CONTENTS: INTRODUCTION - ESTEPONA, COSTA DEL SOL - MARBELLA, COSTA DEL SOL - FUENGIROLA, COSTA DEL SOL - MIJAS - BENALMADENA - TORREMOLINOS, COSTA DEL SOL - MALAGA, COSTA DEL SOL - NERJA, COSTA DEL SOL - BARCELONA, COSTA BRAVA - BLANES, COSTA BRAVA - LLORET DE MAR, COSTA BRAVA - TOSSA DE MAR, COSTA BRAVA - ALMERIA, COSTA DE ALMERIA - ROQUETAS DE MAR, COSTA DE ALMERIA - SALOU, COSTA DORADA - MIAMI PLAYA, COSTA DORADA - CADIZ, COSTA DE LA LUZ - ISLANTILLA, COSTA DE LA LUZ - A CORUNA, GALICIA - SANTANDER, CANTABRIA - SAN SEBASTIAN, BASQUE COUNTRY - JAVEA, COSTA BLANCA - GANDIA, COSTA BLANCA - BENIDORM, COSTA BLANCA - ALICANTE, COSTA BLANCA - TORREVIEJA, COSTA BLANCA - LA MANGA, COSTA BLANCA - ORIHUELA COSTA, COSTA BLANCA - PALMA, MAJORCA - MAGALUF, MAJORCA - ALCUDIA, MAJORCA - MAHON, MENORCA - LOS DELFINES, MENORCA - IBIZA TOWN, IBIZA - SAN ANTONIO, IBIZA - PLAYA D’EN BOSSA, IBIZA - PLAYA DE LAS AMERICAS, TENERIFE - PUERTO DE LA CRUZ, TENERIFE - LOS GIGANTES, TENERIFE - LOS CRISTIANOS, TENERIFE - COSTA DEL SILENCIO, TENERIFE - CALETA DE FUSTE, FUERTEVENTURA - LAS PALMAS, GRAN CANARIA - PLAYA DEL INGLES, GRAN CANARIA - PUERTO DEL CARMEN, LANZAROTE - PLAYA BLANCA, LANZAROTE - LA PALMA, CANARY ISLANDS - LA GOMERA, CANARY ISLANDS - GRANADA, ANDALUSIA - VALENCIA -
| Area: | TORREMOLINOS, COSTA DEL SOL | |||||||||||||||||||||
| Investor Profile: | Retirement, Worker, Holiday, Business | |||||||||||||||||||||
| Category: | B | |||||||||||||||||||||
| Population: | Total | British | ||||||||||||||||||||
| 42,000 | 4000 | |||||||||||||||||||||
| Climate: | Hours of Sunshine Per Day in Summer | Days of Rain Per Year | Average Spring Air Temp. | Average Summer Air Temp. | Average Autumn Air Temp. | Average Winter Air Temp. | Average Water Temp. | |||||||||||||||
| 11 | 45 | 21 | 28 | 24 | 16 | 20 | ||||||||||||||||
| Proximity to: | Airport | Beach | Nearest City | |||||||||||||||||||
| 6 miles (Malaga) | 0.25 miles | Malaga (9 miles) | ||||||||||||||||||||
| Educational facilities: | No. of Universities | No. of International Schools | No. of Private Schools | |||||||||||||||||||
| 0 | 1 | 2 | ||||||||||||||||||||
| Health services: | No. of Public Hospitals | No. of Private Hospitals | No. of Private Clinics | |||||||||||||||||||
| 0 | 0 | 4 | ||||||||||||||||||||
| Shopping: | No. of Shopping Centres | No. of Markets | ||||||||||||||||||||
| 0 | 1 | |||||||||||||||||||||
| Restaurants and bars: | Over 500 restaurants and bars serving a great variety of cuisine. Seafood restaurants specialising in fried fish along the seafront (La Carihuela). Tapas bars in old quarter. | |||||||||||||||||||||
| Sports and leisure facilities: | Large public sports centre with athletics track. Parador del Golf golf club. Aguapark water park (open in Summer only). Ritmo a Caballo Equestrian Ballet. Gay bars and nightclubs. Puerto Marina nearby with bars, restaurants and nightclubs. | |||||||||||||||||||||
| Transport: | Public Transport | Roads | ||||||||||||||||||||
| Train from Malaga or Fuengirola to Paseo de la Nogalera. Frequent bus services from nearby towns to Calle Hoya. | N-340 from Malaga, exiting at Palacio de Congreso. | |||||||||||||||||||||
| Crime rate: | Low. | |||||||||||||||||||||
| Main types of employment | Tourist and service sectors. | |||||||||||||||||||||
| Future plans: | New construction around Los Alamos area, between town centre and airport. Otherwise very restricted. | |||||||||||||||||||||
| Yield range | 8.3% - 9.8% | |||||||||||||||||||||
| Type of property | Entry Price | Rent- School Holiday Peak | Rent- Peak | Rent- Off Peak | Average Annual Yield | |||||||||||||||||
| 2 bed apartment | 96000 | 412 | 330 | 198 | 9.8% | |||||||||||||||||
| 3 bed apartment | 120000 | 494 | 396 | 237 | 9.4% | |||||||||||||||||
