Apartments for sale in Torrequebrada

The average price of homes in Torrequebrada, a popular residential area in Benalmádena, typically ranges from €200,000 to over €600,000, depending on location and property type. For example, a two-bedroom apartment near the beach might be listed around €250,000, while more spacious three-bedroom villas with sea views can exceed €500,000. Properties close to amenities such as golf courses or shopping centers tend to command higher prices, with some luxury homes reaching prices of €1 million or more. Additionally, the demand for rental properties has led to a competitive market, with average rental prices for a two-bedroom unit hovering around €1,000 per month.

In the past few years, real estate prices in Torrequebrada, a district in Benalmádena, Spain, have seen a significant upward trend. Average apartment prices increased from around €1,800 per square meter in early 2020 to approximately €2,500 per square meter by late 2022, representing a growth of about 39%. Detached villas have also experienced similar appreciation, with prices rising from €3,000 per square meter to nearly €4,000 during the same period. Notably, properties with sea views or proximity to golf courses have commanded even higher prices, with some luxury villas selling for upwards of €7,000 per square meter. The demand for rental properties has surged, with monthly rental rates for two-bedroom apartments moving from €800 in 2020 to around €1,200 by 2023, illustrating a growing interest in both buying and renting in this coastal area.

Property prices in Torrequebrada are influenced by several key factors, including location, proximity to amenities, and the overall condition of the real estate market in the Costa del Sol region. For instance, properties along the beachfront can reach prices upwards of €500,000 for two-bedroom apartments, while those situated slightly inland may be listed around €300,000. The demand for vacation rentals, particularly during the summer months, also plays a crucial role; properties that can generate an annual rental income exceeding €20,000 typically see a higher market value. Additionally, access to essential services such as schools, hospitals, and shopping centers affects property prices. In neighborhoods with higher quality infrastructure and community amenities, such as parks and pools, prices can escalate by as much as 15% compared to similar homes in less developed areas. The international appeal of Torrequebrada, particularly among British and Scandinavian buyers, also contributes to price fluctuations, as foreign investment can drive property values up significantly. Lastly, economic factors such as interest rates and housing supply in Spain impact prices regionally, causing fluctuations in the Torrequebrada market.

In Torrequebrada, real estate prices near the beach are generally significantly higher compared to properties located further inland. For instance, beachfront apartments can average around €3,500 per square meter, while similar homes situated just a few blocks away from the coastline might price closer to €2,500 per square meter. Additionally, villas with ocean views often start from €800,000 and can exceed €1.5 million, depending on the proximity to the beach and the luxury level of the property. Properties with direct beach access see a considerable premium; a two-bedroom apartment with sea views recently listed for €400,000, whereas the same unit located a 15-minute walk from the beach was valued at approximately €280,000. These price disparities highlight the influence of location on real estate values in Torrequebrada.

In Torrequebrada, the real estate landscape features a variety of property types, ranging from spacious apartments to luxurious villas. Typically, two-bedroom and three-bedroom apartments are prevalent, often priced between €200,000 to €400,000, with amenities like pools and proximity to the beach. Many of these apartments are located in gated communities, which may include features such as gardens and communal areas. On the higher end, villas with four or more bedrooms can cost upwards of €600,000 and may offer private pools and gardens, along with stunning sea views. Additionally, there are also townhouses available, with prices generally ranging from €300,000 to €500,000, providing a more communal living environment but still close to local amenities and public transport.

Property prices in Torrequebrada generally range from €150,000 for smaller apartments to over €500,000 for larger villas and beachfront properties. In comparison, nearby areas such as Benalmádena Costa and Arroyo de la Miel show a similar trend, with prices starting at approximately €140,000 and reaching up to €600,000 for prime properties. In the more affluent neighboring district of Benalmádena Pueblo, prices tend to be slightly higher, with average costs around €160,000 to €700,000, depending on the property type and location. Notably, Torrequebrada benefits from its proximity to amenities and the beach, which maintains demand; however, it often emerges as a more affordable option compared to the upscale properties found in the nearby areas of Marbella, where prices can start at €300,000 for basic apartments and soar well above €1 million for luxury residences. Overall, the real estate landscape in and around Torrequebrada presents a varied price spectrum, reflective of the differing local amenities and property types.

Currently, the real estate market in Torrequebrada is experiencing a notable increase in prices. In the last year, property values have risen by approximately 7%, with the average price per square meter now hovering around €2,500. This trend aligns with the broader real estate growth seen in the Costa del Sol region, driven in part by increased demand for second homes and investment properties. Data shows that two-bedroom apartments in Torrequebrada are listed at around €250,000 to €300,000, while three-bedroom villas can fetch prices between €500,000 and €800,000, depending on proximity to the coast and amenities. Additionally, rental yields in the area remain appealing, averaging around 5% annually, particularly appealing for investors looking at short-term rental options. Compounding these factors, the local infrastructure improvements, such as new transport links, are enticing potential buyers.