Question 1

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

Accepted Answer

As a resale in the Valencian Community, this purchase carries ITP transfer tax at 9% of the purchase price, rising to 11% on the entire value above €1,000,000. Note that tax is charged on the higher of the price paid and the property's official reference value, so treat any figure based on the asking price as a minimum. 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. In addition, allow approximately EUR 600–1,200 for notary fees, EUR 400–800 for land registry fees, and around 1% of the purchase price plus VAT for legal representation.

Question 2

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

Accepted Answer

Non-resident buyers in Spain typically need a deposit of 30–40% of the purchase price, as Spanish lenders generally finance up to 60–70% of the property's assessed value. Current variable and fixed mortgage rates for non-residents tend to fall in the range of 3.5–4.5%, though individual offers vary by lender and applicant profile. We recommend obtaining an agreement in principle before making an offer.

Question 3

What are the ongoing running costs for this apartment?

Accepted Answer

Community fees are estimated at approximately EUR 105 per month, covering shared building maintenance and lift servicing. The annual IBI (council tax) is estimated at approximately EUR 360. Please note both figures are estimates. You should also budget for utility contracts (electricity, water) in your name once the purchase completes.

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 apartment and ask questions in real time before committing to an in-person visit. Contact us to arrange a video call at a time that suits you, or to schedule an in-person viewing in Torrevieja.

Question 5

What is the rental potential of this apartment?

Accepted Answer

Paseo Marítimo is one of Torrevieja's most active areas for holiday rentals, with strong demand from spring through to early autumn. A seafront location, sea views, and furnished fit-out are all factors that support short-term letting. A tourist licence (Vivienda de Uso Turístico) is required to let legally in the Valencian Community — we can connect you with a local agent to advise on licensing and management.

Question 6

What steps are involved in buying a property in Spain?

Accepted Answer

First, obtain an NIE (Número de Identificación de Extranjero), the tax identification number required for all Spanish property transactions. Once you agree on a price, a reservation contract and fee take the property off the market. This is followed by a private purchase contract (arras), under which a deposit — typically 10% of the purchase price — is paid and both parties are legally bound. The transaction completes before a notary, who signs the escritura (title deed), after which the deed is registered at the Land Registry. We recommend appointing an independent Spanish solicitor to carry out due diligence throughout.

Fastighetstyp	Lägenhet
Sovrum	2
Badrum	2
Boarea	120 m²
Terrass	15 m²
Våning	3
Byggnadsår	1981
Orientering	South
Energicertifikat	G
Referens	OH02230

ITP (10%)	€23,990
Notario	~€950
Registro de la Propiedad	~€650
Abogado (1% + IVA)	~€2,903
Comunidad	€105/mo
IBI	€360/yr
Total	~€28,493 (11.9%)

Denna charmiga lägenhet till salu har totalrenoverats och erbjuder enastående havsutsikt.

Beskrivning

Fastighetsdetaljer

Utrustning

Avstånd och omgivning

Plats på kartan

Energicertifikat

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Årliga driftskostnader

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Om Centro, Torrevieja

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