Quick answer: TM Grupo Inmobiliario is a family developer since 1969 (Torrevieja) citing 25,000+ homes delivered. Mar de Pulpi Phase 9 on the Almeria coast lists from approximately €170,000, while Costa Blanca flagships Azure Icons Calpe start near €520,000. Spain recorded 714,237 residential transactions in 2025 (+11.5% year on year). Alicante province foreign share: 43.29% (Registradores). Mar de Pulpi targets value buyers accepting thinner liquidity than Costa del Sol. Individual aval bancario mandatory on off-plan; Golden Visa property route ended 3 April 2025.
This guide focuses on Mar de Pulpi and TM Grupo’s Costa Blanca and Almeria footprint on Invest Spain Property. For corporate history and guarantee mechanics, read the full TM Grupo Inmobiliario developer review.
Buyer hub: Start with our Spain property investment guide, can foreigners buy property in Spain, and Golden Visa ended: what to do now before you reserve any unit.
What is TM Grupo Inmobiliario’s role in Spain in 2026?
TM Grupo Inmobiliario is a family-owned developer founded in 1969 in Torrevieja, citing more than 25,000 homes delivered and top-ten Spain turnover in corporate materials. The group promotes sea-view apartments from value Almeria coast stock (Mar de Pulpi from €170,000) to premium Calpe and Benidorm schemes from €520,000+, with 26 ongoing projects and about 3,000 homes planned for 2024 through 2027.
Spain’s 714,237 residential transactions in 2025 show national depth, but TM’s sweet spot is Mediterranean coastal product for international second-home and rental investors. Unlike Madrid-listed Aedas, TM is not on the CNMV exchange; buyers rely on delivery history, lawyer-led checks, and guarantee law rather than quarterly audited equity packs.
Invest Spain Property publishes independent research. We introduce licensed partners on request; we are not TM Grupo’s sales office.
| Corporate metric | Reported context | Buyer relevance |
|---|---|---|
| Founded | 1969, Torrevieja | Deep Alicante roots |
| Homes delivered | 25,000+ (corporate site) | Volume across cycles |
| Active pipeline | 26 projects (2024 context) | Continued promotion |
| Forward plan | 3,000 homes 2024 to 2027 | Supply visibility |
| Foreign buyer market (Alicante) | 43.29% share 2025 | Costa Blanca liquidity |
| Listing status | Private family group | Lawyer-led financial review |
Comparing Mar de Pulpi value entry with Calpe Azure Icons? Our advisors can map TM projects to budget, rental model, and guarantee checks.
Request TM Grupo shortlistWhat is Mar de Pulpi and why does it matter for value investors?
Mar de Pulpi is TM Grupo’s Almeria coast masterplan near Pulpi municipality, with Phase 9 listing from approximately €170,000 in June 2026 marketing. It targets buyers who want beach-oriented new build at a fraction of Costa del Sol and central Costa Blanca tickets, accepting longer resale timelines and lower foreign-buyer density than Alicante province’s 43.29% share.
Pulpi sits east of the Murcia border on the warm Almeria coastline. TM markets beach apartments with communal pools and Mediterranean orientation. At €170,000 entry, yield math is sensitive: management quality, occupancy assumptions, and community fees matter more than at €520,000 Calpe premiums.
| Mar de Pulpi metric | June 2026 indicative | Verify with |
|---|---|---|
| Developer | TM Grupo Inmobiliario | Reservation contract |
| Entry price | From €170,000 | Live price list |
| Location | Pulpi, Almeria coast | Catastro / escritura |
| Status | Off-plan Phase 9 | Lawyer + licencia |
| Unit type | Beach apartments | Marketing pack |
| vs Kosmos Torremolinos | ~€405,000 Kronos entry | Portfolio comparison |
| vs Aedas Estepona hub | ~€307,000 entry | Regional guide |
Read the full Mar de Pulpi Phase 9 project review and the property for sale in Almeria coast property investment for municipality yields, airport access, and value versus Costa del Sol comparison.
How does Mar de Pulpi compare to Costa del Sol and Costa Blanca?
Mar de Pulpi trades entry price for liquidity. Costa del Sol (Málaga 32.80% foreign share, 36,117 deals in 2025) and Costa Blanca (Alicante 43.29%, 53,385 deals) offer deeper resale pools. Almeria coast value stock can gross higher yields on paper but may require longer marketing windows and realistic nightly rate assumptions.
