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  • Torrevieja, Valencia, Spain
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With balcony/terrace

With balcony/terrace

365,000 €
£312,000
Total area 102 m²2 bedrooms2 bathrooms
New modern apartments near the sea in Alicante

Golden Visa

454,000 €
Swimming pool Large terraces Playground Near the beach

With balcony/terrace

285,000 €
£244,000
Total area 98 m²2 bedrooms2 bathrooms

With balcony/terrace

240,000 €
£205,000
Total area 80 m²2 bedrooms2 bathrooms

With balcony/terrace

190,000 €
£162,000
Total area 80 m²2 bedrooms2 bathrooms

With swimming pool

350,000 €
£299,000
Total area 158 m²Land area: 500 m²4 bedrooms2 bathrooms
Discounted properties upon request

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Ksenia Kolesnikova
Ksenia Kolesnikova,
Client manager
  • We find off-market properties We find off-market properties
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With swimming pool

790,000 €
£675,000
Total area 492 m²Land area: 1,200 m²3 bedrooms4 bathrooms

With swimming pool

650,000 €
£556,000
Total area 153 m²Land area: 540 m²7 bedrooms6 bathrooms

With balcony/terrace

203,000 €
£174,000
Total area 78 m²2 bedrooms2 bathrooms

With swimming pool

1,495,000 €
£1,278,000
Total area 407 m²Land area: 1,012 m²4 bedrooms3 bathrooms

With balcony/terrace

277,000 €
£237,000
Total area 75 m²2 bedrooms2 bathrooms

With balcony/terrace

310,000 €
£265,000
Total area 72 m²2 bedrooms2 bathrooms

With balcony/terrace

With balcony/terrace

220,000 €
£188,000
Total area 78 m²2 bedrooms2 bathrooms

With balcony/terrace

280,000 €
£239,000
Total area 110 m²3 bedrooms2 bathrooms

With swimming pool

709,000 €
£606,000
Total area 250 m²Land area: 600 m²3 bedrooms4 bathrooms

With balcony/terrace

279,000 €
£239,000
Total area 100 m²3 bedrooms2 bathrooms

With swimming pool

365,000 €
£312,000
Total area 118 m²Land area: 191 m²5 bedrooms3 bathrooms

With balcony/terrace

280,000 €
£239,000
Total area 110 m²3 bedrooms2 bathrooms

With swimming pool

1,590,000 €
£1,359,000
Total area 850 m²Land area: 850 m²5 bedrooms6 bathrooms

With swimming pool

350,000 €
£299,000
Total area 122 m²Land area: 703 m²5 bedrooms2 bathrooms

With swimming pool

575,000 €
£492,000
Total area 150 m²Land area: 176 m²4 bedrooms3 bathrooms

With balcony/terrace

With balcony/terrace

465,000 €
£398,000
Total area 121 m²3 bedrooms2 bathrooms

With balcony/terrace

305,000 €
£261,000
Total area 101 m²3 bedrooms2 bathrooms
1-25 of 415 listings, page 1 of 17

Torrevieja attracts thousands of people from different countries. Many choose this place for permanent residence. This is a city with gorgeous sandy beaches and relatively inexpensive real estate.

The cost of real estate in Torrevieja

There is a wide range of real estate in Torrevieja, mainly studios, flats and apartments. They are in the greatest demand, they are often bought for subsequent rental. It is better to buy a property in Torrevieja in the southern part of the city for your own residence, temporary or permanent. The most popular areas among foreigners are El Acequión – Los Naúfragos and Los Balconies due to its proximity to the sea.

The average price per square meter when buying an apartment:

  • in the city center — 1,604.00 €;
  • outside the center — 1,290.00 €.

Prices for rental:

  • On average, per square meter — from 6.86 € to 7.89 €;
  • Apartment (1 room) in the city center — 450,00 €; outside the center — 516,67 €;
  • Apartment (3 rooms) in the city center — 950,00 €; outside the center — 833,33 €.

There are many modern new buildings in the city, for example, the Alegria complex. For those who like a separate space – residential complexes with underground parking and a swimming pool. Europeans especially like to buy houses there.

We will help you conclude a legally secure transaction for the purchase of housing from our partners — leading developers and the best real estate agencies.

Real estate market prospects

Over the past year there has been an increase in prices for the sale and rental of real estate. In June 2022 an average of 1.889 € per square meter was asked for residential premises. This is the largest jump in value over the past 2 years. Compared to August 2021, the growth was 11.91% (1,688 euros/m2).

Rental housing in June 2022 on average cost 7.24 € per month per square meter, which is 6.78% more compared to August 2021. The month with the lowest asking price was April 2021: an average of 6.63 € per m2 per month.

Who is buying property in Torrevieja

In this calculation, more than 10 thousand houses sold were taken into account. Of 48% of buyers are foreigners. This is 2 times more than the average figures in the whole country. Most of the people who buy housing here are British. Convenient transport links with Great Britain have been built here for them.

