What’s a good advice before I buy a property in Torrevieja or nearby ?

Hi 👋  JM

Do  you  know  Torrevieja  well ,  Check  Opening times  of Swimming  🏊‍♀️ pool,  some open all  day  some  close   mid  day even High Season, Buy  a South facing property,  Get  external  Storage,  When you find a  property  you  like,  Talk with  Permanent resident  and President,  local  knowledge  is  best,  Check  for  secure  Parking,  Come  back  to  Check  complex  in evening  and at  weekends,  If  you wish  to  Rent  property  out Check  with  President  to see if  Complex  allows  Rentals in Complex,  Check for  Internet  coverage 

But  before  you purchase  anywhere  it is  the  Golden Rule on this forum 

Rent  before  you  Buy, as mistake  can  cost  Thousands,   No  Cash  to Estate agents,  Get  Independent  Solicitors/Lawyers, Don't  give into  Estate agents  pressure 

Purchase  with your  Head not your Heart

Best of luck 👍 

Good morning, 

After a few years living at Orihuela costa, my advice would be buy a new well build /insulated property with access to communal swimming pool, parking with cover. Check area for communal services, floods,noise level, security issues. Look into your needs - doctors, sport facilities, access to the beach, public transport, shops, restaurants... Explore wider area, north of Torrevieja is, in my opinion, more appealing. There is a lot of leg work and brainstorming to do. But it is all exiting. Be wise with your finances, get an independent lawyer, there is bunch of unscrupulous people out there after your money. I wish you a very good luck. 

Thanks, every info is useful. 

Thanks a lot. 

Hi JM,

Just a couple of things to add to the excellent advice from other members.  

The level of ITP (Impuesto sobre Transacciones Patrimoniales), otherwise known as property transfer tax, in Comunidad Valenciana is 10% of the purchase price; for budgeting purposes, you need to add a further 3%-4% to cover legal fees, e.g. lawyer, notary and land registry.  It's the responsibility of the property seller to pay the Plus Valia (a tax on any increase in the value of the land on which the property is built), but sometimes lawyers agree to split this 50:50 with the buyer, so be sure to agree with your lawyer how this will be handled.  By way of example, if you're planning to spend €100k on a property, you need to budget between €113k and €114k to cover tax and buying costs.

If buying on a Community of Owners, check the cost of Community fees.  

If you are planning to rent out your property when you're not using it, don't take the word of the selling agent that this will be possible.  Even if you plan to buy on a community that allows rentals, the Town Hall will have to issue a Certificate of Conformity to ensure your property meets the required standard before you can apply for the required Tourist Licence.

Always engage an independent lawyer, not one who is tied to the selling agent - you need them to be working in your best interests, not the agent.

Do not pay any fees or deposits to a selling agent, especially the so-called "reservation deposit" of, typically, €3,000 - any deposit should be paid to your independent lawyer.  Your lawyer will advise when the legally binding 10% deposit needs to be paid to them.

If you're happy to share your priorities for buying a property, members may be able to steer you towards particular areas or developments within Torrevieja.

Kind regards,

Kim 

Thanks a lot for the information. I’m aware of the cost and taxes beyond the price listed on internet. I want to live in this area ( not for holiday or profit) 
My check list are : No car, walkable areas, cycling areas nearby ( I’m cycling only for exercise purposes not fanatic) . Safe area. 

I’m flexible in my expectation and I will take my time. I’m a turtle 🐢, walk slow, not hurry ☺️

Hi JM,

You don't mention the coast as a priority, so given that you're keen to walk and cycle, I'd recommend you look at San Luis and El Chapparel - both areas are north of the N332 in Torrevieja, but with good local services.  From San Luis, you can cycle north, if you want, as far as Doña Pepa in Quesada, via dedicated cycle lanes and also through the campo.  

I'd recommend looking at www.kyero.com and www.idealista.com, Spain's primary property portals, to get an idea of the type of property available and selling prices.

Kind regards,

Kim

You right. Thanks for your reply. Every data helps 

I  Totally  agree  with Kimmy 11  recommendations   as  I   have a  nice 2 Bed in that area and similar  interests  like yourself  walking  Cycling  and some jogging  and  it a  good area  for Dog  walkers  as there  is some areas I  can  talk my  wee  Dog 🐕  off  the  lead and let her run free.

We  have also got a New 4 million  recreational  Park due to  open very soon, it includes  Outdoor  gym  area, Dog areas, Skate boarding  and a area for Sitting  down  for  leisure, We also got a New Maradona  Supermarket  that opened  2023, plus New Apartment  complex  been built which  will include  A Commercial  centre  made up of  Restaurants  and Pubs and Pharmacy, 

You also  have a Leroy Merlin  and Carrefour  and Habernasa  shopping  complex  near by.

Community fees  are  reasonable 🙂  compared  to Newer  complex  , It  also very flat  landscape  and Internet  supply  is very  good