Local News on Real Estate and Investments

ORIHUELA — €480,000 tax evasion sentence A court in Orihuela has issued a ruling in a €480,000 tax evasion case. The proceedings were handled as an economic crime. The court ordered restitution of the unpaid amounts.The case highlights strengthened fiscal oversight in the region. Financial transparency remains essential for investors.Authorities continue monitoring tax compliance.

TORREVIEJA — +12% property sales, average price €2,409/m² In January 2026, 214 property transactions were registered in Torrevieja. This represents a 12% increase compared to the previous year. The average price reached €2,409 per square metre. Annual price growth is estimated at around 15–16%. Foreign demand continues to drive the market. Real estate remains a key investment sector in Vega Baja.

PILAR DE LA HORADADA — €18.4 million municipal budget The municipality approved a €18.4 million budget for 2026.Part of the funds will support infrastructure projects. Urban improvements are included in the financial plan. The budget shapes the municipality’s annual development. Public investment affects residential attractiveness.Infrastructure remains a strategic priority.

BIGASTRO — 2.3 MW solar power plant A 2.3 MW photovoltaic plant is under development in Bigastro. Total investment is estimated at €3.8 million. The installation covers approximately 4 hectares.Commissioning is planned for this year. The project strengthens renewable energy capacity. Energy investments enhance regional sustainability.

DOLORES — €4.1 million medical centre project A new healthcare centre is being built in Dolores with an investment of €4.1 million. The building will cover around 1,200 m². The project is financed by regional health authorities. It will improve primary care services. Healthcare infrastructure supports long-term property value. Social stability strengthens investment appeal.

SAN MIGUEL DE SALINAS — 3.5% increase in IBI tax The municipality approved a 3.5% increase in IBI.

IBI (Impuesto sobre Bienes Inmuebles) is Spain’s annual municipal property tax.It is paid by the registered owner as of January 1 each year. Revenue goes to the local Ayuntamiento budget. Funds support roads, lighting, schools and public services. Payment usually takes place between May and October.It is calculated as: Cadastral Value × municipal rate.Cadastral value is typically 2–3 times lower than market value. Rates range between 0.4% and 1.3%. With a cadastral value of €100,000 and 0.5% rate, tax equals €500 annually. Discounts of up to 50% may apply. Late payment may lead to penalties of up to 20%.

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