How to buy a property in Spain at a discount?

Real estate in Spain is quite expensive. It especially grew in the first half of 2021. Now the average price of 1 sq. m of living space is about 1.7 thousand euros. However, experts say that there are ways to save almost 50% on real estate purchases.

To get the opportunity to purchase housing with a discount of 12% to 46%, you need to choose among non-renovated properties. It is the presence of finishing that largely influences the rise in the price of an apartment or house. Therefore, if the buyer wants to save money and has the opportunity to carry out repair work on his own, this option can definitely be considered.

Where can one find the biggest discounts?

The average discount for housing without renovation is about 25%. In this case, you will have to pay about 1.2-1.3 thousand euros per square meter. The largest discounts (40-46%) are offered in the following cities:

• Leone;
• Ourense;
• Castellone;
• Ponteverde;
• Jaen;
• Cuenca;
• Palencia;
• Las Palmas de Gran Canaria.

These are not the most popular regions in the country, which is why the prices here will be reasonable. As for such popular cities as Madrid and Barcelona, ​​it will be possible to find objects there without renovation with a maximum discount of up to 12%. Considering that in these cities the cost of real estate is the highest in the country, even such a discount will be quite profitable.

Before buying such objects at a discount experts recommend calculating how much repairs will cost in a particular area. In addition to that, it is important to take into account the very condition of the housing. If the amount of the discount turns out to be more than the cost of repairs then the offer is really worthwhile.