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Golden Visa: These are the properties €500K will buy you in Spain

Spain has a Golden Visa scheme which allows Non-Europeans to be granted a residency permit with an investment of €500K in the country.

Golden Visa: These are the properties €500K will buy you in Spain
All photos: Lucas Fox

So we looked for a selection of the best properties across Spain that would qualify as an investment sufficient for any non-European's wanting a golden visa.

From a one.-bedroom flat in the capital to a typical island-style house on Ibiza, here's what half a million (or a little bit more) will buy you in Spain.

READ ALSO: How to make the most of Spain's Golden Visa scheme


Photo: AFP

 

Renovated historic townhouse in Girona city

PRICE: €530,000

This two-bedroom, two-bathroom townhouse over four floors is lovingly restored and offers wonderful architectural features located on a quaint cobbled street in the heart of Girona Old Town.

Plus it comes with a tourist licence  meaning you can immediately start renting it all-year round and bring in a tidy little income.

For full details click here

New build apartment with 42m² terrace on Costa Brava.

Price: €500,000

This three bedroom apartment boasts spectacular sea views from its location on the edge of the Castell Cap Roig natural park on one of Spain’s most sought after stretches of Mediterranean coast.

For full details click here

One-bed apartment in newly renovated communal project in Madrid’s Chamberi

Price: €585,000

A spectacular luxury new build apartment with 1 bedroom shares exclusive common areas in the Trafalgar neighbourhood of Madrid’s Chamberi.

The jewel in this project is a communal rooftop terrace with beautiful views of the city, but the building also offers use of solarium and pool, gym, reception, parking for vehicles and bicycles and storage rooms.

For full details click here.

Two-bedroom renovated apartment in the heart of Barcelona’s Gothic Quarter

Price: €525,000

This spacious two-bedroom apartment is located within a magnificent building dating bacj to 1856 but fully renovated in 2015 to maintain original architectural features with all mod-cons.

And the best thing is that it is in the very heart of Barcelona's oldest quarter, the Barrio Gotico.

For full details click here

Modern 3-bedroom apartment with terrace in Sitges

Price: €540,000

Just a two.minute walk from the beach in the wonderful seaside resort of Sitges, 40km south of Barcelona, this brand new apartment also offers a communal roodtop terrace with chill.out areas and swimming pool. 

This 83m² apartment makes an ideal holiday home with brilliant rental possibilities. 

For full details click here

Massive apartment in Valencia's old town centre

Price: €550,000

This newly restored apartment of 237 m² in a prime location at the heart of Valencia's Ciutat Vella, less than 50 metres from the Central Market and 5 minutes from the Town Hall Square.

The spacious layout offers five bedrooms and three bathrooms as well as an open plan kitchen living room area in one of the eatsern city's most sought after areas. 

For full details click here.

Traditional house in San Lorenzo, Ibiza

Price: €660,000

Raise the budget a bit and you could buy this typical Ibizan house with 4-bedrooms, a traditional garden, fruit trees and vines, plus a swimming pool and chill-out area.

This charming Ibiza-style house is in San Lorenzo, an area with quick and easy access from everywhere on the island and could make an ideal holiday home or year-round family residence.

For full details click here

Loft-style house on a quiet street in the centre of Malaga

Price: €795,000

This beautiful property blends classic Andalusian architectural features with modern loft-style living on a quiet street in Malaga, a few meters from the historic centre.

This 3-storey house comprising 294 m² (354 m² built) on a plot of 130 m² boasts interior courtyard, ancient Roman style arches and a sweeping staircase. 

Full details HERE

 

And if you really have deep pockets…

Beautiful villa with sea views in Marbella

Price: €2,995,000

With a price-tag just under three million, this is one of the last villas for sale in a new development in Marbella’s exclusive Golf Valley in Nueva Andalucia with spectacular views across the Mediterranean Sea.

It offers four bedrooms and five bathrooms and has its own 48  m² swimming pool. 

Full details HERE

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PROPERTY

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. 

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