Can foreigners buy property in Torrevieja?

Yes. There are no restrictions on buying property in Spain , whether it's commercial, residential or land. In fact, Spain encourages investment by foreigners, both resident and non-resident. You will require a financial number which can acquire by visiting a police station with your passport.

How do I buy a property in Torrevieja?

The process of buying a property in Spain usually runs as follows. First, the buyer makes an offer, usually through the seller's real estate agent. If this is accepted, then the buyer and seller sign a preliminary contract (contrato privado de compravento) and the buyer pays a deposit, typically 10% of the purchase price. Then the agent helps to organise property check and if there're no burdens or restrictions, a final sales contract is prepared.

Do I need a Spanish bank account to buy a property in Spain?

Yes. You will want a bank account in Spain once you have bought your Spanish property. This will enable you to set up direct debits and standing orders to pay for your utilities and bills .

Can I get a mortgage in Spain?

Yes. Although to get a mortgage in Spain you need NIE (Número de Identificación de Extranjeros). If you're in Spain, you can start the NIE application process at any local police station. Outside of Spain, the best way to apply for an NIE is to contact your local Spanish consulate.

What is a Spanish residence permit?

A long-term residence permit allows you to stay in Spain indefinitely, working or otherwise, under the same conditions as Spanish citizens. You can apply for Spanish nationality after 10 years of residence in Spain.

How do I get a residence permit in Spain?

Dedending on type (for students, for investors, etc.) you can obtain Spanish residence permit at Foreigner’s Office in Spain or at Spanish Consulate in your country of residence.

How long does it take to get residency in Spain?

The terms are based on the type of the residence (for students, for investors, etc.). Some of them can be obtained in less than one month.

Can I get residency in Spain if I buy property?

Yes. If you buy property in Spain you can get a Spanish residency permit, which allows you to live in Europe. The only challenge is the paperwork, and you must invest at least 500,000€.

How can I get permanent residency in Spain?

You can get permanent residency in Spain after 5 years of legal residence.

How long does it take to become a citizen in Spain?

The standard criteria for citizenship in Spain is 10 years of legal residence. There are reduced terms (1, 2 or 5 years) for residency based on naturalization, origin, option, etc.

Why is property so cheap in Torrevieja?

Property prices in Torrevieja are influenced by a combination of historical economic downturns and its status as a seasonal resort. The area experienced a significant drop in property values following the global financial crisis, which were further depressed by its reliance on seasonal tourism, leading to lower year-round demand.

What is the best area in Torrevieja to live?

Playa del Cura: Ideal for those who enjoy living close to the beach and vibrant city life, offering numerous cafes, restaurants, and nightlife options. Los Balcones: Perfect for residents seeking peace and proximity to natural landscapes, featuring quieter residential streets and good access to health services. La Mata: Known for its community feel and one of the longest beaches in the region, suitable for families and anyone looking for a tranquil beachfront lifestyle. La Zenia: A great choice for shoppers and leisure enthusiasts, close to one of the largest shopping malls in Alicante province. Aguas Nuevas: Offers modern amenities and newer housing developments, appealing to those looking for contemporary living spaces.

Is Torrevieja a good investment?

Investing in Torrevieja is promising due to its potential for capital growth fueled by a robust tourism sector and ongoing developments. The city's appeal as a tourist and expat haven enhances its rental market, making it a strategic choice for investors looking for both short-term gains through holiday lettings and long-term property value appreciation.

Where do expats live in Torrevieja?

Expats in Torrevieja gravitate towards areas that offer a blend of lifestyle amenities and community atmosphere. Popular expat neighborhoods include Denia, Calpe, and Guardamar del Segura, known for their vibrant expat communities, scenic views, and access to local amenities, making them highly sought-after residential options.

Is Torrevieja nice to live?

Torrevieja is highly regarded for its pleasant Mediterranean climate, providing approximately 300 sunny days per year. The city offers a diverse range of activities and amenities, from beautiful beaches and parks to cultural sites and vibrant nightlife, making it an attractive place for both short-term stays and long-term residence.

Property for sale in Torrevieja, Spain: 419 offers

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Apartment with a garden at 200 meters from the beach, Torrevieja, Spain for 285,000 €

With balcony/terrace

Apartment with a garden at 200 meters from the beach, Torrevieja, Spain

285,000 €

£244,000

Total area 98 m²2 bedrooms2 bathrooms

Three-bedroom apartment with a garden in a new residence, 200 meters from the beach, Torrevieja, Spain for 395,000 €

With balcony/terrace

Three-bedroom apartment with a garden in a new residence, 200 meters from the beach, Torrevieja, Spain

395,000 €

£338,000

Total area 133 m²3 bedrooms2 bathrooms

Apartment in a new residence, 200 meters from beach, Torrevieja, Spain for 365,000 €

With balcony/terrace

Apartment in a new residence, 200 meters from beach, Torrevieja, Spain

365,000 €

£313,000

Total area 102 m²2 bedrooms2 bathrooms

Penthouse in a new gated residence with a swimming pool, Torrevieja, Spain for 240,000 €

