How to Buy Apartments for Sale in Torremolinos: Step-by-Step Guide 2025
Imagine living in Torremolinos! Right now, there are over 7,255 apartments for sale in Torremolinos waiting for you, including resale properties and 90 new developments.
Finding your ideal apartment in top areas like Los Álamos, La Carihuela, El Bajondillo, or Playamar isn't just about browsing listings. Prices vary greatly: from luxury penthouses of 212 m² in Las Cañas for €1,150,000 to more affordable options starting from €269,000.
Buying a house in Torremolinos is a significant decision that requires careful consideration of your finances and the market situation. Don't worry, the process has its steps, and we'll go through them all together here.
I'll tell you exactly what you need to know to get the apartment of your dreams in Torremolinos. From how much money you need to how to close the deal — let's go step by step on this adventure.
Current Market Status
Have you noticed the real estate market in Torremolinos? Prices have soared by 19% since January 2024. Right now, the price per square meter is around €3,393, although of course, it depends a lot on where you want to buy.
2025 Prices and Trends
See how prices change depending on the neighborhood. Los Álamos takes the lead at €5,358/m², while in the Center you can find bargains at €2,851/m². And in between we have:
- Playamar-Benyamina: €4,507/m²
- El Bajondillo: €4,479/m²
- La Carihuela-Los Nidos: €4,368/m²
2024 was a busy year. Prices have risen by 14.3%, and now the average apartment costs around €283,166.
And you know the best part? If you're thinking of renting, the profitability is spectacular — 11.7%. Rents are sky-high, around €16.88 per square meter per month, after rising 10.62% since January.
Best Times to Buy
Prices are rising, yes, but we haven't yet reached the pre-2008 crisis levels. What does this mean? That there are still juicy opportunities for buyers and investors.
Why is now a good time to buy? Let me tell you:
- Tourism is no longer just seasonal; there's income all year round.
- More and more foreign buyers are interested in the area.
- There's more variety of properties than ever before.
Foreigners are delighted with Torremolinos — and it's no wonder. With 300 days of sunshine a year and an average temperature of 23°C, who wouldn't want to live here?
A tip: properties with sea views and in complexes with a pool always maintain their value better.
The numbers don't lie — in December 2024, the average price reached €3,526/m². And although prices are rising, you can still find bargains in areas like El Pinillo or Montemar. Are you ready to take the plunge?
Preparations Before Buying
Budget Evaluation
Let's talk about clear numbers. Banks only lend you up to 80% of the value. What does this mean? That you need to have saved at least 20% of the price, plus another 15% for extra expenses.
Come on, let's do the math together:
- How much do you earn per month?
- The monthly payment should not exceed 30% of your income
- How much have you saved?
- Don't forget insurance, taxes, and maintenance
Here's an example: for an apartment of €300,000, you need €105,000 in the bank — €60,000 for the down payment and €45,000 for expenses.
List of Essential Requirements
Before you start looking for beachfront apartments, let's make a list of the essentials:
The Technical Stuff (don't get fooled):
- Minimum 14 square meters per room
- Exterior-facing windows in bedrooms and living room
- Air conditioning that works well
- Electrical and plumbing installations in good condition
Essential Documents:
- Up-to-date occupancy certificate
- All permits in order
- Updated energy performance certificate
- Community payments up to date
Conclusion
Right now, Torremolinos is a goldmine for buying. Yes, prices are rising, but you can still find bargains, especially in up-and-coming areas like El Pinillo or Montemar.
Buying an apartment isn't like going to the supermarket; you need to plan everything carefully. First the numbers (how much can you spend?), then check the apartment from top to bottom, all the paperwork, and how the community is doing. Does a professional inspection cost a bit? Okay, but it's better to spend something now than to have regrets later.
The smartest buyers use everything at their fingertips: internet portals and real estate agencies. Why choose just one? With both, you have access to the best offers, and there's always an expert to lend you a hand.
Pay close attention to the final negotiation and the deposit contract — these are key moments where you can't be distracted. My advice? Let yourself be guided by a real estate professional who knows what they're doing.
And yes, buying an apartment in Torremolinos is a significant decision, but if you do it right, it can be the best investment of your life. Are you ready to take the plunge?
FAQs
What is the current average price of apartments in Torremolinos?
The current average price per square meter in Torremolinos is €3,393, although it varies considerably depending on the area. The average value of an apartment is €283,166.
Which areas of Torremolinos are most recommended for buying an apartment?
The most notable areas include Los Álamos (€5,358/m²), Playamar-Benyamina (€4,507/m²), El Bajondillo (€4,479/m²), and La Carihuela-Los Nidos (€4,368/m²). The Center offers more affordable options at €2,851/m².
What documents are necessary to buy an apartment in Torremolinos?
It is essential to have a current occupancy certificate, relevant licenses and permits, an updated energy performance certificate, and proof of up-to-date community payments. It is also important to verify the Building Technical Inspection (ITE) and the Building Evaluation Report (IEE) for properties over 50 years old.
How much money should I have saved to buy an apartment in Torremolinos?
It is recommended to have saved at least 20% of the total property price for the down payment, plus an additional 15% to cover associated expenses. For example, for an apartment of €300,000, you would need approximately €105,000 in savings.
Is it profitable to invest in an apartment in Torremolinos for tourist rentals?
Yes, the rental profitability in Torremolinos reaches a remarkable 11.7%, positioning it among the most profitable areas in Spain for real estate investment. The average rental price is €16.88/m² per month, with an increase of 10.62% since January 2024.
