Torremolinos – village turned tourist hub

Initially, tourism on the Costa del Sol began to develop from here in the 1950s. The town grew from a small fishing village to a tourist resort and quickly became a celebrity destination, with Grace Kelly, Ava Gardner, Marlon Brando, Orson Welles and Frank Sinatra all visiting. In 1959 the first luxury hotel, the Pez Espada, opened on the coast in art deco style and is still in operation today. By 1965, Torremolinos had become a major tourist destination, and from the 1970s onwards it had a reputation as a resort favoured by the less demanding, noisy British tourist. The town became a destination for organised group tours and became a cheaper region partly as a result of this and the boom in tourism in other coastal towns. Torremolinos’ attractions include its botanical gardens, beaches and crocodile park.

Property prices in Torremolinos
Among the municipalities west of Malaga, Torremolinos is probably the cheapest. Older-built villas are available for between €500,000 and €700,000, with newer panoramic villas starting at around €1 million. A two-bedroom apartment can go for up to €250,000, but a direct beachfront or beachfront apartment with a nice view can be worth double that. Buying property here as an investment is not really worth it, there is not such a high return on investment because there is not so much interest in this region.