Properties in Torrevieja
Affordable coastal living, a strong Scandinavian community and a long rental season.
Torrevieja is one of the most popular towns on the Costa Blanca with a long promenade, excellent amenities and a year-round lifestyle. Here you will find apartments, townhouses and villas at various price points.
Why buy a property in Torrevieja?
Beach life
Long beaches and a seafront promenade in the centre.
Affordable
Great value compared to many other coastal towns.
Community
Large Scandinavian presence and services.
Rental
High demand for rentals most of the year.
Price range in Torrevieja
Torrevieja often offers a wide selection from affordable apartments to larger townhouses and villas. Beachfront locations are generally at the upper end of the price range.
Popular areas and current highlights
Playa del Cura and Los Locos for central beach life.
La Mata for a quieter beach setting.
Aguas Nuevas for family-friendly living.
Los Balcones for villas and views.
Current properties in Torrevieja
Common questions about Torrevieja
Step-by-step guide: 1. Preparations (1-2 weeks) - Apply for a NIE number (tax number) - Open a Spanish bank account - Hire a Swedish-speaking agent 2. Find a property (2-8 weeks) - Visit properties - Compare prices and areas - Get a survey (recommended) 3. Preliminary contract (1 week) - Sign the preliminary contract (contrato de arras) - Pay deposit (10% of purchase price) 4. Final contract (4-8 weeks) - Notary appointment - Pay remaining amount + costs - Get the keys! Total time: 2-4 months from start to finish.
In addition to the purchase price, the following costs apply: Mandatory costs: - Transfer tax (ITP): 8-10% of purchase price - Notary fees: 600-1,200 EUR - Registration: 400-800 EUR - Legal advice: 1,000-2,000 EUR Total: Budget 10-13% of the purchase price in additional costs. Example: Apartment for 150,000 EUR = 15,000-19,500 EUR in additional costs.
On purchase: - Transfer tax (ITP): 8-10% (existing property) - VAT (IVA): 10% (new build) Annual taxes: - Property tax (IBI): 200-600 EUR/year (depending on assessed value) - Waste tax: 50-150 EUR/year - Income tax (if renting): 19-24% on rental income - Wealth tax (IRNR): 19-24% on estimated rental value (even if not renting) Community fees (apartments): - 300-1,200 EUR/year (depending on facilities) Total per year: 800-2,500 EUR for an average apartment.
Yes, a NIE number is MANDATORY to buy property in Spain. What is a NIE? - Número de Identificación de Extranjero - Spanish tax number for foreigners - Required for all financial transactions How to get a NIE: 1. Book an appointment at the Spanish consulate 2. Fill in the application (EX-15) 3. Pay the fee (~10 EUR) 4. Wait 2-4 weeks Or: Apply directly in Spain (faster, 1-2 days)
Yes, but it is more difficult than in your home country. Requirements: - Permanent employment (at least 1 year) - Income of at least 25,000 EUR/year - Down payment 30-40% (banks lend max 60-70%) - NIE number - Spanish bank account Interest rates: 3-5% (higher than in Northern Europe) Alternatives: - Mortgage with your home bank (often better terms) - Remortgage existing property at home
Total time: 2-4 months Timeline: - Week 1-2: NIE number + bank account - Week 3-8: Find a property - Week 9: Preliminary contract + deposit - Week 10-16: Legal review - Week 16: Final contract at notary Fastest: 6 weeks (if everything goes smoothly) Slowest: 6 months (if complications arise)