Property in Spain. Spain real estate prices
Property for sale in Spain is cheaper than in neighbouring countries. Spanish property prices vary from €80,000 to millions of euros. Resorts in Andalucia, Valencia, Murcia and Catalonia are particularly popular with foreign buyers looking for residential properties. The Costa Brava has a mild climate and islocated conveniently close to Barcelona. It costs at least €200,000 to buy an apartment here and houses sell for at least €500,000. The hot Costa Blanca is a popular beach retreat. A 3-bedroom house in the quiet towns of Javea and Moraira sells for about €150,000. Alternatively, the Costa Dorada is famous for its sizzling nightlife, theme park Port Aventura and Caribe Aquatic Park. Starting prices of Spanish properties for sale in Salou, Cambrils and La Pineda range from €80,000 to €100,000 for apartments and €150,000 for houses. €300,000–700,000 can buy prime apartments in the most prestigious resorts of Marbella and Costa del Sol. Villas cost millions of euros.
Madrid and Barcelona are in highest demand among investors. Madrid is Spain's major finance centre. Apartment prices here range from €60,000 to €7,000,000. Commercial real estate might be a lucrative investment: offices yields are 5% and 8% on student accommodation. Prime residential property in Spain can be found in Barcelona's high-end districts of Eixample, Sant Gervasi and Pedralbes for €5,000–7,000/sq m.
Buyers looking for real estate in Spain also favour the Canary Islands (Tenerife and Gran Canaria) and the Balearic Archipelago (Ibiza, Majorca). Tenerife and Gran Canaria have scenic views, good tourist infrastructure and many golf courses. Apartments for sale here vary from €130,000 for a studio just a few minutes' drive from the beach to millions for a luxurious ocean-view villa. If you want to buy an apartment in Ibiza, island of eternal fun, expect to pay €150,000 and up to €500,000 for a villa.