Apartments for sale in Torrevieja. Alicante, Costa Blanca

Buying an apartment in Torrevieja — costs, formalities and rental potential

Buying an apartment in Torrevieja involves the same formalities as any transaction on the Spanish property market. On resale purchases in the Valencian Community, Property Transfer Tax (ITP) applies at 10% of the property value. On top of this come notary fees, land registry inscription and gestoría costs — in total you should budget for approximately 11–13% on top of the purchase price in additional expenses. On new build apartment purchases from a developer, VAT of 10% applies along with Stamp Duty (AJD) of 1.5%. We explain all taxes and buying costs in full detail in our article: Taxes and costs of buying property in Spain.

Torrevieja is one of the most attractive holiday rental markets on Costa Blanca South. Apartments close to the beach and city centre generate short-term rental yields of 4–7% per year, and the city's exceptional microclimate means that tourists arrive not only in summer but throughout virtually the entire year. This translates into a significantly longer occupancy period than at typical coastal resorts and a higher overall investment return.

At Azul Villa Properties we guide you through every stage of the purchase: legal verification of the property, land registry and community debt checks, NIE number applications, Spanish bank account opening, mortgage assistance for non-residents — Spanish banks typically lend up to 70% of the property value to foreign nationals — and notarial signing. We work with trusted lawyers and gestores operating locally in the Torrevieja area, ensuring that every stage of the transaction is fully managed and under control.

Torrevieja is also one of the most active resale markets on the Costa Blanca — many apartment owners decide to sell after years of use, which means a constant flow of attractive listings at accessible prices. If you own an apartment in Torrevieja or the surrounding area and are considering selling — we would be delighted to help. We will value your property, prepare a professional listing and manage the entire sales process on your behalf. Fill in the form and get in touch — we will call you back to discuss the details free of charge and with no obligation.