Torrevieja 'among the top property markets in Spain'

The holiday resort of Torrevieja on Spain's south-eastern coast boasts one of the highest rates of property sales in the country.

Round Town News revealed that data published by Spain's National Statistics Institute (INE) put the destination in the top ten locations for real estate transactions, among the likes of Madrid, Barcelona, Zaragoza and Sevilla.

The publication noted that in the first quarter of the year, 672 sales were completed, which compares favourably to places such as Bilbao - with 675 transactions - and Zaragoza, where 737 properties were sold.

Although the news provider stressed that this is a far cry from its more popular days, there are other indications that Torrevieja and the surrounding area may be faring better than other parts of Spain.

Chris Mercer, founder of Mercers estate agency in Murcia - a city inland of the beach resort - recently reported a "small but steady increase" in the number of transactions taking place over the past year and a half.
 

Like this? Then share with your friends and colleagues!