Torremolinos beachfront and the La Carihuela seafront promenade

Costa del Sol · Málaga

Torremolinos: buying, living & renting

The closest resort town to Málaga Airport — long beaches, the old fishing quarter of La Carihuela, and one of the most open, lively communities on the coast. Here's how to buy and live in Torremolinos, from a team that has worked this coast since 1996.

~10 min

To the airport

7 km

Beaches

320 days

Sunshine

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Torremolinos beachfront and the La Carihuela seafront promenade

For sale

Homes for sale in Torremolinos

“Local expertise since 1996 — from the first viewing to the keys.”

~10 min

To the airport

7 km

Beaches

Budget

Buying costs, explained ›

Just visiting?

Torremolinos travel guide ›

Living in Torremolinos

Torremolinos was the town that started the Costa del Sol tourism boom, and it has aged into something more interesting than its 1960s reputation: a genuinely diverse, welcoming, year-round town that happens to sit right next to Málaga Airport. For anyone who values connection, that proximity is hard to beat — roughly ten minutes to the terminal and directly on the Cercanías C1 train line into Málaga city and along the coast, so you can live here without a car and travel easily.

The town has two faces that buyers love. There's the buzzy, cosmopolitan centre around Calle San Miguel and the Plaza Costa del Sol, and then there's La Carihuela — the old fishing quarter, a low-rise seafront neighbourhood famous for its espeto sardine grills and some of the best seafood on the coast. Torremolinos is also one of Spain's most open and inclusive towns, with a strong international and LGBTQ+ community and a real sense of welcome that keeps people coming back — and buying.

Everyday life

  • La Carihuela — the old fishing village turned seafront promenade, chiringuitos and long beaches; the town's most characterful spot.
  • The centre — Calle San Miguel's shops and terraces, Plaza Costa del Sol, and the Cuesta del Tajo steps down to Bajondillo beach.
  • Beaches — Bajondillo, Playamar and Los Álamos run for kilometres, with a full seafront promenade.
  • Getting around — the C1 train and the airport on your doorstep make Torremolinos one of the easiest towns on the coast to live in car-free.

Neighbourhoods of Torremolinos

La Carihuela

The old fishing quarter and the town's most sought-after address — a low-rise, seafront neighbourhood with a village feel, a long promenade and legendary beachfront restaurants. Mostly apartments; strong holiday-let and lifestyle demand. Ideal for buyers who want character and the sea on their doorstep.

Town centre & El Calvario

The lively heart around Calle San Miguel and the Plaza Costa del Sol, plus the older El Calvario quarter. Walkable, well connected to the train, and full of everyday life. A practical choice for year-round living and long-term letting.

Playamar & Montemar

Beachfront apartment districts east and west of the centre — many with pools and sea views, a short walk to the sand and the promenade. Popular for second homes and holiday rentals that want beach access with a calmer setting than the centre.

Los Álamos

The eastern end towards the airport — long, open beaches, a more relaxed feel and some newer stock. Known for its beach clubs and space, and handy for anything airport-related.

Buying in Torremolinos

Torremolinos is overwhelmingly an apartment market, and that plays directly to its strengths as a rental and second-home town: compact, well-connected homes near the beach and the train, with prices that generally represent good value against its glossier neighbours to the west. La Carihuela and the beachfront command the premium; the centre and inland offer more for the money.

The combination of airport proximity, the train, and a strong year-round community gives Torremolinos an unusually flexible investment case — a home here works as a summer let, a long-term rental or an easy lock-up-and-leave. We know which blocks catch the sea view, which communities are well managed, and where the rental demand actually concentrates, which is the detail that turns a fair buy into a good one.

Available now

Property for sale in Torremolinos

homes currently listed — updated live from our books and the MLS.

View all in Torremolinos ›

Renting and holiday lets in Torremolinos

Few towns on the coast rent as reliably as Torremolinos. Its holiday-let demand is broad and long — beaches, nightlife, the airport and its reputation as an open, welcoming destination keep visitors coming across the calendar — and long-term demand from residents is steady thanks to the town's amenities and transport. La Carihuela and the beachfront are the standout short-let performers; the centre anchors long-term letting.

To let short-term you must register the property as a vivienda con fines turísticos (VFT) with the regional tourism authority before advertising, meet the standards, and check your community of owners' rules. We check all of this before you buy and handle the registration for our owners, keeping each licence private.

The buying process for foreign buyers

  • NIE number — your Spanish foreigner's tax ID; we help you get it.
  • Independent lawyer — searches, community and debt checks, deposit protection. Essential and separate from the agency.
  • Costs on top — roughly 10–13%: transfer tax (ITP) on resales or VAT + stamp duty (AJD) on new-builds, plus notary, registry and legal fees.
  • Mortgages — non-residents can usually borrow up to around 70% of value.
  • Notary & completion — signing the escritura before a notary, who registers it.

