Almaia Living: Investing in Property on the Costa Blanca with Professional Rental Management

A new-build apartment by the sea with a professional rental concept

Discover Almaia Living, an exclusive new-build development in
Torrevieja, on the Southern Costa Blanca. This modern residence consists
of 24 homes and has been designed from the outset for professional
tourist rentals. The project combines investment in Spanish property,
professional rental management and the opportunity to enjoy your own
stay under the Spanish sun.

The apartments are delivered furnished and are located just 300 metres
from the sea. With the beach, promenade, restaurants, shops and
marinas nearby, Almaia Living is attractive to holidaymakers looking to
experience the Mediterranean lifestyle. The airport is approximately 42
kilometres away, making the development easily accessible for
international owners and guests.

What sets Almaia Living apart is that the building and furnishings have
been designed around tourist accommodation from the start. Rentals are
centrally managed by one professional operating company, so owners do
not have to organise the day-to-day rental process themselves.

Different property types with terraces and outdoor spaces

Almaia Living offers a varied range of property types:

• Modern apartments
• Ground-floor homes with private gardens
• Luxury penthouses with spacious terraces

Depending on the property type you choose, you will have your own
outdoor space in which to relax, dine outdoors or enjoy the
Mediterranean climate. Some homes also have a solarium where you can
enjoy the sunshine in peace.

Layouts are available with 1, 2 or 3 bedrooms and 1 or 2 bathrooms.
This gives you several options to suit your personal preferences and
investment objectives.

Modern finishes and communal facilities

The homes have been designed with comfort, functionality and a
contemporary appearance in mind. They are delivered furnished and
equipped with high-quality appliances. Porcelain tile floors, fitted
wardrobes, electric shutters and air conditioning contribute to a
comfortable, easy-to-maintain living environment.

The communal facilities are also part of the residential concept. The
development features:

• Beautifully landscaped communal gardens
• A communal swimming pool
• A fitness room

These facilities contribute to an enjoyable holiday experience and
support the concept of a modern residence on the Mediterranean.

Specifically designed for professional tourist rentals

Almaia Living is not a traditional residential development where each
owner independently decides how to rent out their property. From the
outset, the project has been designed for tourist accommodation.

The building and its furnishings are adapted to tourist requirements.
According to the project concept, the tourist licence and operating
licence are arranged together, allowing professional rentals to take
place within the intended framework.

The rentals are managed by one designated operating company, which
handles, among other things:

• Reception and tourist information
• Guest check-in and check-out
• Billing for services
• Guest services and complaint handling
• Rental organisation and cooperation with tourist rental channels

Owners can view their apartment's rental periods at any time and see
when the property is occupied or available.

How is the rental rate determined?

The apartments are divided into categories. Rates are determined based
on market research, the apartment category, the services provided and
the season.

The operating company pays the owner a net amount based on actual
rentals to third parties and the terms of the operating agreement.

Important: no fixed return is guaranteed. Income depends, among
other things, on demand for holiday accommodation, the seasons,
occupancy rates, rental prices, applicable costs and contractual terms.

Enjoying your apartment yourself

An important advantage of Almaia Living is that you can combine your
investment with your own holidays on the Costa Blanca.

The project concept provides for up to four months of personal use per
year, subject to the rental programme and the applicable operating
agreement. This allows you to enjoy your apartment when you are in
Spain, while the operating company organises rentals during the other
available periods.

The exact arrangements regarding personal use, reservations and
availability must be confirmed in the contractual documentation before
purchase.

Tax considerations when buying and renting out the property

Almaia Living has a specific tourist operating model. As a result, the
tax rules may differ from those applicable to the purchase of an
ordinary private home in Spain. It is important to understand the tax
implications in advance and obtain professional advice.

VAT on purchase

According to the information provided for this project, the purchase is
subject to 21% VAT (IVA), rather than the 10% rate that generally
applies to many standard new-build homes. This is linked to the intended
economic activity and the legal structure of the tourist operation.

The transfer or provision of the apartment to the operating company may
also be subject to VAT. The specific tax treatment must be confirmed by
reference to the purchase deed, operating agreement and the buyer's tax
status.

Can the VAT paid be reclaimed?

Where the purchase forms part of a VAT-taxable economic activity and all
legal requirements are met, the owner may be able to reclaim the VAT on
the purchase.

Requirements may include:

• The owner must be correctly registered as a VAT-taxable business
  with the Spanish tax authorities before the relevant transaction,
  generally using the applicable registration form, such as Modelo
• The owner must file the required VAT returns, including the
  quarterly return using Modelo 303.
• The economic activity and VAT-taxable operation must be properly
  documented.
• The VAT must qualify for deduction under the applicable rules.

Quarterly returns have specific filing deadlines. The usual deadline for
the first three quarters is the 20th of the month following the quarter;
for the fourth quarter, it is generally 30 January. The exact
obligations and possibilities for a refund or offset must be confirmed
by a Spanish tax adviser.

Please note: VAT recovery is not automatically guaranteed. The tax
classification of the activity, contractual arrangements and the buyer's
personal circumstances are decisive.

