On the map
Torremolinos is the most popular resort town on the Mediterranean coast of Spain, 12 km away from Malaga. The climate is Mediterranean: summer is hot, cloudy, winter is wet, cool, windy. The average annual temperature is +17.5 degrees Celsius.
The huge attractiveness of the city among guests and investors has led to the rapid development of the resort. Now the economy of Torremolinos is based on tourism, trade, transport. Banking, insurance services, etc. are well developed too.
Attractions:
- bullfighting arena,
- authentic fishing village,
- aquapark,
- Botanical Garden,
- a park,
- crocodile farm.
Why is it profitable to buy an apartment in Torremolinos in a new build
The city is quite lively and cosmopolitan. Its population is multicultural, consisting mainly of citizens of Great Britain, Germany, the Netherlands, France, and Scandinavian countries. El Calvario, El Bajondillo, La Carihuela are considered traditional urban areas. The beach strip, equipped with everything necessary for swimming and water activities stretches for 6 kilometers.
It is more convenient to visit the beach from the city center, located on a mountain range, through municipal elevators. The resort is known for its vibrant nightlife in an atmosphere of bright colors and dance melodies. The population of the city during the holiday season increases several times due to tourists. Playamar is the most modern and developed part of the city; there are many new builds there. Residential complexes are being built with security and their own entertainment infrastructure. Bajondillo is the central part of the city, where there are more tourists renting accommodation in hotels, visiting restaurants and bars.
Real estate in Torremolinos in the new builds for sale is traditionally in great demand, and prices are rising. Residential complexes in Torremolinos consist of apartments and townhouses. New builds for sale in Torremolinos from the developers meet the most stringent European requirements in terms of quality, which is confirmed by buyers in the reviews. Buying a new development in Torremolinos has significant advantages:
- new communication technologies, convenient layouts, modern infrastructure facilities,
- popular with tenants
- liquidity of the properties.
The cost of the apartments in Torremolinos from the developers
According to the real estate search platform GEOLN.COM, it is possible to buy an apartment from a developer in Torremolinos at a price of 2,074 euros per 1 sq.m. It is important to monitor price dynamics and use only up-to-date information.
Sale of apartments from developers (nuances)
When deciding to buy real estate in Torremolinos in a new home, you should take into account the professionalism of the developer, study the documentation about the residential property. The GEOLN.COM website (with a convenient search interface) helps the investors to get the best deal, since it presents a catalog of objects in the new homes for sale, as well as different offers from proven developers with profitable promotions.
The official document confirming the transaction is Escritura. It is signed by the parties in the Notary's office in the presence of a notary who is a representative of the Registration Chamber.
Purchasing an apartment in a new development in Torremolinos is a respectable and profitable investment for the purpose of obtaining a high rental income, living in one of the best resort cities in the world with a well-established infrastructure, located on the most popular Mediterranean coast near Malaga.
Prices per sq. m. in popular districts of Torremolinos
| District | Price from |
|---|---|
| Casa de la Cizana | 2,300$ / m2 |