Do you dream of owning a home in sunny Spain? The Iberian country is one of the most popular places to retire to in all of Europe, and it’s not difficult to see why. The weather is beautiful, the coastline is practically neverending, and the cost of living is pleasingly affordable.
If you’re thinking of making a move to Spain, then you’re probably curious to learn more about the housing market there. This guide will take a look at the situation in one region in particular: Andalusia. If you’d like to learn more about what it’s like to buy a house here, then read on to find out now.
A Little Bit About Andalusia
Before we look at the housing market there, let’s go over some basic facts about Andalusia. Andalusia is an Autonomous community of Spain, situated in the south of the country. Much of it borders the Mediterranean Sea, and some of the notable cities there include Malaga, Granada, Seville, and Cádiz, to name just a few.
Andalusia is the most populous Autonomous community in Spain, with over 8 million people calling it home. In the past, much of Andalusia was under Moorish rule.
Today this fact is reflected in much of the architecture there. Andalusia is home to some of the sunniest cities in Spain, making it a popular destination for ex-pats and tourists alike.
The Housing Market in Andalusia
Andalucia is an important part of Spain’s property market. It usually accounts for at least 20% of total housing transactions in Spain. Because it’s such a hot market, property prices can be a little more on the competitive side.
Let’s take a look at some average house prices in some of the different regions in Andalusia. Of course, quiet communities are always going to be more affordable to buy in than popular tourist areas. In and around the Malagan town of Torrox, for example, a small one or two-bedroom house can be found for around €70,000.
To the west, in Estepona, seaside apartments can be as much as €400,000. This is because Estepona is a much more competitive market. If you’re in need of help buying a house here, it’s a good idea to find a local agency.
When you move inland, property prices tend to drop a little. The sea puts prices at a premium, which makes sense, as it’s one of the main reasons people choose to settle there. If you do some looking around, however, it’s possible to find bargains almost anywhere.
Find Your Dream home in Sunny Spain
When buying a property in Spain, the best thing is to be patient and be proactive. There are lots of properties available, but they do tend to get snapped up fast.
Make sure to keep a close eye on the housing market, and it’s entirely possible you’ll be able to find a steal in your chosen area. If you’re looking for more tips, see the rest of the site now.