Sunny Spain is really a land of dreams, one of the best not only for rest but also for life. However, Spain is a large country and the choice of residence is a big decision, depending not only on the requirements and preferences, but also on the buyer’s budget. Today we are going to talk about the best places to buy low-cost Spanish property for permanent residence.
According to the latest official statistics, such autonomies as Catalonia, Andalusia and the Valencian community are most popular among foreign buyers of properties in Spain.
At the same time, the Valencian Community and that is the Alicante coast – the Costa Blanca, gets ahead more and more every year and arouses a great interest among foreign buyers. First of all, it has to do with a good geographical location, high quality of housing and low prices compared to other popular regions (Barcelona, Malaga). In addition, the social and political situation in Catalonia, one of the most desirable for foreigners region, is tense. In the midst of it all, the quite hospitable and sunny Costa Blanca looks even more attractive.
The picturesque towns of the Costa Blanca are ideal for family permanent residence and offer an extensive range of properties to please every budget and standard. Not only secondary housing, but also apartments in new residential areas are available at low cost on the Costa Blanca. For example, a new small (33-43 sq.m.) studio or one-bedroom apartment can be purchased at the price of €37 000 – €46 000. Consider the best options for buying of affordable housing for permanent residence in the Costa Blanca areas in Spain.
A comparison table is as follows: prices of residential property per square meter in the most popular among foreigners’ areas for purchasing a home in Spain (according to the portal idealista, for October 2019).
Note: average prices per square meter of housing are given according to the Spanish real estate portal idealista for October 2019. The minimum property value in a particular town is based on a sample of housing type and prices on main real estate portals of Spain (idealista, fotocasa, etc.).
Low-cost Spanish property for permanent residence: Torrevieja
This is perhaps the most preferred destination among foreign citizens to buy low-cost Spanish property for permanent residence. Property in Torrevieja is in great demand at Russians, and this town is not called «The Russian capital of Spain» for nothing. According to the data for October 2019, the average price for residential housing in Torrevieja was €1352 per sq.m. Torrevieja offers an extensive range of properties to please every budget: studios, apartments, houses, bungalows, villas, penthouses, duplexes, etc.
Low-cost Spanish property for permanent residence: Alicante
Sunny and hospitable Alicante is one of the best places to buy low-cost Spanish property for permanent residence. In Alicante you can find more than affordable options for buying property – from €35 000, but they can hardly be recommended for a family comfortable accommodation. However, Alicante is characterized by affordable property prices, on average €1507 per sq.m. The most expensive areas are Playa de San Juan are El Cabo (€2086), Centro (€1966), Parque Avenidas-Vistahermosa (€1656), and the most affordable are Virgen del Remedio-Juan Xxiii (€544), Los Ángeles – Tómbola-San Nicolás (€995) and Campoamor-Carolinas-Altozano (€985).
Such areas as Cabo de las Huertas, La Albufereta, Playa de San Juan (Playa de San Juan-El Cabo) are recommended for family accommodation, where you will find a wide selection of new housing, located in prestigious urbanizations of closed type. The nearness of the sea and magnificent beaches, excellent infrastructure, healthy environmental, high level of security make it perfect for permanent residence with children. Housing of similar quality in Madrid, Barcelona or Malaga will cost much more expensive. With a limited budget it’s worth considering the Campoamor-Carolinas-Altozano areas and the
Campoamor, Carolinas Altas, Carolinas Bajas zonas, as well as the zone La Florida of the Benalua-La Florida-Babel-San Gabriel district, where you can find affordable costs.
There is a very wide choice of housing in Alicante: studios, flats and apartments, townhouses and duplexes, houses and villas, luxury penthouses in new residential areas – everyone will find accommodation on his taste and budget.
- About elite areas of the city see the article Elite districts of Alicante: Playa de San Juan, Albufereta, etc.
Low-cost Spanish property for permanent residence: Guardamar del Segura
Guardamar del Segura is one more town of the Costa Blanca, perfect to purchase low-cost Spanish property for permanent residence. At an average cost of housing €1514 per square meter, Guardamar offers many excellent accommodation options for family permanent residence both on the secondary market and in new buildings. You can buy a studio or a one-bedroom apartment starting at €40 000. You can also find beautiful bungalows and penthouses in Guardamar. Whatever accommodation you choose, the sea will always be close. The only exceptions are a few urbanizations, which are part of the Guardamar municipality, but located away from the beaches (El Raso, Edén).
