A study conducted by Idealista revealed that only five municipalities in Spain offer affordable housing for less than 450 euros per square meter. These municipalities are located in Cordoba, Murcia, and Ciudad Real, with one exception in the Canary Islands, where El Tanque in Tenerife has the cheapest housing at 896 euros per square meter.
The most affordable municipality in Spain to buy a property is Fuente Obejuna in Cordoba, where the average price is just 334 euros per square meter. Following closely are two other municipalities in the same Andalusian region: Bélmez (340 euros) and Peñarroya-Pueblonuevo (416 euros). In fourth place, we find Bullas in Murcia, offering a price of 419 euros per square meter, and in fifth place, Campo de Criptana in Ciudad Real, with a cost of 432 euros.
The Idealista study also identified the most economical municipalities in each autonomous community. For instance, in Andalusia, the most affordable location is Fuente Obejuna (Córdoba). In Aragon, it’s Caspe (Zaragoza) at 642 euros per square meter, and in the Principality of Asturias, it’s San Martín del Rey Aurelio (Asturias) at 556 euros.
In the Balearic Islands, Sant Joan offers the cheapest properties, averaging at 1,237 euros per square meter. Meanwhile, in the Canary Islands, Tanque (Tenerife) stands out with a price of 896 euros per square meter. In Cantabria, the most affordable municipality is Campoo de Enmedio, with a value of 707 euros.
Moving on to other regions, in Castilla y León, the municipality with the lowest property prices is Bembibre (León), with 459 euros per square meter. In Castilla la Mancha, it’s Campo de Criptana (Ciudad Real) at 432 euros. In Catalonia, the cheapest municipality is Santa Bárbara (Tarragona), at 546 euros, and in the Valencian Community, Enguera (Valencia), at 507 euros.
In the Basque Country, Onión (Álava) offers the most affordable properties, priced at 1,131 euros per square meter, while in Extremadura, the cheapest is Castuera (Badajoz), at 504 euros. In Galicia, the municipality of Nogueira de Ramuin (Ourense) is the most affordable, at 543 euros per square meter, and in La Rioja, it’s Alfaro (La Rioja), at 697 euros.
In the Community of Madrid, the cheapest municipality is Cadalso de los Vidrios, with an average price of 902 euros per square meter, while in Murcia, the municipality of Bullas offers properties at 419 euros per square meter. Finally, in Navarre, the most affordable is Castejón, with a price of 793 euros per square meter. These findings highlight the significant variability in housing prices across different regions of Spain.