We coordinate the lawyer, notary and bank in your language. See our journal on the NIE and buying process, mortgages for non-residents and the Málaga market.

The cost of buying (and owning) in Torremolinos

Beyond the asking price, buying on the Costa del Sol carries a predictable set of taxes and fees. As a rule of thumb, budget around 10–13% on top of the price. Here's the detail, current for 2026.

Purchase tax (resale)

ITP 7%

New-build

10% IVA + 1.2% AJD

Budget on top

~10–13%

Non-resident mortgage

up to ~70% LTV

NIE

required

Buying timeline

~6–10 weeks

Purchase taxes

Resale — transfer tax (ITP, Andalucía)7% flat
New-build — VAT + stamp duty (AJD)10% + 1.2%
Notary~€600–1,200
Land Registry~€400–700
Lawyer (strongly recommended)~1%

Reduced ITP rates exist: 6% on a main home up to €150,000, and 3.5% for buyers under 36 and other protected groups.

Financing as a non-resident

  • Spanish banks typically lend non-residents up to 60–70% of the lower of price or bank valuation (less for non-EU buyers), so plan for a 30–40% deposit plus costs.
  • Terms are usually 20–25 years; you'll need an NIE and a Spanish bank account.

What it costs to own

  • IBI (council tax): ~0.4–1.1% of the cadastral value per year.
  • Non-resident imputed income tax (IRNR), if you don't rent it out: 19% (EU/EEA) or 24% (non-EU) applied to 1.1–2% of the cadastral value.
  • Rental income tax if you let it: 19% on net profit (EU/EEA, expenses deductible) or 24% on gross (non-EU).
  • Community fees, refuse (basura), utilities and home insurance.
  • Wealth tax: Andalucía applies a 100% rebate (effectively €0); a national solidarity tax can still apply to very large net worths (over €3m).

Residency

Spain's real-estate ‘Golden Visa’ was withdrawn on 3 April 2025, so buying a property no longer grants residency. Buying remains entirely open to non-residents; residency, if you want it, is a separate process (for example the non-lucrative or digital-nomad visa).

The buying process, step by step

  1. NIE and a Spanish bank account.
  2. Reservation contract and holding deposit to take the property off the market.
  3. Your lawyer's due diligence (title, debts, licences, community).
  4. Private purchase contract (arras) — typically 10% down.
  5. Completion at the notary; taxes and Land Registry.

Typical timeline: around 6–10 weeks.

This is general information, current for 2026, and is not tax, legal or financial advice. Rates and rules change and depend on your circumstances — always confirm with a qualified lawyer and tax adviser. GR Estates works alongside trusted local professionals and can introduce you.

Frequently asked questions

Is Torremolinos a good place to buy property? +

Yes — it's the closest resort town to Málaga Airport, directly on the train line, with long beaches, a strong year-round community and good value against its western neighbours. That makes it one of the coast's most flexible markets for holiday lets, long-term rentals and easy second homes.

Which area of Torremolinos is best? +

For character and the seafront, La Carihuela is the prize; for walkable, year-round living, the town centre near the train; for beach apartments, Playamar and Montemar; for open beaches and space, Los Álamos. We'll match your budget and plans to the right one.

Can foreigners buy property in Torremolinos? +

Yes — there are no restrictions on foreign buyers in Spain. You'll need an NIE and a Spanish bank account, and an independent lawyer is strongly recommended. We guide international buyers through every step in their own language.

Can I rent out my Torremolinos property to tourists? +

Usually, yes — it's one of the most reliable holiday-rental markets on the coast. You must register the property as a tourist rental (VFT) with the Junta de Andalucía before advertising and check that your community permits short-term letting, which we verify before you buy.

Do I need a car in Torremolinos? +

Not really — Torremolinos is one of the easiest towns on the coast to live in without a car. It's walkable, and the Cercanías C1 train plus the airport on the doorstep make getting around and travelling simple. A car is optional rather than essential.

How much does buying in Torremolinos cost on top of the price? +
Budget around 10–13% extra. On a resale the main item is transfer tax (ITP, a flat 7% in Andalucía); on a new-build it's 10% VAT plus 1.2% stamp duty (AJD). Add notary, Land Registry and a lawyer (~1%).
Can a foreigner get a mortgage in Spain? +
Yes. Spanish banks typically lend non-residents up to 60–70% of the lower of price or valuation (less for non-EU buyers), over 20–25 years. You'll need an NIE and a Spanish bank account.
Does buying a home give you residency (Golden Visa)? +
No. The real-estate Golden Visa was withdrawn on 3 April 2025. Buying is still fully open to non-residents, but residency is a separate process (e.g. the non-lucrative or digital-nomad visa).

Written with AI assistance and reviewed by the GR Estates team before publication. AI transparency

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On the ground in Torremolinos since 1996

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