Property Prices in Spain: Real Estate, Rent and Basic Housing Costs

Spain beckons with its charm, which perfectly combines the sea and mild climate, megacities and small villages, the southern charm of the locals and the freedom-loving character of the northerners.

Property is perhaps the most important issue when planning to move to a country. It is very important to understand that in 2025, housing prices will continue to rise, especially in large cities and coastal regions, so it is necessary to know not only the cost of purchase or rent, but also all associated expenses.

In this article, we take a detailed look at property prices in Spain, prices by region, rental costs and additional expenses faced by tenants and owners.

Housing prices in Spain

The cost of housing in Spain depends greatly on the region, city and proximity to the sea.

Average purchase prices (2025)

• Madrid — €4500–6500 per m²

• Barcelona — €4000–5500 per m²

• Valencia — €3000–4000 per m²

• Malaga — €3500–4500 per m²

• Alicante — €2500–3500 per m²

• Seville — €2500–3500 per m²

💡 In tourist and coastal areas, prices are generally higher than in cities of similar size further inland.

Renting property in Spain

Renting remains the most popular accommodation option for expats and new residents.

Average cost of renting a flat (1 bedroom)

• City centre — €850–1400 per month

• Вне центра — €650–1 100 per month

• Небольшие города — €550–800 per month

In Madrid and Barcelona, demand for rentals significantly exceeds supply, which directly affects price increases.

Extra costs for living

When renting or buying property in Spain, it is important to take into account the mandatory additional costs.

Utility bills

• Electricity, gas, water — €100–170 per month

• Internet and mobile communications — €30–50 per month

Taxes and fees when purchasing

• Property purchase tax — 8–10% (depending on the region)

• Notarial and registration services — 1–2%

• Real estate agency services — 3–5% (if applicable)

On average, additional costs when purchasing amount to 10–15% of the property value.

Comparison of property prices by city

Which is more profitable: renting or buying?

The choice between renting and buying depends on your purposes:

• Renting is suitable for those who are planning temporary accommodation or moving to another region.

• Buying is advantageous for long-term residence or investment.

In 2025, buying property remains attractive to investors, especially in regions with stable rental demand.

Conclusion

Property prices in Spain continue to rise, especially in large cities and tourist regions. Renting remains a more flexible option for new residents, while buying requires careful budgeting, taking into account taxes and additional costs.

For precise budget planning, it is important to consider the region, type of property and purpose of purchase — whether for living or investment.

💡 Good to know: you can get a more complete picture of the cost of living in the country on the page Transport and food costs in Spain.