Where is the cheapest property on the coast in Spain?
What’s on this page?
- Why is Spain so attractive to property buyers?
- Factors Influencing Coastal Property Prices in Spain
- Top Regions for Affordable Coastal Property in Spain
- Other Notable Affordable Areas
- Tips for Buying Affordable Coastal Property in Spain
- Conclusion
Spain is a country of sun, sea, recreation, good prices and quality real estate. Every year, the number of happy homeowners on the coast of Spain is about 150,000 people. 15% of the total number of real estate deals are made by foreigners. The WTG Spain team has prepared for you an interesting guide on the advantages of investing in Spanish real estate, as well answers for the most popular question “where is the cheapest coastal property in Spain?”.
Why is Spain so attractive to property buyers?
The people of Spain are known for their calm and unhurried approach to life. The siesta, a common lunch break, is still part of the culture in many regions. It allows you to enjoy life and reduce stress. People love this unhurried rhythm, and nature, climate, products, affordable and high-quality medicine also contribute to this. Buyers are also impressed by the prices, because despite the uniqueness, traditions and cultural heritage, there are regions where you can still find the cheapest property in Spain.
The WTG Spain team has selected the main factors why homeowners in Spain choose this country for investment:
1. Favorable conditions for investors.
Property prices in Spain remain quite attractive compared to other European countries, making it a good choice for investors. In addition, the Spanish government offers various tax incentives for foreign buyers.
|
ATTRACTIVE PRICES |
TAX BENEFITS | ECONOMIC GROWTH |
| After the 2008 financial crisis, real estate prices in Spain have fallen significantly, creating excellent investment opportunities. For example, apartments on the Costa Blanca or Costa del Sol can be purchased at significantly lower prices than similar properties in other European countries, such as France or Italy. | Spain offers various tax incentives for foreign property buyers. For example, there are significant property tax rebates for residents, and some areas even offer tax breaks for retirees. Investors who rent their properties can also take advantage of tax deductions. | Spain's economy shows stable growth, which makes it attractive for long-term investments. In particular, the tourism sector continues to actively develop, which increases the demand for rental real estate in popular resort areas. |
2. Unique climate.
The Mediterranean coast is especially attractive, where winters are mild and summers are warm, but not hot. This is an ideal place for those who dream of a comfortable vacation or permanent residence in favorable weather conditions. Spain has a wealth of natural landscapes, including picturesque beaches, mountains, national parks and nature reserves.
3. Developed infrastructure for recreation.
Spain offers a huge selection of entertainment and cultural activities. From famous festivals such as La Tomatina and San Fermín to high-end restaurants and wine tours. The country offers a wide range of leisure opportunities. In addition, some of the best golf courses in the world are located here.
4. Historical and cultural heritage.
Spain is a country with a rich history and culture. From Roman ruins to Moorish palaces like the Alhambra to Gaudi's modern masterpieces in Barcelona, there's always something to explore. Property owners can enjoy architectural and cultural riches right at their doorstep.
5. High quality of life.
Spain regularly ranks high in the rankings of countries with a high quality of life. For example, the Spanish healthcare system is among the best in the world. According to the Bloomberg Healthiest Country Index, Spain is recognized as the healthiest country in the world and has been on top of the rating for at least 5 recent years. Here, public hospitals provide a high level of healthcare, while the private healthcare system offers even more options for patients.
_1724921411.webp)
Factors Influencing Coastal Property Prices in Spain
Prices for coastal real estate in Spain are formed under the influence of a wide range of factors such as:
- the general state of the economy in the country,
- location of real estate,
- popularity among tourists,
- communities of foreigners,
- environmental conditions.
Understanding these factors helps potential buyers and investors make informed decisions about buying property in Spain.
Comparison of coastal versus inland property prices
Currently, the average price of a house for sale in Spain is € 2809 per square meter if new or € 1801 per square meter if previously owned. This means that a spacious three or four bedroom apartment on the secondary market could cost you € 180,100. And if you choose among new buildings, the cost will actually double - over 280,000 euros.
The price of real estate located near the coast traditionally has the highest price. But there are several coastal regions that have the cheapest coastal property in Spain, such as Costa del Azar, Costa Calida and Costa de Almeria.
Top Regions for Affordable Coastal Property in Spain
The Costa del Azar, or "Orange Blossom Coast", is located in the eastern part of Spain in the province of Castellón. It is a Mediterranean coast with long sandy beaches, rocky coves and picturesque fishing villages. This region is considered one of the cheapest places to buy property in Spain.
