Spain is one of the most popular countries among buyers of foreign real estate. Its diversity allows everyone to choose a place that is ideal for him according to climatic conditions and lifestyle.
To help navigate the local housing market, we have prepared a list of the best cities to buy real estate in Spain in 2024, considering the most popular regions of the kingdom.
Content:
Costa Blanca
The Costa Blanca is more than 200 km of unsurpassed Mediterranean beaches in the southeast of the country. The seashore here is decorated with picturesque coves, mountains overgrown with pine trees, and high limestone cliffs.
Alicante
Alicante is the main city of the region, which can offer its residents a warm Mediterranean climate and affordable prices for housing, products and services. There is a large commercial and tourist port in the city, where cruise liners call. Spacious beaches with snow-white sand and the presence of good schools make Alicante attractive for families. The rise in real estate prices over the past year has brought large profits to investors who have invested in local residential properties. According to experts, in 2024 the price increase will continue here, but it will be smoother due to market adjustments.
Real estate prices and indicators of return on investment in real estate in Alicante:
- The average cost of real estate in December 2022 was €1,402 per 1 m2.
- The average price of 1 m2 of residential real estate reached €2,050 in March 2023.
- The average rental price is €638 per month.
- Rental yield averages 6.4% per year.
Denia
Denia is a charming old town with a coastal strip stretching almost 15 km, which is divided into two zones: Las Rotas, which is characterized by secluded rocky coves, and Las Marinas with wide sandy beaches. Tourists will have an unforgettable vacation here, along with a fascinating landscape and comfortable living conditions. Beaches are the place where most visitors to the city spend a significant part of their time.
If you want to buy an apartment in Spain for private living or renting, it makes sense to consider Denmark, where housing prices are rising, but still remain quite affordable.
- The average cost of real estate in December 2022 was € 1,700 per 1 m2.
- This figure reached €1,870 per 1 m2 in March 2023.
- The average cost of renting a residential unit in the city is €500 per month.
- Rental yield averages 5.45% per year.
Costa del Sol
Costa del Sol is one of the most popular tourist and expat areas of Spain, which offers its residents the perfect combination of beach and city life. The climate here is one of the best in Europe. The coastline stretches for 150 km.
Marbella
Marbella is a popular resort on the Costa del Sol, attracting both tourists and emigrants looking for a place under the sun that can be called a second home. Its beaches, nature, nightclubs and luxury restaurants are known all over the world.
Accommodation in Marbella is an attractive option for those who want to settle in Spain. This city has all the amenities necessary for a quality holiday and everyday life. Here are the most beautiful beaches on the entire coast. Life in Marbella is slower and more relaxed than in Madrid or Barcelona, and is built around leisure time spent with family or friends. Real estate prices here are quite comparable to those in the capital.
- The cost of real estate in December 2022 was €3,658 per 1 m2.
- The average price of 1 m2 reached €4,666 in March 2023.
- The average rental price is €925 per month.
- Rental yield averages 6.56% per year.
Malaga
Malaga is the capital of the region. It is a city with an ancient history and beautiful architecture.
Malaga is famous for its monuments, the absence of winter, beaches and a variety of activities available. Here you will find golf courses, amusement parks, various museums, including the famous Picasso Museum, botanical gardens, embankments with restaurants, marinas with snow-white yachts, markets, cinemas, etc.
The city has an excellent road and transport network connecting it with other regions of the country. There is a cruise and commercial port. This is an ideal place for both tourists and those who are looking for a place to live permanently. The convenient location and high quality of life in the city have led to a noticeable increase in housing prices in recent months.
- The cost of residential real estate in Malaga in December 2022 was €2,314 per 1 m2.
- The price of 1 m2 reached €3,704 in March 2023.
- The average rental price is €783 per month.
- Rental yield averages 5.46% per year.
Costa Dorada
The Costa Dorada, or "Gold Coast", is a beautiful stretch of coastline in Catalonia, south of Barcelona. There are beautiful beaches, important historical sites and numerous cultural attractions.
Salou
Salou is one of the best tourist cities in the entire northeast of Spain. This popular city is located in the province of Tarragona, in Catalonia. There is plenty of entertainment for families, including the PortAventura World theme Park, 14 km of beaches and coves along the coast, as well as cafes, restaurants, shops and other locations for free time. Real estate prices in the city are still quite affordable.
- The cost of real estate in December 2022 was €1,904 per 1 m2.
- The price of 1 m2 reached €2,004 in March 2023.
- The average rental price is €586 per month.
- Rental yield averages 4.7% per year.
Cambrils
Cambrils is a small town on the coast south of Salou. Unlike Salou, Cambrils is popular with the Spaniards themselves, and many of them own second homes here. Not so long ago, this town was a small fishing village, like many other places on this coast, until it turned into one of the most picturesque places in the region. If you prefer privacy, like to enjoy quiet walks, nature and appreciate the typical Spanish lifestyle, this is the place for you.
- The cost of real estate in December 2022 was €2,165 per 1 m2.
- The price of 1 m2 reached €2,600 in March 2023.
- The average rental price is €700 per month.
- Rental yield averages 6.45% per year.
Balearic Islands
The Balearic Islands are popular with tourists from all over the world. Located to the east of the Spanish mainland, the archipelago consists of four islands: Majorca, Menorca, Ibiza and Formentera.
Ibiza
Ibiza is the youngest resort in Europe. In different parts of the island, everyone will find something to their liking: from unrestrained fun in clubs to a quiet family vacation. The island with mostly sunny days and mild winters is an ideal place to move. The good weather lasts here from March to November, although sometimes in December you can enjoy a few days of warm sun on the beach. Summers are usually very hot, and winters are mild.
Ibiza has everything for a quality holiday and a comfortable stay, including golf courses, equipped and wild beaches, tennis courts, restaurants, cafes, shops. The high demand for rental housing here leads to an increase in prices in the real estate market.
- The cost of real estate in December 2022 was €4,756 per 1 m2.
- The price of 1 m2 reached €5,411 in March 2023.
- The average rental price is €1,225 per month.
- Average rental yield is 5.72% per year.
Majorca
Majorca is the epitome of the Mediterranean lifestyle. It is the largest of the Balearic Islands. Hot summers and mild winters attract digital nomads and tourists here. The island's extensive coastline is ideal for sailing and water sports enthusiasts.
Below is the cost of buying and renting housing on the island:
- The average cost of real estate in December 2022 was €2,705 per 1 m2.
- The price of 1 m2 reached €3,583 in March 2023.
- The average rental price is €844 per month.
- Average rental yield is 5.57% per year.
Choose old villas or development projects in Spain from the best developers on the website of Spain-Real.Estate! To get advice on any issues related to the search and purchase of housing, contact a specialist by phone or leave a request on the website.