A Málaga developer is raffling two finished homes in Cuevas del Becerro. Each ticket costs €10. The draw is limited to 200,000 entries and is open only to adult residents of Spain.
In a move that stands out amid record housing prices in Málaga province, local developer Arkipromo has launched a lottery for two newly built homes in Cuevas del Becerro. Each property, valued at €180,000, will be awarded to the holders of winning tickets sold at just €10 apiece. The initiative, which opened this week, has already seen over a thousand tickets purchased within hours, according to company representatives.
The two houses, each offering more than 100 square meters across two floors, feature three bedrooms, a fully equipped kitchen, and a small patio. Located in the center of Cuevas del Becerro—a town of 1,617 residents about 20 minutes from Ronda and an hour from Málaga city—the homes are ready for immediate occupancy. The raffle is capped at 200,000 tickets, available exclusively to adults residing in Spain.
Arkipromo acquired and demolished a derelict building in the town, replacing it with two independent residences. The company emphasizes that winners are not required to use the homes as their primary residence and may choose to rent them out. Tickets can be purchased through the website Tucasapordiezeuros.es, with the draw scheduled for October 1. If all tickets are sold, the developer stands to collect €2 million—well above the combined market value of the properties.
The draw will be conducted before a notary, with two numbers selected—one for each home. If a drawn number corresponds to an unsold ticket, that prize will be declared void with no redraw or compensation. Winners will receive the keys on October 5 and must declare the property as a capital gain in their annual tax return. To assist with this, Arkipromo will provide €20,000 to help furnish the homes, and will cover all transfer and administrative costs.
Pedro Nieblas, mayor of Cuevas del Becerro, admitted initial skepticism about the project due to the bureaucratic hurdles involved. However, after months of preparation, the raffle received full regulatory approval. The Ministry of Social Rights, Consumer Affairs and Agenda 2030 has confirmed that the lottery complies with Spanish law, though it clarified that official authorization does not imply government sponsorship.
Arkipromo describes the raffle as a fully legal and transparent process, regulated by the Directorate General for the Regulation of Gambling. The company notes that similar housing lotteries are common in countries such as England, Australia, the United States, and Canada, and that Spain has seen comparable initiatives in recent years. For example, a 2020 draw in Vera (Almería) offered a 71-square-meter apartment for €5 per ticket, while earlier raffles in Castellón and Segorbe also attracted significant attention.
As the housing market in Spain continues to challenge buyers, alternative access routes like this lottery are gaining visibility. The trend echoes concerns raised in other regions, such as Barcelona, where the proliferation of tourist apartments has complicated the local rental landscape—a situation explored in detail in recent coverage of the city's ongoing struggle with short-term rentals.
Housing lotteries remain rare in Spain, but their emergence reflects both the creativity of developers and the growing demand for affordable homeownership. With the Cuevas del Becerro draw now underway, attention will focus on whether this model can offer a meaningful alternative in a market defined by high prices and limited supply.
For context, Spain's housing market has seen sustained price growth since the mid-2020s, particularly in Andalusia and coastal regions. Regulatory efforts to curb speculation and expand affordable housing have met with mixed results. While traditional sales remain dominant, innovative approaches like raffles and cooperative housing are being watched closely by both policymakers and potential buyers. The outcome of the Málaga lottery may influence similar initiatives in other parts of the country.
