Buying a house is a big investment. However, the expense depends very much on where the house is located. And, as such, the price per square metre can also vary a great deal in Spain. Accordingly, the real estate platform Idealista compiled a list of the 25 Spanish municipalities where house prices are the lowest.
El Carpio de Tajo, in the province of Toledo, is the cheapest municipality to buy a house in Spain. Here, house prices are the least expensive. The average price per square metre there is €304. Moreover, just €30,000 you can buy a terraced house with three bedrooms. El Carpio de Tajo is followed by the Palencian municipality of Barruelo de Santullán (€383 per square metre). Then three other municipalities in Castilla-La Mancha: Cebolla, in Toledo, with €401 per square metre and Almadén (€407) and Herencia (€413), in the province of Ciudad Real.
Throughout Spain, prices of less than €450 per square metre are found in only 13 municipalities. In addition to the five previously mentioned, these are;
- Mota del Cuervo (€416)
- Malagón (€426)
- Horcajo de Santiago (€432)
- Torralba de Calatrava (€438)
- Portillo de Toledo (€441)
- Carrión de Calatrava (€445)
The above are all in Castilla-La Mancha. Furthermore, in Andalucia, in the town of Puerto Serrano, Cadiz, the price is €439 per square metre. Additionally, there is a municipality in the Valencian Community, La Pobla Llarga, with a price of €448 per square metre.
Prices just above €450 euros per square metre
The province of Murcia has only one municipality, Bullas, with a relatively low price per square metre, €457. Two towns in Castilla y León, Bembibre (León) and Briviesca (Burgos) are in Idealista’s top 25, with prices of around €457 and €473 per square metre respectively.
In Extremadura, Castuera is the cheapest municipality to buy a house, the price per square metre is €481. Balaguer, in Lleida, is the cheapest Catalan town to buy a house, with a price of €486 per square metre, and comes last in the list of the 25 cheapest cities in Spain.
Interested in the most expensive properties in Spain? Read more.