Can you buy a property on the Costa del Sol for under €100,000?
Several clients have asked us whether it is still possible to find a property on the Costa del Sol for around €100,000. They have investment capital ready and have heard that this budget can still buy something in Spain.
Among the properties currently on the market, you can find apartments with at least one bedroom and one bathroom starting at around €70,000. Studios start even lower.
On top of the price you need to budget for the 7% property transfer tax and other purchase costs. The realistic minimum is therefore around €80,000.
At this price level you shouldn’t expect much. These apartments are usually in the middle of built-up towns such as Torremolinos or Benalmádena, away from the sea. Almost all face inwards, sometimes without proper windows. Other drawbacks are common too — a high floor without a lift, or the need for serious renovation.
A property like this can work as a purely financial investment, which we are happy to discuss, but it does not meet the criteria of a holiday home.
Properties that can genuinely be called holiday homes start at around €100,000 — roughly €115,000 including tax. In this range you will find apartments in beach areas, or at least with a (partial) sea view, generally in good condition and ready to move into. The main compromise is usually size.
These properties are in high demand and tend to appear and disappear from the market quickly. Buyers need to be ready to act fast, with all requirements and the deposit funds prepared.
If a client asks for two bedrooms or a more prestigious location, offers start at around €150,000 including tax — often with almost double the living space. In the same bracket you can also find one-bedroom apartments with a private garden in popular areas such as Mijas Costa.
As a rule of thumb, from around €200,000 the choice widens considerably and buyers can choose by location, layout, distance to the sea and more.
Originally published in February 2023. Prices have moved since — search current listings or talk to us for an up-to-date view.