New Developments
in Torre del Mar

Not through the property route. Spain's Golden Visa for real estate investment closed on 3 April 2025 under Organic Law 1/2025, so buying a home no longer qualifies you for residency by itself. Owning property in Spain does not restrict you to 90 days in 180 as a visitor, but it does not extend your permitted stay either. Other residency routes exist, such as non-lucrative residence, digital nomad status or work-based permits, and each has its own income and documentation rules. Speak to an immigration lawyer about your situation before assuming any route is available. Roccabox can introduce specialists, but we do not advise on immigration.

It depends on your timeline and tolerance for waiting. Right now, three of the five developments we track are off-plan or licensed, one is under construction, and one is complete. A completed unit means you see exactly what you are buying and can move in or rent it soon after completion. Off-plan usually offers a lower entry price, staged payments and first pick of position and floor, but you wait 18 to 30 months and the final specification can shift. If you need certainty, buy complete. If you can wait and want choice, off-plan deserves a look.

A reservation deposit of a few thousand euros comes first, followed by a private contract payment, often 10 to 30 percent of the price. For off-plan, further instalments follow construction milestones, with the balance due at the notary on completion. Schedules vary by developer and by project, so treat any percentage you see in marketing as indicative until you have the contract. Your lawyer should confirm that every stage payment is covered by a bank guarantee or insurance policy before you transfer funds. Roccabox gets the current payment plan from the sales team before you commit anything.

All five tracked developments sit in Torre del Mar itself, so the useful comparison is micro-location rather than town. Look at walking distance to the beachfront promenade and the town centre, street noise, orientation and sea views, parking, and the distance to the A-7 and Malaga airport. Then compare build specification, energy rating, community amenities and completion date. A unit two streets back from the sea at 220k euros and a frontline apartment near the top of the range are different products, and we show buyers both so the trade-off is visible.

For a new build, expect 10 percent IVA plus 1.2 percent AJD stamp duty in Andalucia. Add notary, land registry and legal fees, which commonly total another 1 to 2 percent, so a working figure of 12 to 14 percent over the price is sensible. Mortgage arrangement, valuation and any currency exchange costs are extra. Ongoing, you will pay annual IBI property tax, community fees and, for non-residents, a non-resident income tax on imputed income or rental profit. Confirm exact numbers with your lawyer and a tax adviser, as this is not tax advice.

Yes, though terms are tighter than for residents. Spanish banks commonly lend non-residents up to roughly 60 to 70 percent of the lower of purchase price or valuation, over shorter terms, and they will ask for proof of income, credit history, existing debts and assets. Approval takes several weeks, so start before signing the private contract and ask your lawyer to include a mortgage condition where possible. Rates and criteria change, so we do not quote figures as current. Roccabox can introduce independent mortgage brokers who compare lenders, and the final decision rests with the bank.