New Construction in Los Montesinos: Modern Living Between the Village, Nature, and the Coast
New Construction in Los Montesinos: Modern Living Between the Village, Nature, and the Coast
Are you interested in buying a new home in Los Montesinos? If so, you’re looking at a small Spanish municipality in the Vega Baja region, right next to the salt lakes of La Mata and Torrevieja and a short distance from well-known residential areas such as Ciudad Quesada, Torrevieja, and San Miguel de Salinas.
Los Montesinos does not have its own coastline, but it is conveniently located between several beaches, golf courses, and larger towns. At the same time, the village has a distinct local Spanish character and is much more compact than the large international developments in the area.
Depending on current availability, you can find the following items here, among others:
- newly built villas;
- townhouses;
- bungalows;
- apartments;
- single-story homes;
- upstairs apartments with a sunroom;
- homes with private pools;
- and apartment complexes with a shared swimming pool.
Be sure to check out our page on Los Montesinos, our new-construction homes, and our current new-construction projects.
Where is Los Montesinos located?
Los Montesinos is located in the Vega Baja del Segura, in the southern part of the province of Alicante.
The municipality is located between, among others:
- Torrevieja
- San Miguel de Salinas;
- Rojales;
- Ciudad Quesada;
- Algorfa
- and Orihuela.
On the east side lie the protected salt lakes of La Mata and Torrevieja.
That makes Los Montesinos an attractive option for homebuyers who want to live close to the coast but not right in the middle of a coastal city.
Los Montesinos doesn't have a beach
It's important to make this clear.
Los Montesinos is located inland.
For example, to get to the beach, drive toward:
- La Mata;
- Torrevieja
- Guardamar del Segura;
- or Orihuela Costa.
So if you want to walk from home to the beach every morning, you're better off looking for a place right on the coast.
Those who value a modern home, more peace and quiet, and a compact village may find Los Montesinos appealing.
Why buy a new home in Los Montesinos?
Los Montesinos offers a lifestyle that combines the best of both the coast and the inland areas.
You live in:
- not in the center of Torrevieja;
- not at a large international villa resort;
- but also not far from the well-known coastal areas.
This might be appealing if you're looking for:
- modern home;
- Spanish village life;
- a relatively quiet residential area;
- private outdoor space;
- swimming pool;
- parking space;
- and several coastal towns within easy reach.
Small village, manageable size
One key difference compared to Ciudad Quesada or Torrevieja is the scale.
Los Montesinos is compact.
This means that the village feels much more organized and that you can more easily distinguish between:
- center;
- outskirts of the built-up area;
- newer residential areas;
- and the surrounding landscape.
For permanent residents, that scale can be pleasant.
Downtown Los Montesinos
In the city center, you'll find, among other things:
- local stores;
- hospitality industry;
- supermarket;
- municipal facilities;
- school facilities;
- sport;
- squares;
- and local daily life.
As a result, anyone looking for a newly built home close to the village can do more on foot than they could from a residential development located farther away.
New construction on the outskirts of the village
New projects are often not located in the heart of the old village center, but on the outskirts of existing neighborhoods or in new residential areas.
This can offer benefits such as:
- wider streets;
- modern infrastructure;
- private parking space;
- swimming pool;
- larger patios;
- and a more open location.
On the other hand, you may live a little farther from everyday amenities.
Newly Built Villa in Los Montesinos
Detached modern villas are a common type of home in and around Los Montesinos.
Depending on the current listings, you can find villas with, for example:
- three bedrooms;
- two or more bathrooms;
- open kitchen;
- own lot;
- parking space;
- private pool;
- patio;
- solarium;
- and modern architecture.
But always check exactly what is included.
Villa with a private pool
For newly built villas, a private pool can be a major selling point.
It's possible:
- are included as standard;
- are optional;
- can be made larger for an additional charge;
- or apply only to certain types of homes.
Therefore, always ask for:
- dimensions;
- depth;
- lighting;
- pump;
- stairs;
- shower;
- and finishing all around.
A rendering showing a pool is no guarantee
Sales photos almost always feature a fully furnished outdoor space.
You will then see, for example:
- swimming pool;
- lounge;
- garden;
- plants;
- lighting;
- pergola;
- outdoor kitchen;
- and furniture.
That doesn't automatically mean that everything is included in the purchase price.
