Cheapest Places To Buy A Property In Spain

Cheapest Places To Buy A Property In Spain

Are you looking to make a move to Spain but are unsure where to begin? This article is here to help you discover the cheapest places to buy a property in Spain, so you can take the plunge without going out of budget. 

Following a temporary drop in the aftermath of the pandemic, the success of the Spanish property market is back on the rise once again in 2021. The start of 2022 has shown a record-breaking February for Mercers: with 25 sales in 28 days! After all, there’s a reason why Spain is such a popular destination for expats, holidaymakers and relocators. Putting aside the idyllic weather, delicious cuisine and beautiful cultural sights, one big draw of Spain is the competitive housing prices. Boasting the 6th best economy in the EU, housing prices in Spain are, on average, indisputably cheaper than prices in the UK. 

If you think that it’s finally time to purchase your dream villa and start making memories abroad, read on to find out how you can find the cheapest places to buy property in Spain. 

Inland or coastal?
 

If you were to play word association with Spain, we’re sure that the phrases ‘beach’ or ‘sea view’ would crop up pretty early on. One of the big draws of Spain are it’s many soft, white, sandy beaches with crystal-clear waters, perfect for soaking up the weather that remains near perfection all year round. 

However, whilst the coastal areas of Spain are indisputably beautiful, you’re more likely to find cheap places to buy a property in Spain inland. One example of this is the stunning El Pareton, a small and authentic Spanish village that lies inland in the Murcia region and is particularly popular with expats. To draw an illustrative comparison, you can purchase a 3000m2 six bedroom Finca in El Pareton for only €230,000. Meanwhile, a 1000m2 three bedroom detached property in the coastal Bolnuevo comes in at a more costly €890,000. 

Cheap property in Murcia, Spain
 

Of course, small villages aren’t for everyone. For those who love the hustle and bustle of the big city, Murcia is one of Spain’s hidden gems. Despite being one of the largest Spanish cities in terms of population, Murcia isn’t as commonly visited by tourists. This means that the city exudes Spanish charm and authentic culture, allowing you to have a real and traditional experience. Enjoy historic sites, unique architecture, a delightful city centre and so much more. 

Murcia is a surprisingly cheap city, meaning that, if you’re looking to get a real and exciting Spanish experience on a budget, this could be the place for you. The estimated monthly cost of living in Murcia is around €875, making it the third cheapest city in Spain. Of course, the perks don’t end there - it’s also easy to find cheap property in Murcia, Spain. Just take a look at the properties we’re selling in Murcia City and snap one up before it’s too late. 

Something a little different
 

If you’re looking for the cheapest place to buy a property in Spain but neither a thriving city nor a small village suits your wishes, don’t give up just yet. There are plenty of unique spots, particularly in the Murcia region, that offer a cheap, yet exciting and authentic, Spanish living experience. 

One spot that’s currently popular with expats and tourists alike is La Manga. A coastline region that’s surprisingly affordable, La Manga boasts a host of famous sights and activities, including the stunning Mar Menor, a beautiful and warm saltwater lagoon that is separated from the Mediterranean Sea by a 22km sand bar. La Manga is also home to the popular La Manga Club, which includes all the luxury features you could possibly need: tennis courts, golf, its own beach and much more. The popularity of La Manga makes buying a property here a fantastic investment, with almost guaranteed opportunities to rent out your new home when it isn’t in use. 

If living near a resort or club similar to the La Manga Club is something that appeals to you, the Polaris World Golf Resort in Condado de Alhama is another great option for inexpensive and luxury living. For more information, click here. 

What are you waiting for?
 

At Mercers, we provide a versatile selection of the cheapest places to buy a property in Spain. With hundreds of satisfied customers and plenty of awards and accreditations, we truly are the number one choice for Spanish property. Speak to an agent today for more information about how we can make your dreams come true.