Torremolinos · report
Empty homes in Torremolinos
11.8% of the 42,938 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 11.8%
- Empty homes
- 5,082
Against the wider area
Share of homes standing empty in the 2021 census.
| Area | Empty |
|---|---|
| Torremolinos | 11.8% |
| Málaga province | 15.3% |
| Andalucía | 13.7% |
| Spain | 14.4% |
The 2021 census counted a dwelling as vacant when it used almost no electricity through the year and nobody was registered in it, from administrative records rather than a visit. Second homes are counted apart and are not included. Municipalities under 1,000 inhabitants are published only as their province's total.
Other reports for Torremolinos
At the average appraised value, a 90 m² home costs €338,247. With 10% down and a 30-year mortgage, the payment is €1,290 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.
- Payment, two incomes
- 42%
- Payment, one income
- 83%
Owning and renting a 90 m² home cost about the same each month. Owning counts interest, running costs and the return the deposit could earn, at the appraised value; rent is the mean of new leases. Repaying the loan is saving, so it is left out.
- Rent per month
- €1,142
- Owning per month
- €1,197
Figures for Málaga province: Torremolinos has no reliable figures of its own.
25.1% more homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 9,653
Figures for Málaga province: Torremolinos has no reliable figures of its own.
Buyers living abroad bought 27.5% of the homes sold here in the four quarters to Q2 2026.
- Bought by buyers abroad, 12 months
- 27.5%
Appraised values have fallen by 3% or more 4 times since 2005. The deepest began in Q1 2008.
- Deepest fall
- −49.4%
- Recovery from the low
- 108 months