Buying real estate in Spain has always been attractive for locals and foreign investors. You can find various options here, from cozy apartments on the coast to luxurious villas in prestigious areas. In this article, we will review the ten most popular places where Spaniards prefer to purchase real estate.
1. Major cities with developed infrastructure
At the top of the list of popular places for real estate purchases are capitals and large cities like Madrid and Barcelona. Here, properties are bought both for permanent residence and for rental purposes. These cities offer developed infrastructure, public transport, and all the amenities for a comfortable life. For a professional approach to the transaction, consider transaction support.
For those considering buying a country house or a vacation home, the preference is for coastal areas, where summer homes with heating and everything needed for extended stays are purchased. Many of these homes remain in families for generations and are passed down as inheritance.
2. New developments in prestigious areas
New developments, especially in major cities and their newly established neighborhoods, are in high demand. For example, in the San Juan area of Alicante, modern homes are actively purchased, attracting buyers with high-quality construction and proximity to the sea. New developments offer residents comfort, modern amenities, and significant investment appeal. Learn more about new developments.
Tip: When choosing a new development, pay attention to the neighborhood and the availability of developed infrastructure nearby. This increases the property’s liquidity and living convenience.
3. Gated communities with security
For many Spaniards and foreigners, homes in gated communities, with security, video surveillance, and fenced territories, are an attractive option. Such properties can be found both in capitals and on the coast, even in older communities built in the 70s and 80s. Here, you pay not only for the property but also for a high level of security. To ensure the quality of the property, you can order a property inspection before purchase.
4. Properties on elevated areas
Homes on elevated areas or slopes, with stunning views of the sea, are also in demand. High locations help avoid flooding issues, which are relevant in Spain, where heavy rains occur.
Tip: If planning to buy in coastal areas, choose homes slightly above sea level. This will help avoid additional costs for repairs after heavy rainfall.
5. Historic properties for renovation
Older homes in Spain often attract those willing to invest in property restoration. These can include buildings from the 18th-19th centuries in Barcelona or Madrid. Such properties are often purchased for renovation and resale. This is a profitable model for those who value historical architecture and are ready for long-term investments. In such cases, it is useful to know about renovation opportunities.
Tip: Before purchasing a historic building, make sure to assess its condition and estimate restoration costs. These projects can be quite expensive.
6. Green areas and proximity to parks
Green areas, located near parks and natural zones, are always in demand, especially in hot cities like Madrid, where parks create comfortable conditions for relaxation. These areas are ideal for families with children and for those who value nature.
7. First-line coastal properties
Properties on the first line of the sea are another popular option among Spaniards. For instance, cities like Benidorm, Tarragona, and Málaga attract buyers with the possibility of enjoying sea views from their windows. First-line properties are highly valued and serve both for personal residence and rental purposes.
Tip: Choose apartments with sea views, as such properties are especially popular among renters and have high potential for price growth. During the purchase, a property selection service can be helpful.
8. Properties after major renovations
Properties that have undergone major renovations are also in demand. Locals and foreigners are ready to purchase such apartments and houses, especially if located in historic areas with traditional architecture. Often, these properties are bought for personal residence and as secondary homes.
9. Luxury developments for affluent buyers
Luxury developments, such as Las Cañas on the Costa Blanca, attract buyers with high levels of comfort and privacy. These developments provide residents with access to premium infrastructure, and the demand for such properties remains consistently high despite their distance from major cities.
Tip: Luxury developments are ideal for those who value security, privacy, and comfort. However, such properties require significant investment.
10. Highly liquid areas with strong demand
In Spain, there are areas popular among tourists and investors, such as Campoamor and Playa Flamenca. These areas are in demand among both locals and expats. Properties here are actively rented out, and the demand for purchase remains high.
Tip: Keep track of changes in the real estate market to seize the opportunity to purchase property in the most in-demand areas. Use resources like Idealista for searching and bookmarking properties.
In conclusion, the real estate market in Spain offers a wide range of options—from urban apartments to secluded villas. The choice depends on your goals and budget, but with the right approach, you can find the optimal option for living or investment. Good luck with your search!