Property in Spain: What can you buy in Valencia for €150K?

Valencia continues to be one of the property hotspots in Spain, with foreign buyers attracted to the region for the Mediterranean lifestyle, its sunny climate and the fact that it is still affordable.

Property in Spain: What can you buy in Valencia for €150K?
Valenica is proving very attractive to foreign buyers. Photo by Juan Pablo Gonzáles / Flickr

The Local spoke to Graham Hunt of Valencia Property, who said enquiries have risen over 60 percent since this time last year.

“One thing we always get asked about seems to be properties around 150k with at least two bedrooms,” he said. 

“This is a logical question in the city but outside the city houses tend to start with three bedrooms and then get bigger. In the towns surrounding the city you can also get that third bedroom for your visitors or even more and you have easy access to a cosmopolitan city of almost 1 million people on your doorstep along with the more traditional delights of the local Valencia towns and villages outside your door.·”

READ ALSO: OPINION: Why Valencia is the best place to live in Spain

Lets take a look at six typical properties which offer great value and come within the €150k budget.

City Apartment Living in Valencia

People looking to move to the city of Valencia itself, are often looking for apartments in areas such as the Carmen in the Old Town, or by the beach, such as in the Cabanyal. 

The sweet spot for city clients is between the €150/200k mark, so rising prices have seen them moving away from the usual haunts of Ruzafa and El Carmen and focusing on the fantastic beach neighbourhoods that in recent times have undergone quite a transformation.

Set on the best stretch of Cabanyal, thats between the Port and the Market, this 6TH floor Flat actually overlooks the peace and quiet of Calle Barraca and with some TLC could be a fantastic apartment for rental returns, (Think local university students and summer tourists) or as a holiday home just 600 Metres from the Arenas Beach.

So a slightly negotiable €150k with tax and renovation that still gets you in for under €200k, worth a look.

READ MORE: The beach areas of Valencia

Well located bolthole in El Carmen

If you are more into the old town in Valencia then this nicely situated Carmen apartment may suit you. It has been rented out for the last few years and now the owner wants to sell up. It has two bedrooms, bathroom, kitchen opening into the living room and a good sized living room. Second floor without lift but easy stairs.

On a quiet street in El Carmen with shops, restaurants and bars all within a couple of minutes walk, you could have your place as your city pad or your rental apartment in Valencia right in the heart of the city. Just a two minute walk to the Riverbed and all of the central Valencia attractions.

READ MORE:  Valencia's Old Town district

Duplex Penthouse With Views in El Puig

We’ve seen recently that people are starting to think outside the box to get what they want as prices in Valencia City have risen and some of our recent apartment sales have been in Naquera, Betera, Rafaelbunyol and Museros, all with a combination of great bus, metro and road links to the city in under half an hour and fantastic value for money. So here's another good one in El Puig, a pretty little town north of Valencia and just 15 Minutes on the local train down to the City.

This Duplex Penthouse is located in the heart of the town and overlooks the rather fetching Monastery and Esplanade which holds the once a week Street Market for local produce, big pants and towels.

On the 1st Floor we find a Large Living Area with good sized Terrace and open views, an Independent Kitchen, 3 Bedrooms and 2 Bathrooms, then moving up to the 2nd Level a Study, Bedroom, Living Room with Terrace and Barbecue, perfect for guests or stroppy teenagers, above this is a solarium, so plenty of outside space to get your daily dose of Vitamin D.

Definitely worth a look if you want value for money and El Puig is a great place to live, just 10 Minutes from the nearest beach by Bike or Car.

Read more about the towns around Valencia and how long it takes to get into the city

Duplex Penthouse in Naquera

Just for comparison's sake we can also take a look at this second duplex penthouse but with added swimming pool. This time it is in Naquera one of our favourite hidden gems of a town in the hills of the Sierra Calderona mountain range but 15 minutes by car from the nearest beach and 25 from Valencia.

A Modern Duplex Penthouse in the centre of pretty Naquera, with large Terrace, Community Swimming pool, 2 parking spaces and Utility storage room for the bikes you’ll be using to explore the Sierra Calderona.

This 140m2 of property consists of 3 bedrooms, 2 bathrooms, well equipped kitchen and living room, whilst moving upstairs we find a large open plan area, perfect for an office, games room , or for your guests to have their own space.

An excellent investment with no work required and a perfect location to pop into the village for local shops, cafes and restaurants.

READ MORE: About Naquera

What If It's A House You Want?

For this price you won't find a house in the city of Valencia but most people looking for houses here are willing to go into the surrounding orange groves to look for a town or village that suits them and their budget. Let's look at a couple of examples.

Colourful Chalet in Lliria

This colourful property in Lliria is a great option for anyone looking to relocate their family to Valencia! Ready to move in, this chalet would bring a smile to anyone's face!

The villa features three bedrooms and two bathrooms (including one ensuite). In addition to the main floor living area, there is also a basement with a bar and bodega, a large private swimming pool, 2 storage rooms, a traditional paellero and outdoor kitchen with toilet.

Located in a great spot with public transport links to the city centre, schools and other essential local amenities.

Wonderful Views in La Pobla de Vallbona (Let's Cheat A Bit)


We can cheat a bit here by adding a property a smidgeon over 150k because it's in a rather wonderful setting overlooking the Sierra Calderona mountains around five minutes out from La Pobla de Vallbona in La Maquiva. The plot of around 1000m2 encloses a modernised house of 140m2 with four bedrooms, living room modernised bathroom, totally new kitchen and covered and open terraces enjoying the wonderful view.