With balcony/terrace

Penthouse in a new gated residence with a swimming pool, Torrevieja, Spain

240,000 €

£206,000

Total area 80 m²2 bedrooms2 bathrooms

Villa – Torrevieja, Valencia, Spain for 650,000 €

With swimming pool

Villa – Torrevieja, Valencia, Spain

650,000 €

£557,000

Total area 153 m²Land area: 540 m²7 bedrooms6 bathrooms

Modern apartment with a large terrace, Torrevieja, Spain for 190,000 €

With balcony/terrace

Modern apartment with a large terrace, Torrevieja, Spain

190,000 €

£163,000

Total area 80 m²2 bedrooms2 bathrooms

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Villa – Torrevieja, Valencia, Spain for 790,000 €

With swimming pool

Villa – Torrevieja, Valencia, Spain

790,000 €

£677,000

Total area 492 m²Land area: 1,200 m²3 bedrooms4 bathrooms

Villa – Torrevieja, Valencia, Spain for 350,000 €

With swimming pool

Villa – Torrevieja, Valencia, Spain

350,000 €

£300,000

Total area 158 m²Land area: 500 m²4 bedrooms2 bathrooms

Apartment in a gated residence with a swimming pool and gardens, Torrevieja, Spain for 203,000 €

With balcony/terrace

Apartment in a gated residence with a swimming pool and gardens, Torrevieja, Spain

203,000 €

£174,000

Total area 78 m²2 bedrooms2 bathrooms

Exclusive three-storey villa with a swimming pool, a tennis court and sea views, Torrevieja, Spain for 1,495,000 €

With swimming pool

Exclusive three-storey villa with a swimming pool, a tennis court and sea views, Torrevieja, Spain

1,495,000 €

£1,280,000

Total area 407 m²Land area: 1,012 m²4 bedrooms3 bathrooms

Apartment with a basement in a new residence with a swimming pool, Torrevieja, Spain for 220,000 €

With balcony/terrace

Apartment with a basement in a new residence with a swimming pool, Torrevieja, Spain

220,000 €

£188,000

Total area 78 m²2 bedrooms2 bathrooms

Duplex apartments in a new residence with swimming pools, Torrevieja, Spain for 277,000 €

With balcony/terrace

Duplex apartments in a new residence with swimming pools, Torrevieja, Spain

277,000 €

£237,000

Total area 75 m²2 bedrooms2 bathrooms

Sea view apartment in a new residence with a swimming pool and gardens, Punta Prima, Spain for 310,000 €

With balcony/terrace

Sea view apartment in a new residence with a swimming pool and gardens, Punta Prima, Spain

310,000 €

£265,000

Total area 72 m²2 bedrooms2 bathrooms

Apartment with a private garden in a new residence with a swimming pool and an underground garage, Punta Prima, Spain for 295,000 €

With balcony/terrace

Apartment with a private garden in a new residence with a swimming pool and an underground garage, Punta Prima, Spain

295,000 €

£253,000

Total area 84 m²3 bedrooms2 bathrooms

Apartment – Torrevieja, Valencia, Spain for 280,000 €

With balcony/terrace

Apartment – Torrevieja, Valencia, Spain

280,000 €

£239,000

Total area 110 m²3 bedrooms2 bathrooms

Apartment – Torrevieja, Valencia, Spain for 279,000 €

With balcony/terrace

Apartment – Torrevieja, Valencia, Spain

279,000 €

£239,000

Total area 100 m²3 bedrooms2 bathrooms

Villa – Torrevieja, Valencia, Spain for 709,000 €

With swimming pool

Villa – Torrevieja, Valencia, Spain

709,000 €

£607,000

Total area 250 m²Land area: 600 m²3 bedrooms4 bathrooms

Apartment – Torrevieja, Valencia, Spain for 479,000 €

With balcony/terrace

Apartment – Torrevieja, Valencia, Spain

479,000 €

£410,000

Total area 168 m²3 bedrooms2 bathrooms

1 week ago

Villa – Torrevieja, Valencia, Spain for 365,000 €

With swimming pool

Villa – Torrevieja, Valencia, Spain

365,000 €

£313,000

Total area 118 m²Land area: 191 m²5 bedrooms3 bathrooms

With swimming pool

Villa – Torrevieja, Valencia, Spain

350,000 €

£300,000

Total area 122 m²Land area: 703 m²5 bedrooms2 bathrooms

With balcony/terrace

Apartment – Torrevieja, Valencia, Spain

280,000 €

£239,000

Total area 110 m²3 bedrooms2 bathrooms

Detached house – Torrevieja, Valencia, Spain for 1,590,000 €

With swimming pool

Detached house – Torrevieja, Valencia, Spain

1,590,000 €

£1,362,000

Total area 850 m²Land area: 850 m²5 bedrooms6 bathrooms

Modern villas with swimming pools in a new residence, Punta Prima, Spain for 575,000 €

With swimming pool

Modern villas with swimming pools in a new residence, Punta Prima, Spain

575,000 €

£492,000

Total area 150 m²Land area: 176 m²4 bedrooms3 bathrooms

Modern apartments in a residence with a swimming pool, 130 meters from the beach, Torrevieja, Spain for 299,000 €

With balcony/terrace

Modern apartments in a residence with a swimming pool, 130 meters from the beach, Torrevieja, Spain

299,000 €

£256,000

Total area 82 m²2 bedrooms2 bathrooms

Sea view penthouse with a solarium at 400 meters from the beach, Torrevieja, Spain for 460,000 €

With balcony/terrace

Sea view penthouse with a solarium at 400 meters from the beach, Torrevieja, Spain

460,000 €

£394,000

Total area 81 m²3 bedrooms2 bathrooms

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