| 3 bed townhouse | 180000 | 659 | 527 | 316 | 8.3% | |||||||||||||||||
| Villa | 211200 | 865 | 692 | 415 | 9.3% | |||||||||||||||||
| Demand for letting | School Holiday Peak | Peak | Off peak | |||||||||||||||||||
| High | Medium | Low | ||||||||||||||||||||
| Finance and leisure scores: | Total (out of 10) | Financial (out of 5) | Leisure (out of 5) | |||||||||||||||||||
| 8 | 5 | 3 | ||||||||||||||||||||
| Flights scheduled from: | Gatwick, Heathrow, London City, Luton, Stansted, Bristol, Cardiff, Exeter, Newquay, Plymouth, Bournemouth, Southampton, Birmingham, East Midlands, Humberside, Newcastle, Teesside, Blackpool, Isle of Man, Liverpool, Manchester, Aberdeen, Edinburgh, Glasgow, Inverness, Belfast City, Belfast International, Derry, Cork, Dublin, Guernsey, Jersey, Norwich, Leeds/Bradford | |||||||||||||||||||||
| Typical cost of flights: | School Holiday Peak | Peak | Off Peak | |||||||||||||||||||
| £201-320 | £149-237 | £112-178 | ||||||||||||||||||||
| Operators: | Monarch, Swiss International, BA, Air France, Excel Airways, Futura, Thomas Cook, Astraeus, Air 2000, My Travel, Easyjet | |||||||||||||||||||||
| Description: | Torremolinos is the busiest resort in the Costa del Sol and the 3rd busiest in Spain. It is also one of the oldest resorts, having been developed in the early 1960s. The majority of the area is characterised by high-rise hotel and apartment blocks, although there are also some newer residential areas with townhouses and villas to the west. The beaches are clean and well-maintained and there is an abundance of bars, restaurants and nightlife so it makes a great location for a holiday home. Property prices are relatively cheap, with the exception of the Montemar area. The cheaper properties are available in the 1960’s and 1970’s-built apartment blocks on a re-sale basis. Surprisingly the rental prices are lower than it neighbours but this is probably due to the over supply of rental properties. If you want to command a decent rent for the majority of the peak periods then go for the newer developments. If you want to take a risk and not too bothered about the financials then bargain properties can be had simply to be your holiday home. Because of the well developed property market in this area try and get the local press. There are many properties advertised here. Consider advertising in the local press expressing your wants and what you are willing to spend. The property market is fluid here. There are always buyers as well as sellers looking to make that deal. | |||||||||||||||||||||
| Hot Website: | http://www.infotu.com/toingle.htm | |||||||||||||||||||||
| Estate Agents: | Name | Address | Tel | Web | ||||||||||||||||||
| Coast & Country - Property Sales & Rentals | Av. de España 12, 29620 Torremolinos, Málaga, Spain. | Tel. 0034 952 384 192 - Fax. 0034 952 377 230 | http://www.coastcountryproperty.com/ Email: | |||||||||||||||||||
| Pedevillas Inmobiliarias | Plaza Costa del Sol, 3 Torremolinos | Tel: 0034 952 38 34 66 Fax: 0034 952 38 06 10 | http://www.pedevilla.com/cliente/escaparate/paginas/default.asp e-mail: pedevilla.tor@pedevilla.com
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| TORREMOLINOS ESTATE | C/ Carmen Montes, L-2 | Not disclosed | mailto:info@inmocostadelsol.com | |||||||||||||||||||
| Haart | P.O. Box 5995 Colchester Essex CO3 3WR | 0845 600 7778 | http://www.tmxhaart.co.uk/ Email: | |||||||||||||||||||
| Letting Agents: | Name | Address | Tel | Web | ||||||||||||||||||
| Coast & Country - Property Sales & Rentals | Av. de España 12, 29620 Torremolinos, Málaga, Spain. | Tel. 0034952 384 192 - Fax. 0034 952 377 230 | http://www.coastcountryproperty.com/ Email: | |||||||||||||||||||