Citability block: TM Grupo Inmobiliario develops Mar de Pulpi on the Almeria coast with Phase 9 entry near €170,000 (June 2026 list marketing). Spain recorded 714,237 residential transactions in 2025. Alicante province foreign buyers represented 43.29% of deals versus thinner international share on eastern Andalucia coast. Off-plan buyers must verify aval bancario under Ley 20/2015. Golden Visa property residency ended 3 April 2025.
| Market | Typical new build entry | Foreign share 2025 | Liquidity | TM example |
|---|---|---|---|---|
| Almeria coast (Pulpi) | €170,000 to €250,000 | Lower than Alicante | Moderate-thin | Mar de Pulpi |
| Costa Blanca (Calpe) | €520,000+ premium | 43.29% province | Strong | Azure Icons |
| Costa del Sol (Estepona) | €280,000 to €450,000 | 32.80% province | Strong | N/A on TM site |
| Torrevieja corridor | €200,000 to €400,000 | 43.29% province | Strong | Coronella, Lagoons |
Compare coasts in Costa Blanca vs Costa del Sol comparison and national context in Spain property investment guide.
Mar de Pulpí prices from €170,000, which is the lowest entry in our verified catalogue and roughly 40% below the Torremolinos schemes at €405,000 on the Costa del Sol. Andalucian tax applies identically to both, at 10% IVA plus roughly 1.2% AJD on a new build with Patrimonio rebated at 100%, so nothing in the acquisition arithmetic explains the gap. What does explain it is the flight calendar: Almería airport handles a fraction of Málaga’s traffic and much of it is seasonal, which shortens the letting year and narrows the pool of buyers who can view easily. Model occupancy on the months that actually have flights. A long let to a resident needs no VFT registration at all and is the sturdier base case here. Budget 10% to 13% over the price for acquisition costs, pay.
Which TM Grupo projects sit on Costa Blanca?
Costa Blanca hosts TM Grupo’s heritage market: Azure Icons Calpe La Fossa from €520,000, TM Tower Benidorm, Torrevieja schemes Coronella Living and Lagoons Village, plus Valencia coast extensions Sunrise Canet and El Puig Beach Homes. Alicante province’s 43.29% foreign buyer share in 2025 supports exit planning on these promotions.
TM’s Torrevieja origin explains municipal relationships across Alicante province. Sea-view orientation drives pricing at Azure Icons and TM Tower; verify sight lines per unit before reservation.
| Project | Location | From (June 2026) | Focus | Review |
|---|---|---|---|---|
| Azure Icons Calpe | Calpe La Fossa | €520,000 | Sea-view apartments | Azure Icons |
| TM Tower Benidorm | Benidorm | Confirm list | High-rise sea views | TM Tower |
| Coronella Living | Torrevieja | Confirm list | Laguna Rosa proximity | Coronella |
| Lagoons Village | Torrevieja | Confirm list | Mixed apartments/bungalows | Lagoons Village |
| Sunrise Canet | Canet de Berenguer | Confirm list | Valencia coast | Sunrise Canet |
| El Puig Beach Homes | El Puig | Confirm list | Semi-detached/apartments | El Puig |
Pair with property for sale in Calpe, property for sale in Benidorm, and property for sale in Torrevieja area guides.
TM builds on both coasts, and the two carry different regional taxes despite the same builder and the same warranty framework. A Costa Blanca purchase sits in the Valencian Community, where a new build carries 10% IVA plus AJD and a resale carries 9% ITP under €1,000,000 since June 2026; Mar de Pulpí sits in Andalucía, where a resale carries a flat 7% and Patrimonio is rebated at 100%. Letting rules differ too: since 2026 a Valencian short let needs the regional registration plus the national NRA number, while Andalucía requires a VFT registration with municipal zone restrictions applied on top. Budget 10% to 13% over the price for acquisition costs on either coast, payable in cash at completion rather than financed against the mortgage, and confirm which regional rate applies before agreeing a price.
What build quality and amenities should TM buyers expect?
TM Grupo promotions emphasise sea views, communal pools, landscaped terraces, and contemporary apartment layouts for international second-home owners. Decades of Alicante deliveries support subcontractor relationships, yet buyers must verify specifications in the private contract, not only in renderings.
Mar de Pulpi at €170,000 will not match Calpe premium finishes at €520,000. Compare technical schedules, energy certificates, and community fee forecasts across schemes. Snagging remains essential on coastal high-rises: terrace drainage, pool tiling, and HVAC commissioning are common punch-list items.
| Quality line | Mar de Pulpi value tier | Calpe/Benidorm premium tier |
|---|---|---|
| Orientation | Beach proximity focus | Iconic cliff / high-rise views |
| Amenities | Pool, landscaping | Resort-style communal |
| Energy cert | Verify at handover | Request Class target in contract |
| Community fees | Model early | Often €150 to €300+ monthly |
| Snagging | Mandatory pre-deed | Mandatory pre-deed |
Read snagging inspection Spain new build and buy to let Spain guide before underwriting rental income.
