The Torrevieja real estate market continues to grow. The city, which a few years ago was considered one of the most affordable resort destinations on the Costa Blanca, is gradually moving into a higher price segment. The number of buyers is increasing, quality properties by the sea are in short supply, and foreign demand remains one of the main drivers of the market.

Against this background, a natural question arises: is it worth buying property in Torrevieja now or is it better to wait for prices to drop?

What is happening with real estate prices in Torrevieja

According to Idealista data for July 2026, the average cost of real estate in Torrevieja is about €2,560 per square meter. Over the past twelve months, this figure has increased by approximately 13.8%. In June, the average price was at €2,558/m², and the annual growth reached 14.4%. (Idealista)

It is important to understand that the portal’s statistics reflect the asking prices stated by sellers in listings. The final transaction price may be lower after negotiations, inspection of the property condition, and evaluation of the market situation.

Nevertheless, the stable trend shows the overall market direction: real estate in Torrevieja continues to appreciate, and properties with good locations are less frequently available for long.

Why prices keep rising

The increase in property prices is linked to several factors.

One of the main factors is strong international demand. In the first quarter of 2026, foreign buyers accounted for about 43.5% of all registered housing transactions in Alicante province. By comparison, in Spain overall, the share of foreign buyers was about 13.9%. (Corpme Web Institucional)

Torrevieja is especially popular among buyers from Northern and Central European countries. They are attracted by the climate, developed infrastructure, beaches, international community, and the opportunity to buy property cheaper than in many other popular Spanish coastal cities.

The market is also influenced by population growth. According to preliminary data from the Spanish National Institute of Statistics, in 2025 Torrevieja was one of the leaders among large Spanish cities in terms of population increase, with growth of approximately 4.6%. (INE)

Additional pressure comes from limited supply. Land near the sea is becoming scarce, building new residential complexes takes time, and the most liquid apartments and houses quickly find buyers.

How much does property cost in different areas of Torrevieja

The city average price does not show the full picture. Property prices vary significantly depending on the district, distance to the sea, condition of the building, presence of a pool, terrace, parking space, and window views.

One of the most expensive areas remains Playa de los Locos, where the average asking price approaches €2,999/m². In Los Balcones and Los Altos del Edén the figure is about €2,985/m².

In the districts of El Acequión and Los Náufragos, the average price is approximately €2,789/m². In Nueva Torrevieja and Aguas Nuevas, properties are offered on average at €2,772/m².

More affordable options can still be found in Playa del Cura, where the average price is about €2,429/m², as well as in the city center with an average of about €2,177/m². (Idealista)

However, comparing properties solely by price per square meter is insufficient. A renovated apartment in a modern complex can cost significantly more than the area's average. Conversely, a property without an elevator, parking, or requiring major repairs may be sold for less.

Which properties appreciate faster

The most stable demand is for one- or two-bedroom apartments close to the sea, modern residential complexes with pools, and properties with spacious terraces and parking.

Buyers increasingly look for homes that do not require lengthy renovations and are ready to live in or rent out immediately after purchase. Therefore, the price gap between a well-renovated apartment and a property in its original condition continues to widen.

New developments form a separate segment. Their prices are usually higher than secondary housing, but buyers are willing to pay more for modern layouts, energy efficiency, gated communities, and new engineering systems.

Is it worth waiting for prices to drop in 2027

A sharp decline in real estate prices in Torrevieja in the near future does not currently seem the main scenario. In the first quarter of 2026, housing prices in Spain continued to rise, and the average registered price per square meter reached a new historical high. At the same time, transaction volume remained high despite a slight quarterly decrease. (Corpme Web Institucional)

This does not mean prices will grow at the same rate indefinitely. After rapid price increases, the market may shift to a more moderate pace. Some overpriced properties may stay on the market longer, and buyers will become more cautious comparing offers.

However, waiting for a general market decline carries its own risks. While a buyer waits, the most attractive properties may increase in price or disappear from the market. Additionally, price growth may exceed potential benefits from better mortgage conditions in the future.

Therefore, the decision should be made not only based on market forecasts but also considering the purpose of purchase, budget, and ownership term.

Who should consider buying now

Purchasing in 2026 may be justified if the property is intended for permanent residence, long-term vacation, or investment over several years.

It is especially important not to delay the decision for buyers who have already found a property with a good location, reasonable market price, and suitable characteristics. Quality apartments near the sea, houses with private plots, and modern properties in sought-after areas appear in limited numbers on the market.

If the property is purchased solely for quick resale, caution is advised. After a period of active growth, one should not expect equally high price increases every year.

What to check before buying

Before making a reservation, it is necessary to study not only the price but also the legal and technical condition of the property.

You should verify ownership rights, presence of debts, conformity of the actual layout with registry and cadastre data, current restrictions, community fees, and the possibility of obtaining a tourist license if the property is bought for short-term rental.

It is also important to calculate the full cost of the transaction in advance. Besides the property price, the budget includes taxes, notary and registration fees, legal support, bank commissions, and possible repairs.

A professional appraisal helps to understand whether the price corresponds to the condition of the building, neighborhood, and current market offerings.

Buy now or wait

There is no universal answer for all buyers. If you plan to own the property for several years, have found a suitable option, and have a comfortable budget, waiting may not bring significant benefits.

If the offer is overpriced, the property requires major repairs, or the purchase creates excessive financial strain, there is no need to rush. New options constantly appear on the Torrevieja market, and it is more important to choose liquid real estate than to buy as quickly as possible.

The main principle of the 2026 market is to evaluate not only the average price per square meter but also the real value of the specific property. The district, building condition, terrace, parking, distance to the sea, and future demand may be more important than overall statistics.

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