Local developer Arkipromo has launched a raffle for two newly built homes in Cuevas del Becerro, Málaga province, where housing prices are at record highs. Each property is valued at €180,000, and tickets cost €10. Company representatives say more than a thousand tickets were purchased within hours of the raffle opening this week.
The two homes each offer more than 100 square meters across two floors. Each has three bedrooms and a fully equipped kitchen, plus a small patio. They are in the center of Cuevas del Becerro, a town of 1,617 residents about 20 minutes from Ronda and an hour from Málaga city, and are ready for immediate occupancy. The raffle is capped at 200,000 tickets and is open only to adults residing in Spain.
Arkipromo acquired and demolished a derelict building in the town, replacing it with two independent residences. Winners will not have to use the homes as their primary residence and may rent them out. Tickets are available through Tucasapordiezeuros.es, and the draw is scheduled for October 1. If all tickets are sold, the developer stands to collect €2 million, well above the properties’ combined market value.
The draw will take place before a notary, who will select two numbers, one for each home. If a number drawn 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 on their annual tax return. Arkipromo will provide €20,000 to help furnish the homes and cover all transfer and administrative costs.
Pedro Nieblas, mayor of Cuevas del Becerro, said he was initially skeptical of the project because of the bureaucratic hurdles involved. After months of preparation, the raffle received full regulatory approval. The Ministry of Social Rights, Consumer Affairs and Agenda 2030 confirmed that the lottery complies with Spanish law, while clarifying that official authorization does not imply government sponsorship.
Arkipromo describes the raffle as a legal and transparent process regulated by the Directorate General for the Regulation of Gambling. The company says similar housing lotteries are common in England and Australia, as well as in the United States and Canada, and that Spain has seen comparable initiatives in recent years. A 2020 draw in Vera (Almería), for example, offered a 71-square-meter apartment for €5 per ticket, while earlier raffles in Castellón and Segorbe also attracted impressive attention.
The INE, in its 2026 Urban Indicators release, reported that average home-sale transaction values for 2025 ranged from €57,698 in Puertollano, Ciudad Real, to €981,485 in Calvià, Mallorca, a gap of roughly 17 to one. The figures show how sharply housing costs can vary by location. The raffle’s stated €180,000 value for each Cuevas del Becerro home is separate from those national municipal averages.
Affordability is also shaped by incomes. The INE reported that Spain’s average net income per person rose 6.1% in 2024 to €15,948, using tax data from the national and regional authorities and assigning income information from recipients’ place of residence. That national measure provides broader economic context for housing costs, but does not describe the circumstances of individual residents in Cuevas del Becerro.
Publicly supported housing is another part of Andalusia’s response to affordability pressures. Between late July and October 2026, the regional government delivered 277 protected or affordable rental homes in Sevilla and Málaga. Almería was also among the provinces covered. The program involved more than €16 million in investment across eight developments. In Málaga province, two developments in Almargen accounted for 14 of those homes.
As Spain’s housing market continues to challenge buyers, alternative routes to homeownership, including lotteries, are gaining visibility. In Barcelona, the proliferation of tourist apartments has complicated the local rental field, a situation explored in recent coverage of the city's ongoing struggle with short-term rentals.
Housing lotteries remain rare in Spain. Their emergence reflects developers’ experiments with alternative sales models amid growing demand for affordable homeownership. With the Cuevas del Becerro draw underway, attention will focus on whether the model can offer another option in a market defined by high prices and limited supply.
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 had mixed results. Traditional sales remain dominant, while policymakers and potential buyers are watching approaches such as raffles and cooperative housing. The outcome of the Málaga lottery may influence similar initiatives elsewhere in the country.
