Torremolinos was thriving in 2024. Statistical trends highlighted its emergence as one of Spain’s most dynamic towns on the Costa del Sol. This coastal hot spot is becoming a magnet for international residents. It is also attracting tourists. This growth is seen in both population milestones and housing market performance.
2024 Milestones
- Population Growth
- Torremolinos’ population surpassed 70,000 for the first time in its history, marking a 2.3% increase from the prior year. This rise reflects the town’s growing appeal as a multicultural hub. It includes significant expatriate communities. There are approximately 985 Ukrainians, 894 Chinese nationals, and 705 Dutch residents.
- Real Estate Market
- Property Prices: The average property price in Torremolinos rose to €3,143 per square meter in 2024. This price is slightly higher than Málaga’s average of €3,037. This shows a year-on-year increase of 6.4%, driven by demand for beachfront and luxury properties.
- Rental Market: Average rents reached €15.50 per square meter, a rise of nearly 5% compared to 2023. Coastal zones like Playamar and Bajondillo experienced the highest increases, reflecting the enduring demand for seaside living.
- Tourism Boom
- Torremolinos hosted over 4 million tourists in 2024, a 7% increase from the prior year. Hotel occupancy rates exceeded 85% during peak months. International visitors accounted for 65% of arrivals. The UK, Germany, and France led the numbers.
- Environmental Initiatives
- A Low Emission Zone (LEZ) was introduced in January 2024, covering central areas of Torremolinos to reduce pollution. By mid-year, compliance rates among vehicles entering the zone exceeded 70%, although enforcement fines will begin in early 2025.
Looking Ahead to 2025
- Population Projections
- Experts estimate the population may grow to 72,000 by the end of 2025. This growth is driven by ongoing immigration, particularly from European and African nations. The town’s vibrant cultural life and attractive cost of living are significant draws.
- Housing Market Trends
- Property prices are expected to rise modestly by 3–5% in 2025, with rental prices projected to follow a similar trajectory. The demand for short-term vacation rentals and long-term residential properties will likely stay strong.
- Tourism Expectations
- With new beachfront facilities and cultural events planned for 2025, tourism numbers are projected to grow by 6–8%. Extended stays and off-season visits are expected to increase, thanks to targeted marketing campaigns and improved amenities.
- Sustainability Goals
- Full implementation of the Low emission zone will coincide with enhanced public transport options. These include electric buses and expanded cycling infrastructure. This could reduce car dependency by 10–15% in urban areas by year-end.
The Big Picture: A Town on the Rise
Torremolinos is harnessing its natural beauty, strategic planning, and multicultural charm to grow sustainably. Torremolinos is experiencing robust population growth. The real estate market is thriving. Tourism is booming. These factors have set a solid foundation in 2024 for even greater achievements in 2025. Whether you’re an investor, tourist, or prospective resident, Torremolinos offers an exciting array of opportunities.
Stay tuned as this Mediterranean gem continues its upward trajectory!
Sources: IDEALISTA/ ANDALUCIA.COM
Torremolinos Life 