Cheap property for sale in Spain
VirtoProperty offers 36 of cheap properties, including a large selection of Spanish villas, apartments and houses located in different parts of Spain with average asking price from € 62.500 up to € 248.900 with daily updates. Some families and couples are now looking for cheap Spanish houses to make it their summer residence or to spend seasonal holidays in the Mediterranean. Usually inexpensive real estate requires repair or doesn’t have an elevator, so it is important to pay attention to these things at the viewing stage. Such properties are usually far from the sea, so in this case it is advised to have a driving license.
Spain's property prices
Investors are actively hunting for villas for sale. An affordable villa is a nice catch and a desired purchase at the market of property in Spain. Often, cheap villas require repair or are located far from the sea, in this case it is better to have a car. You can also make a good deal by buying a property in a gated complex of townhouses and a communal pool. See current offers of cheap Spanish homes on this page.
In October 2020, the average price for real estate in Spain is 1752 euros per square meter. However, there are some beneficial areas that we advise to consider. Among coastal regions of particular interest are Valencian Community 1.406 €/m2. As well as Murcia 1.048 €/m2, one of the most promising regions for investment from the expert point of view.
Where to buy cheapest property in Spain
Of the coastal resorts, there are many offers for the cheapest property in Valencia and Murcia now – these are the regions with the healthiest climate. In recent years, foreign buyers have fallen in love with Alicante. On the Costa Blanca, there is a large selection of bargain real estate, especially apartments for sale. Besides, many interesting offers come from Catalonia, Andalusia, Balearic and Canary Islands. You can read more about popular destinations here.
Frequently Asked Questions
According to the statistics from numbeo, the average cost of living in Barcelona in November 2020 is 690 euros per month. This is one of the highest rates in the country. In Malaga the cost of living is estimated at 590 euros, in Alicante – 570 euros.
Spain's economy ranks fifth in the European Union. The country is rich in land for development, there are enough vacant plots in different climatic zones for every preference. Local developers are famous for using quality materials and high speed of work. In some regions of Spain heating is not required, and due to the mild climate, buildings deteriorate slowly. There is also access to resources for construction materials due to the surplus of sand and stone in Spain. There is a large selection of small houses and apartments – this allows you to buy affordable vacation property.
This is only true for the resale properties, which have fallen in price over 2020. On the contrary, new buildings are growing in price, as customers are looking for a new and reliable property in these difficult times, and the developers' costs have increased by about 7% due to newly established safety instructions. If you want to understand how the pandemic has affected Spanish housing and what is happening in the market now, read this article.
The most common mistake is choosing a bad neighbourhood to live in. Real estate is much cheaper there compared to the average price on the market. The fee for this is undesirable neighbors. Always check why the housing is much cheaper in the chosen area. How not to make the wrong choice? Read in this article.
Yes, this kind of offer appears sometimes. Unfortunately, it’s not that simple: usually abandoned houses or even entire villages are sold for a 1 euro fee, but with the burden of reconstruction. For example, the new owner is obliged to reconstruct the whole area within three years. This is how the Spanish authorities attract investments to the abandoned places.
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