Property for sale in Torrevieja

Buy a house in Torrevieja for rent

Housing in Torrevieja is in great demand by Russians, as well as by residents of the Nordic countries and the USA. People usually buy property in Torrevieja as a holiday residence. The purchase of housing in Torrevieja also serves to emigrate to Spain. Torrevieja is a tourist city with high housing demand for purchase and rent, so buying a house in Torrevieja, Spain, is a very attractive option for its high profitability. The property can be rented throughout the year, or during the bathing season, which begins in Torrevieja at the end of April and ends at the end of October. That is to say, if you buy property in Torrevieja, you can rent it for most of the year and get income. As long as you do not plan to use it for your own. The population of Torrevieja is around 80 thousand people. In the high season it increases to 300-400 thousand people. For the management of your property in Torrevieja, you can trust our company. "Alegría" offers its clients such services, as well as a concierge service, which greatly facilitates your stay in Spain. When buying a house in Torrevieja, you can count on a 3-4% yield. It also seems interesting to buy a house in Torrevieja for resale, the difference in price will be beneficial for the owner. Property prices in Torrevieja are constantly growing by 3-4% per year.

Buy cheap house in Torrevieja

Buying a cheap house in Torrevieja is quite feasible, since this tourist city is characterized by its relatively low housing prices. The property prices in Torrevieja and its surroundings are much lower than in popular tourist city centers. Like for example, near Barcelona and on the Maresme coast. This makes Torrevieja a very attractive destination for foreigners with a limited budget. The cheapest homes in Torrevieja are the second hand ones. You can buy a cheap property in Torrevieja in the resale market even without investing in repairs. The cheap properties Torrevieja, Spain, will be demanded among the tenants, because the rental market is very limited and the demand exceeds the offer. If you plan to buy a cheap house in Torrevieja, pay attention to studios and single-bedroom apartments: prices start at € 100,000, and these sort of homes are the most popular among tenants. Check the offers in our catalogue of apartments in Torrevieja. You can buy a cheap property in Torrevieja, in Spain, in the most central areas or near the beach, which is also a great advantage.

Property prices in Torrevieja

The property prices in Torrevieja, as mentioned above, are lower than in the typical tourist areas of Spain. This is due to Torrevieja before becoming a popular tourist destination, was a small provincial town. In addition, Torrevieja is located near major cities and business centers in Spain. However, the property prices in Torrevieja, are not low comparing them with the province of Alicante. This figure is observed in the official statistics of 2018. The average property price in Torrevieja is € 1,672 per square meter, which is a little more than in Alicante, the second most popular city to buy a home on the Costa Blanca. The average property price in Torrevieja depends on the type of this. A second-hand apartment of 70 square meters is worth between 65-70 € thousand. A house with similar parameters around € 95 thousand. A new construction house in Torrevieja costs between € 100 and € 150 thousand. The property price in Torrevieja, Spain, in the luxury segment starts from € 250 thousand.

Where to buy property in Torrevieja

Where to buy a property in Torrevieja: for own use, for rent, or vacation. The city can be divided into 7 areas, although there is no clear administrative division. If you are thinking about where to buy a house in Torrevieja in order to obtain rental income, you should know that the central part of the city, Del Cura and Los Locos beaches, as well as the main street Habaneras, will have the greatest demand. These áreas have the greatest profitability, and the distance to the beach is 100-150 meters. Therefore, buying a house in Torrevieja in these areas will be beneficial in terms of investment. If you think about where to buy a house in Torrevieja for permanent residence, we recommend you to look for a house in La Mata and Punta Prima, quieter areas with beautiful beaches, where there are few tourists. Also, other interesting areas to buy a property in Torrevieja, is La Siesta - El Salado - Torreta, which are located near the salt lakes. The silence, the tranquility, the beautiful views, as well as the air enriched with minerals, which is considered curative, are the main advantages of these areas.

Property for sale in Torrevieja

The company "Alegría" specializes in the property sale in Torrevieja and other cities of the Costa Blanca in Spain. In our catalog you will find more than 500 proposals of owners, developers and our own construction projects: modern residential complexes and villas for sale in Torrevieja. We have carried out more than 20 construction projects, and we have built more than 40 residential complexes in our own land. The property sale in Torrevieja in our company is accompanied by a series of additional services: assistance for obtaining the residence permit, concierge service, warranty services, legal advice, furniture purchase and home repairs, tax advice, etc. Most of the services related to property sale in Torrevieja are free for our customers.

If I buy a house in Torrevieja - What do I have to know?

If I buy a house in Torrevieja, and I will be in the city only 3 months a year, who will take care of my house for the rest of the year? Answer: You can buy a house in Torrevieja and live there whenever you want or can afford it. We will take care of it while you are not in Spain, including payment of public services bills, management with tenants if applicable, etc. If I buy a house in Torrevieja in front of the sea, will the high humidity in my house bother me? Answer: this is just a myth. In fact, high humidity is a typical problem in many homes in Spain, which especially affects the basements. If the owner of a house in Torrevieja is worried about high humidity, he or she can use special devices and products that absorb it. If I buy a house in Torrevieja, will I have any privilege to get the visa as the owner of the property? Answer: Buying a property in Torrevieja, just as in all of Spain, involves obtaining a regular Schengen visa. When buying a house in Torrevieja, you will have a clear advantage to obtain a residence permit based on income and financial independence, since the self-owned or rented accommodation is one of the conditions to obtain a residence permit. Obtaining a special visa status, that is to say, the "golden visa", is possible if you buy a house in Torrevieja at a price of at least 500€ thousand.