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Where is the cheapest place to live in Costa del Sol?

If you're just starting your property search and trying to stick to a tight budget then Estepona, Los Monteros, and east Marbella are all great to target.



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Murcia isn't only one of the most affordable cities to live in Spain, it's one of the most affordable on the whole Mediterranean coast. Finding reasonable accommodation in Spain is always essential for keeping costs down. And Murcia offers really cheap places to stay in Spain.

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According to the College of Spanish notaries, property prices in the Costa Blanca, which are generally the cheaper of the two, are rising faster than the Costa del Sol. However, for local markets, such as Marbella vs Orihuela, for example, this might not always be the case.

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Estepona seems to be the favorite town of many Expats on the Costa del Sol. They rave about its charm, authentic Spanish architecture (no ugly high-rises here), cobblestoned streets, pots of flowers hanging everywhere, pretty beaches, and laid-back vibe. Lots of restaurants, bars, and a long seaside promenade.

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Apart from cheaper homes, WFH and wine, one factor driving Britons and other foreigners is the cost of living crisis: cheaper living outside the Spanish property hotspots like Madrid, Barcelona, the Balearics and Marbella is increasingly important, estate agents say.

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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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East Marbella is by far the most affordable area to buy and live in. Property here is great value, and you will also find a host of 'hidden gem' restaurants and bars where the prices are far more competitive than in the flashy marinas nearby.

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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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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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Costa del Sol properties have increased considerably in value over the last year, driven in part by foreign demand. Prices currently stand at 33.5% higher than the Spanish average and analysts believe that this trend too will remain in the immediate future.

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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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