Spain House Prices, Rents and Investment Opportunities
Spain House Prices, Rents and Investment Opportunities
Spanish house prices are the 14th highest in European countries. Spanish house prices House prices in Spain According to the Deloitte European Real Estate Sector Report, house prices in Spain are considerably lower than those in the UK, Germany, France, Austria, Norway and Sweden. Spanish houses are on average similar in price to Italian houses and are considerably higher than the Eastern European real estate market.
The percentage of families owning their own home in Spain is quite high, at 80%.
The cities with the highest house prices in Spain are Madrid and Barcelona.
The global crisis that occurred in 2010 caused house prices in Spain to fall by 30%, but the housing market has stabilized considerably in the following years.
Average house prices in some cities in Spain are shown in the table below.
| City | Location | Average price (per 100 m²) |
|---|---|---|
| Madrid | Town center | 492,000 euros |
| Madrid | Off-center | 310,000 euros |
| Barcelona | Town center | 480,000 euros |
| Barcelona | Off-center | 295,000 euros |
| Valencia | Town center | 271,000 euros |
| Valencia | Off-center | 137,000 euros |
| Malaga | Town center | 338,000 euros |
| Malaga | Off-center | 212,000 euros |
| Zaragoza | Town center | 270,000 euros |
| Zaragoza | Off-center | 163,000 euros |
| Marbella | Town center | 359,000 euros |
| Marbella | Off-center | 263,000 euros |
House prices in Spain vary depending on location, size and building age.
How Much Are House Rents in Spain?
Rental prices in some of the major cities of Spain are given in the table below, along with house sizes and locations.
| City | Room | Location | Average monthly rent |
|---|---|---|---|
| Madrid | 1+1 | Town center | 882 euro |
| Madrid | 1+1 | Off-center | 665 euro |
| Madrid | 3+1 | Town center | 1530 euro |
| Madrid | 3+1 | Off-center | 1070 euro |
| Barcelona | 1+1 | Town center | 907 euro |
| Barcelona | 1+1 | Off-center | 722 euro |
| Barcelona | 3+1 | Town center | 1513 euro |
| Barcelona | 3+1 | Off-center | 1096 euro |
| Valencia | 1+1 | Town center | 703 euro |
| Valencia | 1+1 | Off-center | 509 euro |
| Valencia | 3+1 | Town center | 1084 euro |
| Valencia | 3+1 | Off-center | 726 euro |
| Malaga | 1+1 | Town center | 680 euro |
| Malaga | 1+1 | Off-center | 528 euro |
| Malaga | 3+1 | Town center | 1195 euro |
| Malaga | 3+1 | Off-center | 828 euro |
| Zaragoza | 1+1 | Town center | 553 euro |
| Zaragoza | 1+1 | Off-center | 432 euro |
| Zaragoza | 3+1 | Town center | 815 euro |
| Zaragoza | 3+1 | Off-center | 635 euro |
What are the Prices of Houses for Sale in Spain?
The average value of house prices for sale in Spain is approximately 4 times higher than house prices in Europe. Although the affordability of apartment prices in Spain is lower compared to Europe when considering the average income, only 20% of the Spanish population lives in rented accommodation.
Average apartment prices in Spain are given in the table below according to their location.
| Location | Average house price per square metre across Spain | Average price (per 100 m²) |
|---|---|---|
| Town center | 2942 EUR | 294,200 EUR |
| Off-center | 1952 EUR | 195,200 EUR |
Which Cities Have the Most Demand for Housing in Spain?
The cities with the highest demand for housing in Spain include the largest cities in the country as well as cities located in tourist areas.
Some of the cities with the highest demand for housing in Spain are listed below.
- Barcelona
- Malaga
- Marbella
- Valencia
What are the Prices of Houses for Sale in Barcelona?
House prices in Barcelona are the second highest in Spanish cities after the capital Madrid. As the capital of the Catalan Autonomous Region, house prices in Barcelona are generally lower than other major cities in Western Europe. House prices in Barcelona are on average almost a third of those in London and Paris, and considerably lower than cities such as Rome and Berlin.
In Barcelona, the average house price per square metre in the city centre is 4791 euros, while outside the city centre this price corresponds to 2948 euros.
