Real estate in Spain is extremely diverse, depending on the region. Certain parts of Spain are much more expensive than others due to the presence of amenities, convenient locations, stunning scenery, or a strong local economy.
In the cosmopolitan cities of Madrid and Barcelona, real estate prices tend to be significantly higher due to the abundance of amenities and attractions available. Properties are generally baroque-style or modern apartments, with prices ranging from 650 euros to 1000 euros per square metre. In addition to the extra costs associated with these properties, taxes and fees can add up quickly, making it a costly venture.
In contrast, real estate in smaller cities is more affordable, with prices ranging from 400 to 500 euros per square metre. Properties here are usually older and less luxurious, usually featuring smaller layouts and fewer amenities. Taxes and fees can also be lower than in larger cities, making it a more affordable option for those looking to purchase property in Spain.
When it comes to rural areas, property prices vary greatly. The prices of land and homes in rural areas can be as low as 100 euros per square metre in some parts. However, these properties tend to be more rustic, lacking the amenities and services found in urban areas.
When it comes to purchasing property in Spain, the best advice is to do your research and understand the market before committing. Consider the location, purpose of the property, budget, taxes, and local regulations to ensure that your purchase works for you in the long-term.