Newly built homes Torrox Costa - off plan - Albatros

This project is sold out. See project Sea Blue as an alternative.

We highly recommend this affordable project Albatross near the beach in Torrox Costa. A total of 12 apartments. 1-3 bedrooms. The prices are markedly better than the other projects in the same location (most of which have recently sold out), of the same standard that are currently being sold, and which only go up in price with each new phase.

Tip: Recommended for those looking for a house in the Nerja area these houses in this project (one just came back in sold out project),

Albatros is located close to the beach next to the newly built Dunas, Panorama and Marinsa . The beach is on the other side of the N340 road (crosswalk), 200 meters as the crow flies. Around the building is a supermarket and it is close to a cluster of restaurants, shops, pharmacies etc.

Subscribe to our newsletter for Nerja/Torrox/Malaga here. We always post information about new projects, already at an early stage, to our followers. We posted information about this project a couple of months before release and those who expressed interest then received the information, when it was ready, a week in advance.

Update 3/14. Now only two apartments remain. 1 and 7. From €149,5000 We also recommend the 3-bedroom apartment, which is located at the top. €320,000.

Due to the low prices, the beach location (and the excellent floor plans by one of our favorite architects), we consider all apartments to be of interest, but below are some examples:

Example-apartment 2 bedrooms (2C) in frontal position with sea view. €174,900 for 2 bedrooms, 1 bathroom, terrace (7.9 m2). Open kitchen and living room. Total area: 81 m2.

Example apartment with 1 bedroom (2B) and 1 bathroom and terrace of 3 m2. Open kitchen and living room. Total area: 62 m2. Price: €110,000

Example apartment with 3 bedrooms (BajoB). Street plan. 2 bathrooms. Open kitchen, living room. Total area: 122 m2. Price: €184,900.

There is also a duplex apartment with a roof terrace and private pool. 3 bedrooms. 3 bathrooms. Open kitchen. Living room. Total area: 142 m2. It is located in the rear block at the top with a sea view from the roof terrace . €330,000.

Layout Bajo B:

Write to info@spanskafastigheter.se for all floor plans.

• Underground parking is included in the price.
• Kitchen (also including washing machine and dishwasher ) included. Oven, cooker hood, freezer etc.
• All windows are double glazed and can be opened completely.
• The garage has automatic gate openers with remote control.
• Each apartment has a security door.
• The community pool located on the roof of one of the two buildings (the main one) has artificial grass, fantastic sea views with plenty of space for sunbeds.
• Porcelain floor wood imitation.
• Pre-installation TV, Internet etc
• Wall-hung toilets and shower.
• Adapted for the disabled with a lift etc.
• All hot water via Aerothermal system (up to 75% lower electricity consumption) . Centralized A/C) hot/cold (same temperature in each room).
• Taxes and area fees will be low. However, the fee is only determined upon moving in when the association is formed. The property tax is around €4,000 per year for a 2-bedroom apartment.
• As you can see in the pictures below, there are unusually large windows for maximum light in the apartments.

Good buying situation

We would like to compare this project with Colina Alta in Nerja which was launched in the middle of an intense new wave of Covid. The prices were attractive enough to sell despite the uncertain situation, and now some years later construction is progressing faster than expected and there are no similar projects at those prices on the horizon in Nerja. It often pays to buy when it's darkest, just like with shares.

It is also important to point out that the Spanish housing market is in a completely different phase than the Swedish one. Spain broke sales records in the first half of the year and prices have gone up. It is now judged that they are slowing down rather than falling. In terms of new development there will be fewer projects for a period to come, which keeps prices up as demand is still strong (there is a strong desire for newly built homes as the stock starts to wear out). Expect sharp price increases on new development as early as 2024, when it is expected that both inflation and interest rates will go down again.

2019 prices

The Albatros project was launched just as the pandemic broke out in 2022, and the builders then gave all buyers the opportunity to get the reservation back. The prices have basically not changed since then. This means that it is the 2019 prices of the project (the increase in the price is minimal since then)l! The reason for the low prices compared to, for example, Nerja and existing apartments in Torrox is, among other things, that plot prices are much higher in Nerja, and are also rising in Torrox. However, the builders have been sitting on this plot for a long time, bought it cheap. Another important factor is that the builder and the promoter are one and the same, which enables a cheaper price.

Over the years, we have not been exactly effusive in our recommendations regarding Torrox, but with everything positive that has happened there in recent years (with all the new projects, the infrastructure and general beautification of the area has improved markedly) and their great intention to be ” the eastern side's Benahavis" as the mayor put it last summer, we are increasingly positive about Torrox as a municipality to recommend to anyone who wants to live or invest in a Spanish home. We have also noted how the projects that have popped up next to Albatros near the beach consistently receive good ratings from guests on sites such as Booking etc.

New marina and golf course

As previously mentioned, those who govern Torrox, together with the business community and Junta Andalucia, have big plans for this part of the Costa del Sol. In the next few years, they plan to build a new golf course (which will be the area's third in total) in parallel with a new, modern marina.

Distance:

Payment plan : €5,000 plus VAT in reserve. 20% plus VAT (minus the reserve) in case of purchase agreement. 10% plus VAT spread during construction. Any bank loan is only activated upon moving in.

The project has a building license and construction is expected to start in February already. Construction time approximately 18 months.

Reference number : SFalbatross

Prices : €110,000 – €330,000 plus approximately 14% taxes and other charges.

Map:

There is a plot of land with green areas right in front of Albatros. Something may be built here in the future (next to Panorama beach) but it is worth pointing out that there must be 100 meters between the buildings.

There are some other new apartments for sale in Torrox such as Calaceite but these are around €290,000 for 2 bedrooms. However, several of the homes sold in several projects are under production, so there is a shorter waiting time for moving in. The question is, however, do you consider it worth the higher price? Write to info@spanskafastigheter.se and we will go through your possibilities.

Read also:

Guide to Torrox Costa

Overview new development Costa del Sol

Overview new development Nerja

Best buys in Nerja here and now

The Spanish housing market post Covid and inflation

Video : A walk along the beach in Torrox: