Skip to content
Get the Guide

The cost of owning a home in Torrevieja

Last updated:

Non-resident income tax (Modelo 210). Non-resident owners may owe tax on imputed income for the days a home is available for their own use, even if it produces no rent. The imputed income is 1.1% or 2% of the cadastral value, depending on the property’s cadastral history: ask your tax adviser which applies. The rate is 19% for tax residents of another EU country, Norway, Iceland or Liechtenstein, and 24% for everyone else, including residents of the United Kingdom since Brexit (Agencia Tributaria (opens in a new tab)). On a hypothetical cadastral value of €200,000, for a full year, that is about €418 (EU) or €528 (UK) a year at 1.1%, and €760 or €960 at 2%. Filed annually.

Rental income is taxed at the same rates; owners resident in the EU or EEA may deduct proportional expenses, others generally cannot.

IBI, the council tax, is set by Torrevieja at 0.4% of the taxable base derived from the cadastral value for urban property, as stated in the town’s 2026 budget report (Ajuntament (opens in a new tab)). It is not 0.4% of the price you paid. The municipal ordinance includes reliefs for large families and certain solar installations, subject to conditions. Ask for the latest IBI bill for any home you consider.

Community fees depend on the development and its services. Examples stated in idealista listings checked on 26 October 2026:

PropertyMonthly fee
Apartment, 80 m², Playa del Cura€39 (opens in a new tab)
Apartment, 122 m², Playa del Cura€70 (opens in a new tab)
Bungalow, 73 m², Los Balcones€71 (opens in a new tab)
Individual listings, not area averages. Pools, lifts, gardens and parking all affect the fee.

If you plan to let the property. In the Valencian Community, tourist letting of a whole home for stays of up to ten days is regulated by Decreto-ley 9/2024 and subsequent amendments. Registration normally lasts five years, with renewal requiring a new responsible declaration and an updated favourable municipal planning report. A change of ownership after 8 August 2024 generally requires a new declaration and planning report, even for an already registered home. Inherited properties follow a simplified procedure, requiring a declaration of the change of ownership. The tourism operator must also hold appropriate civil liability insurance. Tourist letting of individual rooms is not allowed (Decreto-ley 9/2024 (opens in a new tab); Ley 5/2026 (opens in a new tab), article 194). Torrevieja publishes a specific procedure for the planning-compatibility report (Ajuntament (opens in a new tab)). Since April 2025, starting new holiday letting in a building with a community of owners also requires the prior approval of three fifths of the owners and of the ownership shares. Lets of eleven days or more fall outside that definition but are subject to other rules.

On sale, non-residents pay capital gains tax at 19% on the taxable gain; the buyer withholds 3% of the price as an advance payment, and is responsible for the municipal plusvalía as substitute taxpayer when the seller is a non-resident individual.

Inheritance. The Valencian Community provides a 99% reduction in the inheritance-tax liability attributable to declared assets inherited by close relatives in groups I and II. Non-resident heirs may also be able to apply Valencian rules, depending on the applicable territorial connection rules. Take advice.

General information, not advice. Rules change and each case differs. Confirm your position with a Spanish lawyer or tax adviser before you commit.

Property enquiry

Tell us what you are looking for

Share a few details and we will reply with practical next steps. If it makes sense, we can introduce you to local property professionals. There is no obligation.

What happens next

  1. We read your enquiry and reply by email.
  2. If you agree, we introduce you to selected local property professionals.
  3. You decide if and when to take the next step.

Discover Torrevieja is not a real estate agency and does not carry out real estate intermediation. With your consent, property enquiries may be introduced to selected local property professionals, who may pay us a fee.

  1. About you
  2. Your plans

Step 1 of 2: about you

Start typing to search.

Introductions are free for you. We may receive a fee from the professionals we introduce you to.

We use your details only as described in our Privacy Policy.

Free guide

The International Guide to Living & Buying in Torrevieja

A clear introduction for people who are seriously considering Torrevieja. Written for international families and for active buyers over 55. No sales pressure.

What is inside

  • How daily life works: services, healthcare and schools for new residents
  • The buying process in Spain, step by step, including the Valencian costs on top of the price
  • The main areas of Torrevieja, from the centre and La Mata to the lagoon-side urbanisations and Punta Prima, and who each one suits
  • Torrevieja and the Costa del Sol compared, for living and for buying
  • Residency, practical paperwork and a checklist for your first visit

Get the free guide by email

Start typing to search.

We send the guide by email. You can unsubscribe at any time.

We use your details only as described in our Privacy Policy.