The town of Torremolinos on the Costa del Sol is one of the top tourist locations in Southern Spain. It has played a pivotal role in the development of tourism along the south coast of Spain, and was one of the first resorts to cater for package tourists. Today, people from all over Europe still come to Torremolinos year after year to experience the sun, sand and energetic lifestyle on offer in the town, making it a great place for investors in Spanish property to look for rental opportunities, as well as second homes.
Over the past decade the town's authorities have spent a great deal of time updating Torremolinos's image. The town is now seen as a multicultural holiday centre, where people from all walks of life come for an activity-packed vacation. Beautifully designed 'green' areas now make for a pleasant alternative to the old image of nothing but concrete high-rises.
Everything that you'll ever need is located in the town - from quality restaurants and shops to nightclubs and cabaret acts. During the summer, the resort is extremely popular, especially with younger people. Europe's gay community have made it their top summer holiday destination too. Out of season, the town retains its Spanish character, and is a very friendly place in which to visit or live.
With forty percent of the Costa del Sol's hotels located in Torremolinos and an image that promotes it as an all-year-round tourist resort, it is easy to see why the town has strong investment potential for Spanish property owners. Torremolinos property provides the opportunity to develop ongoing rental income with relatively high yield throughout the year. For those who are looking to move permanently to Torremolinos, that villa in Spain will certainly rise in value over the years, as the Costa del Sol is one of the top property price growth regions in the country. If you are looking for commercial opportunities then Torremolinos is the town for you too. Bars, restaurants and other business premises are widely available among Torremolinos property for sale.
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