Properties in Spain

Properties in Spain – Apartments, Houses and Investment Opportunities

Spain has long been one of the most sought-after destinations for international buyers. Its sunny climate, stunning beaches and rich culture attract thousands of buyers every year looking for properties in Spain – from holiday apartments on the Mediterranean coast to luxury villas with private pools. In this guide we cover the most important information about buying property in Spain: the most popular regions, prices, legal process and investment potential.

Our team at Horizon Properties – specialists in Spanish real estate – will ensure you buy your dream home or apartment by the sea safely and with full support. Learn more about the buying process, the most popular destinations such as Costa Blanca and Costa del Sol, and why investing in Spanish property is such a smart move.

Why Buy a Property in Spain

Spain is not just about sunny coastlines and beautiful beaches – it is a lifestyle that promotes health, well-being and relaxation. The Mediterranean climate means over 300 sunny days a year, mild winters and warm summers. These conditions encourage an active outdoor life and offer a quality of living that is hard to match. International buyers also appreciate the outstanding Mediterranean cuisine and the welcoming atmosphere of local communities.

Getting to Spain is convenient thanks to numerous direct flights. Regular routes connect major European cities to Alicante (ALC), Malaga (AGP), Valencia (VLC) and Barcelona (BCN). This excellent connectivity makes travel quick and affordable for both holiday visits and business trips. Budget airlines offer low-cost routes from cities across Europe year-round.

From a financial perspective, the Spanish property market can be more advantageous than many other European markets. Average prices per square metre in popular southern Spanish regions (e.g. Costa Blanca) are often competitive compared to major Western European cities. In many areas the average price is around 2,000-2,500 EUR/m2, making it possible to get more space and a better location for the same budget. Additionally, short-term holiday rentals allow owners to generate regular income from the same property.

As an EU member state, Spain guarantees legal security for investments. A stable euro currency and buyer-friendly regulations (no restrictions for foreign purchasers) encourage capital investment. Local law and independent notaries ensure transaction transparency, making the process predictable and safe for international buyers.

Most Popular Regions in Spain

• Costa Blanca – One of the most popular coastal destinations among international buyers. Located in the Valencia region, it is famous for its sandy beaches, picturesque cliffs and over 300 sunny days a year. Costa Blanca includes resorts such as Alicante, Torrevieja, Benidorm and Calpe, where a thriving international real estate market has developed. Low cost of living and excellent infrastructure (including the international airport in Alicante) further attract investors.
• Costa del Sol – The best-known destination in southern Spain, in the Andalusia region. Costa del Sol offers a mild climate (over 320 sunny days) and a wide range of luxury properties. Key cities include Malaga and Marbella (with the prestigious Puerto Banus marina), as well as the charming town of Estepona. The region attracts buyers with its beautiful beaches, world-class golf courses and extensive tourist infrastructure.
• Costa Calida – Located in the Murcia region, known as the Warm Coast. Famous for its very mild winters and unique landscape of warm lagoons (Mar Menor) and mountains. Key towns include Aguilas and La Manga del Mar Menor. Property prices on Costa Calida are generally lower than on Costa Blanca, making it an interesting option for buyers seeking value. The area is also quieter and less crowded.

Key Cities for Buyers and Investors

• Alicante – The provincial capital and one of the largest cities in the Valencia region. The city offers full infrastructure: a long sandy beach (Playa de San Juan), the historic Santa Barbara castle and a modern marina. Alicante Airport (ALC) handles millions of passengers annually from across Europe. Alicante has a vibrant cultural and commercial life and a large international community, making it easy for foreign buyers to settle. Nearby golf courses and theme parks add to its appeal.
• Torrevieja – A city located about 50 km south of Alicante, known for its two large salt lagoons and well-established international community. Torrevieja attracts buyers with its well-developed infrastructure, wide seafront promenades, parks and large residential complexes with pools and gardens. The proximity to Mediterranean beaches and the wide range of services make it an ideal location for a holiday apartment or a buy-to-let investment.
• Marbella – The jewel of Costa del Sol in Andalusia, synonymous with luxury and prestige. Marbella is home to the world-famous Puerto Banus marina, exclusive golf courses and impressive villas. The city attracts investors from around the globe. In the centre and along the promenade you will find luxury apartments and boutiques, while on the hillsides private villa complexes offer sea views. Marbella offers the highest standard of living and extensive leisure facilities.
• Estepona – A charming town west of Malaga, often called the balcony of Costa del Sol. It is quieter than Marbella but developing rapidly. It has a long, well-maintained seafront promenade and a picturesque old town decorated with colourful murals. In recent years many new developments with apartments and villas have been built here at more affordable prices than in Marbella. Estepona is gaining recognition as an alternative to more crowded resorts, offering good infrastructure, beaches and leisure facilities.

Types of Properties in Spain

• Apartments – The most popular category among international buyers. Apartments in Spain are often located in residential complexes with pools, gardens and security. They can have between 1 and 4 bedrooms. Proximity to the beach or city centre makes them attractive both as a personal residence and as a holiday rental.
• Houses – Detached or semi-detached houses offer more space and privacy than apartments. In Spanish residential areas, houses typically have their own garden and garage. They are a great choice for families with children or those who value peace and quiet.
• Villas – The top end of the luxury property market. In Spain, villas are typically built in the most prestigious locations and finished to the highest standards. They feature large floor areas, private pools, gardens and often smart home systems. On Costa del Sol and Costa Blanca you can find modern villa developments from renowned developers.
• Penthouses – Exclusive top-floor apartments with enormous terraces and panoramic views. They feature luxury finishes and often include a rooftop jacuzzi, air conditioning and additional amenities. Penthouses are ideal for buyers seeking prestige and an exceptional living experience.