Low-cost Spanish property for permanent residence: the Orihuela Costa
The Orihuela Costa is one of the most preferred area among Russian buyers. This is the location of the famous Trade & Entertainment Complex Zenia Boulevard. Magnificent beaches are one of the main advantages of this area. Some of the largest golf clubs in Spain (Villamartin, Campoamor and Las Ramblas) are also located in this area. In the Orihuela Costa you will find a wide selection of housing for permanent residence in Spain, both budget (affordable studios and apartments, practical bungalows, duplexes and townhouses) and elite (luxury villas and houses, modern penthouses). There are many closed prestigious residential complexes with excellent internal infrastructure. There are more affordable housing prices the farther it gets from the coastline.
The average cost per square meter of housing in the Orihuela Costa is €1825 per sq.m. The most affordable areas are Los Balcones and Los Altos (€1476), Zeniamar-Horizonte-La Campana (€1629), Playa Flamenca (€1629), and the most expensive and prestigious are Cabo Roig (€3128), Lomas de Campoamor-Las Ramblas (€2855) and Punta Prima (€2238).
- Read more in our articles about the Orihuela Costa:
Low-cost Spanish property for permanent residence: Calpe
Calpe is a great place to buy housing for permanent residence in Spain. According to data for May 2019, the average cost of housing in Calpe is equal to €2023 per sq.m. This is one of the most beautiful towns of the Costa Blanca with a beautiful environment, calm atmosphere, spectacular nature and magnificent views of the sea. In the real estate market of Calpe you will find apartments, bungalows, houses, villas, both secondary market and new buildings. The Ifach Rock is a natural reserve and the main attraction of the town. Property for sale overlooking the Ifach in Calpe is the most expensive (on average €2526 per sq.m.). For permanent residence in Calpe it’s best to choose the Arenal-Bol area. Housing prices here start at €80 000 (on average €2889 per sq.m.). In the most prestigious areas of Calpe – Manzanera-Tosal and Canuta prices start at €130 000, although sometimes there are available options for €100 000. The average housing costs in these areas are €2140 and €2054 per square meter, respectively. Real estate in the most picturesque part of Calpe-Maryvilla, on the slope of the cliff Sierra de Toix can be bought at €150 000.
You can find housing supply in Calpe for €45 000 – €55 000, but please be careful: such housing may have significant shortcomings or a problem with documents.
- Perhaps you’ll find interesting our article about Calpe: Calpe, Spain: the best areas to live
Low-cost Spanish property for permanent residence: Benidorm and its satellite towns
Benidorm is a fairy town on the Costa Blanca North. It is strikingly different in appearance from the traditional Mediterranean resort towns. Perhaps such diversity of entertainment as in Benidorm cannot be found in any town of the Costa Blanca. Housing in Benidorm is mostly purchased by foreigners for rental or holidays. Here you will find flats and apartments, houses and villas, bungalows and townhouses, as well as luxury penthouses in new buildings.
If you are considering for permanent residence inside Benidorm, you should pay attention to the Levante beach area.
This area is best suited for those who want to live in atmosphere of celebration and fun. There is a possibility to buy a low-cost housing near the sea in Spain, quite affordable housing options are available for sale. However, the average cost of housing here is quite high: €3153 per sq. m., according to data for October 2019. In the Poniente beach area in Benidorm is housing cost lower (€2053 per sq. m.) and life is quite calm. Here you will find a wide selection of new and quality housing.
- You may be interested in our articles about Benidorm:
Finestrat is an ideal place to buy a home in Spain for a family accommodation. There is mainly prestigious expensive real estate, but it is possible to find affordable housing options.
Villajoyosa is perfect to buy low-cost housing for permanent residence in Spain. The town is located near Benidorm, on the seashore. Here you will find beautiful beaches, as well as beautiful modern residential complexes with flats and apartments, ideal for family holidays, magnificent houses and townhouses.
In Polop you will find a wide offer of modern apartments in new buildings, townhouses and villas, including at affordable prices.
In our catalogue you can find our supply of low-cost housing for permanent residence on the Costa Blanca in Spain.