Income tax on rental proceeds

Taxation of rental income depends on the owner's tax residence and the
legal form in which the apartment is held.

Depending on the circumstances, income may be taxed through:

• IRPF: for Spanish tax residents who are taxed as individuals.
• IRNR: for non-residents receiving income in Spain.
• Corporation tax: where the property is held by a company and the
  applicable rules require this.

For non-residents who are tax residents of an EU Member State, a rate of
19% often applies to the taxable net income from Spanish property. The
precise treatment depends on the nature of the income, deductible
expenses and applicable rules. Different conditions and rates may apply
to certain non-EU residents.

Depending on their circumstances, owners who live outside the EU may be
required to appoint a tax representative in Spain. The specific
obligations should be checked individually.

We recommend consulting a Spanish tax adviser before purchase about VAT,
possible VAT recovery, income tax and annual filing obligations.

Can I resell my apartment later?

Yes. In principle, the apartment can be resold like other property.
However, the project's legal and tax structure must be taken into
account when selling.

The new owner takes over the applicable rights and obligations connected
with the property and the tourist operating model. These may include the
current operating agreement and the building rules.

Before purchasing, have the conditions relating to sale, transfer and
any termination or continuation of the operating agreement checked.

Key features of Almaia Living

• Exclusive new-build development with 24 homes
• Located in Torrevieja, Southern Costa Blanca
• Approximately 300 metres from the sea
• Furnished homes with high-quality appliances
• Apartments, ground-floor homes with private gardens and penthouses
• Choice of 1, 2 or 3 bedrooms and 1 or 2 bathrooms
• Terraces, private gardens and, in certain property types, a solarium
• Air conditioning, electric shutters and modern finishes
• Communal swimming pool, landscaped gardens and fitness room
• Professional tourist operation by one designated management company
• Central organisation of check-in, check-out and guest services
• Access to information about rental periods and availability
• Possibility of personal use for up to four months per year, subject
  to the operating conditions
• Tax considerations concerning VAT and income tax
• Approximately 42 kilometres from the airport

Frequently asked questions about Almaia Living

Is the return on my apartment guaranteed?

No. Returns depend on demand for holiday accommodation, the season,
actual occupancy, rental rates, and the costs and terms of the
operation. Almaia Living was designed to align with the tourist
regulations of the Valencia region. This supports the intended rental
concept, but does not guarantee a particular occupancy rate or income.

Can I use my apartment myself?

Yes. The project concept provides for personal use for up to four months
per year, subject to the rental programme. The precise arrangements for
reservations and availability must be confirmed in the operating
agreement.

Can I rent out my apartment myself through Airbnb or another platform?

According to the project concept, rental management is entrusted to the
designated operating company. Owners therefore do not organise tourist
rentals entirely independently. The operating company may work with
online platforms and other tourist operators to help promote occupancy,
subject to the applicable agreements.

How is the rental rate for my apartment determined?

Rates are set on the basis of market research, taking into account the
apartment category, the services provided and the season.

Can I see when my apartment is rented out?

Yes. According to the project concept, owners can view rental periods at
any time and see when the apartment is occupied or available.

What obligations do I have towards the operating company?

The owner agrees to transfer rental management to the designated
operating company. The specific obligations, costs, payments,
personal-use arrangements and any contract term are set out in the
operating agreement.

Can I resell my apartment?

In principle, yes. The new owner must take account of the applicable
taxes and the rights, obligations and rules attached to the property,
including the current operating agreement. The precise conditions should
be checked in advance.

Why is VAT on the purchase 21%?

According to the project information, the apartment is purchased within
a specific tourist operating model treated as an economic activity. For
this reason, the information states that 21% VAT applies instead of the
rate generally applicable to many standard new-build homes. Always have
the applicable VAT rate confirmed by an independent Spanish tax adviser
before purchase.

Can I reclaim the VAT on my purchase?

Possibly, if the legal requirements for VAT deduction are met. This may
include correct registration as a VAT-taxable business and filing VAT
returns. Recovery is not automatic and depends on the buyer's tax and
contractual circumstances.

What tax will I pay on my rental income?

This depends, among other things, on your tax residence and whether you
own the apartment privately or through a company. IRPF, IRNR or
corporation tax may apply. Have your individual circumstances assessed
by a Spanish tax adviser in advance.

Discover Almaia Living with Lirice Real Estate

Are you looking for an apartment by the sea that you can combine with
professional tourist rentals? Or would you like to invest in property on
the Southern Costa Blanca while also enjoying your own place in Spain?

Almaia Living combines a location close to the beach, modern
facilities and a centrally organised tourist rental concept.

At Lirice Real Estate, we would be happy to help you explore this
project. We can provide information about the available property types,
current prices, layouts and the terms of the rental programme.

Because the project has a specific tax and contractual structure, we
recommend obtaining independent advice before purchase about VAT,
possible tax deductions and the operating agreement.

Contact Lirice Real Estate for more information about Almaia Living
and discover whether this new-build development suits your lifestyle and
investment plans.

Information about the project, licences, rental conditions and tax
treatment must be confirmed before purchase using the official project
documentation and independent legal and tax advice. Rental income and
returns are not guaranteed.