One of the most common mistakes foreign buyers make when purchasing property in Torrevieja or anywhere else in Spain is focusing solely on the asking price. However, the true cost of a purchase goes far beyond the advertised amount. Taxes, administrative fees, and other expenses can significantly increase the final budget if not factored in from the outset. The first major expense is the taxes associated with the purchase. If you buy a resale property, you'll have to pay the Property Transfer Tax (ITP), the rate of which varies depending on the autonomous community. In the Valencian [...]