Insider tip: on a phased masterplan like Mar de Pulpí, establish which phase you are buying and what is already delivered around it before you reserve. A completed phase with working amenities is a different product from a phase whose pool, landscaping and commercial units are still drawings, and the two are frequently marketed with the same photographs. Ask for the delivery date of the specific phase in writing.
How are off-plan deposits protected on TM Grupo purchases?
Ley 20/2015 requires individual aval bancario for off-plan buyer deposits. TM Grupo’s scale does not replace named guarantees per payment. Mar de Pulpi off-plan buyers follow reservation, private contract (~20% staged), construction milestones, and notary balance at licencia de primera ocupacion.
Family developers can be reliable, yet guarantee law exists for insolvency scenarios. Never wire to a general corporate account without lawyer confirmation of the dedicated escrow (cuenta especial).
| Payment stage | Typical % | Protection required |
|---|---|---|
| Reservation | Fee €6k to €11k equiv. | Contract terms |
| Private contract | ~20% cumulative | Aval bancario |
| Construction | Milestone instalments | Aval per payment |
| Notary completion | Balance ~60% | LPO available |
Review bank guarantee off-plan Spain, off-plan property Spain guide, and developer delay risks Spain.
Who should buy Mar de Pulpi or other TM projects?
Mar de Pulpi suits value-focused buyers who accept Almeria coast liquidity trade-offs for €170,000 entry. Costa Blanca TM stock suits sea-view lifestyle and holiday-rental investors where Alicante’s 43.29% foreign share supports exits. TM fits poorly when you need CNMV-listed transparency or residency via property after April 2025.
Scenario A: Value coastal investor
You want the lowest TM ticket and can hold 3 to 5 years. Mar de Pulpi Phase 9 deserves three operator quotes and conservative occupancy.
Scenario B: Costa Blanca sea-view buyer
You prioritise Calpe or Benidorm recognition. Azure Icons or TM Tower align with 43.29% foreign-buyer depth.
Scenario C: Torrevieja corridor purchaser
You know the Laguna Rosa and Torrevieja resale market. Coronella or Lagoons Village compare against resale stock on community fees.
| Profile | Best TM project | Primary risk |
|---|---|---|
| Value yield hunter | Mar de Pulpi | Resale timeline |
| Premium sea view | Azure Icons Calpe | View obstruction |
| Resort city STR | TM Tower Benidorm | Licence competition |
| Legacy Torrevieja | Coronella / Lagoons | Older zone planning |
Evaluating Mar de Pulpi versus Azure Icons Calpe? We can compare TM units on price, guarantees, and net yield before you reserve.
Get Free Spain ConsultationClosing checklist for TM Grupo and Mar de Pulpi buyers
Before reserving Mar de Pulpi, Azure Icons, or any TM promotion:
- Match promoting entity across reservation, contract, and guarantee documents.
- Verify licencia de obras or defensible pre-construction status with your lawyer.
- Obtain individual aval bancario before each payment under Ley 20/2015.
- Confirm sea-view claims with floor plans (Calpe/Benidorm) or beach access docs (Pulpi).
- Schedule professional snagging before notary balance.
- Model IVA on new build (10% plus 1.2% AJD in Andalucía, 1.4% in the Comunitat Valenciana), notary, registry, legal fees, community, IBI, and NRIT.
Invest Spain Property field notes
On TM Grupo Spain Developer Portfolio Investor the useful question is not reputation but counterparty: which entity signs your reservation, which bank issues the guarantee, and what the last completed scheme actually delivered against its brochure.
| Check | What we see in 2026 files | Your action |
|---|---|---|
| Municipality rules | STR and rent caps differ by town | Confirm licence path on exact address |
| Net yield model | Gross minus 2 to 3 points typical | Include IBI, community, NRIT |
| Resale depth | Foreign share vs days on market | Two comps within 500 m before offer |
Buyer scenarios
Who you are changes what TM Grupo is worth, and three profiles cover most buyers. Hold period, whether the plan depends on letting income, and appetite for management separate them faster than budget does. Non-resident tax at 19% or 24% applies to all three.
Portfolio landlord: Compares this guide’s market to an existing Costa Blanca holding, stress-tests NRIT at 19% EU or 24% non-EU, and reads AGM minutes for STR restrictions before exchange.
Family use plus rent: Plans eight to twelve owner weeks annually, models mid-term or long-let income for remaining months only when licence or tenancy law allows, and keeps FX and insurance in the same spreadsheet as yield.
