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Is This Europe’s Most Budget-Friendly Destination?

Barcelona, Spain
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Editor’s Note: This story originally appeared on Live and Invest Overseas.

The Spanish property market came under close scrutiny in the years leading up to Brexit. Many hoped for a mass exodus of Brits that might lower property values.

Turns out there were no “Brexit bargains” to be had.

In fact, the number of foreign residents from the U.K. surged by 176% in the year leading up to Brexit, as many previously unregistered Brits made their residency official.

Once you get used to the good life in Spain, it’s hard to give up.

Long-term, it’s expected that the number of incoming retirees and second-home owners to Spain from the U.K. will drop. But there are plenty lining up to replace them…

What Makes Spain Attractive

Panoramic the city of Cartagena, Spain
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Spain, especially the Costa del Sol, is an established second-home market—the most popular in Europe. You’ll find many Italians, Germans, Dutch, and French enjoying this country’s abundant sunshine.

But American buyers have an advantage today thanks to the “currency discount” you’ll enjoy in countries that operate in euros… including Spain. Because the U.S. dollar remains very strong against the euro.

If Spain’s values were attractive historically, they’re more so today when your currency discount can save you thousands of dollars.

A Spanish home listed at 100,000 euros would have cost you US$133,000 back in 2013. Today, that 100,000 euro home costs you less than US$110,000.

Whether you’re buying solely for your own use or hoping to earn income from a rental, now is the best time in 20 years to be property shopping around Spain.

To give you an idea of what you can expect, here are some tempting options we’ve recently spotted for sale in some of our favorite corners of this beautiful country.

Your Own Home in Spain for as Little as US$52,100

Couple with keys to a house or apartment after signing a lease or purchasing a home
fizkes / Shutterstock.com

In Málaga province, in a charming village, a rustic townhouse full of character but in need of some renovation.

The home is 95 square meters with three bedrooms and close to shops, cafés, and restaurants… and 10 miles to the beach. The asking price is US$52,100…

Twenty minutes from Valencia, next to a park and near a hospital, a three-bedroom apartment of 73 square meters for US$73,400.

More Homes in Spain at Bargain

Valencia, Spain
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In the heart of Segovia—a university town one-hour northwest of Madrid—a 93-square-meter, three-bedroom apartment that could serve as a student rental or summer vacation home for US$79,800…

A 15-minute walk from Valencia city center, a two-bedroom apartment of 77 square meters with lots of light. Close to public transport, supermarkets, schools, and a medical center, the asking price is US$92,500…

On the Costa Almería, frontline to the Mediterranean, a one-bedroom apartment of 50 square meters. The building has a swimming pool and is close to the village’s shops, restaurants, and health services. Asking price: US$95,800…

Tucked away in a hamlet in Galicia, a country home of 250 square meters with five bedrooms. The Camino de Santiago passes through the nearby town, so this could make an ideal guesthouse. Price: US$117,000.

From Valencia to Barcelona and Beyond

Barcelona, Spain
Sergii Figurnyi / Shutterstock.com

In the heart of Valencia’s historic old town, a 40-square-meter, one-bedroom apartment that’s full of character.

Although it’s in a quiet location, this charming home (an ideal rental) overlooks a plaza and is close to hundreds of bars, cafés, and restaurants. Price: US$127,700…

Just off La Rambla del Raval in Barcelona, a one-bedroom apartment of 31 square meters. With easy access to all the city’s highlights, this would make a great foothold in the city that you could rent out. Price: US$132,900…

Beautiful studio apartment in Nerja, Málaga, with a spacious terrace overlooking the sea. Close to restaurants and shops, this 28-square-meter property is asking US$158,300…

In Valencia, steps from Túria Park, a two-bedroom apartment of 57 square meters. One of the bedrooms has a private balcony. Price: US$148,800…

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