Best Places To Buy Real Estate In Spain

Spain is one of the priority destinations for the purchase of real estate by foreign investors. Despite the market stagnation in most EU countries, it is Spain that continues to show dynamic growth (especially in the premium segment). Today you can buy an apartment in Spain for the purpose of moving or to rent it. There are options in the primary and secondary market. Objects in tourist regions show the highest yield.

Today we will consider where it is better to buy a villa or apartment in Spain and the dynamics of profitability for the year.

Spanish Real Estate Market in 2024

According to the official data, the Spanish real estate market is developing quite dynamically. During the year, its yield was 7.5%, which is significantly higher than in most other European countries.

The year 2024 is expected to be equally good for Spanish real estate. This is especially true for large cities such as Madrid, Malaga, and Barcelona. This is caused by excess demand over supply.

It is also expected that the European Central Bank will lower the interest rate, which will stimulate the issuance of mortgages. As a result, housing prices will continue to rise due to an increase in the number of transactions at the expense of residents of the country.

Now is the time to buy a villa in Spain on the sea or an apartment in one of the tourist cities in order to make a profit and apply for a residence permit. There is also an opportunity to start a business in that country. For this, you can buy commercial real estate. The largest demand is in warehouses, industrial, and office areas. There are a lot of shopping areas with a guaranteed rental. The site manager is ready to tell you the features of making such deals and help in finding a suitable property.

Property Prices in Spain

If you want to buy a house in Spain, it is recommended to consider where and what the average prices are. This article will allow you to understand where it is advisable to invest in a particular case, taking into account your financial capabilities.

Note. It is worth understanding that prices in the article are average, you should not blindly believe them. You can always find an object that you can afford. Just contact the site manager in any way convenient for you so that he will make you a personal selection.

It is worth considering in more detail which regions are the best places to invest in real estate in 2024.

Catalonia

It is a beautiful and very promising region for investment, which is located in the north of the country and borders with France. Tourism is well developed here, so an apartment or villa will be easy to rent for additional income. Here are a few reasons to buy housing here:

• high liquidity;
• many options economy and premium class in the primary and secondary market;
• beautiful nature and good ecology: The Pyrenees mountains, coast with beautiful beaches and reserves;
• relatively low property prices: even near the coast you can find inexpensive options;
• purchase of real estate allows you to get a residence permit.

Today there are many housing options in the primary or secondary market. If you buy at the construction stage, you can save a lot, as the price is approximately 20% lower than after commissioning. Construction excavations provide interest-free payment until the completion of construction.

Where to Buy Real Estate in Catalonia

If you are interested in real estate in this region, you should pay attention to the following locations:

1. Costa Brava. This is a resort area where you can profitably buy housing and rent it. In most cases, the sea is in the immediate vicinity. Here prices start at 100,000 euros, but the total cost depends on the area, area, state, and other nuances.
2. Lloret de Mar is considered to be the largest resort in Costa Brava. If you want to buy an apartment in Spain on the coast and get a stable income, then this settlement will be the optimal solution. It's always full of tourists. The price starts at 2,171 euros per square meter. The annual yield is around 4%.
3. In Girona, there are many interesting apartments and villas premium and economy class. The city is quite large, it has developed infrastructure, so investors can count on a good return. If desired, the asset can be leased. Prices start at 1,942 euros per square meter. The return for the year was 10.7%.
4. Barcelona is the capital of Catalonia and offers a large number of apartments, townhouses, and villas. Here you can find housing on the primary and secondary market that will meet your expectations. The price starts at 3,579 euros per square meter, with a yield of about 5.6%. Moreover, the real estate premium class traditionally shows a higher yield.
5. Badalona is located in the north of Barcelona and is considered its suburb. Here many buy housing if they want to be near the big city, but are not ready to tolerate its noise. Another advantage of investing in Badalon is the cost – from 2,168 euros per square meter. True, and the yield is slightly lower – about 4.5%.
6. Castelldefels is located in the south of Barcelona. It is a great city for those who love the quiet suburbs. There are many evergreen shrubs and well-developed infrastructure. It is easy to get to Barcelona. Investors can buy an apartment in Castelldefels from 3,712 euros. The annual yield reaches 0.4%.
7. Costa Dorada is another resort in southern Catalonia. It is famous for its sandy beaches and pine trees. There are places to walk and have a great time. The manager is ready to make an individual selection according to your financial capabilities and needs.
8. Tarragona is a city that is relatively close to Barcelona’s international airport, and from here you can easily get to Madrid by train in 4 hours. It cannot be said that Tarragona is a popular resort, but for people who want to buy cheap housing in Spain, it will be the optimal option. The price of the apartments starts from 1 546 euros per square meter.

