New Developments
in Torrox

Not through the old property route. The Spanish Golden Visa for real estate investment closed on 3 April 2025 under Organic Law 1/2025, so buying a home in Torrox no longer qualifies you for residency on that basis. Non-EU buyers can still own property freely and spend time in Spain under standard visitor rules, and other residency routes exist, such as non-lucrative residence or work-based permits, each with its own financial and eligibility requirements. These depend on your nationality and circumstances, so take advice from an immigration lawyer before assuming any route applies to you.

It depends on your timeline and tolerance for waiting. Torrox currently has one completed home ready to occupy and four schemes under construction, with no pre-construction projects tracked. A completed unit lets you inspect exactly what you are buying, move in sooner and avoid build risk. Buying under construction can bring a lower entry price and a choice of units, but you wait for delivery and rely on the developer's guarantees. Pricing on unfinished schemes remains indicative until confirmed at reservation.

Most purchases start with a reservation payment, typically a few thousand euros, followed by a private contract where around 30 percent of the price is paid in total. On schemes under construction, further instalments are tied to build milestones, with the remaining balance due at completion before the notary. Exact percentages vary by scheme and are set out in each contract. Spanish law requires developers to guarantee advance payments through a bank guarantee or insurance, which your independent lawyer should verify before you transfer funds.

All five tracked developments sit in the single Torrox sub-area, so the logic shifts from district to specifics. Compare each unit on distance to the beach and to daily services, orientation and views, terrace and plot size, parking, communal facilities and build stage. Buyers who want a beach lifestyle weigh the coastal strip against the quieter, more spacious character found further inland. We map these differences unit by unit and arrange visits so you judge on what you see, not on marketing descriptions.

For a new-build home, expect IVA at 10 percent of the price and Actos Juridicos Documentados stamp duty, typically 1.5 percent in Andalucia. Add notary and land registry fees and legal fees, which commonly run around one percent plus VAT. A sensible planning range is roughly 12 to 14 percent above the purchase price in total. Your lawyer will provide an exact calculation for your chosen unit. This is general information, not tax advice, so confirm all figures with a qualified adviser.

Yes, several Spanish banks lend to non-residents, though terms are tighter than for residents. Loan-to-value is commonly capped at around 60 to 70 percent of the lower of price or valuation, so expect to fund the remainder plus costs from your own capital. Banks assess income, credit history and the property's valuation, and the process takes several weeks. Arrange pre-approval before signing a private contract, and have your lawyer confirm the contract includes appropriate conditions if finance is required.