Knowing where the cheapest property to buy in Spain is located means you can easily move to the Mediterranean coast and not pay more than necessary. The active development of the real estate market allows thousands of families to fulfill their dream of living by the sea every month. Take a few minutes to read this article, and you will find out where the cheap property in Spain can be found and which regions you should consider. Any of the options listed here are perfect for a comfortable life with your family, as well as a weekend home or an investment to earn money by renting out. All the possibilities of inexpensive real estate in Spain are available for you!
What is the cheapest area in Spain to buy property: Top 3
When answering the question “What is the cheapest area in Spain to buy property?” one cannot fail to mention such areas as Murcia, Alicante and Valencia. All three provinces are famous not only for cheap real estate but also for highly developed infrastructure, unforgettable nature and beaches, abundance of real estate for every taste, and a simply incomparable Spanish culture.
So, to determine where the cheapest property in Spain is, pay special attention to the Spanish real estate market in these provinces.
Property in Alicante, Costa Blanca
For those who prefer to live among many English-speaking locals, we suggest considering the cities of Orihuela Costa, Ciudad Quesada and Guardamar del Segura. They are home to many people from Britain and the United States, so it is easy to find inexpensive real estate in the neighbourhood of English-speaking communities.
Approximate prices for affordable real estate on the Costa Blanca as of 2022 are as follows:
- Apartments in residential complexes – from € 70,000.
- Townhouses in a comfortable area – from € 100,000.
- Private villas with a garage and a swimming pool – from €150,000 – €200,000 and more.
- Bungalows and Duplexes of various sizes – ranging from €80,000 – €100,000, depending on location and amenities.
If you want to find real estate in Spain even cheaper, consider the northern cities and towns of the Costa Blanca. There are many towns around Denia where property prices start from €50-55,000.
Cheap property in Costa Calida, Murcia
When discussing the cheapest area to buy property in Spain, one cannot fail to mention Murcia. It is an attractive region with towns and villages where you can buy cheap property in Spain. Most properties here are new as the property development companies are actively exploring the territory for resort purposes.
The most popular cities near the sea are Suchina, San Pedro del Pinatar and Pilar de la Horadada. Prices do not differ much in Los Alcazares, and if you want to live in the heart of modern infrastructure – you can find cheap houses and apartments in the city of Murcia itself with little effort.
The following factors affect the price in this region:
- The popularity of the city or village.
- Adaptability to resort life and receiving tourists.
- Distance to the sea.
- Distance to the airport and other infrastructure.
- The prestige of the residential complex.
You can find the cheapest villas here at prices ranging from €120,000 to €150,000. For this money, you can find a compact 2-3 bedroom house with a small pool and other comforts. Townhouses in the cities of the Costa Calida province cost from € 100,000, while apartments cost about €80,000 – €90,000.
Inexpensive houses and apartments in Valencia: myth or reality?
Despite the seemingly high cost of housing in Valencia, you can find cheap Spanish property near Valencia and in some city districts. For example, in Gandia, you can find new properties for around 1020 euros per m2. For this money, you get an excellent tourist infrastructure and everything necessary for people of all categories and ages.
You can find real estate, which will not be much more expensive in towns such as Culler, Sagunto and Oliva. These small towns grew from the villages and are now very popular among foreigners and local residents who want decent housing and a bonus in the form of excellent infrastructure and a healthy maritime climate for reasonable money.
Finding cheap property in Spain is easy!
Now you know where the cheapest place to buy property in Spain is. The only thing left is to find a way to buy it. You can do it yourself or contact a real estate agency in Spain and leave it to them.