What are the Rental Prices in Barcelona?
Rental house prices in Barcelona are on average 907 Euros for 1+1 apartments in the city center, while the average for 3+1 apartments is 1513 Euros.
In Barcelona, rents outside the city center are 722 euros for 1+1 houses and 1096 euros for 3+1 houses.
What are the Prices of Houses for Sale in Malaga?
House prices for sale in Malaga are around 3377 euros per square meter in the city center, while this price drops to 2120 euros outside the city center.
What are the rental prices like in Malaga?
Rental prices in Malaga are around 680 euros per month for 1+1 apartments in the city center, while they drop to 528 euros outside the city center.
While the average monthly price of 3+1 apartments in Malaga city center is 1195 Euros, it decreases to 828 Euros per month as you move away from the city center.
What are the Prices of Houses for Sale in Marbella?
In Marbella, the average housing price per square metre is 3583 euros in the city centre and 2633 euros outside the city centre.
What are the Rental Prices in Marbella?
Rental house prices in Marbella are on average 707 Euros per month for 1+1 flats in the city centre, while outside the city centre they drop to 578 Euros per month.
While the average monthly rent for a 3+1 house in the city centre of Marbella is 1487 Euros, the average rent for a 3+1 house decreases to 1050 Euros as you move away from the city.
How Much Do Houses For Sale in Valencia Cost?
The average price per square metre of houses for sale in Valencia in the city centre is 2708 euros, while outside the city centre the price per square metre drops to 1366 euros.
How Much Do Houses for Rent in Valencia Cost?
The average monthly rent for a 1+1 apartment in the city center of Valencia is 703 Euros, while the monthly rent for a 3+1 apartment is 1084 Euros.
While the average monthly price of 1+1 flats outside the city centre in Valencia is 509 Euros, the average monthly price of 3+1 flats is 726 Euros.
Is Citizenship Granted to Those Who Buy a House in Spain?
There is no such thing as granting citizenship directly to those who buy a house in Spain.
Real estate owned in Spain can be shown as a supporting element in the application if a Spanish visa or residence permit is to be obtained for another reason.
To obtain Spanish citizenship, it is necessary to have legally resided in Spain for 10 years and to be proficient in one of the local languages.
Is a Residence Permit Granted by Buying a House in Spain?
Investments made by buying a house in Spain are considered a valid reason for obtaining a residence permit. In order to obtain a Spain residence permit, which can be obtained as a golden visa, the investment in the house must be at least 500,000 Euros.
For a Spanish residence permit, you can apply to any immigration office after going to Spain with a business visa and making an investment.
What are the conditions for buying property in Spain?
In order to buy real estate in Spain, you must first have a NIE number (tax number). When you are legally in Spain, you can go to a police station with your passport and get a NIE number, this process takes a few weeks. Those who have a NIE number can buy real estate in Spain that they can afford.
What are the Property Sites for Sale in Spain?
The most popular real estate sites where it is possible to find house listings for sale in Spain are listed below.
- fotocasa.es
- idealista.com
- pisos.com
- yaencontre.com
- tucasa.com
- habitaclia.com
- ventadepisos.com
- tupiso.com
What are the Rental Home Sites in Spain?
The most popular real estate sites where it is possible to find rental house listings in Spain are listed below.
- fotocasa.es
- idealista.com
- enalquiler.com
- pisos.com
- yaencontre.com
- tucasa.com
- habitaclia.com
- ventadepisos.com
- tupiso.com
How to Buy a House in Spain?
In order to buy a house in Spain, you must first obtain a Spanish business visa and go to Spain. After going to Spain, the tax number (NIE) required for real estate transfer can be obtained within a few weeks by going to any police station with your passport. Foreign nationals who have a tax number (NIE) and are legally in Spain can buy any real estate they can afford.
What type of visa is required to buy a house in Spain?
Foreign nationals who want to obtain a commercial residence permit in order to purchase a house in Spain must first prove that they plan to make a commercial real estate investment in Spain. Investors who are entitled to a visa as a result of the documents they submit to the Spanish foreign missions in their own countries can apply to any immigration office to obtain a residence permit in Spain when they arrive in Spain.
In 2019, 848 people were granted a Spain golden visa for a housing investment of 500,000 Euros.