The ratio of the number of buyers by country:

  • Great Britain — 33%,
  • Romania — 14%,
  • Germany — 6%,
  • Bulgaria, the Netherlands and Italy — 5 each%,
  • France and Belgium — 4 each%,
  • Norway — 2%.

The share of foreign specialists living in the territory of Torrevieja is 13%.

How much does it cost to housing maintain in Torrevieja

On average, 1.8–2.5 thousand euros per year is spent on the maintenance of real estate. The amount of expenses consists of paying taxes, insurance and utilities. If the house is bought with a mortgage, then monthly loan payments are added to this amount.

Taxes

Property owners in Torrevieja pay property tax once a year. The rate is the same for Spaniards and visiting foreigners, and depends only on the location and type of building — from 0.4 to 1.1% of the cadastral value. Plus, each city has an additional service tax — garbage collection, maintenance of communications in the house. It takes several hundred euros a year.

For non-residents of Spain, there is a wealth tax. Its rate ranges from 0.2% to 2.5%, depending on the value of the property. If the housing was purchased for rent, you need to pay income tax for it — 24% of the amount of income.

Insurance

Insurance is usually required in a bank when buying a home with a mortgage. Its size depends on the loan amount. For example, for a house worth 170,000 €; the approximate amount of insurance is 300 € per year.

Insurance compensation is paid to the owner upon the occurrence of an insured event – fire, flood, storm, earthquake, in case of damage due to leakage of water or oil from the heating system, as well as upon theft or vandalism.

Services and utilities

Maintenance of the house and the territory by the management company costs homeowners 0.5-1.25 € per 1 m2 per month. The list of services includes maintenance of the garden, swimming pool, common area of the residential complex. For a year, the cost of services can reach up to 1.5–2 thousand € for villas with a pool and garden.

Monthly fees: for electricity — an average of 60 €; for gas, water and garbage collection — 50 €; Internet — 20-30 €.

Repair

Housing in need of repair is often bought in Spain because of its low cost. In such cases, it is necessary to take into account additional expenses for construction materials and services:

  • a license for major repairs (issued by the administration) — 500 €;
  • demolish the wall — 150 €;
  • tile works — 35 €/m2;
  • installation of a heating system — 3 thousand € on an area of 90 m2;
  • electrical wiring and lighting — 1.5 thousand €;
  • replacement of pipes in the bathroom — 3-4 thousand €;
  • restoration of the facade — 10-18 thousand €.

Before buying such housing, it is worth weighing everything well, whether it will come out more expensive than with a ready-made repair.

How much does it cost to live in Torrevieja

Here are the average prices for products, goods and services of daily demand. So you can estimate and roughly imagine the cost of living in Torrevieja.

Average price of food:

  • Lunch at an inexpensive restaurant -  12.00 €;
  • Lunch for 2 persons in a restaurant of the average price category — 40.00 €;
  • McMeal at McDonalds — 8,00 €;
  • Water (0.33 bottle) 1.30 €
  • Bread (500 g) 1.26 € (from 0.60 to 2.00)
  • Chicken fillet (1 kg) 6,57 €
  • Beef (1 kg) 8,60 €
  • Beer 0.5  — 2.00 €
  • Cappuccino — from 1,00 to 2,50 €

Transport:

  • Public transport — 1,50-2,00 €;
  • Taxi (1km) -  1.00-1.50 €;
  • Gasoline (1 litre) — 1.55 €.

A private kindergarten for 1 child will cost 260.00 €. International Primary School -6,000.00 € per year of study. Monthly subscription fitness club for 1 adult — 20.00 – 40.00 €. Cinema (1 sit) -  10.00 €.

The average salary is 1,362.50 € per month.

Tranio's representative offices
torrevieja

Tranio LLC

Calle del Palangre, 14, 03182 Torrevieja, Alicante, Spain

+34 932 204 049

athens

Tranio LLC

Vissarionos, 4, 10672 Athens, Greece

+30 211 198-60-27

berlin

Tranio Germany GmbH

Schlüterstraße 38, 10629 Berlin, Germany

+49 302 2957622

Tranio's Dubai office

Tranio Global Real Estate

Ohmydesk Business Center, Al Fattan Downtown, 32d St, 103-104, Al Satwa Dubai, UAE

Tranio's Phuket office

Tranio Global Real Estate

Lagoon Plaza, 21/6 Lagoon Rd, Cherngtalay Thalang Choeng Thale, Thalang District, Phuket 83110, Thailand

+90 (212) 922 22 21

istanbul

Tranio Global Real Estate

Fulya, Büyükdere Cd. No:76, 34394 Şişli/İstanbul, Turkey

+44 17 4822 0039

bali

Tranio Global Real Estate

67 Jl Bypass Ngurah Rai Br Kerthayasa, Bali, Kuta Badung, 80361

+62 213 950 47 41

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      FAQ about Torrevieja
      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.
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