Check the specifications.
New Townhouse Construction
Townhouses can be an interesting alternative to a single-family home.
You may receive:
- multiple bedrooms;
- multiple floors;
- private patio;
- parking space;
- solarium;
- and a private or communal swimming pool.
This may be appealing to families.
Please note the staircase layout
A townhouse can have a lot of living space, but it's spread out over several floors.
Check:
- ground-floor bedroom;
- downstairs bathroom;
- stairs to the bedrooms;
- stairs to the solarium;
- and daily walking routes.
When it comes to future-oriented living, this may be more important than an extra patio.
Newly Built Bungalow in Los Montesinos
Bungalows may also be included.
As is often the case in Spain, this usually means:
- ground-floor apartment with a garden;
- or an upstairs apartment with a private sunroom.
This type of home may be appealing to buyers who want more outdoor space than an apartment offers but don't need a large villa.
Ground-floor apartment with a garden
A ground-floor bungalow may be a good choice if you:
- want to live on the ground floor;
- considers the garden important;
- has pets;
- or if you want to go outside directly from the living room.
Be sure to check the legal documentation to see how the garden is defined.
Top-floor apartment with a sunroom
An upstairs apartment often offers:
- extra privacy;
- large rooftop terrace;
- a better view;
- and plenty of outdoor space.
There are stairs across from them.
For retirees or those buying with the future in mind, this is an important consideration.
New-construction apartment in Los Montesinos
Depending on current availability, apartments may also be an option.
An apartment might be a good option if you:
- want low maintenance;
- want a single-story home;
- doesn't need a large plot of land;
- and enjoys using shared facilities.
For a project, check the following:
- lift;
- parking space;
- salvage;
- swimming pool;
- community;
- patio;
- and its location relative to downtown.
Communal swimming pool
Many modern apartment and bungalow complexes have a communal swimming pool.
This may be appealing to:
- second-homeowners;
- families;
- retirees;
- and people who don't want to maintain a private pool.
But shared facilities come with community fees.
Community
Before purchasing, ask for an estimate of the community fees.
Among other things, they can be used for:
- swimming pool;
- garden;
- lighting;
- cleaning;
- lift;
- garage;
- insurance;
- and reserve fund.
A complex with many amenities may have higher fixed costs.
More amenities aren't necessarily better
A project featuring:
- large swimming pool;
- fitness;
- fell;
- play areas;
- sauna
- coworking;
- or spacious gardens
may seem appealing.
But ask yourself what you actually use.
For permanent residence, a simpler complex with lower monthly expenses may be more practical.
New construction or existing property?
Los Montesinos also has an established housing market.
That's why it's wise not to limit your search to new construction.
Existing homes can offer benefits such as:
- prime location;
- larger lot;
- mature garden;
- immediate availability;
- and sometimes more living space.
Advantages of New Construction
New construction can actually be attractive because of:
- modern layout;
- recent installations;
- current energy requirements;
- less immediate renovation work;
- modern bathrooms;
- and a contemporary outdoor space.
Neither one is automatically better.
Location is more important than the year of construction
An older home closer to the city center may be more practical than a brand-new home further outside the city center.
Therefore, always evaluate:
- supermarket;
- hospitality industry;
- school;
- parking space;
- beach route;
- work;
- and daily car trips.
What is included in new construction?
Always check the specifications.
Don't automatically assume that:
- kitchen appliances;
- air conditioning;
- solar panels;
- swimming pool;
- furniture;
- lighting;
- parking space;
- salvage;
- garden;
- pergola;
- shower in the tanning salon;
- or outdoor kitchen.
The brochure is for marketing purposes; the technical description specifies what is being delivered.
Kitchen
Check individually to see if the following are included:
- refrigerator;
- freezer;
- oven;
- stove top;
- range hood;
- dishwasher;
- microwave;
- and a washing machine.
A pre-assembled kitchen does not automatically include a full set of appliances.
Air Conditioning
Air conditioning can also mean different things.
Consider:
- complete duct installation;
- machines included;
- pre-installation only;
- individual units;
- or preparation.
Please have this confirmed in writing.
Solar Panels
In modern projects, solar panels can be an integral part of the design.
Check:
- individual or collective;
- number of panels;
- capacity;
- application;
- and whether they are included in the base price.
