What is the cheapest area in Spain to buy property?

The cheapest town in Spain to buy a house in 2023 is in the province of Toledo (Castile-La Mancha). Specifically, Alcaudete de la Jara has the cheapest properties in Spain per square metre, as homeowners in the municipality ask for an average of just 284 euros/m2.



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The Bank of Spain predicts a return of 10% for the Spanish real estate market in 2023. In layperson's terms, buying property in Spain is considered a safe investment. It's highly unlikely that you'll lose any money if you take the plunge – provided you seek expert guidance and support throughout the buying process.

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Cartagena, Murcia Cartagena is on the coast of Murcia and is one of the cheapest coastal towns to live in. It has some of the least built-up and wildest beaches in Spain. It is an ancient city whose streets and monuments preserve the memory of its rich historical past.

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Some popular regions for budget-friendly property include Andalusia, Murcia, and Castile-La Mancha, amongst others. In these areas, you can find houses and apartments for sale at prices that are significantly lower than in more expensive areas such as Madrid, Barcelona or the Balearic Islands.

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Our Top 10 Best Places to Live in Spain Near the Sea
  • Marbella, Costa Del Sol. ...
  • Palma, Mallorca. ...
  • Portals Nous, Mallorca. ...
  • Puerto Andratx, Mallorca. ...
  • Puerto Banús, Costa del Sol. ...
  • San Antonio, Ibiza. ...
  • Santa Eulalia, Ibiza. ...
  • Sierra Blanca, Marbella.


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Spain is a bureaucratically complicated country. The real estate market there has fluctuated in the past, so some research before buying property is always a good idea. Another important factor to keep in mind is that Spain has a fairly high capital gains tax.

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