Searching for Spanish property can be like looking for a needle in a haystack. The country is so vast and offers such huge choice and variety that it can be difficult to know where to start.
Most potential purchasers will be working within a budget and, like any country, Spain has its expensive and inexpensive areas. To get a quick overview of the most expensive (Barcelona province with an average house price of €490,000) and the least expensive (Jaen province with an average house price of €52,500), grab the latest edition of the Kyero house price index.
Coastal properties tend to fetch a premium compared to inland properties, and properties located within a major city, naturally are more expensive. However, there are some very notable exceptions.
We've already mentioned Barcelona province being at the top of the house price scale, and property in Barcelona city is even more so with an average property price of over €500,000. (You can drill down into detailed house prices by town for every location Kyero has properties, here's an example of Barcelona city house prices
For anyone familiar with Barcelona city, it's not difficult to understand why property here would fetch a premium:
- It's a proper (and beautiful) city
- It's on the Mediterranean coast
- It enjoys an enviable climate (compared to most of Northern Europe)
- It has great transport links
Of course, Barcelona has many more qualities that make it top the house price scale, but most people would value the four mentioned above.
So, where else in Spain is like Barcelona city, but significantly less expensive to purchase property in?
Our top picks are:
- Alicante city - average house price €120,000
- Valencia city - average house price €230,000
- Malaga city - average house price €354,000
- And last, but not least: Seville city - average house price €458,000
All of these cities share the same four attributes as Barcelona city and are certainly worth investigating further. Of course, many potential property buyers will be steering well clear of the Spanish coastline and heading inland for even cheaper property and a taste of the real Spain.
Our favourite areas to investigate are:
La Rioja in the north of Spain - worth a visit if only to sample it's world famous red wines and equally delightful whites.
Bilbao is on Spain's northern coast and many drive through it to get to somewhere else. But Bilbao is another hidden gem - it even has a Guggenheim museum.
Santiago de Compostela is on Spain's rugged Western coast and is the end of many a pilgrim's journey.
Last, but not least, Castilla La Mancha is home to Don Quixote and those incredible windmills.
Spain is vast, and around each corner there seems to be a new facet, tradition, culture, fiesta or surprise. Our best advice is to plan a trip (long term rentals and holiday rental properties are in abundance) and have a look around. At worst, you'll have an exciting holiday or weekend break - and you might even find yourself a new home in Spain.