New Developments
in Torrox

No. Spain's Golden Visa property investment route closed permanently on 3 April 2025 under Organic Law 1/2025. It is no longer possible to obtain Spanish residency by purchasing residential property at any price threshold. Non-EU buyers can still purchase property in Torrox freely, but residency must be pursued through other channels such as the Non-Lucrative Visa, Digital Nomad Visa, or other qualifying routes. You should take advice from a qualified immigration lawyer on which route fits your specific situation.

Buying during construction typically means access to earlier indicative pricing, the ability to choose your specific unit within the building, and sometimes the ability to request minor specification changes depending on the build stage. The trade-off is time: you are committing capital now for a property you cannot occupy until completion, and construction schedules can shift. A completed unit removes that uncertainty but also removes those choices. In Torrox right now there are no completed units tracked, so the market is entirely under-construction. Buyers who need certainty of occupation within a short window should factor that into any decision.

The structure varies by development, but a common pattern for an under-construction purchase in this market is: a reservation deposit of a few thousand euros, followed by a further payment at signing of the private contract bringing the total paid to around 20 to 30 percent, with one or more additional build-stage payments possible depending on the development timeline, and the remaining balance paid at notarial completion. The largest single payment is almost always at completion, which is when a mortgage drawdown would also occur if you are using finance. Your lawyer will verify the exact schedule in the contract.

Torrox Costa is the beachfront strip with direct sea access, a more established tourist infrastructure, and lower elevation. It suits buyers who want coastal proximity as the primary feature and are comfortable with higher seasonal footfall. Torrox Pueblo sits on a ridge roughly three kilometres inland, offering panoramic views, a quieter residential environment, and a traditional Andalusian village character. The orientation, the light, and the daily living experience are genuinely different. Roccabox works through these differences with buyers before scheduling viewings because the choice between them tends to be decisive rather than a matter of minor preference.

For a new-build purchase in Andalusia, the main costs are: IVA at 10 percent of the purchase price; AJD stamp duty at 1.2 percent; independent legal fees typically between 1 and 1.5 percent; notary and land registry fees of approximately 0.5 to 1 percent. Added together, buyers should work with a figure of 13 to 14 percent of the purchase price as the total acquisition cost buffer. If you are using a mortgage, add arrangement fees, bank valuation costs, and any broker fees. Roccabox does not provide tax advice; your appointed lawyer can confirm exact figures for your transaction.

Yes. Spanish lenders do offer mortgages to non-residents, though the terms differ from those available to Spanish fiscal residents. Non-residents are typically offered up to 70 percent of the lower of the purchase price or the bank's independent valuation, with terms of up to 25 years in most cases. Interest rates and qualifying criteria vary between lenders. It is advisable to approach Spanish banks or a specialist mortgage broker early in the process and obtain an agreement in principle before signing a private purchase contract, so your stage-payment schedule is achievable within your financing timeline.