Spain attracts investors, tourists and those wishing to live on the Mediterranean coast, not only with its incredible climate and local culture, but also with affordable real estate prices. Yes, there is a huge number of luxurious villas and respectable apartments and penthouses, but for those who want to buy an inexpensive house or apartment, there are always hundreds of offers on the coasts of Costa Blanca, Costa Calida and Valencia. The cheapest property in Spain in the primary market can cost from €60,000 – €70,000, which is considered a very good price for housing near the sea in a European country. If you are willing to live in a resale apartment (a home that has been owned previously), then the price can start from €40,000.
In this article, we want to talk about three regions where you can find the cheapest property to buy in Spain and not regret your choice. All three regions attract thousands and tens of thousands of investors and foreigners, which enables an active development in the field of construction and tourism, making your investments more profitable every year. Do not miss your chance to invest today in order to benefit from your purchase tomorrow!
Сheapest place to buy a villa in Spain: three best regions
All three presented regions have their own characteristics and attractive aspects, and therefore each of them is worth your attention. Well-developed infrastructure and tourism, ancient and modern architecture, a high standard of living, an abundance of entertainment, clean nature and an equally sunny and warm weather – this is what unites them into one. We suggest that you familiarize yourself with each of them, and, if necessary, read or watch detailed analyses on YouTube. This way, you will be able to find the cheapest place to buy a villa in Spain and not regret your choice.
Costa Calida, Murcia
A region with a measured pace of life, modest and small villages and the lowest property prices among all coastal regions. Tourism and investment in this province is only gaining momentum, and therefore you still have a chance to buy inexpensive and high-quality real estate near the sea. If you want to save as much as possible, consider small fishing villages where you can easily find villas and apartments ranging from €60,000 – €70,000. For this money, you get a primary market property (directly from the developer, no former owners) in cities such as:
- Fuente Alamo.
- Torre Pacheco.
- La Manga.
Costa Blanca, Alicante
It is not the place to look for the cheapest property to buy in Spain, but you can easily find compact apartments ranging from €60,000 – €100,000 in smaller towns. For this money, it is quite possible to find a 1-2 bedroom apartment within several kilometers from the city in towns with developed infrastructure and all the delights of life, including shopping and entertainment centers, cafes and shops, government institutions and everything that is necessary for a high-quality and comfortable life.
The best cities of the Costa Blanca, where you can find inexpensive real estate are:
- Los Montesinos.
- San Juan de Alicante.
- Outskirts of Torrevieja.
- Outskirts of Calpe.
If you are willing to consider the secondary market, you can easily find cheap villas and apartments in the most popular cities of the Costa Blanca, such as Alicante, Villamartin, Playa Flamenca and Ciudad Quesada. A good 2-3 bedroom resale apartment in these cities can cost between €60,000 and €80,000.
The region with one of the widest selections of inexpensive real estate in both the secondary and primary markets. The price here is slightly higher than in the previous two provinces – a good new apartment here can cost from € 90,000 and more. The secondary market is quite diverse, offering villas, townhouses, apartments and other types of housing at prices ranging from € 50,000 – € 60,000.
We cannot fail to mention that Valencia is a diverse province, and therefore it has both good and prosperous areas, as well as those where we do not recommend foreigners to buy real estate. Study the offers on the market and consult about the selected area with a real estate agent or the owner directly before deciding to buy.
How to find the cheapest property to buy in Spain and where to go?
Only you have the right to decide whether to contact real estate agency companies, or to look for the cheapest property to buy in Spain on your own. The first option will save a lot of time on studying all the subtleties and preparing all the documents, and the second is suitable for those who do not trust outsiders and want to hire a translator, lawyers and other specialists on their own. It is up to you to decide which option to choose, but we recommend trusting professionals and getting a comprehensive set of services and all problems will be solved and any difficulties handled in one place.