The provinces of Valencia, Toledo and Granada have the highest number of towns with homes for sale below 1,000 euros/m2 in Spain, according to the idealista price index. In four provinces, the Balearic Islands, Guipúzcoa, Las Palmas and Vizcaya, there are no municipalities with a significant supply of houses on the market below this same price. The town of Alcaudete de la Jara (316 euros/m2) in Toledo is the cheapest place to buy a house in Spain in 2022, followed by the Cordoba towns of Fuente Obejuna (341 euros/m2) and Belmez (370 euros/m2). Let's have a closer look at the cheapest places to buy in Spain in 2022.
When deciding to buy a property there are many factors to take into account. Price is one of the most important, along with location and financing in the top positions. If we only focus on price, it is clear that properties in rural and smaller urban areas have the most affordable house prices on the market.
With data from the latest idealista price report published in February, we analysed those locations looking at the prices of pre-owned properties for sale below the value of 1,000 euros/m2.
While just under 40 localities barely reach 500 euros/m2, the town of Alcaudete de la Jara (316 euros/m2) in Toledo stands out, and as has been the case in other years, this town continues to be the most affordable place to buy property in Spain. This town is followed by Fuente Obejuna (341 euros/m2) and Belmez (370 euros/m2) in Cordoba. The number multiplies to 815 municipalities if we extend the list to 1,000 euros/m2.
Ciudad Real concentrates the largest number of municipalities below the 500 euros/m2 sales price, with eight towns, Almadén (390 euros/m2) being the most affordable in the province of Castilla-La Mancha, ahead of Toledo, with six towns, and the province of Valencia, with five, including the cheapest town in Valencia to buy property, Benifairo de la Valldigna (430 euros/m2).
The map below shows which provinces of Spain contain the most towns with property for sale for below 1,000 euros/m2. The darker the green, the more towns with cheap property for sale.
The provinces of Valencia (89 municipalities), Toledo (65) and Granada (40) concentrate the largest number of towns with house prices for sale below 1,000 euros/m2. After the cheapest towns in Valencia and Toledo, the main example in Granada is currently in Zújar, with its 398 euros/m2.
Behind these three regions are the provinces of Alicante (39 towns), A Coruña (38) and Seville (37). In the Levante region of Alicante, prices range from 460 euros/m2 in Algueña to 961 euros/m2 in Pinoso. Meanwhile, in A Coruña, the most affordable municipality is As Pontes de Garcia Rodriguez, with 544 euros/m2 to 997 euros/m2 in Corcubión. In the Andalusian province of Seville, prices go from 533 euros/m2 in Villanueva del Rio y Minas to 983 euros/m2 in Coria del Río.
On the other hand, in four provinces there are currently no localities offering properties for sale on the market below 1,000 euros/m2. These are the Balearic Islands, Guipúzcoa, Las Palmas and Biscay. In the province of Álava there is only one town which is Oión, with prices standing at 985 euros/m2, while in Teruel and Soria there are only a handful of towns: Alcañiz (685 euros/m2) and Valderrobres (815 euros/m2), in Teruel; and Almazán (635 euros/m2) and Burgo de Osma-Ciudad de Osma (780 euros/m2) in the Soria province of Castilla y León.
We would like to remind you that the idealista real estate price index analyses the asking prices (based on built square metres) published by idealista advertisers. Atypical listings with prices outside the market are eliminated from the statistics. We include the typology of single-family houses and discard properties of any typology that have been in our database for a long time without obtaining interaction from users. The final data is generated using the median of all valid listings in each market.
Find cheap property for sale in Spain in 2022
There are lots of bargains to be found and a lot of cheap places to buy property in Spain. At idealista we are here to help, with a wide range of cheap property for sale across the country. Check out our guide on cheap property for sale in Spain.