Property Purchase Process in Torremolinos: Complete Guide 2026

Buying a home on the Costa del Sol is a dream for many, but the bureaucracy and local particularities can make it an overwhelming process. Torremolinos, with its unique blend of seafaring tradition and cosmopolitan modernity, has its own rules of the game in the real estate market.

At Pineapple Homes, we know that the key to a successful investment is not only finding the ideal house, but executing a secure purchase without financial surprises. Here is the definitive roadmap to acquire your property in Torremolinos.

1. Financial Planning and a Realistic Budget

Before visiting apartments in La Carihuela or villas in El Pinillo, you must define your investment capacity. In Andalusia, additional costs to the purchase usually range between 10% and 12% of the sale price.

• Transfer Tax (ITP): Currently 7% in Andalusia (with reduced rates for specific groups).

• Notary and Registry Fees: Fees regulated by law.

• Administrative Agency and Legal Fees: Essential for reviewing encumbrances.

2. Legal Requirements for Foreigners

If you are not a resident in Spain, the first administrative step is mandatory:

1. Obtaining the NIE (Foreigner Identification Number): Essential for any economic transaction.

2. Opening a bank account in Spain: To speed up the payment of taxes and utilities.

3. The Search and Due Diligence in Torremolinos

Once the property is selected, our legal team carries out a technical and legal audit to ensure the home is "clean":

• Simple Note from the Land Registry: To verify ownership and the existence of encumbrances or mortgages.

• IBI and Community Fees: Confirm that the seller is up to date with payments.

• Energy Performance Certificate: Mandatory to formalize the sale.

• First Occupancy License (LPO): Vital if your intention is to use the property for holiday rentals on the Costa del Sol.

4. The Deposit Agreement: Securing the Transaction

The Penitential Deposit Agreement is the document where the reservation is formalized. Usually, 10% of the property's value is paid.

Important note: If the buyer withdraws, they forfeit the deposit; if the seller withdraws, they must return double the amount received.

5. Signing the Public Deed before a Notary

The process culminates at a notary in Torremolinos or Málaga city. At this act:

• The notary certifies the legality of the transaction.

• The final payment is made (usually by nominative bank checks).

• The keys are handed over.

6. After-sale: Registration and Utilities

After signing, do not forget to:

• Settle the ITP within a maximum period of 30 days.

• Register the property in the Torremolinos Land Registry.

• Change the ownership of water, electricity and community services.

Looking to buy in Torremolinos with complete security?

At Pineapple Homes we don't just look for properties; we manage your peace of mind. We know every neighborhood and every local regulation so that you only have to worry about enjoying the sun.

Contact our experts at Pineapple Homes and we will take the first step together.