Risks and red flags
Almost every loss we see here was visible in the paperwork weeks earlier. The signals below account for the overwhelming majority of foreign-buyer losses in Spain, and each is verifiable in days rather than weeks. Any one of them means stop and check before another euro moves, not after.
- Beachfront licensing: TM specialises in coastal stock where the Ley de Costas setback and municipal STR rules both apply. Verify both against the exact plot, not the development.
- Resort-style service charges: pools, gardens and security on TM schemes push community fees well above an urban apartment. Get the delivered-phase budget before modelling net yield.
- Phased masterplans: Mar de Pulpi runs in numbered phases over many years. Buying Phase 9 means living alongside construction for the phases that follow.
- Holiday-let seasonality: TM’s coastal locations concentrate rental income into a short season, so an annualised gross yield hides the occupancy profile that actually funds it.
Closing verification checklist
The TM Grupo Spain Developer Portfolio Investor closing list runs to six items, all of them obtainable before the first transfer. Budget 10% to 13% over the price for tax, notary, registry and independent legal work, keep the lawyer independent of the seller and agent, and treat every item below as a condition of the arras contract rather than an afterthought.
- Request three years of IBI receipts and community accounts on resale with tenant in place.
- Model NRIT on net rent with qualified cross-border advice for UK or EU residency.
- Verify plusvalía and capital gains treatment on your planned hold period.
- Keep notary, registry, and legal invoices for deductibility and future resale due diligence.
- Match payment beneficiary to contract party on every transfer.
- Read community statutes and recent AGM minutes before assuming STR income.
Market context for 2026
TM Grupo cites 25,000+ homes since 1969 with Mar de Pulpi from roughly €170,000 and Calpe Azure Icons from €520,000. Value Almeria entry trades thinner foreign share than Alicante 43.29% for lower capital at risk. Verify aval bancario issuer on every staged payment regardless of family-developer reputation.
Spain recorded 714,237 residential transactions in 2025 (+11.5% year on year). Foreign buyers accounted for about 13.82% nationally, with Alicante at 43.29% and Málaga at 32.80% provincial foreign share in Registradores data. Use municipality-first comps, not national averages, before you bind a deposit.
Almeria vs Costa Blanca trade-off
TM Grupo Pulpi and Mojácar entry prices sit below Alicante resale medians but with lower foreign-buyer depth. Underwrite longer marketing periods on exit and verify water, urbanisation, and community statutes on every coastal phase before staged payments.
Payment and guarantee discipline
TM Grupo runs large coastal pipelines with staged payments on Mar de Pulpi, Azure Icons, and Benidorm towers. Spanish Ley 20/2015 requires a named aval bancario before every transfer, regardless of family-developer reputation. Keep 10 to 13% all-in budget for IVA, AJD, notary, and registry on new build, and model net yield after 22 to 28% management on licensed STR units.
Frequently Asked Questions
TM Grupo Inmobiliario is a family developer founded in 1969 in Torrevieja by Jose Luis Serna Almodovar. Corporate materials cite more than 25,000 homes delivered and rank the group among Spain's top ten developers by turnover, with 26 ongoing projects and roughly 3,000 homes planned for 2024 through 2027.
Mar de Pulpi is a beach-apartment masterplan on the Almeria coast near Pulpi municipality, developed by TM Grupo Inmobiliario. Phase 9 on Invest Spain Property lists from approximately €170,000 in June 2026 marketing, one of the lowest entry tickets in the TM portfolio.
Mar de Pulpi entry near €170,000 sits well below typical Costa del Sol new build bands where Kronos Kosmos starts near €405,000 and Aedas Estepona hub near €307,000. Trade-offs include thinner resale liquidity than Alicante (43.29% foreign share in 2025) or Malaga (32.80%) and longer airport drives.
Spanish Ley 20/2015 requires individual aval bancario for off-plan deposits. TM Grupo runs large coastal pipelines with staged payments, but every buyer must verify a named guarantee with an independent lawyer before each transfer, regardless of family-developer reputation.
Invest Spain Property lists Azure Icons Calpe La Fossa from €520,000, TM Tower Benidorm, Coronella Living and Lagoons Village in Torrevieja, plus Valencia coast schemes Sunrise Canet and El Puig Beach Homes. Mar de Pulpi extends TM into Andalucia at value pricing.
Yes. Foreign nationals may purchase Spanish residential property with NIE, Spanish bank account, and independent legal counsel. Property does not grant residency after the Golden Visa real estate route ended 3 April 2025. Non-EU owners face 24% NRIT on gross rental income versus 19% for EU residents on net basis.
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