Torrevieja New Build at €259K: The Full Breakdown

New builds in the Valencia region pay 10% VAT (IVA) plus 1.5% stamp duty (AJD), totalling 11.5% in tax. Resale properties pay 10% transfer tax (ITP) and no stamp duty. The new-build route costs 1.5 percentage points more in tax, but you get a 10-year structural warranty, zero renovation budget, and an energy-efficient building. That trade-off usually pays for itself within two years through lower maintenance and utility costs.

Non-residents can finance up to 70% of the purchase price. On €259,000, that's a maximum mortgage of €181,300, leaving you with roughly €112,000 in equity needed to close.

A 3-bedroom apartment in central Torrevieja commands €200-260 per night during peak season (June through September) and €80-115 in the quieter months. Torrevieja's winter advantage shows up here: long-stay bookings of 4-8 weeks from Northern Europeans fill the gap that most coastal towns can't cover. At realistic occupancy rates (70% summer, 45% shoulder, 25% winter), gross annual rental income lands between €20,000 and €24,000.

After annual running costs of €5,750-6,350, net income sits at €14,250-17,650. That's a 5.5-6.8% net yield on the purchase price, or 4.9-6.0% on total investment including buying costs.

Most competing apartments in Torrevieja are older resale buildings from the 2000s without communal amenities beyond a basic pool. A rooftop Finnish sauna and mini pool photograph well and justify a higher nightly rate. On Airbnb, the first three photos determine whether someone clicks or scrolls past. Rooftop shots with sea views convert.

The energy rating matters for long-stay guests. A winter booking of 6-8 weeks means the heating runs daily. An energy B building with underfloor heating in bathrooms costs significantly less to run than a 1990s apartment with portable heaters. Your guests notice, and it shows up in reviews.

New-build maintenance is predictable. You won't face a surprise €3,000 plumbing repair or a community vote to replace the building's facade in year two. The 10-year structural warranty from the developer covers the expensive failures. For the first 5 years, budget €500/year for maintenance. A resale apartment of the same size typically runs €1,500-2,000.

At €259,000, this is one of the more accessible entry points into the Spanish coastal property market with a genuine return profile. The total investment of €293,000 is achievable with €112,000 in equity if you finance at 70% LTV.

With a €181,300 mortgage at 3.5% over 25 years, monthly payments come to roughly €905, or €10,860 annually. Net rental income of €14,250-17,650 covers those payments and leaves €3,400-6,800 in positive cash flow per year. That's before any capital appreciation.

The property also works as a dual-use investment. Generate rental income when you're not there, and use it yourself during low season when yields are lowest anyway. Three bedrooms means you can bring family without feeling cramped.

For a full breakdown of buying costs and taxes in Spain, check our guide. If you're comparing financing options, our mortgage and finance guide covers non-resident terms and current rates.