Buy real estate in Torrevieja

Buy real estate in Torrevieja

Investors from around the world tend to buy real estate in Torrevieja because the English-speaking diaspora is very numerous in this city. As you know, property prices on Costa Blanca are among the lowest in Spain, and Torrevieja is one of the most popular coastal cities in the context of buying real estate.

Buy real estate in Torrevieja

Torrevieja is characterized by very favorable climatic conditions: 320 days of sunshine a year, beautiful beaches with white sand and large salt lakes, which properties are rightly considered to be medicinal.

In Torrevieja, English-speakers feel as if they were at home because, in most shops, cafes, and restaurants, sellers and consultants perfectly understand the English language. The city is perfect for a quiet family holiday. Transport infrastructure is also good here.

The distance to the nearest airport, which is located in Alicante, is less than an hour drive — only 40 kilometers. Taking into account all these factors, it becomes clear why wealthy people from different countries are interested in buying property in Torrevieja.

Property prices in Torrevieja

As already mentioned, the cost of real estate is very affordable here. If you want to buy an inexpensive house in Torrevieja, then, in this case, the most appropriate option is a studio. On average, the price of this type of property ranges from 35 000 to 50 000 €.

If you plan to buy a flat in Torrevieja with 1-2 bedrooms, you need to have a budget of about 45 000 – 80 000 €. The approximate cost of a flat with 3 bedrooms ranges from 70 000 to 150 000 € here. Of course, the cost of accommodation directly depends on its quality, location, and distance from the sea.

Therefore, for flats and houses with good repair in a prestigious area near the sea, the price is often much higher than the average market value.

If you are planning to buy a property of different type in Torrevieja, you should pay attention to bungalows and townhouses. On average prices for bungalows range from 60 000 € to 150 000 € in Torrevieja, townhouses are sold at prices ranging from 80 000 € to 200 000 € here.

Now a house or villa in Torrevieja can be bought on average from 150,000 € to 500,000 €. Of course, luxury villas can cost more expensive here — from a million to several million euros.

Buying real estate in Torrevieja is not only a good idea but also a very forward-looking investment. Having bought accommodation here, you get the opportunity to relax in a beautiful Mediterranean resort or it also can be profitable to rent accommodation for tourists.

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