Sorello Guides

Torrevieja: purchase costs and the yearly bill

An appraised average of 2.182,4 €/m² puts this above the national middle. With 69,99 % of dwellings not a main residence, the permanent population lives in a minority of the buildings. Torrevieja is one of the larger municipalities of Alicante, with a housing stock too varied to describe by a single average.

The bill that lands on the day of the deed

On a Torrevieja resale the Valencian Community transfer tax is the single largest item after the price itself. Valencian Community applies 9 %, among the highest transfer-tax rates in Spain.

Transfer tax on a resale purchase, at three illustrative prices
Purchase priceTransfer tax
200.000 €18.000 €
350.000 €31.500 €
600.000 €54.000 €

The three prices are round illustrative figures chosen to bracket the ordinary range, not measurements of this market.

The reduced rates, stamp duty and the deed checklist for Valencian Community

A sense of scale

Take Alicante alone: among the municipalities here, its number of notarised home sales is the second highest.

Set the national range end to end and this count of registered residential units lands in the second-dearest twentieth.

Of the Alicante municipalities covered here, this one comes second highest on total dwelling stock.

On a national view, its number of urban cadastral units falls into the second-dearest twentieth.

Line the Alicante municipalities in this guide up by share of dwellings that are not a main residence and this one is the highest.

The comparison that matters

Country-wide, that number of appraisals behind the average is one of the third-dearest twentieth.

Judged only against Alicante, the rural property-tax rate here is the lowest in the guide.

Nationally, that share of the urban register that is housing falls in the second-dearest twentieth.

Compared with the rest of Alicante in this guide, it sits third highest on population.

Measured against the whole batch, that urban property-tax rate sits in the cheapest twentieth of them.

A sense of scale

Ranked against its neighbours in Alicante, it holds the third highest premium a new build commands over an older home of the group.

Against every municipality in this guide, its appraised value of an older home lands in the band just below the middle.

Among the Alicante towns and cities covered here, it records the sixth highest year of the last cadastral revision.

Across the country, the tax rate on construction work here belongs to the band just above the middle.

Where the permanent population is the minority

Almost the whole register is housing: 125.250 residential units out of 176.574 urban ones.

69,99 % of dwellings in Torrevieja are not a main home, so most of the built stock stands empty for most of the year.

The whole stock came to 122.736 dwellings at the census.

The yearly bill, and why it is small here

Rural land is charged at 0,3 %, which is nominal.

The typical Torrevieja home is on the register at 55.297 €, below the national middle.

Torrevieja levies 0,4 % on urban property, one of the lowest IBI rates you will meet.

180.000 € of cadastral value at 0,4 % is 720 € a year, but the base is dated and a revision would change it sharply.

The cadastral value in this example is a round illustrative figure, not the cadastral value of any particular property here. Ask for the last IBI receipt: it states the real one.

The cadastral values are dated

The construction tax is 4 %, the statutory maximum, which matters if you plan to renovate.

The Torrevieja register dates from 2004; a future revision could move the yearly bill significantly even if the rate never changes.

Appraised values and what they imply

The premium for new build is clear: 2.710,8 €/m² against 2.169,0 €/m² for anything older.

At 2.182,4 €/m², Torrevieja appraisals sit above the national middle.

531 appraisals stand behind it, enough for the average to be stable.

How fast property turns over

125.250 residential units are registered, and a large slice of them turns over annually.

Second quarter was the busiest quarter and Third quarter the thinnest, but the spread was mild.

Torrevieja recorded 6.902 notarised home sales in the year, a rate only holiday and investment markets reach.

Notarised home sales by quarter, 2025
QuarterSales
First quarter1.637
Second quarter1.898
Third quarter1.598
Fourth quarter1.769

Related guides

Sources and licences