Glaser Group · Arroyo de la Miel, Benalmadena · From Malaga to Sotogrande
+34 711 09 04 30 hello@glaserrealestate.com
HomeGuidesMarket Outlook
Market Outlook

Your First Investment Property in Torremolinos — A Plain-English Guide

Maarten Glaser
Maarten Glaser
Founder & Director, Glaser Group
April 20269 min read

If you are buying an investment property in Torremolinos for the first time, the process can seem complicated from the outside. It does not need to be. This guide explains what actually happens from first enquiry to collecting keys — written for someone who has not been through it before.

Before You Start — The Questions to Answer First

The investors who have the best experience in Torremolinos are those who are clear about their objectives before they start viewing properties. Three questions matter most:

Finding the Right Property — What Matters

In Torremolinos, the properties that perform best for investors share consistent characteristics: location that aligns with the dominant guest demand in that part of Torremolinos, quality of fit-out that meets international expectations, and a property type that suits the rental strategy. Location is the most important variable — a well-located property with average fit-out will consistently outperform an average-located property with excellent fit-out.

We discuss these specifics at the start of every search. Torremolinos is not uniform — different areas attract different guest profiles and deliver different income profiles — and we make sure clients understand the differences before committing to a location.

The Buying Process — Simplified

1
NIE and bank account
Get your Spanish tax number (NIE) — apply at the Spanish consulate in your home country. Open a Spanish bank account. Both take 4–6 weeks. Start early.
2
Appoint a lawyer
Independent, appointed by you. They check the property has clean title, no debts, proper licences and everything the vendor is representing is accurate. Non-negotiable step.
3
Check the licence
Before making an offer, confirm the property can be licensed for holiday rental if that is your plan. Glaser Group does this check as part of our standard service.
4
Make an offer
We negotiate on your behalf. If accepted, pay a small reservation deposit to take the property off the market while due diligence continues.
5
Sign arras contract and pay 10%
The binding private purchase contract. Both parties committed. Your lawyer has reviewed every clause.
6
Complete at the Notary
Sign the title deed, pay the balance, pay taxes. Ownership registered. Typical timeline: 6–10 weeks from arras to completion.

After You Complete — Getting to Rental Income

Once you own the property, if holiday rental is the plan: the VUT licence needs to be confirmed or obtained, the NRUA national registration needs to be in place, professional photography needs to happen, listings need to go live on Airbnb, Booking.com and VRBO, and pricing needs to be set dynamically. Glaser Holiday Rentals handles all of this within 7–10 days of completion as part of our standard onboarding.

Holiday rental returns on Torremolinos properties that are well-located, properly licensed and professionally managed range from 5% to 15% of purchase price annually. The outcome depends significantly on location, property quality and management approach.

One team from purchase to income

Glaser Real Estate handles the purchase with no buyer fees. Glaser Holiday Rentals manages the rental income. You deal with one team throughout — from the first conversation to the first booking.

Maarten Glaser
Maarten Glaser
Founder & Director, Glaser Group

Originally from the Netherlands, Maarten has been based in Benalmadena since 2018. He founded Glaser Group to help international buyers and investors navigate the Costa del Sol property market with confidence. Accredited by GIPE and CEPI — the two highest professional standards for estate agents in Europe.

Thinking about investing in Torremolinos?

Glaser Group provides honest, independent investment guidance. No pressure, no obligation. Book a consultation with Maarten today.

Or call: +34 711 09 04 30 · hello@glaserrealestate.com