Where is the best place to buy a house in Spain? Here are the cheapest destinations.

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When thinking of buying a house in Spain, there are many options on where to look. In addition to factors such as work comfort or family well-being, you should also consider the cost per square meter or square foot in your desired locations. So, where is the cheapest real estate in Spain? And where is the cheapest coastal property in Spain? We have all the details on the cheapest place in Spain to buy property and where you should buy a house.

Life in Spain's major cities

If you are looking for a cheap place to live in Spain, it is best to avoid the major cities. The main Spanish cities such as Madrid and Barcelona are very modern but have historical architecture. Therefore, housing also contains design elements that have a high market value. To live in Spain's major cities, you usually need a high salary or a decent pension because living costs are much higher here than in other areas. However, Madrid, for example, is a great city for families and there are some more affordable options for living on the outskirts.

Cities on the Mediterranean coast

Resorts in Spain are particularly popular with local Spaniards and foreigners. There are three main benefits here: sun, sea and sangria! Unfortunately, due to overcrowding in places like Mallorca and Costa del Sol, prices have been rising for several years now. However, compared to other countries, living on Spain's Mediterranean coast is still quite affordable - in some areas of the Costa del Sol you can easily find a sea view apartment for less than 100,000 euros. A true bargain!

Look for more details on the cheapest coastal towns to buy property in Spain and on the Costa del Sol by checking out our guide.

Real Estate in Inner Spain

The best real estate deals can be found in Spanish cities and municipalities in the interior of the country. In little-known rural regions such as Castile-La Mancha, Castile and Leon and the wine-producing province of La Rioja, you should have no trouble finding a cheap farmhouse in the charming Spanish countryside. Some of the cheapest houses for sale in Spain can be found in the towns and villages of these inland regions. However, when choosing the perfect neighborhood in Spain, it is not enough to simply look at the economic value of the property itself. A neighborhood or a particular house can be really cheap, but remember to calculate how long it will take you to get from where you live to the nearest town, hospital, beach or airport. Fuel costs can have a significant impact on your monthly and annual expenses, especially given the rising inflation and cost of living crisis.

Where to find benefits in Spain

One very interesting coastal city in Spain is Alicante, where the average property price is around 1556 euro/m2, much lower than the Spanish average of 1888 euro/m2. On the southern coast of Spain, in the Andalusia region, prices can be quite high, but there are many places where the average selling price is lower. A particularly popular destination is Almeria, known for its well-preserved Moorish heritage, as well as the two coastal cities of its province, Mojacar and Vera. In the interior of Andalusia, the town of Martos, known for its excellent olive oil, is a very cheap town, with apartments for sale priced as low as €30,000. Another great option is real estate on the Costa Dorada, which is located south of Barcelona in the province of Tarragona. For those looking outside of mainland Spain, the Canary Islands also offer great options in the real estate sector and something for all budgets. Tenerife, the largest of the islands, offers many options of high quality villas available for under 200,000 euros. Wherever you look, remember that prices will fluctuate over time.

Follow idealista/news to keep up to date with the latest real estate prices in Spain. Read our tips on how to find cheap real estate in Spain.