“Prepared for solar panels” is not the same as “panels included.”
Hot Water System
When building a new home, also ask which system is used for hot water.
Check:
- type of installation;
- capacity;
- energy consumption;
- location of equipment;
- and maintenance.
Electric car
Do you have an electric car?
If so, check the following:
- private parking space;
- preparation for a charging station;
- connection;
- community rules;
- and any installation costs.
Parking Lot
A parking space can be included in new construction:
- are included;
- sold separately;
- are required;
- or are specific to certain types.
Also, check whether it involves:
- parking space;
- private driveway;
- carport;
- or an open parking lot.
Salvage
A storage room is especially useful for:
- cycling;
- suitcases;
- golf gear;
- tools;
- gardening supplies;
- and seasonal items.
Always ask if it's included.
Buying Off-Plan
Are you buying before the home is built?
In that case, you’ll make your purchase based on, among other things:
- floor plan;
- renders;
- site plan;
- technical description;
- construction schedule;
- and contract.
That requires more oversight than with an existing home.
Payment Schedule
Off-plan new construction is often paid for in installments.
For example:
- reservation;
- amount specified in the purchase agreement;
- deadlines during construction;
- remaining amount at the notary's office.
The exact schedule varies by project.
Protection of Advance Payments
Have it reviewed by an independent legal professional:
- who the seller is;
- which party owns the land;
- permits;
- the account from which you make the payment;
- protection of advance payments;
- and contract terms.
Do not make large payments based solely on sales instructions.
Completion Date
The specified completion date is an estimated schedule.
Delays may be caused by:
- permits;
- utility services;
- construction process;
- delivery of materials;
- or administrative procedures.
Therefore, be sure to allow for sufficient leeway in your schedule.
Moving into a newly built home
Would you like to move in permanently right after the property is handed over?
In that case, that margin is especially important.
Consider:
- temporary lease;
- storage;
- moving date;
- school;
- selling your current home;
- and financing.
Be sure to also read our information about moving to Spain.
Turnkey new construction
Some new homes have already been built or are nearly complete.
This is usually referred to as key ready.
The advantage is that you can actually assess:
- light entering the room;
- view;
- privacy;
- patio;
- lot;
- street;
- neighbors;
- and location.
"Key ready" does not mean furnished
A move-in-ready home does not have to be sold with furniture included.
Therefore, check the following separately:
- furniture set;
- lighting;
- curtains;
- beds;
- garden furniture;
- and decoration.
Final Inspection
For a newly built home, it is a good idea to conduct a systematic final inspection.
For example, check:
- the frame;
- doors;
- floors;
- tile work;
- plumbing;
- kitchen;
- outlets;
- air conditioning;
- hot water;
- painting;
- and a patio.
When looking at a villa, you should also consider:
- swimming pool;
- gate;
- the garden wall;
- outdoor faucets;
- lighting;
- for drainage.
Snagging
Minor defects found upon completion are often referred to as snagging.
Consider:
- crash;
- damaged tile;
- door that doesn't close properly;
- leaking faucet;
- filler work
- painting error;
- or a malfunctioning roller shutter.
Clearly document this.
Los Montesinos and the salt lakes
One of the most striking features of the area is its location near the Lagunas de La Mata y Torrevieja.
This protected nature reserve is an important part of the landscape surrounding Los Montesinos.
For people looking for a place to live, this mainly means:
- unobstructed views in certain directions;
- nature nearby;
- bird areas;
- hiking and biking trails;
- and a less urban feel in certain outlying areas.
Do not swim in the salt lakes
The salt lakes are protected nature reserves.
They should not be viewed as ordinary recreational lakes where you can swim freely.
To go swimming, head to the ocean or a swimming pool.
View of the lagoons
Some homes located on higher ground or in more open areas may have a view of the salt lakes.
In that case, always check:
- from which room;
- actual view;
- future development;
- distance;
- and orientation.
A sales brochure that mentions a “lagoon view” doesn’t necessarily tell you how expansive the view actually is.
Open land may change in the future
An empty lot next to a new construction project does not automatically remain empty.
Therefore, check the zoning designation of the surrounding land.
For example, ask:
- Can it be built here?
- How high?
- Which roads are planned?
- Will there be any facilities?
- Will the view remain unobstructed?
This is especially important for new construction.
