Convovi goes ahead with 140 new cooperative homes in Torrox with a €38 million investment.

The developer, Convovi, has backed an agreement to build 140 cooperative homes in Torrox. This plan brings forward fresh options for affordable housing through direct owner participation in a coastal Andalucian location. And the best of all is that they will be sold at cost price.

Spectacular location near the sea

Developers will build the project on land in Sector URP 12, situated just 300 metres from the beach in one of Torrox’s key urban expansion zones. Total investment will reach approximately €38 million. The scheme combines protected and open-market homes under a single cooperative framework.

Homes built at cost price

Participants in this Torrox promotion will access properties at cost price through full cooperative ownership. This approach removes typical market intermediaries and lets future residents shape their own homes from the start, deciding on key elements of the construction and decoration rather than the construction company. Around 40 per cent of the 140 units will feature some form of protection against future property speculation, while the remainder counts as general housing. Every dwelling follows cooperative principles focused on social economy and self-promotion.

Future potential buyers can join the cooperative immediately after the land deal closes. Early involvement allows them to influence design choices and specifications according to personal needs. Decision-making proceeds through transparent, collective processes that keep people at the heart of development.

Specialist resources from developer

Convovi will supply dedicated websites to support members throughout the project. Tools include Cooperopen, Cooperalquila, OIKO and Serficoop, all linked to the organisation’s Housing and Land Demand Register. These systems help channel interest, provide technical guidance and arrange financial backing across every stage. Open-book working groups will further improve transparency and enable close monitoring of progress.

Focus on nationwide affordable solutions

This Torrox scheme forms part of a wider drive to expand cooperative housing options across Spain. Organisers view cooperative models as practical responses to the ongoing challenges many families face in securing suitable accommodation. By placing control with residents, such projects deliver homes that match real requirements at more accessible prices.

Interest in the initiative remains huge as the developer continues to promote similar projects in other regions.