Although the Spanish market is known for its premium segment, villas in Marbella to penthouses in Barcelona. You can buy affordable housing in Spain, even by the sea. Inland provinces and parts of the coast maintain prices significantly below the market average. While the average price per square meter nationwide hovers around €2,500/m², in some regions, housing can be found for €1,000–€1,500/m² or even less.
Features and Benefits of Affordable Real Estate in Spain
Affordable housing in Spain is primarily attractive due to its affordability. However, it also offers high rental potential at relatively low costs, especially in resort areas.
It's important to note that when talking about affordable housing, we don't always mean cramped studio apartments with a single room. Houses in rural areas are also popular options; while they may require renovation, they're still significantly cheaper than apartments in new buildings.
Cheap Property for Sale in Spain
Budget properties are most often located inland. Affordable seaside properties in Spain are represented by small apartments and studios on the Costa Blanca, Costa del Sol, and Murcia.
Average prices for budget real estate in Spain:
| Type of housing |
Region |
Average price (€) |
| Studio/one-room apartment |
Costa Blanca (Torrevieja, Alicante) |
30,000–60,000 |
| Apartments (2-3 bedrooms) |
Murcia (Los Alcazares) |
50,000–80,000 |
| House/townhouse |
Castile-La Mancha |
60,000–100,000 |
| Apartment (1-2 bedrooms) |
Andalusia (Almeria) |
45,000–70,000 |
| Studio |
Valencia |
40,000–65,000 |
Where to Buy Affordable Housing in Spain
Affordable property in Spain is available in various regions. Torrevieja (Costa Blanca) is considered the most affordable. This city on the Mediterranean coast offers studios starting from €30,000 and apartments from €50,000.
Other budget cities:
- Los Alcazares (Murcia). A small coastal town with affordable real estate. One-bedroom apartments start from €45,000, and its proximity to golf courses and the beaches of the Mar Menor makes it an attractive holiday destination.
- Almeria (Andalusia). A region with a mild climate and low prices. Apartments by the sea in Andalusia can be purchased for 45,000–70,000 euros, and houses in rural areas from 60,000 euros.
- Toledo (Castilla-La Mancha). A rural area with spacious homes starting from €60,000. Ideal for those seeking a quiet life away from the tourist areas.
- Lignola (Catalonia). The cheapest municipality in Catalonia, where the average price per square meter is around €470. Ideal for those who want to live close to Barcelona but at an affordable price.
