17.04.2025 
Real Estate in Spain: Which Region to Choose for Profitable Investments
The purchase of real estate in Spain is a promising step for many investors. However, before buying a property, it is important to understand how to choose the right region and avoid risks. We will examine the key regions of the country, with their advantages, disadvantages, and factors that determine pricing, to make the right decision.
What Factors Affect Prices?
The cost of real estate in Spain depends on several important criteria:
- Region and its prestige: The most expensive properties are located in Barcelona, on the Costa Brava, and in Madrid. Prices are more affordable on the Costa Blanca.
- Proximity to the sea: The closer the property is to the sea and the better the view from the windows, the higher the price.
- Type of property and its condition: Villas and modern apartments are more expensive, while older buildings are cheaper but require investment in renovations.
- Infrastructure: Good transportation links, schools, hospitals, and shops increase the value of the property.
- Availability of furniture and appliances: Ready-to-live-in apartments are priced higher.
Overview of Popular Regions
Costa Brava
A popular resort near Barcelona and France. The beach season starts later than in the south of Spain, but the region attracts with its picturesque nature and quality infrastructure.
- Average price: 2500–3000 euros per square meter (euros/m²).
- Advantages: developed infrastructure, proximity to France and Barcelona.
- Disadvantages: relatively cool sea, short season.
Málaga (Costa del Sol)
An active tourist center with well-developed infrastructure and a mild climate. It is popular among both investors and tourists.
- Average price: 1800–2200 euros/m², up to 3000 euros/m² in the center.
- Advantages: high rental income, good transportation links.
- Disadvantages: seasonality, high competition in the rental market.
Madrid
The capital of the country and a business hub. It attracts a high demand for housing and stable rental income.
- Average price: 4600 euros/m², up to 7000 euros/m² in the center.
- Advantages: constant demand, developed infrastructure, high liquidity.
- Disadvantages: high entry cost.
Barcelona
A cultural and tourist center, where real estate is in constant demand and prices are high, especially in the Eixample and Barceloneta districts.
- Average price: about 4800 euros/m², in elite areas up to 7500 euros/m².
- Advantages: developed infrastructure, steady tourist flow, high rental income.
- Disadvantages: inflated prices, strict rental restrictions.
Alicante (Costa Blanca)
This region is known for its pleasant climate and affordable property prices, making it ideal for seasonal living and renting.
- Average price: 2000–2700 euros/m², up to 3800 euros/m² in prestigious areas.
- Advantages: affordable property costs, developed infrastructure, stable demand.
- Disadvantages: marked seasonality, limited job opportunities in the off-season.
Types of Residential Properties
The choice of property type depends on the budget and goals:
- Villas: luxury homes with gardens, high prices, offering maximum comfort and privacy.
- Chalets: stylish small houses made of wood and stone, more affordable than villas.
- Townhouses: a budget alternative to villas, with small plots and a private entrance.
- Duplexes (twinhouses): properties for two families with mirrored layouts, suitable for larger families.
- Penthouses: apartments on upper floors with terraces and panoramic windows, expensive and prestigious.
- Apartments: multi-room flats, often with additional amenities (swimming pool, gym).
- Bassment apartments: an economical option with a lower cost, but with risks of poor lighting and humidity.
Golden Visa Features
The Spanish Golden Visa program (residence permit through investment) grants the right to live and work in the country upon purchasing a property for at least 500,000 euros.
Climatic Characteristics
Despite Spain's popularity as a warm country, the climate varies significantly by region. For example, in the northeast (Costa Brava, Barcelona) the season is shorter than in the south (Costa del Sol), and in winter properties require heating, which affects expenses. It is recommended to choose the property and visit the region at different times of the year to assess comfort before purchasing.
Conclusions and Recommendations
The most liquid regions for purchase are Barcelona, Madrid, and the Costa del Sol. For more budget-friendly investments, Alicante (Costa Blanca) and regions in the north of Spain are suitable options.
It is essential to consult with reputable real estate agencies for proper transaction support to avoid risks and make the right choice.
