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The favorable climate, impressive landscapes, friendly residents, diverse cuisine, rich culture and history, interesting holidays and traditions, modern shopping areas and lively nightlife create unique conditions for living in Torrevieja. Spain-Real.Estate takes a closer look at Torrevieja’s most desirable residential districts in which to buy property. We will also explore how to choose an area, find an apartment, and make a deal in Torrevieja.
Content:
- Reason for purchase: Investment, vacation, or permanent residence
- Torrevieja’s districts characteristics
- How can a foreigner buy an apartment in Torrevieja?
- Is it worth buying a property in Torrevieja?
- Torrevieja’s most desirable residential districts
- Spain-Real.Estate can assist you in purchasing an apartment in Torrevieja
Reason for purchase: Investment, vacation, or permanent residence
The reason for purchase determines the type of real estate one chooses.
Real estate in the city center or near the sea is more suitable for investment purposes.
It is easier to rent out a home in popular tourist quarters.
Real estate in Spain with developed infrastructure is suitable for permanent residence.
Torrevieja’s district characteristics
Prices in the districts depend on the location, attractions, infrastructure, parking availability, and property condition.
Let’s figure out where to buy an apartment in Torrevieja.
1. Torrevieja Central District
Location
The Torrevieja Central District is next to the port and is divided into 4 zones: Parque de las Naciones, El Molino, Puerto Deportivo, and Centro-Muelle Pesquero.
Infrastructure
Attractions: Architect's House, Philharmonic Hall, Theater, Salt Museum, Immaculate Conception and Sacred Heart Churches.
Educational institutions: 3 schools.
Healthcare: 3 medical centers.
Supermarkets, shops, shopping centers.
Development and housing types
Includes several new buildings, low-rise buildings built in the 1970s, and also includes apartments, penthouses, duplexes, and studios.
Average price per square meter
| Purchase | Rent |
|---|---|
| Average price per sq. m. – 1243 € | Average price per sq. m. – 6 € |
| Average real estate price – 109 725 € | Average real estate price – 520 € |
| Price per number of rooms (sq. m.): | Price per number of rooms (sq. m.): |
| Price per studio or 1 room – 1264 € | Price per studio or 1 room – 383 € |
| Price per 2 rooms – 1162 € | Price per 2 rooms – 466 € |
| Price per 3 rooms – 1370 € | Price per 3 rooms – 584 € |
| Price per 4 rooms – 1345 € | Price per 4 rooms – 600 € |
| Price for services (sq. m.): | Price for services (sq. m.): |
| Price per sq. m. with terrace – 1324 € | Price per sq. m. with terrace – 560 € |
| Furnished real estate ‒ 1292 € | Furnished real estate – 511 € |
| Real estate with elevator – 1289 € | Real estate with elevator – 518 € |
| For a parking space – 1472 € | For a parking space – 600 € |
Advantages and disadvantages
Pros: close to the sea and good infrastructure in the area.
The disadvantages include heavy traffic and noise on the streets.
2. Playa del Cura
Location
It is close to the Central District and is divided into 4 zones: Antonio Machado, Avenida Habaneras – Curva de Palangre, Las Piscinas, and Playa del Cura.
Infrastructure
Bars, cafes, retail outlets.
Bus service to the rest of Spain.
Development and housing types
The housing market consists of old houses.
New buildings are under construction far from the sea. Residential complexes have swimming pools and underground parking.
Average price per square meter
| Purchase | Rent |
|---|---|
| Average price per sq. m. – 1425 € | Average price per sq. m. – 7 € |
| Average real estate price – 124 305 € | Average real estate price – 555 € |
| Price per number of rooms (sq. m.): | Price per number of rooms (sq. m.): |
| Price per studio or 1 room – 1336 € | Price per studio or 1 room – 365 € |
| Price per 2 rooms – 1425 € | Price per 2 rooms – 514 € |
| Price per 3 rooms – 1442 € | Price per 3 rooms – 651 € |
| Price per 4 rooms – 1465 € | Price per 4 rooms – 674 € |
| Price for services (sq. m.): | Price for services (sq. m.): |
| Price per sq. m. with terrace – 1518 € | Price per sq. m. with terrace – 541 € |
| Furnished real estate – 1369 € | Furnished real estate – 571 € |
| Real estate with elevator – 1459 € | Real estate with elevator – 557 € |
| For a parking space – 1732 € | For a parking space – 679 € |
Advantages and disadvantages
The advantage is the proximity to the sea.
The disadvantage is that there are few parking spaces.
3. Playa de los Locos
Location
Playa de los Locos is near Playa del Cura. It is divided into the 2 administrative districts of Playa de los Locos and Los Frutales.
Infrastructure
Bars, restaurants, pharmacies, banks, grocery stores, and markets.
Development and housing types
It has high building density. In addition to the old housing, there are also a sufficient number of new projects.
