Do you want to live in a land surrounded by fine wines, sunkissed beaches and charming hilltop cities?
If that is the case, look no further than the European powerhouse that is Spain!
The nation is home to over 47.5 million people, and the population continues to grow at around 0.41%. People come from around the globe to relocate to the stunning countryside or busy cities.
There are several reasons to move to Spain. But the most significant reason is that it has one of the cheapest European property markets.
You can snap up a high-end villa at rock-bottom prices. However, you need to know where to search for properties in Spain.
So, continue reading to uncover the location of Spain’s cheapest property!
Provence of Toledo
The Province of Toledo lies in the centre of the country. It is only a one-hour drive from the busy streets of Madrid. Yet, the area has rustic settings and a much more relaxed way of life.
People know the area for its historical villages and rugged landscapes. Throughout its life, many different civilisations ruled the land. The region’s food, culture and architecture reflect the mix of influences.
Today, Toledo is the capital of the province. The city has less than 90,000 inhabitants. Nevertheless, the streets fill with tourists in the summer hoping to soak up the atmosphere in the Old Town and the museums dotted around town.
The cheapest towns for buying property here are:
- Alcaudete de la Jara
- El Carpio de Tajo
- Cebolla
- Miguel Esteban
- Villacañas
Province of Cordoba
The city of Cordoba is one of the most impressive cities in Spain. During the year, its population doubles as almost half a million tourists flock to the area. They come to stroll the ancient roman walkways but mostly to witness La Mezquita, which dates back to 784 A.D.
Unfortunately, the city is not one of the cheapest in Spain. However, there are plenty of towns in the region a short drive away down below.
- Fuente Obejuna
- Belmez
- Peñarroya-Pueblonuevo
- Moriles
Each of the above towns has a unique character. Yet each one possesses a few similarities.
They are all further inland, so the towns stay heated for long periods. The locals are warm and welcoming. And most notably, they offer a traditional Spanish lifestyle.
Province of Ciudad Real
Sandwiched between Madrid in the north and Malaga in the south, the region lies in the heart of Spain. Ciudad Real is 190km south of Madrid, and it takes under 2.5 hours to reach the capital. The province sits 320 km north of Malaga, and the journey will take 3.5-4 hours.
Almadén is the cheapest town in the area to become a property owner. The average home price here is 398 euros/m2, which is much lower than the national average.
There are plenty of amenities, facilities and activities to keep you entertained here. Therefore, you don’t need to travel a couple of hours in your car to enjoy the weekends.
Some other cheap towns and villages for buying property in Ciudad Real are:
- Calzada de Calatrava
- Malagon
- Torralba de Calatrava
- Socuéllamos
- Campo de Criptana
Province of Murcia
Murcia is in the sunny southeast of Spain along the famous Costa del Sol. It is one of the smallest provinces, but it packs a punch.
The region sits aside the balmy Mediterranean Sea, so expect year-round sunshine.
The summer season lasts over three months, from early June to Mid September. August is the hottest month of the year when there is an average daily high temperature of 33°C.
You can take in all that sunshine along the 40km coastline on one of the many golden sandy beaches. Or cool off with ice cream in a lovely seaside village lining the seaboard.
The cheapest places to buy a home in Murcia are:
- Bullas
- Mar Menor
- Mazarron
- Aguilas
- Fortuna
Province of Cuenca
From the coast and beaches, we move inland to rolling hills and historic towns. Cuenca covers over 17,100 square km of breathtaking land and is the homeplace of 196,500 inhabitants.
The region is just far enough away from the sea and Madrid, so there are many affordable properties here. But they are still within a 2-hour drive from both.
Cuenca is a haven for nature and outdoor lovers. Two favoured nature reserves are Serrania de Cuenca and Torcas de Palancares y Tierra Muerta. In your free time, it is the perfect spot to relax in the wilderness and take a break from the stresses of life.
If you want an affordable home away from the overcrowded streets of major cities, take a look at homes in:
- Mota del Cuervo
- Horcajo de Santiago
- Palomera
- Alarcón
- Carrascosa
Province of Malaga
Malaga might not be the cheapest province on this list, but it arguably offers the best value for money. You can find anything from luxury properties to budget-friendly cosy villas. And the best part is they are surrounded by the Mediterranean Sea and the best of Spain’s outdoors.
The region is famous for holidaymakers looking to take a well-earned break in the sun. Some of the most popular tourist cities are Torremolinos, Benalmádena and Fuengirola. On either side of those towns are the stylish cities of Malaga and Marbella.
Malaga is ranked as one of the cheapest major cities in Spain. According to Numbeo, the average rental price for a property within the city centre is €724. Outside the centre, it is only €579.
You will find much cheaper rental and buying prices outside the capital city. Some get alternative cities for reasonable property in the region are the following:
- Mijas
- Estepona
- Ronda
- Nerja
The Cheapest Property in Spain
Spain has numerous reasonably priced homes scattered around the nation. But if you know where to look, you can find the cheapest property and make the most of your hard-earned cash.
After reading this article, you know the best areas to become a property owner in Spain. And you are one step closer to finding your dream home in the Spanish sun.
So why not search for your dream home today? We can help you get your house hunt up and running, and your can turn your dream into a reality!