On the plot there is a good sized swimming pool with excellent sun deck with views to the mountains, covered storeroom and toilet, gardens, and off road parking.

Sometimes it's worth paying for a decent view and the view here is more than decent it's glorious.

Graham Hunt is a real estate agent and relocation expert based in Valencia. Originally from just outside Liverpool he came to Spain as a student and never left. Read more at his blog or follow him on Twitter.

If you want him to show you around some properties in Valencia, drop him a line.


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REVEALED: The cheapest most in-demand areas in Spain to buy a house

If you're considering making the move and buying property in Spain, but don't fancy purchasing in a rural village in the middle of nowhere, you should know where the cheapest, most in-demand parts of the country are.

REVEALED: The cheapest most in-demand areas in Spain to buy a house

If you’re thinking about relocating, Spain is a fantastic place to do it. Foreigners have been moving to Spain for decades, not only for its fantastic food and weather, along with a laid-back lifestyle, but housing is generally affordable – if you know where to look.

Though the rise in the Euribor has sent interest rates spiking, house prices in Spain are expected to flatten somewhat in 2023 and it could be a good year to find a bargain, depending on your financial situation.

Knowing what type of house you want and where in Spain you want to live is one thing, but knowing the cheapest, yet most in-demand parts of the country could really help you narrow down your search.

Fortunately, Spain’s leading property website Idealista has put together a list of the most ‘in demand’ municipalities of Spain and where you can find the most expensive and, more importantly for the house hunters among us, the cheapest municipalities of Spain to buy property.

It’s based on data from the last quarter of 2022 and is the average price of housing in towns with more than 1,300 sale announcements and costs valued at more than €1,100 per square metre. 

You can find the ten cheapest areas of Spain to buy property by average price below, but it’s worth noting that Idealista did these rankings by average price across the entire municipality, so there are likely individual towns and villages dotted around Spain where prices are significantly lower.

That said, this list gives you a good idea of the areas to look out for.

READ ALSO:  What will happen with property prices in Spain in 2023?

The 10 cheapest municipalities in Spain to buy property 

Santa Pola (Alicante) – Santa Pola, in the Alicante province, is the cheapest most in-demand municipality to buy a house, according to Idealista’s rankings. The average price for a house in Santa Pola costs just €151,796, though this may come as a surprise given its prime location in a foreign hotspot on the sought-after Costa Blanca. The main town of Santa Pola itself is a small beachfront community with a population of around 35,000. It also has a large foreign population and is a short drive or bus away from both Alicante and Elche.

Ourense (Galicia) – Next on the list is Ourense in Galicia where the average price is €154,941. The municipality is home to several towns and villages, surrounding the main medium-sized town of Ourense itself in southern Galicia. The town has a population of around 105,000 and is a little over an hour’s drive from both Santiago de Compostela and the coastal city of Pontevedra.

Oviedo (Asturias) – Third on the list is the municipality of Oviedo where you’ll pay an average of €154,968 for a property. Another area in northern Spain, the main city Oviedo itself, which is the capital of Asturias and has a population of 220,000. It sits between Cantabrian mountains and the Bay of Biscay. It’s known for its picturesque medieval old town and impressive architecture. 

Jerez de la Frontera (Cádiz) – Properties cost an average of €155,563 in the municipality of Jerez de la Frontera, or Jerez as it’s commonly referred to. It’s located in the Cádiz province of Andalusia and is a real piece of ‘traditional’ Spain. Jerez city is a decent-sized place with a little over 200,000 people and is known for horses, flamenco dancing and sherry, as well as the Alcázar de Jerez, an 11th-century fortress that harks back to Andalusia’s Moorish past.

READ ALSO: Is it better to buy or rent in Spain right now?

Torrevieja (Alicante) – Another municipality in Alicante and another incredibly popular with foreign homeowners. Properties here go for an average of €155,787. Torrevieja itself has a population of 82,000 and is another coastal town, but also has nature trails and salt plains nearby.

Murcia (Murcia) – Murcia is often overlooked, wedged between Alicante and Andalusia, but you could grab a bargain here with average prices of €157,119. Murcia capital is a bustling city of almost 450,000 people, and is strategically placed for trips to the Costa Blanca, Costa Calida, Costa del Sol, and Costa de Almeria.

Parla (Madrid) – The municipality of Parla lies just 20km south of Madrid and the town of the same name is home to 130,000 residents. It’s a great commuter area for those who work in Getafe or the capital. A house here costs an average of €160,652. 

Salamanca (Castilla y León) – The municipality of Salamanca surrounds the capital of Salamanca in Castilla y León in northwestern Spain. Buying a property in this area costs an average of €162,909. The main city of Salamanca is known for its university, which is the oldest in Spain and dates back to 1218. Understandably, much of Salamanca’s roughly 150,000 residents are students, which gives the town a lively atmosphere.

Burgos (Castilla y León) – Another northwestern Castilla y León municipality, is Burgos has around, where you can buy a house for just €163,164. The city of Burgos has around 180,000 inhabitants and is known for its medieval architecture and grand cathedral. 

Dos Hermanas (Sevilla) – The second most populous municipality in the province of Seville, properties cost an average of €163.274 here. The Andalusian town is just 15km south of Seville, making it great for commuters or those who want plenty of culture nearby.