What IS cheap Spanish property?

Is any property below €50,000 a cheap Spanish property? Are cheap Spanish properties only to be found at auction or as bank repossessions? How much below market value does a Spanish property need to be to be considered cheap?

Continue reading: What IS cheap Spanish property?

Spain property prices

Average house prices for 1 bed properties in Spain


Q1 Q2 Q3 Q4
2005 No data No data € 149 K € 146 K
2006 € 149 K € 152 K € 150 K € 153 K
2007 € 146 K € 148 K € 150 K € 150 K
2008 € 147 K € 145 K € 141 K € 136 K
2009 € 133 K € 132 K € 129 K € 125 K
2010 € 126 K No data No data No data

Average house prices for 2 bed properties in Spain


Q1 Q2 Q3 Q4
2005 No data No data € 218 K € 211 K
2006 € 213 K € 212 K € 209 K € 213 K
2007 € 200 K € 204 K € 201 K € 200 K
2008 € 193 K € 192 K € 192 K € 190 K
2009 € 188 K € 184 K € 180 K € 174 K
2010 € 169 K No data No data No data

Average house prices for 3 bed properties in Spain


Q1 Q2 Q3 Q4
2005 No data No data € 275 K € 267 K
2006 € 267 K € 264 K € 259 K € 271 K
2007 € 260 K € 270 K € 269 K € 271 K
2008 € 266 K € 267 K € 272 K € 272 K
2009 € 266 K € 261 K € 261 K € 256 K
2010 € 254 K No data No data No data

Average house prices for 4 bed properties in Spain


Q1 Q2 Q3 Q4
2005 No data No data € 364 K € 344 K
2006 € 332 K € 331 K € 321 K € 346 K
2007 € 339 K € 359 K € 354 K € 361 K
2008 € 352 K € 362 K € 386 K € 387 K
2009 € 370 K € 376 K € 382 K € 373 K
2010 € 376 K No data No data No data

Average house prices for 5 bed properties in Spain


Q1 Q2 Q3 Q4
2005 No data No data € 455 K € 429 K
2006 € 410 K € 398 K € 390 K € 421 K
2007 € 395 K € 440 K € 431 K € 449 K
2008 € 442 K € 462 K € 499 K € 496 K
2009 € 472 K € 494 K € 496 K € 475 K
2010 € 487 K No data No data No data
Download the free Spanish House Price Index