There are many resorts on the Costa Blanca where you can buy a villa or a house, still most foreigners choose Torrevieja because of affordable housing prices. Let us compare prices in some of the most famous resorts of the Costa Blanca. In Altea, the average price per square meter is € 2,254, in Benidorm - € 2,246, in Moraira - € 2,689, and in Torrevieja - € 1,405 per square meter!
A three-bedroom townhouse with a terrace and a community pool can be purchased in Torrevieja starting at 90,000 euros. For 165,000 euros, you can even buy a private detached house with a small private garden, terrace and communal pool. For 275,000 euros, you can become the owner of a modern villa with a garden and a private pool in a closed residential complex within walking distance to the beach.
What do you do if you really want to buy your own villa or house in Torrevieja but you do not have enough savings? Now is the right time to apply for a mortgage, because the rate on interbank loans (Euribor) has been negative for more than two years in a row, and according to the experts, lending rates will remain relatively low in the next couple of years. The average fixed mortgage rate today is 2.35% while the floating rate is E + 0.89%. The choice is yours.
Torrevieja has been a long-time favourite of the British expats. Currently, there are about 4,431 registered Britons living in the town. There are some good British schools like El Limonar International School Villamartín or Phoenix International, where kids can do the official Cambridge English exam. There are English cinema nights, British restaurants, and English newspapers in Torrevieja. If you do not speak Spanish, it will be easier for you to adapt to a new life as an immigrant in Torrevieja.
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