Torremolinos was for a long time one of the most popular towns on Costa del Sol. Then the town declined significantly. In recent years, however, the town has developed in a positive direction and has abandoned, as andalucia.com put it, “its Monthy Python … and chips image”. Torremolinos is once again an attractive coastal town with nice beaches, and a wide range of hotels and restaurants.
The future also looks very bright for the area since it was clear that “Intu Costa del Sol” in Torremolinos is planned to become the world's first "global resort ", a gigantic (235,000 sqm ) and innovative melting pot for art, relaxation, wind tunnel, rock climbing simulation, etc., shopping center, focus on food experiences, beach club, casino, as well as large areas dedicated exclusively to children, including a funfair. There will also be 2 hotels, a concert arena by the sea, over 70 restaurants, 262,000 sqm of green spaces inspired by “Central Park, but with the lushness of the Mediterranean and proximity to water”, conference facilities, Spain's largest urban farm, water-land, etc. etc. Intu Costa del Sol is ready for inauguration already in 2023. This investment will cost 800 million € and the Corona crisis did not stop it. It was hammered through that it will continue already in May, before the quarantines were released. This part of Spain is expected to become one of Europe's most popular tourist destinations.
New Development in Torremolinos
19 townhouses located about 10 minutes walking distance from the beach in the Los Alamos area outside Torremolinos. Good connections by both bus and train. It takes about 5 minutes by train to and from Malagaairport.
Open floor plans, 3 bedrooms and 2 bathrooms, private parking, community pool. Gated community.
Alegra is located in a very quiet area but close to the sea, town center and golf course. It is also a short distance from the popular shopping and entertainment town center Plaza Mayor.
SQM : From 115 to 127 sqm
Reference : SF Alegra
Price : €270,000 to €310,000
Released February 2020.
More about buying a home in Torremolinos
However, despite intu, the city is not yet close to attracting the same level of interest from investors as Nerja on the eastern Costa del Sol, or Malaga City. However, the prices for a nice home in the sun are somewhat better here, especially compared to Marbella. Read more about Torremolinos further down in the article. First, however, we want to go through some homes for sale in the area, so that you can get an overview of the supply and prices of properties right now.
Note: Older article below with some example properties for sale in Torremolinos as well as facts and a short guide to the area at the bottom.
Apartments and houses for sale in Torremolinos
Modern townhouse just opposite La Carihuela
Divided over two floors, this townhouse has 3 bedrooms and 2 bathrooms. Nice views from the terrace. The area has gardens and a swimming pool. Only 10 minutes to La Carihuela beach. Built Area : 116 sqm .
Price: 224 000 €
Reference : SF2393525
3 bedroom apartment in Montemar
Nice apartment with 3 bedrooms and great sea view , located in Montemar, right next to the famous Parque de la Batería. Terrace in southwest position (11 sqm ). 700 meters to the beach, 400 meters to the city. Close to bars, restaurants, shops etc. 450 meters from the train station.
3 bedrooms, living room and kitchen with open-plan layout , private terrace, underground parking, storage room . Built Area : 99 sqm , Community fee: €80 per month. IBI tax: €1057 per year. Year Of Construction : 2002. A good rental property .
Reference: SF2901782
Price: 219 000 €
Duplex by the sea – 3 bedrooms
A few words about bank repossession in Torremolinos
As far as bank repossession in Torremolinos is concerned, the supply has more or less dried up completely. At the time of writing, there are only 6 apartments and houses for sale in the largest (La Caixa) bank's database of properties. None of these are to be recommended. Should an attractive bankruptcy property come out in Torremolinos , we will list it directly in our newsletter (it covers the entire western Costa del Sol). Subscribe to the newsletter here.
Facts Torremolinos:
- The city is located only 7 kilometers west of Malaga so it is close to the airport.
- Train connections take you directly to the airport in 10 minutes or to Malagatown center in 15 minutes. Fuengirola is also only 15 minutes away by train. Guide Fuengirola.
- The sleepy little fishing village Torremolinos was the first to develop into a tourist resort on Costa del Sol, this development taking place as early as the early 1960s.
- The city mainly attracts tourists in the summer months, and then mainly a younger crowd. During the winter months, however, Torremolinos has a completely different, slightly more relaxed aura.
- The city, which can basically be considered a suburb of the growing city Malagawith a population of over one million, has a very international aura overall when it comes to its range of restaurants and shops.
- The most popular street is Calle San Miguel, which is lined with modern shops and restaurants.
- The historic fishing district of El Bajondillo is also a very popular area.
- The Paseo Maritimo promenade now extends from Playamar in the east as far as Benalmadena MarinaThe stretch towards the old fishing village of La Carihuela offers very beautiful views of the sea and the dramatic cliffs.
- Torremolinos has long had a bad aesthetic reputation due to its many ugly, high-rise buildings. However, this has been compensated for by establishing many parks and other green areas. In fact, over 1000 different species of trees have been planted in the city, ranging from magnolias to banana trees. On the outskirts of the city there are forests with barbecue areas, framed by beautiful watercourses.
- There are several golf courses near Torremolinos, such as Alhaurin and The Parador.
- Spain in general has broken one tourist record after another in recent years, and Costa del Sol in particular is the locomotive of Spain's tourist victory train.
- Torremolinos with its history and strategic location, close to dynamic Malaga, clearly has a bright future ahead of it.