How Much Do Properties in Spain Cost

Property prices in Spain vary significantly by region and standard. The average price per square metre in popular Mediterranean coastal areas is around 2,000-2,500 EUR. In the most prestigious locations (city centres, exclusive districts on Costa del Sol) prices can reach 4,000-6,000 EUR/m2. On the outskirts of tourist resorts or in smaller towns prices can be lower – often 1,500-1,800 EUR/m2.

For example, on Costa Blanca a resale apartment typically costs around 1,800-2,200 EUR/m2, while a luxury house with sea views can range from several hundred thousand to several million euros. A holiday apartment in a decent standard starts from around 100,000-150,000 EUR. You should also account for local transaction costs (taxes, notary fees) which add approximately 10-13% to the total purchase price.

Looking for a property in Spain tailored to your needs? Get in touch with us – we will prepare a personalised selection for you.

How Does the Property Buying Process Work in Spain

• 1. Choose a property and reserve it. Once you find a property you like, you sign a reservation agreement with the agency or developer. The buyer pays a deposit (usually 3,000-6,000 EUR) which secures the property for a set period while formalities are prepared.
• 2. Obtain your NIE number. The NIE (Numero de Identificacion de Extranjero) is required for all financial transactions in Spain – without it you cannot sign a contract or open a bank account. Horizon Properties helps clients navigate the NIE application process, significantly speeding things up.
• 3. Legal due diligence. Before finalising the purchase, a Spanish lawyer or notary verifies the legal status of the property. They check the land registry, confirm there are no outstanding debts or unpaid taxes, and ensure the building plans comply with local regulations.
• 4. Financing the purchase. If the transaction requires a mortgage, the next step is submitting a mortgage application. Spanish banks typically offer non-residents loans of 60-70% of the property value. We work with financial advisors who help negotiate the best mortgage terms.
• 5. Sign before a notary. Both parties sign the public deed before a designated notary in Spain. The buyer pays the remaining balance and the associated taxes (for resale properties: transfer tax ITP 6-10%; for new builds: VAT 10%).
• 6. Registration of ownership. After the notarial deed, the new owner is registered at the local land registry. This typically takes a few weeks. Once registered, you are officially the legal owner.

Properties in Spain as an Investment

Spain has long been an attractive investment destination, particularly for those interested in short-term holiday rentals. The country welcomes tens of millions of tourists every year, driving strong demand for holiday apartments and villas. Average annual return on investment can reach 5-10%, and in the best locations even 12%. Long-term residential rentals offer a lower but stable income (approximately 4-6% per year).

The share of foreign buyers in the Spanish property market has grown steadily over recent years. International buyers are typically drawn to properties in the 200,000-300,000 EUR range, which can then be rented out seasonally. Furthermore, property prices in southern Europe have been rising consistently, making investment a reliable way to grow capital over the long term.

Why Buy with Horizon Properties

Choosing Horizon Properties means gaining a partner with over a decade of experience selling properties in Spain to international buyers. Our office handles clients in English, Spanish and Polish, so you always have full communication in your language. Thanks to our direct presence in the region (office in Orihuela on Costa Blanca), we offer support at every stage of the purchase: from property viewings and NIE assistance to financing and transaction completion. Our buyer services are completely free – the commission is paid by the seller.

We follow proven legal procedures so you can buy with complete peace of mind. We work with trusted lawyers and notaries who verify all documents and track all deadlines. After the purchase we remain at your disposal – helping with bank account opening, utility connections and preparing the property for rental. With Horizon Properties, buying property in Spain will be smooth and hassle-free. Contact us today and take the first step towards your dream home by the Mediterranean.

Frequently Asked Questions about Properties in Spain

• Is buying property in Spain a good investment? Yes – Spain is one of the most popular investment destinations in Europe. The warm climate and high tourist demand allow owners to earn rental income, while a stable property market delivers long-term capital growth. Owning a home by the sea is also a dream for many international buyers, who feel secure investing in an EU country with strong property rights.
• How much does a house in Spain cost? The price range is wide. A small house close to the beach may cost from 150,000 to 300,000 EUR depending on location and standard. A typical family home in an attractive area (e.g. on Costa Blanca or Costa del Sol) will cost 200,000-400,000 EUR, while luxury villas can run into the millions.
• Can foreigners buy property in Spain? Absolutely. Citizens of EU countries and non-EU nationals alike have the right to purchase property in Spain with no restrictions. The only requirement is a Spanish identification number (NIE) – a formality that the specialists at Horizon Properties will help you obtain.
• What are the ongoing costs of owning a property in Spain? After purchase you should budget for the annual property tax IBI (typically 200-800 EUR per year) and any community fees (40-150 EUR per month for a typical apartment). Additionally, you will pay for utilities and insurance.
• Can I rent out my property to tourists? Yes, short-term tourist rentals are legal in Spain, though they require registration with the local tourist registry. You need to obtain a tourist rental licence and comply with local regulations. Our office can assist with the registration process and even manage the rental on your behalf.