:
- IBI (Impuesto sobre Bienes Inmuebles): Annual property tax.
- Non-Resident Income Tax: If you don’t live in Spain full-time.
Wealth Tax: Applicable for high-value properties, depending on regional laws
What is the Golden Visa, and is it still available?
The Golden Visa program granted residency to non-EU citizens investing €500,000 or more in Spanish real estate. However, as of April 2025, the program has been discontinued
Typically, the process takes 1–3 months, depending on factors like obtaining an NIE, mortgage approval, and due diligence.
Yes, non-residents can obtain mortgages from Spanish banks. Typically, banks offer up to 70% financing for non-residents, requiring a 30% down payment plus additional funds for taxes and fees.
What documents are required to buy property?
Essential documents include:
- Valid passport.
- NIE.
- Proof of funds or mortgage pre-approval.
- Spanish bank account details.
Signed reservation and purchase agreements.
What should I check during due diligence?
Ensure:
- The property is free of debts or encumbrances.
- All licenses and permits are in order.
- There are no legal disputes involving the property.
- The property’s physical condition is sound.
Are there common pitfalls to avoid?
Yes, including:
- Not understanding all taxes involved.
- Skipping due diligence.
- Not verifying the property’s legal status.
- Failing to account for additional costs.
Can I buy property remotely?
Yes, with a power of attorney, a representative can handle the purchase on your behalf. This is common for international buyers.
What are typical property prices in major cities?
Average prices per square meter:
- Madrid: €3,682
- Barcelona: €4,009
- Valencia: €1,824
- Malaga: €2,091
Palma de Mallorca: €2,897
How do I choose the right location?
Consider factors like proximity to amenities, climate, transportation links, and whether the area suits your lifestyle or investment goals. Popular regions include Costa del Sol, Balearic Islands, and major cities like Madrid and Barcelona.
What is the role of a notary in the buying process?
The notary ensures the legality of the transaction, verifies the identities of parties involved, and records the sale in the public registry.
Are there any residency requirements after purchase?
Owning property does not automatically grant residency. If you plan to stay long-term, you must apply for the appropriate visa or residency permit.
What are the implications of proposed taxes on non-EU buyers?
Spain has considered implementing a 100% tax on properties bought by non-EU citizens to address housing affordability issues. While not yet enacted, it’s essential to stay informed about such policy changes
Inquiry For This Property
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