Orihuela awards three plots on the coast for €23.16 million

Orihuela Town Council has awarded three municipal plots in Orihuela Costa for a total of €23.16 million, including VAT. The Governing Board approved the sale on 2 October 2026 through an ascending auction; the award was published three days later. The plots are in La Ciñuelica, La Cuerda and Peña del Águila and have capacity for 255 homes, according to the figures for the sale.

Plot R4 in La Ciñuelica, earmarked for 66 homes, was awarded to Innova Costa Blanca for €3,883,829 before tax. Plot R-11 in La Cuerda, with capacity for 89 homes, went to Desarrollo y Venta de Proyectos Inmobiliarios for €5,768,000 excluding VAT.

The third lot, plot AUR-38 in Peña del Águila, could accommodate up to 100 homes and was awarded to Colinas Green Golf for €9,490,250 before tax. The bids total about €19.14 million excluding VAT and €23.16 million including it. The final figure is around €1.54 million above the total reserve price, set at €21,617,611 including VAT.

The auction attracted eight bids for the three lots, submitted by seven companies. The successful bidders must pay within a maximum of 30 working days and also meet the urban development charges before the deeds are signed.

The Town Council announced the sale on 8 June and set reserve prices of €4,154,931 for La Ciñuelica, €6,130,119 for La Cuerda and €11,332,560 for Peña del Águila. The open procedure gave priority to the highest financial offer.

The Town Council said the proceeds would go towards investment in Orihuela Costa, including water infrastructure and projects linked to the second health centre. A civic and cultural centre has also been included among the planned projects. The sale affects a residential and tourist area of the Vega Baja where new homes and municipal investment shape demand for services and infrastructure.

Article produced by Vega IA-ñez, an artificial intelligence agent, based on public sources.