These are the most popular places to buy apartments or villas in Catalonia. We have a lot of options on the site, and the manager is ready to make an individual selection according to your financial possibilities and needs.

Valencia

This region is located in the east of Spain, and the capital is the city of the same name. Many tourists come to Valencia to enjoy the natural beauty and relax on the beaches. There are some of the most interesting regions to buy a villa or apartment in. If you are buying a property near the sea, then it will be easy to rent it out.

Where To Buy Real Estate in Valencia

If you are interested in real estate in Valencia, then here are some of the most promising places:

1. Costa Blanca. It is considered the pearl of the Spanish coast. There is a large number of luxury villas, which are small cottage villas. The price of the property starts from 1,870 euros. The profitability reaches 10% in the premium segment, which is considered an excellent indicator.
2. Villahoyosa is a small town, which consists mainly of low-rise houses. There are many beaches and well-developed infrastructure. Thus, it is easy to reach neighboring cities if necessary. The price of the property starts from 2,262 euros per square meter. The yield is quite high and reaches 10%.
3. Alicante is a popular tourist destination. The city is considered a business and cultural center. The price of the apartments starts from 1500 euros per square meter. However, the yield is about 4.9%.
4. Torrevieja is a city where many tourists from Europe and Russia come. There are many parks and venues where international festivals are held. Investors can buy an apartment in Torrevieja from 1 800 euros per square meter.
5. Punta Primata is considered a small resort near Torrevieja. Here the property costs from 2,363 euros per square meter. Annual price growth is around 3%.

These are the most promising places to buy a villa in Valencia.

Murcia

Murcia is a historic region in southeastern Spain, located between Andalusia and Valencia. The most interesting is Costa Calida, which is located 250 km from the city of Murcia. There are excellent beaches with isolated small bays. The most famous resort in Costa Caledonia is Cartagena. The price of apartments here starts from 1 190 euros per square meter. The yield is around 2.7%.

Madrid

Although it is the capital of Spain, it does not rank first on the list of cities that are popular with foreign investors. Here you can buy a townhouse, villa, or apartment on the primary and secondary market. The cost of objects starts from 3 576 euros per square meter, and the yield exceeds 8%, which is considered a good indicator.

Andalusia

Andalusia is a southern region of Spain, located around the city of Seville. It is separated from the African coast by the Strait of Gibraltar.

The sand on the beaches of Andalusia is larger than on the Costa Blanca coast. There are long bays surrounded by rocky mountains. Palms and evergreen shrubs grow on the coast.

Many dream of buying a villa in Andalusia, but you can also consider the option of an apartment. The most sought-after objects are premium-class.

Where to Buy Real Estate in Andalusia

If you want to buy an apartment or villa in Andalusia, you should focus on these places:

1. Costa del Sol is one of the best resorts in the region. It consists mostly of luxury properties. The cost of objects is constantly increasing, so the investment will pay off.
2. Marbella is another popular region for buying an apartment or villa in Spain. Prices here start from 4 150 euros per square meter. The yield reaches 8%.
3. Malaga is located near Costa del Sol in the southern part of the Iberian Peninsula. Investors can buy an apartment in Malaga from 2 110 euros per square meter. The annual yield is very high as compared to last year and reached 11.9%.
4. Manila is located near the popular tourist town of Estepona. Here you can buy real estate from 2,200 euros per square meter with a return of about 4.5%.

In these areas of Andalusia, investment returns are really fast.

Canary and Balearic Islands

These are very popular places among tourists. Many people come here to rest. In the territory of these archipelagos, a large number of hotels, villas, and apartments are premium and economy class. Given that the space for construction is limited, the cost of housing is quite high and the yield remains stable at a good level.

You can buy an apartment from 1496 euros per square meter on Tenerife. Over the year, prices have risen by 12%! In the Balearic archipelago, the most popular are Ibiza, Menorca, and Mallorca. Prices here are much lower and start from 2,600 euros per square meter. However, the yield exceeded the Canary Islands and amounted to almost 14%.

To buy an apartment in Spain in any of the proposed regions you can through our site we have a large number of options, and the manager is well aware of the features of the local legislation. Thus, the transaction will be carried out legitimately. There is a possibility to conduct it remotely. In this case, the buyer will be shown the object by means of video communication, and the contract will be signed by a Russian-language lawyer on the basis of a credential. He will act on your behalf and will answer all questions. For more information, please contact the manager in any way convenient to you.