Affordable Apartments in Spain: Review of 5 Options from €58,000

The average cost per square meter of housing in Spain currently ranges around €2,000, though this varies significantly by region: in central provinces, prices start at €900/m², while in Madrid, Barcelona, or the Balearic Islands, they exceed €4,000/m². Nevertheless, Spanish real estate remains consistently popular among foreign investors, who account for about 20% of transactions. The REALTING database offers apartments in Spain for every taste and budget, and we’ve compiled 5 relatively affordable yet attractive options for you.

Studio in Torrevieja for €58,121

A 38 m² studio is for sale in the center of Torrevieja, located on the third floor of a building with an elevator. The layout features an open-plan space with a bedroom area, living room, and kitchen, plus a bathroom and a terrace.

The apartment is just 300 meters from the port and 200 meters from the town hall — an excellent location for tourist rentals. It’s in good condition and requires no additional investment. However, the small size makes it unsuitable for large families, though it’s perfect for a couple of tourists.

Apartment in Alicante for €118,472

A 69 m² two-bedroom apartment is for sale in a suburb of Alicante, on the third floor of a building without an elevator. The layout includes a living room with a balcony, a kitchen with a gallery, three bedrooms, and a bathroom. A nice bonus is the additional storage room in the hallway.

The obvious downsides are the lack of an elevator and its non-central location. However, the apartment is move-in ready, with bright rooms, as evident from the photos. The area has all necessary amenities: a medical center, pharmacies, and schools. The price per square meter is about €1,717, which is quite reasonable for the Alicante region.

Studio in Calpe for €144,673

A 43 m² studio is available in the prestigious Galetamar aparthotel in Calpe, located on the ground floor. The apartment includes a kitchen, sleeping area, bathroom, and a 10 m² terrace with direct access to the pool — very convenient. The complex features shared pools and well-maintained green areas.

A major advantage is that the price includes a parking space, which is highly valuable in tourist-heavy Calpe. Its location steps away from a picturesque bay will definitely attract holidaymakers. The property can be booked online and purchased with a bank loan at 3–6% annual interest.

Apartment in Torrevieja for €133,099

A nice two-room apartment of 81 m² is for sale in the Parque de las Naciones area of Torrevieja, on the fourth floor of a five-story building. This resort town is famous for its wide sandy beaches and numerous saltwater lagoons.

The layout includes two bedrooms, a bathroom, a kitchen, and a living room with access to a terrace. The apartment is fully furnished and equipped with appliances, making it ready for immediate rental.

The beach is just 800 meters away on foot — a significant advantage for tourists. However, the listing does not specify whether the building has an elevator or the condition of the property itself.

Studio in Tenerife for €145,186

A 40 m² studio is for sale in the Callao Salvaje resort area of Tenerife, in a complex on the first coastline. The apartment is fully equipped with air conditioning, a safe, and satellite TV. The terrace offers ocean views.

The main advantage is its location in the Canary Islands, where tourists visit year-round. The complex includes a restaurant and a pool with ocean water, and there’s a volcanic sand beach nearby. The price is one of the highest in this review, but with high rental income, this investment could prove to be a “golden” opportunity.