City on the map
Torrevieja is a Spanish city on the southeastern Mediterranean coast of the Costa Blanca, in the province of Alicante. It is a renowned resort. Its beaches (Playa de los Naufragos, Playa de la Mata, Playa del Cura, and Playa de los Locos) have been repeatedly awarded the Blue Flag. The climate is hot and semi-arid, with mild winters and hot, dry summers. There are 320 days of sunshine per year, with an average annual temperature of 18 degrees Celsius. Rainfall is typical in October and November.
The economy is based primarily on the service sector, including tourism. Rail and bus connections are available to other cities in the country. Torrevieja is attractive for its
- sights: churches, forts, castles,
- parks,
- the healing waters of the pink salt lagoons,
- cultural festivals (habaneras),
- international sporting events (football fields, an Olympic-size swimming pool, golf clubs, tennis courts, indoor pavilions for gymnastics and handball),
- vibrant nightlife (numerous pubs, tapas bars, cabarets, and casinos).
Why buying a new apartment in Torrevieja is profitable
The population grows annually due to the influx of foreign nationals, who now make up more than half of the city's residents. Newly built properties in Torrevieja are in high demand among both local residents and foreign investors from European and post-Soviet countries, as they are ideal for vacations and relocation.
Residential complexes in Torrevieja are being actively built, with a significant number of new homes being completed annually, and demand for new builds from developers in Torrevieja is also growing. Customer reviews confirm that construction quality meets European standards. Purchasing a home in new residential complexes is the most rational decision for investors, as purchasing a new build in Torrevieja offers the following advantages:
- new utilities, modern layouts,
- reasonable prices, especially during the initial stages of construction,
- popular tenant demand (investors can earn money through short-term rentals during the high season and long-term rentals),
- liquidity.
Price of an apartment in Torrevieja from a developer
According to the real estate search engine GEOLN.COM, you can buy an apartment from a developer in Torrevieja for a minimum price of $2,160 per square meter. The price depends on the location, distance from the beach, and infrastructure. It is important to consider price changes, so only use information that is current at the time of your search.
Apartments for sale from developers (features)
When planning to buy a new-build property in Torrevieja, consider the developer's professionalism, experience, and integrity. Therefore, it's essential to check their history and the property's documentation. GEOLN.COM (with its user-friendly search interface) is a helpful website for investors. It features a catalog of new-build properties for sale, featuring listings exclusively from reliable, proven developers. Developers offer various attractive promotions. Apartments in new residential complexes can be purchased at a lower price during the construction phase.
The official confirmation of the transaction is the Escritura Publica (escritura), a document signed at the Notary's office in the presence of a notary who is the regional representative of the Registration Chamber.
An apartment in a new-build property in Torrevieja is an investment that guarantees high rental income and the opportunity to live in one of the sunniest and most pleasant cities on the Spanish Mediterranean coast.