Buy an apartment in Lo Pagán

Buy an apartment in Lo Pagán

Buying an apartment in Lo Pagán offers you the chance to enjoy the Mediterranean lifestyle on the Costa Cálida. This charming coastal town, located in the Murcia region, is known for its beautiful beaches, mild climate, and therapeutic mud baths. In this blog post, we'll guide you through the most important considerations and steps when buying an apartment in Lo Pagán. Also check out our other areas: Costa Blanca , Costa Blanca South , and Costa del Sol .

The allure of Lo Pagán

Lo Pagán is a popular destination for both tourists and those looking for a second home or permanent residence. Situated on the Mar Menor, Europe's largest saltwater lagoon, the town offers calm, shallow waters ideal for families and water sports enthusiasts. The beachfront promenade is lined with restaurants, cafes, and shops, ensuring there's always something to do.

The climate in Lo Pagán is one of the region's greatest assets. With over 300 sunny days a year and mild winters, you can enjoy a pleasant environment year-round. Moreover, the town is known for its mud baths, which are said to have therapeutic properties and attract visitors from far and wide.

The real estate market in Lo Pagán

The property market in Lo Pagán is diverse, offering options for all budgets and preferences. Whether you're looking for a modern apartment overlooking the Mar Menor or a traditional Spanish property in the town center, there's something for everyone.

According to recent data, apartment prices in this region vary. The average price for a one-bedroom apartment is around €88,130, while two-bedroom apartments average €239,500. Naturally, there are some outliers, depending on factors such as location, size, and amenities.

New construction projects are plentiful, offering modern amenities such as communal swimming pools, gardens, and parking. These projects are attractive to both investors and private buyers looking for a second home. Existing properties are also available, often with a more traditional feel and located in established neighborhoods.

Legal and financial considerations

Buying property in Spain requires careful consideration of specific legal and financial aspects. It's advisable to engage a local lawyer specializing in Spanish property law. They can assist you with checking property rights, drafting contracts, and handling the necessary documentation.

Important documents in this process include the "Nota Simple," an extract from the property register that provides information about the property's legal status. You also need to consider taxes and fees such as transfer tax, notary fees, and registration fees, which together can amount to approximately 10-15% of the purchase price.

Regarding financing, Spanish banks offer mortgages to both residents and non-residents. Generally, banks finance up to 70% of the purchase price for non-residents. It's wise to compare different providers to find the best terms and get a clear picture of the monthly costs and interest rates.

Lifestyle and amenities

Living in Lo Pagán offers a relaxed lifestyle with access to numerous amenities. The beachfront promenade is ideal for strolling and offers a selection of restaurants and cafés where you can enjoy the local cuisine. Fresh seafood, traditional tapas, and regional wines are just some of the culinary delights you can discover here.

For daily necessities, there are supermarkets, shops, and a weekly market where you can buy fresh produce. Medical facilities, schools, and sports facilities are also available, making life comfortable for both families and retirees.

Sports enthusiasts can enjoy a variety of activities such as sailing, windsurfing, and other water sports on the Mar Menor. Furthermore, prestigious golf courses, such as La Manga Club, are located nearby and attract golfers of all levels.

The other offer on the Costa Calida

We have a large network and a great selection of both existing and new homes available. Check out our other popular regions and contact us with any questions.

Houses

Costa Calida | Costa Calida | Aguilas

LaManga | Los Alcazares | Mazarron

Lo Pagan | Murcia

Apartments

Apartment Murcia

Villas

Los Alcazares | antiago de la Ribera | Lo Pagan

Pilar de Mar de Cristal