Average price per square meter
| Purchase | Rent |
|---|---|
| Average price per sq. m. – 1656 € | Average price per sq. m. – 9 € |
| Average real estate price – 142 486 € | Average real estate price – 743 € |
| Price per number of rooms (sq. m.): | Price per number of rooms (sq. m.): |
| Price per studio or 1 room – 1871 € | Price per studio or 1 room – 438 € |
| Price per 2 rooms – 1606 € | Price per 2 rooms – 490 € |
| Price per 3 rooms – 1647 € | Price per 3 rooms – 1098 € |
| Price per 4 rooms – 1651 € | Price per 4 rooms – 1098 € |
| Price for services (sq. m.): | Price for services (sq. m.): |
| Price per sq. m. with terrace – 1789 € | Price per sq. m. with terrace – 865 € |
| Furnished real estate – 1540 € | Furnished real estate – 839 € |
| Real estate with elevator – 1817 € | Real estate with elevator – 650 € |
| For a parking space – 1895 € | For a parking space – 1208 € |
Advantages and disadvantages
Pros: Quiet and cozy area, suitable for beach holidays, many English-speaking citizens, as well as foreign shops.
The disadvantage is that shopping centers are far from the city.
4. Acequion
Location
Acequion is the southernmost district of Torrevieja. It is divided into 2 zones of El Asequion- Los Naufragos and Punta Prima.
Infrastructure
Many bars, shops, as well as a post office.
Development and housing types
Offers a wide range of real estate from studios to villas and townhouses. There are also apartment buildings and individual housing.
Average price per square meter
| Purchase | Rent |
|---|---|
| Average price per sq. m. – 1883 € | Average price per sq. m. – 8 € |
| Average real estate price – 161 666 € | Average real estate price – 629 € |
| Price per number of rooms (sq. m.): | Price per number of rooms (sq. m.): |
| Price per studio or 1 room – 1390 € | Price per studio or 1 room – 450 € |
| Price per 2 rooms – 1894 € | Price per 2 rooms – 512 € |
| Price per 3 rooms – 1938 € | Price per 3 rooms – 721 € |
| Price per 4 rooms – 1950 € | Price per 4 rooms – 721 € |
| Price for services (sq. m.): | Price for services (sq. m.): |
| Price per sq. m. with terrace – 2084 € | Price per sq. m. with terrace – 743 € |
| Furnished real estate – 1655 € | Furnished real estate – 736 € |
| Real estate with elevator – 1889 € | Real estate with elevator – 800 € |
| For a parking space – 2536 € | For a parking space – 1275 € |
Advantages and disadvantages
Pros include the convenient transport interchange.
The disadvantages include several banks and supermarkets.
5. Nueva Torrevieja
Location
In the east, it borders Playa de los Locos and in the south, Torrevieja Central District and Playa del Cura. It consists of 4 zones: Nueva Torrevieja, Aguas Nuevas, Parque Acuático, and Torreblaca.
Infrastructure
Many shopping centers and shops, educational institutions, bars, restaurants, pharmacies, and hairdressers.
Development and housing types
The housing market offers individual houses such as townhouses, villas, and cottages, and to a lesser extent, multi-apartment housing.
Average price per square meter
| Purchase | Rent |
|---|---|
| Average price per sq. m. – 1411 € | Average price per sq. m. – 7 € |
| Average real estate price – 94 614 € | Average real estate price – 574 € |
| Price per number of rooms (sq. m.): | Price per number of rooms (sq. m.): |
| Price per studio or 1 room – 1420 € | Price per studio or 1 room – 398 € |
| Price per 2 rooms – 1421 € | Price per 2 rooms – 504 € |
| Price per 3 rooms – 1413 € | Price per 3 rooms – 714 € |
| Price per 4 rooms – 1416 € | Price per 4 rooms – 717 € |
| Price for services (sq. m.): | Price for services (sq. m.): |
| Price per sq. m. with terrace – 1419 € | Price per sq. m. with terrace – 602 € |
| Furnished real estate – 1401 € | Furnished real estate – 602 € |
| Real estate with elevator – 1345 € | Real estate with elevator – 567 € |
| For a parking space – 1496 € | For a parking space – 855 € |
Advantages and disadvantages
Pros include the quietness of the area, as well as the numerous parks and green zones.
The disadvantages include the distance from banks and beaches.
How can a foreigner buy an apartment in Torrevieja?
- Search and compare a property with the help of a real estate agency in Spain.
- Personal inspection of real estate.
- Availability of NIE.
- Opening a bank account in Spain.
- Document verification.
- Discussion of the price and terms of transaction.
- Signing the deposit agreement.
- Concluding the sales agreement.
Is it worth buying a property in Torrevieja?
Real estate in Torrevieja attracts investors with its variety and low prices.
In the Torrevieja market, foreign buyers are mainly British, German, French, and Russian.
Torrevieja’s most desirable residential districts
Where is the best place to buy an apartment in Torrevieja?
You can choose an area in Torrevieja to buy and rent property based on your interests, lifestyle, and budget.
Recommendations for choosing an apartment in Spain for residence depend on the buyer’s wishes.
The areas close to the city center or near universities are suitable for students and youth, such as the Torrevieja Central District and Nueva Torrevieja.
Playa de los Locos is an area where foreigners and pensioners can comfortably reside.
Green areas with developed infrastructure and low housing prices are suitable for families with children, such as The Torrevieja Central District and Nueva Torrevieja.
Areas that are more profitable to buy an apartment to rent or for investment purposes are Acequion and Playa de los Locos.
Playa del Cura is an area to buy real estate if you desire to live close to the sea.
Playa de los Locos is best suited for those who wish to live in Spain for many years.
This Torrevieja district guide for various buyers can assist anyone in selecting suitable housing.
Spain-Real.Estate can assist you in purchasing an apartment in Madrid
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