What are the average prices of coastal property in Spain?
There is an increased demand for Spanish beach real estate. The cost of such property starts from €2,000-3,000 per sq. m. At this price, one can buy a cozy private house or small apartments in Benahavís, Málaga, Marbella and other resort cities.
High-end Spanish coastal homes will cost 2-3 times more. For example, spacious villas and townhouses are almost €5,000-6,000 per square meter. Within this price range, there are properties in many regions of the country.
Is it possible to buy Spanish real estate by the sea for up to €100,000?
Low-cost property on the coast of Spain is mainly in the Costa Blanca region. Here apartment prices sum up to about €40,000-60,000. This refers to the following objects:
- one-room apartments;
- studio apartments;
- small bungalows.
Such beach property in Spain is often renovated and furnished. Private houses and townhouses will cost more, around €70,000-80,000.
Is it profitable to buy sea real estate in Spain to rent it out?
Coastal housing can make a significant income if an owner profitably rents out their objects. By doing so, one can get an annual profit of more than €100,000. Stable earnings will pay back the investment amount in 2-3 years.