New build property prices in Torrevieja, Alicante vary depending on size, type, and proximity to the coast. Across the 111 developments we track in the area, the average asking price is EUR 328,433. Entry-level properties start from EUR 129,500, while premium homes can reach EUR 895,000.
In terms of price per square metre, Torrevieja, Alicante averages EUR 5,078/m2. The typical new build here offers 2 bedrooms and 67 square metres of built area. Available property types include Penthouse, Apartment, Studio, Villa, Bungalow, giving buyers a range of options from compact apartments to larger family homes or luxury villas.
Beyond the purchase price, buyers should budget for approximately ten to thirteen percent in additional costs. These include transfer tax or VAT at ten percent for new builds, notary and registry fees around one to two percent, and legal fees of roughly one percent. Annual running costs in Torrevieja, Alicante typically include IBI property tax, community fees, and building insurance. Properties in Torrevieja, Alicante benefit from being within the Costa Blanca South, which supports strong resale values and rental demand from the established tourist market.
The top-scoring development currently available is Newly built apartments in Torrevieja Just 600 metres from Playa del Cura beach, which offers the best combination of value and quality based on our scoring algorithm. With an average gross rental yield of 4% across the area, many buyers find that rental income can offset a significant portion of annual ownership costs. For the most current pricing, we update our database weekly with the latest figures from developers and agents across the region.