With house prices rising, finding a property for sale in Spain under €50,000 may seem impossible. However, with the right approach and a strong understanding of Spain’s property market, you can buy a house for this price in certain regions.
This article will tell you where you can find bargain properties for sale in Spain and explain what type of homes you can expect to buy at 50,000 euros.
The current Spanish property market
In 2024, Spain’s property market continued to recover after the global disruptions of the last decade, with prices rising to an increase of 7.1% on the previous year at the end of the year. This figure is expected to slow down in 2025, to a growth of 4.1%, making now an ideal time or opportunity to buy a cheap property in Spain. Whilst prices are higher in the main cities like Madrid, Barcelona and popular coastal areas, cheap properties in Spain can be found in smaller cities and towns, particularly those outside coastal or tourist hotspots.
Where to find cheap property for sale in Spain
If you want to buy a property in Spain less than €50,000 your search should start inland. Be prepared to look at rural areas where property is likely to need restoration. Towns and villages with a decline in population or lack of demand often have older properties available for a fraction of the cost of homes in urban locations.
Inland Spain
Land-locked areas tend to offer cheap houses to buy in Spain as some people prefer to live or holiday near the coast, which pushes prices up. However, inland Spain offers absolutely beautiful landscapes with lakes, mountains and miles of areas to hike and cycle through. You’re also likely to get much more land for your money in the wide, open spaces of inland Spain. You’ll also find that inland Spain offers more land for your money, providing excellent opportunities for those who want space and nature at a lower cost.
Regions such as Castilla-La Mancha, Extremadura, and some inland parts of Andalusia have properties priced under €50,000.
Northern Spain
Areas such as Galicia and Asturias in the north of Spain are known for their stunning scenery and cooler climate. This part of the country is almost like Scotland, with pine forests, mountains and incredible coastlines.
At iad Overseas we have a wealth of knowledge of the Spanish property market and can assist you in finding a property for sale in Spain under €50,000. Properties often sell through word of mouth, especially in small villages, and are never advertised. Our experts are located throughout Spain and have access to affordable homes in Spain.
The table below shows the price per m² of regions where cheap houses for sale in Spain can be found for less than the national average of €2,308 per m².
| Region | Average property purchase price (€/m²) |
|---|---|
| Aragón | 1,287 |
| Cantabria | 1,667 |
| Castilla - La Mancha | 958 |
| Castilla y León | 1,224 |
| Ceuta | 1,224 |
| Comunidad Foral de Navarra | 1,728 |
| Comunitat Valenciana | 2,250 |
| Extremadura | 1,102 |
| Galicia | 1,321 |
| La Rioja | 1,573 |
| Melilla | 1,980 |
| Principado de Asturias | 1,407 |
| Región de Murcia | 1,708 |
If you’re looking for a property for sale in Spain under €50,000, the areas below are where to start looking for a bargain, particularly in rural areas.
What can €50,000 euros buy in Spain?
While €50,000 may not be enough a modern apartment in Madrid or a beachfront villa in Marbella, there are still several types of properties available within this budget.
Renovation projects
If you have building skills, you might prefer to renovate your property yourself, rather than paying for professional work. Seaching for cheap houses in Spain for sale might lead you to find a stone house in Galicia or a farmhouse in Castilla y León that needs modernising and which you could design to suit your lifestyle.
If you’re not fluent in Spanish, it’s a good idea to hire an interpreter when negotiating for a property or buying building materials. This could prevent you from making an expensive mistake.
Small apartments
In less popular regions or smaller towns, it’s possible to find small apartments for under €50,000. These properties are typically older buildings or located on the outskirts of towns. This could be an ideal investment if you plan to retire to Spain and want to keep busy modernising your cheap Spanish property.
Plots of land
Spain is a large country and has lots of plots of land available for sale. Many of these have been on the market for sale for years due to a dying agricultural economy or inheritance. If you want to build your own home, purchasing land is an option. In rural areas, plots of land are often available for less than €50,000, providing a blank canvas for the custom-built home of your dreams.
Abandoned villages
Spain has several semi-abandoned villages, particularly in rural areas, where homes are sold at extremely low prices. These properties often require extensive renovation, but if you have a limited budget and DIY skills this could be the perfect solution for your search for cheap Spanish homes for sale. Some Spanish municipalities also offer programs like the « House for 1 Euro » initiative to repopulate forgotten villages. These properties come with renovation requirements, they are an excellent opportunity for buyers looking for a bargain.
Bank repossessions
Another way to find affordable properties is by purchasing bank repossessions. When a bank reclaims a property, it often sells the house at a fraction of the original price, which is a chance for you to get a bargain property and modernise it, particularly if you don’t mind where you live.
Despite the rising property prices in Spain, many areas remain relatively affordable. Buying a property for sale in Spain under €50,000 is possible if you do your research and remain flexible in your expectations. If you’re looking for cheap properties (house to retire to, a vacation getaway, or a property to renovate and resell), now is an excellent time to explore affordable homes in Spain. Why not contact our expertise at iad Overseas, who have access to a large selection of homes for every budget?
3 key points to remember
- The cheapest properties in Spain are found in inland.
- Bank repossessions and renovations projects can provide an affordable way to buy homes for under €50,000 in Spain.
- With rising prices, now is the time to invest in Spain, making 2025 a great year for your investment.
