Login

Register

Forgot Password?

...t lakes. One of these salt lakes is an officially protected area. The nature reserve around the lake is untouched and is a splendid area for hiking. It is also a popular “rest area” for birds flying between northern and southern Europe. In addition, there are often large flocks of flamingos on the lake. From the other “working salt lake” 600-700.000 tons of salt is produced annually. This salt lake is also known for its spectacular colour. When the sun is shining on the water in the daytime, the water appears to be a spectacular purple/reddish color. The name Torrevieja means “Old Tower”. In 1802 the tower was the only building in the area, known today as Torrevieja. In 1803 authorization was given for construction and the extraction of salt from the lakes. In 1829 everything was destroyed by an earthquake. However, the area was quickly rebuilt, and salt production could continue. The area around Torrevieja is very popular with tourists due to the microclimate, which gives annual average temperatures of approx. 21 degrees C, and between 300 and 330 days of sunshine a year. The mountains in the area are about 10 to15 kilometres inland, where the coastal plain gives way to a hilly, upland area. This mountainous zone combined with the large salt lakes, the Mar Menor Sea and the Mediterranean Sea results in evaporation of the clouds over Torrevieja. Clouds can often be seen around the inland mountains, while the coastal area basks in the sunshine. Torrevieja’s inhabitants and tourist visitors may enjoy the beautiful beaches and wide promenade, with restaurants, cafes, shops and spectacular views. Along the promenade there are many pleasant sandy beaches. The promenade was extended in 2011, so that it now goes from La Marina to the end of Playa del Cura. In Torrevieja centre you will find a wide range of shops catering for all needs and interests. In addition, there are several shopping centres. The largest shopping mall in Torrevieja is Habaneras, located 2 kms from the centre of town. Here you will find numerous shops, hairdressers, restaurants, etc. There is free parking in the basement of this large shopping centre, which takes into account the good weather, where visitors can shop in the open air. Beside Habaneras, there is a cinema, bowling alley, casino, supermarkets, restaurants and the large Aquapolis water park in the same area. In recent years Torrevieja has given athletes and sports enthusiasts great opportunities. At the sports centre, one finds a large indoor hall for the town’s handball team with room for 5,000 spectators, a large swimming pool with 50 metre pool, several football pitches with excellent facilities, 12 paddle tennis courts, 8 tennis courts and a tennis court with seats for spectators, an indoor activity building with squash, aerobics, zumba etc., a rugby / football pitch with artificial turf and spectators area. The new sports area, which is to be extended even further, has the well-deserved name “Sports City”.

...: Depending on the purchase price, stated in the official deed, their fee will amount to a sum between € 600,- and € 875,- . A notary holds a public office and so these amounts are regulated. - Registration of the property: This is also regulated and, depending on the price of the property, the cost will be between € 400,- and € 650,- . - Transfer taxes / VAT: 10% of the purchase price:For newbuild this is VAT (IVA in Spain), for resale properties this is a transfer tax or ITP (Impuesto sobre las Transmisiones Patrimoniales). There are exceptions at lower rates, but these are extremely rare for 2nd residencies. - Stamp Duties (Actos Jurídicos Documentados or IAJD):These taxes are charged on new properties and they are calculated on the notary fee and on the registration tax. Every autonomous community has its own rates. These are between 0,5% and 1,5% of the purchase price. PURCHASE OF A PROPERTY IN SPAIN WITH A MORTGAGE - Valuation costs and administration costs:To obtain a mortgage, the property will have to be valued. The average cost for a valuation would be between € 250,- and € 600,-. Be aware that most banks will charge administration costs. These will of course vary from one bank to another. - Registration taxes and notary fees:Like the property itself, the mortgage too will have to be registered. Naturally, you will have to count with the applicable registration taxes and notary fees. We keep in mind that you have to take into account about 13% of costs on the purchase of a resale property on the Costa Blanca and in the Comunidad Valenciana an about 14,5% for a newbuild.