Los Montesinos and Agriculture
The surrounding area also has a distinctly agricultural character.
Among other things, you'll see:
- citrus;
- agricultural plots;
- irrigation structures;
- open countryside;
- and local farm roads.
That gives the village a completely different feel than a densely built-up coastal town.
Noise and Agriculture
Anyone buying a home on the outskirts of the village shouldn't just enjoy “peace and quiet and the view.”
Agriculture can also mean:
- tractors;
- early work;
- irrigation;
- fabric;
- seasonal work;
- and agricultural vehicles.
That's part of its rural character.
Living in Los Montesinos on a permanent basis
Would you like to move to Spain permanently?
In that case, Los Montesinos might be of interest if you're looking for:
- small Spanish village;
- modern home;
- a relatively quiet area;
- coast within reach;
- and no desire to live right in the center of Torrevieja.
When considering a permanent place to live, you should focus primarily on the day-to-day logistics.
Facilities
Check from a specific project:
- supermarket;
- pharmacy;
- school;
- hospitality industry;
- sport;
- town hall;
- and other amenities.
A home marked on the map as “near Los Montesinos” might actually be farther from the city center than expected.
Living without a car?
In or near the city center, you can run various daily errands on foot.
For:
- the beach;
- larger shopping centers;
- hospital;
- surrounding municipalities;
- airport;
- and golf courses
However, a car is very practical.
New Construction for Families
For families, a modern project can be appealing because of:
- multiple bedrooms;
- swimming pool;
- outdoor space;
- parking space;
- recent installations;
- and very little immediate renovation work.
But also check:
- route to school;
- sport;
- leeway;
- roads;
- and daily activities.
Education
Anyone moving to Spain with children would be wise to look into educational options before making a final decision on where to live.
Be sure to also read our general information about education in Spain.
New Construction for Retirees
For people who want to spend their retirement in Spain, Los Montesinos may be an attractive option due to its compact size and the relatively flat landscape in many areas.
Please note in particular:
- one story;
- lift;
- thresholds;
- walking distance;
- supermarket;
- medical facilities;
- parking space;
- and winter sun.
Health Care
Los Montesinos is part of the broader healthcare network in the Vega Baja region.
How you can access the public Spanish healthcare system depends on your personal situation and coverage.
Learn more about health care in Spain and our information on hospitals and clinics on the Costa Blanca.
New Construction as a Second Home
Los Montesinos might also be an attractive option as a second home if you:
- want to live in a modern home;
- considers a swimming pool important;
- thinks driving along the coast is fine;
- want to live in a quieter place than Torrevieja;
- and want to be close to a Spanish-speaking community.
A bungalow or apartment with a community association can be practical if you'll be away for an extended period of time.
Villa as a second home
A detached villa offers more privacy, but also requires more maintenance.
Consider:
- swimming pool;
- garden;
- security;
- ventilation;
- after
- inspection after severe weather;
- and technical maintenance.
New Construction as an Investment
Would you like to invest in Spanish real estate?
Evaluate each project individually.
Check out:
- purchase price;
- exact location;
- target audience;
- bedrooms;
- outdoor space;
- swimming pool;
- parking space;
- community;
- maintenance;
- rental rules;
- and future marketability.
New construction does not guarantee a return on investment.
Vacation Rentals
Are you interested in renting out your property for short-term tourist stays?
Please check this before purchasing.
That may depend on:
- regulations of the Valencian Community;
- Municipality of Los Montesinos;
- urban planning context;
- any community;
- and registration requirements.
So a modern villa with a pool isn't automatically suitable for tourist rentals.
Long-Term Rentals
For long-term tenants, other features are important.
Consider:
- stores;
- school;
- work;
- internet;
- parking space;
- bedrooms;
- and year-round amenities.
As a result, a home near the city center may have a very different rental profile than a villa on the outskirts.
The Montesinos of Ciudad Quesada?
Ciudad Quesada is nearby and has a much more international residential population.
Ciudad Quesada
Offers more:
- villas;
- international hospitality industry;
- stores;
- La Marquesa Golf;
- and sprawling residential areas.
The Montesinos
Offers more:
- compact Spanish core;
- smaller scale;
- agricultural environment;
- and less of a "resort" vibe.
The Montesinos of Torrevieja?
Torrevieja is a large coastal city.
