Apartments in Torrevieja - secondary market
Torrevieja: location, climate, and tourism
Torrevieja is a city and municipality of the same name, located on the Costa Blanca, in the province of Alicante, in the southern part of the autonomous community of Valencia, on the southeastern Mediterranean coast of Spain.
The climate is hot semi-arid with dry mild winters and hot dry summers. There are 320 sunny days a year, the average annual temperature is 18 degrees Celsius. Rains are typical for October-November.
Torrevieja is attractive for tourists:
- historical monuments (churches, forts, castles), parks,
- various cultural festivals (habanera),
- international sports competitions (Olympic size swimming pool, football fields, tennis courts, golf clubs, indoor pavilions for gymnastics and handball),
- rich nightlife (a large number of pubs, tapas bars, cabarets, and casinos),
- beaches (Playa de los Naufragos, Playa de la Mata, Playa del Cura, Playa de los Locos), repeatedly awarded the Blue Flag,
- pink salty lagoons, the water in which has healing properties.
It is profitable to invest in the resale of Torrevieja
The number of residents is growing every year due to foreigners, whose number has already exceeded half of the city's population. Resale real estate in Torrevieja is in great demand both among the local population and among foreign citizens from European countries and the CIS, as it is suitable for both recreation and relocation. The city has many public and private schools (teaching in English and Spanish), and medical clinics. Investors have the opportunity to earn on short-term rentals during the high season and long-term rentals.
Benefits of buying an apartment in Torrevieja:
- wonderful climate and beaches,
- developed resort infrastructure,
- variety of sports facilities,
- regular transport links with other cities of the country,
- quality medical and educational services,
- the possibility of obtaining a stable rental income.
The secondary market offers a wide range of objects:
- studios - small one-room economy class apartments (20-50 m²) with a zoned kitchenette;
- apartments (apartamento) or apartments (piso) - a classic type of living space from 50 to 120 m², where the dining area is combined with the living room (apartment), or the kitchen and living room are separate (flat);
- atiko (atico) or penthouses (penthouse) - living space on the roof of a skyscraper or luxury multi-room apartments on the top floor of a high-rise building.
Prices for apartments in Torrevieja
The cost of an apartment in Torrevieja depends on the location, distance from the beach, infrastructure, year of construction, condition and other characteristics. Apartments in central areas are cheaper, but often require renovation. The southern part of the city is dominated by modern residential complexes.
The average price per square meter is 2,090 €. Areas with the lowest prices in Torrevieja - Playa del Cura and Centro - 1500 euros/sq.m, with the highest prices - Los Balcones-Los Altos-Punta Prima - 2400 euros/sq.m.
Buying and selling apartments in Torrevieja without intermediaries: the procedure and nuances of investing
The GEOLN.COM website with a convenient search interface helps investors to buy apartments in Torrevieja, where it is quick and easy to select an apartment from the owners according to the specified parameters (verified objects with photos). Also, you can get expert advice there. The owners of apartments put up their offers for sale on the site on their own.
The procedure for a sale and purchase transaction involving a notary, who is a regional representative of the Registration Chamber, is clearly regulated by the tax legislation of Spain, so that fraud by unscrupulous sellers is completely excluded.
In Spain, you can also buy an apartment on a mortgage on favorable terms (with a minimum interest rate of four to five) for a period of ten to twenty-five years.
Buying an apartment in Torrevieja is a profitable investment that guarantees a high rental income, the opportunity to live with the whole family in one of the sunniest and most favorable cities on the Mediterranean coast of Spain.