What is the cheapest part of Spain to buy property?

The cheapest parts of Spain to buy property are generally inland regions like Extremadura, Castile-La Mancha, Aragon (e.g., Teruel), and parts of Andalusia (e.g., Jaén), alongside northern areas like Galicia (e.g., Ourense), where you can find homes for under €50,000, especially if renovation is an option, with some inland towns even having properties under €35,000 or €100/sq.m.. For coastal bargains, look to the Costa de Almería, Costa Calida, or the fringes of the Costa Blanca, where less popular spots offer lower prices than prime resorts.

What is the cheapest coastal town to live in Spain?

Costa Blanca: Budget-Friendly Beauty

With its long stretches of white sandy beaches and charming towns like Alicante, Torrevieja, and Benidorm, Costa Blanca is known for its affordability compared to other coastal areas.

What Spanish town is paying Brits to move there?

The Spanish town paying Brits (and others) to move is Ponga, located in Asturias, offering around £2,600 (€3,000) for relocation and an extra £2,600 for each baby born there, provided you commit to living there for at least five years, as part of schemes to combat rural depopulation, alongside other regions like Extremadura offering grants for remote workers. 

How long can you stay in Spain if you own property?

Owning property in Spain does not automatically grant residency or the right to stay longer than the standard 90 days in any 180-day Schengen period for non-EU citizens; you need a separate residence visa, like the Non-Lucrative Visa, Digital Nomad Visa, or an Employment Visa, to live in Spain long-term, as the Golden Visa (property investment route) ended in April 2025. EU citizens need to register for residency after 90 days, while non-EU citizens must apply for a long-term permit or visa to stay beyond the 90/180-day limit, with property ownership being a factor in some visa applications but not a standalone right to residency. 

What is the 2% rule for property?

The 2% property rule is a real estate investing guideline where the monthly rental income should be at least 2% of the property's total purchase price (including renovations/repairs) to indicate strong potential cash flow and profitability. It's a quick screening tool to filter potential investments, but investors must conduct deeper analysis on expenses like taxes, insurance, and maintenance to confirm actual profitability. 

5 Things to Do BEFORE You Buy a Property in Spain!

Where to live in Spain if you only speak English?

Cities like Seville, Granada, and Bilbao actively promote inclusivity and integration for English-speaking expats by providing access to language courses, cultural events, and social activities tailored to their needs.

What is the 2 year rule in Spain?

The new regulation defines and broadens five forms of arraigo: Social arraigo – requires a minimum of 2 years' stay in Spain and a job offer or proof of financial means. Labour arraigo – for those who have worked at least 6 months and resided in Spain for 2 years.

How much money do I need to get residency in Spain?

Therefore, as an individual, you will need to have €2,400 as a regular guaranteed monthly income or a yearly income of €28,800. If you have dependants that will move with you to live in Spain, 100% of the IPREM is required for each; this amounts to €600 monthly or its equivalent in foreign currency.

Where to retire in Spain cheaply?

Best villages to retire in Spain, such as Ronda or Almuñécar, provide a lower cost of living and traditional Spanish charm. Costa Blanca towns like Alicante and Torrevieja strike a balance between affordability and great infrastructure.

What is the cheapest coastal property in Spain 2025?

Castellón, Almería and Murcia offer the lowest prices

At the other end of the scale, Castellón (€169,317), Almería (€181,648) and Murcia (€187,799) are the cheapest coastal provinces for buyers in 2025. Other provinces with average prices under €200,000 include Tarragona, Cádiz, Granada and Asturias.

Is it better to rent or buy a house in Spain?

Conclusion. The decision to rent or buy a property in Spain is an important one that requires careful consideration. While renting offers flexibility and lower initial costs, buying can be more financially beneficial in the long run and lead to capital appreciation.

How long should I live in property to avoid capital gains?

the last nine months of ownership will qualify, providing the property has been the main residence at some time.

Can Brits still buy holiday homes in Spain?

Buying property in Spain after Brexit

If you want to buy a holiday home there, you don't need to have Spanish or EU citizenship. You do, however, need the following things: An NIE (Número de Identidad de Extranjero, or foreigner identity number) number: This is your unique code within the Spanish legal system.

Can I retire in Spain with an EU passport?

EU citizens do not need a visa or residence permit to retire in Spain.

Why are so many Brits leaving Spain?

The UK's departure from the EU has brought about many challenges for British citizens living in Spain. The new residency rules, uncertainty around healthcare, tightening financial situations, and job market difficulties are just a few of the problems they face.

What is the Beckham loophole in Spain?

The "Beckham Loophole" (or Beckham Law) in Spain is a special tax regime for skilled foreign workers, named after David Beckham, allowing them to pay a flat 24% tax on Spanish income (up to €600k) for six years, treating them as non-residents to avoid higher progressive rates and generally exempting foreign income, with recent updates expanding eligibility to remote workers and entrepreneurs. This "loophole" allows expats to significantly reduce their tax burden by paying non-resident rates on Spanish income, while foreign earnings remain untaxed in Spain, a major advantage over standard resident taxation. 

What are the biggest mistakes when moving to Spain?

Biggest Mistakes to Avoid When Moving to Spain

They include a lack of understanding of Spain's legal processes, financial and healthcare systems, failure to connect with the local culture and language, and moving too quickly to buy a house.