Torrevieja, the city with the most property sales that isn’t a province capital

Torrevieja is and has been a popular destination for the tourist residential market for some time.

Real estate torrevieja

At the height of the property boom, numerous properties were sold on a weekly basis, and prices were probably double the amount as they are now.

After the market crashed in 2008, Torrevieja and other surrounding cities were left with a gaping hole with regards to property purchases, with many businesses forced to close and prices crashing.

Today, things have taken a huge turn for the better and the property market is once again in an upward trend.

residential market torrevieja

Torrevieja is the first city that is not a province capital, with the greatest amount of property for sale in Torrevieja.

With a total of 1,416 purchases between January and March this year, it beats large cities like Malaga, Alicante or Zaragoza in the number of property sales for the same period.

Only large cities like Madrid, Barcelona, Valencia, and Sevilla have registered more property sales than Torrevieja for the first quarter of the year. And figures of property for sale in Torrevieja are expected to rise even more over the next few months, considering the reactivation of demand by foreign buyers.

The number of property for sale in Torrevieja that took place during the first quarter of 2015 was registered at 848. One year later, that figure rose to 1,416, which is an enormous increase of 66%. The average across Spain is 20%.

We think the increase is also due to the construction of modern new built properties along the Costa Blanca.

real estate in Spain
Costa Blanca

In the province of Alicante, where Torrevieja is located, only the city of Orihuela comes close to this figure, with 1,026 property sales registered for the first three months of the year.

In fact, between the cities of Torrevieja and Orihuela, a total of 2,442 property sales make up 65% of the total for the entire province.

property for sale in torrevieja