Question 1

What purchase costs should I budget for beyond the asking price?

Accepted Answer

As a new build in the Valencian Community, this purchase carries IVA (VAT) at 10% of the purchase price plus AJD stamp duty at 1.4%. ITP does not apply. Additional costs include notary fees (typically EUR 600–1,200), land registry fees (typically EUR 400–800), and legal fees of around 1% of the purchase price plus VAT. Reduced rates and local allowances may apply if you meet this region's conditions — for example, age, large-family or disability status, or buying a primary residence — worth checking before you budget.

Question 2

Can I get a mortgage as a non-resident buyer?

Accepted Answer

Non-resident buyers can typically access Spanish mortgages covering up to 60–70% of the purchase price or valuation, meaning a deposit of 30–40% is usually required. Current variable and fixed rates from Spanish lenders generally range between 3.5% and 4.5% annually, though this varies by lender and applicant profile. A mortgage broker with Spanish market experience is recommended.

Question 3

What are the ongoing running costs for this penthouse?

Accepted Answer

Community fees are estimated at EUR 115 per month, covering shared area maintenance, pool upkeep, security, and lift servicing. Annual IBI (local property tax) is estimated at EUR 530. Both figures are estimates at this stage of the development. Utility costs such as electricity and water are payable separately by the owner or tenant.

Question 4

Can I view the property remotely before travelling to Spain?

Accepted Answer

Yes. We offer video viewings by appointment, allowing you to walk through the property and ask questions in real time without travelling. Many buyers use a video viewing to shortlist before arranging an in-person visit to Torrevieja. Contact us to schedule a time that suits you.

Question 5

Is this penthouse suitable as a rental investment?

Accepted Answer

Torrevieja is a designated tourist area with year-round visitor demand, particularly from northern European and domestic Spanish travellers. The Estacion de Autobuses location gives good access to the town centre and the salt lakes, which attract visitors independently of beach proximity. A tourist licence would be required for short-term holiday lets; the local town hall can advise on current licensing conditions. We do not quote yield percentages, as these depend on management costs, occupancy, and your own financing structure.

Question 6

What are the main steps in the purchase process?

Accepted Answer

You will first need a Spanish NIE (foreigner identification number), which can be obtained through a Spanish consulate in your home country or in person at a Spanish police station. Once you have agreed a price, a reservation agreement is signed and a holding deposit paid to take the property off the market. This is followed by a private purchase contract (arras or contrato de compraventa), at which point a further payment — typically 10% of the purchase price — is made. The transaction completes before a notary, at which point the remaining balance and all taxes are settled and title transfers to the buyer.

Type de bien	Penthouse
Chambres	2
Salles de bain	1
Surface habitable	75 m²
Étage	3
Certificat énergétique	G
Référence	56986445-04

IVA (10%) + AJD (1.5%)	€40,250
Notario	~€950
Registro de la Propiedad	~€650
Abogado (1% + IVA)	~€4,235
Comunidad	€115/mo
IBI	€530/yr
Total	~€46,085 (13.2%)

Penthouse 2 chambres - Estacion de autobuses, Torrevieja

Description

Détails du bien

Équipements

Distances et environs

Emplacement sur la carte

Certificat énergétique

Frais d'acquisition estimés

Charges annuelles

Aperçu de l'investissement

À propos de Centro, Torrevieja

Questions fréquentes

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