There you will find:
- beach;
- boulevard;
- hospital;
- large stores;
- apartments;
- and many international amenities.
Los Montesinos is:
- smaller;
- domestic;
- calmer;
- and more of a village than a city.
The Montesinos of San Miguel de Salinas?
San Miguel de Salinas is located further south and at a higher elevation.
San Miguel
Offers:
- more elevation changes;
- view;
- location near Orihuela Costa;
- and its own Spanish language center.
The Montesinos
Offers:
- flatter profile;
- closer to Torrevieja and Quesada;
- salt lakes in the immediate vicinity;
- and a compact village layout.
Los Montesinos or Benijófar?
Benijófar is closer to Rojales and Ciudad Quesada.
Benijófar is very compact and has many modern villa developments.
Los Montesinos has more to offer:
- open agricultural landscape;
- proximity to the lagoons;
- and its location near Torrevieja.
The Montesinos of Algorfa?
Algorfa has a distinct golfing identity thanks to La Finca Golf.
Algorfa is a better fit if you:
- golf;
- resort setting;
- and modern villas
considers important.
Los Montesinos is a better fit if you:
- a small Spanish village;
- Torrevieja within reach;
- and want to be able to access multiple golf courses without living right at a golf resort.
The Montesinos of Guardamar?
Guardamar del Segura is located right on the coast.
Guardamar offers:
- beach;
- dunes;
- pine grove;
- its own coastal center;
- and many apartments.
Los Montesinos offers:
- living inland;
- newly built villas and bungalows;
- a quieter environment;
- and fewer crowds on the coast.
The Montesinos in Orihuela Costa?
Orihuela Costa is much more focused on:
- where;
- international residential areas;
- golf;
- shopping centers;
- apartments;
- and vacation facilities.
Los Montesinos is more traditional and much smaller.
The Montesinos family from Pilar de la Horadada?
Pilar de la Horadada offers both a village and a beach within the same municipality.
Los Montesinos does not have its own coastline.
On the other hand, it is more centrally located relative to:
- Torrevieja
- Ciudad Quesada;
- Guardamar;
- and various golfing destinations.
Golf Near Los Montesinos
Los Montesinos may be of interest to golfers because several courses in the wider area are within easy reach.
You are not limited to just one golf resort.
That might appeal to buyers who enjoy playing different courses.
Vistabella Golf
Vistabella Golf is located in the wider area toward Orihuela.
Keep in mind an important geographical difference:
Vistabella Golf is not the same as Vistabella in Jacarilla.
Real estate listings sometimes use place names in a way that can be confusing.
Therefore, always check the exact address and municipality.
La Marquesa Golf
La Marquesa Golf, near Ciudad Quesada, is also within easy reach.
If you want a golf course literally in your backyard, you're better off looking for a place right next to one.
If you want to be able to switch between multiple jobs, you might want to consider Los Montesinos as a central base.
Choosing a Beach
From Los Montesinos, you're not limited to just one beach.
You can choose from various coastal areas, such as:
- La Mata;
- Torrevieja
- Guardamar;
- Orihuela Costa.
That can be nice for residents who like to mix things up.
Being close to the sea isn't the same as living on the coast
This is an important factor for both SEO and sales.
A newly built home in Los Montesinos may be located relatively close to several beaches, but day-to-day life there still feels like that of an inland municipality.
You don't automatically see the ocean from your street, and you can't just walk to the beach in your swimsuit.
How much does a new home cost in Los Montesinos?
Mentioning a specific amount is of little value.
The price depends heavily on:
- apartment;
- bungalow;
- townhouse;
- village;
- lot;
- swimming pool;
- number of bedrooms;
- construction phase;
- location;
- and included options.
So be sure to check out our current new-construction homes.
Please note the starting price
A developer can advertise with an attractive starting price.
This applies only to:
- one home;
- smallest model;
- a specific orientation;
- specific construction phase;
- or a home without any additional features.
Always ask for the price of the specific unit.
Compare the total price
Please bring:
- housing price;
- swimming pool;
- parking space;
- salvage;
- air conditioning;
- equipment;
- additional options;
- furniture;
- community;
- and purchase costs.
Only then can you fairly compare different projects.
Purchase Costs for New Construction
When buying a house in Spain, there are additional costs on top of the purchase price.
New construction and existing buildings are treated differently for tax purposes.