Property prices on the Costa del Azar are relatively affordable compared to other coastal regions of Spain such as the Costa del Sol or the Balearic Islands.
| AVERAGE PROPERTY PRICES IN COSTA DEL AZAR | |
| Apartments | from 1200 to 1800 euros/m² |
| Houses | from 1500 to 2200 euros/m² |
Although the Costa del Azar is quite a popular region among tourists, it is less crowded than other coasts, which lowers property prices. In recent years, the region has been actively developing, which contributes to improving the infrastructure and improving the quality of life, but it is the cheapest place in Spain to buy property. Thanks to the development of tourism and infrastructure, investors can expect real estate prices to increase in the future. Also, local authorities actively support foreign investors and promote the development of the region, which makes it attractive for buying real estate.
The Costa Calida, or "Warm Coast," is located in the autonomous community of Murcia in southeastern Spain. This region is characterized by a unique climate, and interesting activities from golf to water sports, hiking and wellness treatments. And another pleasant thing: Costa Calida is the cheapest coastal property in Spain.
Property prices here vary depending on the location, the condition of the property and the availability of additional amenities such as a pool or garden.
| AVERAGE PROPERTY PRICES IN COSTA CALIDA | |
| Apartments | from 1000 to 1500 euros/m² |
| Houses | from 1500 to 2500 euros/m² |
Infrastructure projects, such as new roads and airports, are just beginning to develop, reducing current property prices. A large number of available plots of land for construction allows to keep real estate prices at a lower level. In the region of Murcia, economic development is not as fast as in the more developed tourist regions of Spain, which also affects the affordability of property prices.
Costa de Almeria, located in the southeast of Spain in the province of Almeria (part of the autonomous community of Andalusia). This region is one of the driest and sunniest regions in Europe. The Costa de Almeria is known for its beautiful beaches, rocky coves and desert landscapes. It is home to natural parks such as the Desert de Almeria, reminiscent of landscapes from the Wild West.
This region can also be considered among those that have the cheapest property in Spain. Prices as of July 2024 are still lower than in more popular coastal areas.
| AVERAGE PROPERTY PRICES IN COSTA DE ALMERIA | |
| Apartments | from 1000 to 1500 euros/m² |
| Houses | from 1200 to 1800 euros/m² |
The Costa de Almeria region is less developed compared to other coasts, which leads to less competition in the real estate market. However, vacant plots of land and a lower level of construction compared to other popular regions allow prices to be kept at a low level. Even here, real estate prices are influenced by the level of income and economic development in the region. It is not as high as in large tourist centers.
Other Notable Affordable Areas
| NAME | LOCATION | AVERAGE PRICES | FEATURES |
| Costa de San Juan | Valencia | 1500-2000 euros/m² | Less developed compared to other coastal regions of Valencia, but with a pleasant climate and affordable housing prices. |
| Costa de Alicante | The southern region of Alicante, part of the Costa Blanca | 1500-2000 euros/m² in some less popular areas | Some of the smaller towns and areas on the Costa Blanca offer affordable property prices compared to the more popular resorts. |
| Costa de Tramontana | Northwest Spain, Catalonia | 1200-1600 euros/m² | A lesser known, peaceful region with beautiful beaches and mountain scenery. A great place for those looking for a more authentic and peaceful way of life. |
| Costa de Galicia | Northwest Spain, Galicia | 1000-1400 euros/m² | The region is known for its green landscape and cooler climate. Less tourist activity compared to other coasts. |
Tips for Buying Affordable Coastal Property in Spain
If you are looking for the cheapest property in Spain, here are some tips to help you find good deals:
- Consider less popular coasts such as the Costa de Galicia or the Costa de Almeria. These areas often offer the cheapest properties due to lower demand.
- Compare real estate prices in various coastal cities and towns.
- Consider additional costs such as taxes, agent commissions and maintenance costs. In less popular regions, these costs may be lower.
- Choose a property that needs repair or renovation. Such properties often have a significantly lower starting price and can be a profitable investment after restoration.
- Do not be afraid to bargain. In less competitive markets, owners may be more willing to lower prices or offer favorable terms for a quick sale.
When choosing the cheapest place in Spain to buy property, it is important to consider not only the price, but also all related factors that may affect your investment. By choosing less popular regions, analyzing local markets and approaching the buying process correctly, you can secure yourself a good deal on coastal real estate.
Buying real estate in Spain requires a careful approach to legal and financial aspects. It is important to provide the right legal support, check all documents in detail, understand all financial costs and taxes, as well as properly plan your financial resources. Our specialists from WTG Spain will help you with this.
Conclusion:
Affordable regions in Spain such as Costa de Almería, Costa de Galicia, Costa de Tramontana and Costa Calida offer the cheapest property in Spain with unique advantages. They are characterized by less popularity and low demand, which makes them ideal for profitable investments or buying housing at a moderate price. These regions have great potential for investment due to a relaxed lifestyle, attractive climate and prospects for further growth in real estate values.
