Where is the cheapest place in Spain to buy a home? These are the 25 cheapest towns to buy a house in Spain in 2023 so you can find the cheapest real estate in Spain.

Spain has many areas where property can be purchased at relatively low prices. Some popular regions for budget-friendly property include Andalusia, Murcia, and Castile-La Mancha, amongst others. In these areas, you can find houses and apartments for sale at prices that are significantly lower than in more expensive areas such as Madrid, Barcelona, or the Balearic Islands.

The cheapest town in Spain to buy a house in 2023 is in the province of Toledo (Castile-La Mancha). Specifically, Alcaudete de la Jara has the cheapest properties in Spain per square meter, as homeowners in the municipality ask for an average of just 284 euros/m2. This is according to a study by the southern European real estate marketplace and based on its price report for the month of December 2022. Let's have a closer look at all the details of the report and find out more about the cheapest place to buy in Spain in 2023.

The cheapest place in Spain to buy property

The podium of the 5 cheapest towns to buy property in Spain is completed by the Cordoba towns of Belmez (352 euros/m2) and Fuente Obejuna (352 euros/m2), as well as Villafranca del Cid (353 euros/m2), in Castellón, and Puerto Serrano (365 euros/m2), in Cádiz. Below 400 euros per square meter, we can also find Almadén (370 euros/m2) and Malagón (398 euros/m2), both in Ciudad Real, and El Carpio de Tajo (383 euros/m2), in the province of Toledo.

There are only 12 other Spanish towns with prices below 450 euros per square meter, which cover almost all of central and southern Spain. In order of price, we find Castillo de Locubín (414 euros/m2), in Jaén; Campo de Criptana (414 euros/m2) and Pedro Muñoz (416 euros/m2), both in Ciudad Real; La Villa de Don Fadrique (420 euros/m2), in Toledo; Colomera (422 euros/m2), in Granada; Peñarroya-Pueblonuevo (429 euros/m2), in Córdoba; Calzada de Calatrava (434 euros/m2), in Ciudad Real; Villacañas (437 euros/m2), and Corral de Almaguer, (441 euros/m2), both in Toledo; Bembibre (442 euros/m2), in León; Bullas, in Murcia, and La Pobla Llarga, in Valencia (443 euros/m2, in both cases).

The ranking of the 25 most affordable municipalities to buy a house in Spain continues with the towns of Santa Olalla del Cala (454 euros/m2), in Huelva; Algueña (455 euros/m2), in Alicante; Villanueva de los Infantes, in Ciudad Real, and Tobarra, in Albacete (both with 456 euros/m2); Escalonilla (457 euros/m2), in Toledo; Macael (458 euros/m2), in Almería, and Horcajo de Santiago (463 euros/m2), in the province of Cuenca.

The cheapest places to buy property in each autonomous community

What is the cheapest area of Spain? The study carried out by is completed with the most affordable locations in each of Spain's 17 autonomous communities. In addition to the regions with municipalities in the top 25 positions, two more autonomous regions have a market below 500 euros and therefore some of the cheapest property in Spain. These are Catalonia, where the cheapest municipality is Linyola in Lleida with average prices of 470 euros/m2 and Aragon, with Gallur and its 499 euros/m2, in the province of Zaragoza.

Next comes the cheapest town in Extremadura, Castuera (Badajoz), where owners are asking for an average of 523 euros per square meter; followed by Galicia, with the municipality of Vilamarín (540 euros per square meter) and Asturias, San Martín del Rey Aurelio (556 euros per square meter). After them comes Agoncillo (654 euros/m2), in La Rioja; Campoo de Enmedio (656 euros/m2), in Cantabria, and Tielmes (746 euros/m2), in the Community of Madrid.

Among the cheapest towns in Spain's regions, the one with the highest prices is María de la Salud, in the Balearic Islands, where this town in Mallorca has an average price of 1,199 euros/m2, ahead of Oión in Álava, as the most affordable in the Basque Country, with average prices of 997 euros/m2. Completing this group of the most affordable towns are the village of Tanque (931 euros/m2), in Santa Cruz de Tenerife, and Castejón (782 euros/m2), in Navarre.

Find cheap property for sale in Spain in 2023

There are lots of bargains to be found in Spain and a lot of cheap places to buy in Spain. And here we are here to help you find the cheapest place to buy a house in Spain, with a wide range of cheap property for sale across the country. Check out our guide on cheap property for sale in Spain.