In addition, costs may be a factor for:
- notary;
- property registry;
- legal assistance;
- funding;
- and other individual items.
For a specific project, have a personalized, comprehensive estimate prepared in advance.
Mortgage for a New Home
Dutch and Belgian buyers can apply for a Spanish mortgage under certain conditions.
The possibilities depend, among other things, on:
- income;
- financial obligations;
- age;
- taxation;
- home value;
- and immigration status.
Learn more about a mortgage in Spain.
Mortgage and Construction Payments
When purchasing a new home off-plan, keep in mind that payments during construction are often made before the final mortgage is approved.
Therefore, make sure you can afford the payment schedule in advance.
NIE number
To buy real estate in Spain, you need an NIE number.
An NIE is not the same thing as a residencia.
Learn more about NIE and residency in Spain.
Legal Guidance for New Construction
An independent legal advisor can, among other things, review:
- salesperson;
- real estate developer;
- ownership of the land;
- permits;
- contract;
- payment schedule;
- protection of advance payments;
- and legal finalization upon delivery.
The role of a legal advisor is different from that of a real estate agent.
Dutch real estate agent specializing in new construction in Los Montesinos
Are you looking for a Dutch real estate agent specializing in new construction in Los Montesinos?
Casas Palmeras is located in nearby Rojales and assists Dutch and Belgian homebuyers in Los Montesinos, Ciudad Quesada, Torrevieja, and the broader Southern Costa Blanca region.
We can help you with:
- compare projects;
- assess the location;
- Compare villas, bungalows, and apartments;
- Compare new construction and existing homes;
- View floor plans;
- determine the total budget;
- viewings;
- purchase costs;
- funding;
- and coordination with legal counsel.
Learn more about Casas Palmeras, a Dutch real estate agency on the Costa Blanca and about our approach.
First, decide what type of new home you're looking for
Would you like to:
- wool?
- bungalow?
- apartment?
- townhouse?
- Private pool?
- Communal pool?
- Ground floor?
- garden?
- tanning salon?
- Amenities within walking distance?
- Permanent residence?
- Second home?
- or investment?
This significantly reduces the number of relevant projects.
Four new construction projects in Los Montesinos
1. Newly Built Villa
For those looking for:
- own lot;
- private pool;
- privacy;
- and modern architecture.
2. Ground-floor bungalow
For those looking for:
- garden;
- single-story living;
- separate entrance;
- and a shared swimming pool.
3. Upper Bungalow
For those looking for:
- private tanning salon;
- a better view;
- additional outdoor space;
- and doesn't mind climbing stairs.
4. Apartment or townhouse
For those looking for:
- less maintenance;
- parking space;
- swimming pool;
- and a more modest overall budget than that of many detached villas.
Who is new construction in Los Montesinos best suited for?
Los Montesinos may be of particular interest if you:
- is looking for a modern home;
- enjoys a small Spanish town;
- doesn't have to live right by the sea;
- want to keep Torrevieja, Guardamar, and Ciudad Quesada within easy reach;
- to be able to compare villas, bungalows, and apartments;
- and prefers a quieter place to live rather than a large coastal town.
If you want the boardwalk and the beach literally right outside your door, you're better off looking for a place right on the coast.
View new construction in Los Montesinos
Would you like to know what new construction properties are currently available in Los Montesinos and the surrounding area?
Then take a look at our newly built homes, the current new construction projects, and our complete listing of homes.
Would you like us to conduct a targeted search for, for example:
- newly built villa in Los Montesinos;
- villa with a private pool;
- bungalow with a garden;
- upstairs apartment with a sunroom;
- apartment;
- townhouse;
- single-story home;
- permanent residence;
- second home;
- or a home within a certain total budget?
Please fill out the questionnaire for your housing search or contact Casas Palmeras with no obligation.
New construction in Los Montesinos is particularly appealing to homebuyers who want to combine a modern home with the charm of a small Spanish village. The municipality is located inland near the salt lakes of La Mata and Torrevieja, making it a different housing option than living directly on the coast. However, the exact project location remains the deciding factor: living close to the center is quite different from owning a villa on the outskirts with unobstructed views. Therefore, in addition to price and floor plans, be sure to consider amenities, reliance on a car, the “memoria de calidades,” community fees, future development plans, the total cost, and what is actually included in the purchase price.