Investment property in Spain: what to buy and what it costs
Apartments for sale in seven cities with minimum prices, yields, taxes on buying and owning.
In 2026 a square metre of housing in Spain is valued by the Ministry of Housing at about $2,600 (2,400 euros) on average, about $6,100 in Madrid and about $5,200 in Barcelona, and homes rose 12.5% in a year. An apartment by the sea in Torrevieja starts from $85,000. Foreigners buy without permits, and since April 2025 the purchase no longer gives a residence permit.
Below are seven apartments for sale now, from $85,000 in Torrevieja to $438,000 in Marbella, the price per square metre by city, rental yields, taxes on top of the price and how your own home helps with residence. A manager will confirm what is for sale today and the exact price.
The market in brief
Prices and rules as of 2026.
What properties investors buy in Spain
Seven apartments for sale in Spain now, from $85,000 to $438,000: the coast, Madrid and Barcelona. The price, area, floor and condition are the seller's; a manager will send the documents, the floor plan and similar options to the chat.
A one-bedroom apartment with a terrace and its own solarium in a complex with a pool
from $85,000
A 39 m² top-floor apartment in a gated residential complex in Torrevieja: a bedroom, a bathroom, a living room with kitchen, a small terrace at the entrance and its own roof solarium up an internal staircase. The staircase is shared by only two apartments. The complex has a pool and a sunbathing area, with shops and buses nearby. The apartment is sold furnished with built-in wardrobes. Such apartments in Torrevieja rent from $470 (€410) a month, about 6.6% a year.
A two-bedroom apartment with a terrace and a view of Santa Barbara Castle
from $154,000
A 71 m² apartment with 50 m² of living space, a 10-minute walk from central Alicante: two bedrooms, a bathroom and a kitchen-living room. An 8 m² terrace with a city view and a second balcony off the bedroom facing Santa Barbara Castle, with south-east windows that keep it bright all day. 5th floor, no lift, building fees $12-23 (€10-20) a month. It needs a cosmetic renovation. Such apartments rent from $940 (€830) a month, about 7.3% a year.
A one-bedroom apartment with a terrace 10 minutes from the historic centre
from $214,000
A 50 m² apartment on the 5th floor of a building with a lift in El Ejido: a bedroom, a bathroom, an open kitchen with furniture and appliances, a storeroom and a terrace onto which the living room and bedroom open. The historic centre of Malaga is a 10-minute walk, and the university and the Higher Conservatory are nearby, so the apartment lets all year round. Such apartments rent from $890 (€790) a month, about 5% a year.
A whole floor of a Cabanyal house with a balcony 5 minutes from the beach
from $223,000
A 75 m² apartment occupying the whole 1st floor of a typical Cabanyal house with its own street entrance: two bedrooms opening onto a balcony along the facade, a living-dining room, a kitchen with appliances, a bathroom and a gallery. Windows face east and west, the building is in good condition and you can move in right away. The beach is 5 minutes away, the university district is nearby, and the ceiling can be raised for a loft study. Such apartments rent from $1,290 (€1,140) a month, about 6.9% a year.
A one-bedroom apartment in a classic Lavapies building to renovate
from $248,000
A 38 m² apartment on the 3rd floor of a classic building in Lavapies, a quarter in central Madrid: a bedroom, a living room with windows onto the street, a kitchen with a window, a full bathroom and a separate toilet. The apartment needs renovation and is priced at the bottom of the district: buyers renovate it and let it. Such apartments in Lavapies rent from $990 (€880) a month, about 4.8% a year on the purchase price.
A 93 m² two-bedroom apartment in a 1910 modernist building
from $332,000
A 93 m² apartment with 88 m² of living space in the Dreta de l'Eixample: two double bedrooms, a bathroom and a living-dining room with kitchen. A full renovation in 2019, high ceilings, parquet and a glass ceiling over the light well. A 1910 modernist building with a lift, the apartment is on the ground floor with the living room window onto the street. Monumental and Marina metro stations, Arc de Triomf station and Fort Pienc market are nearby. The state rent index for this apartment is $1,600 (€1,420) a month, about 5.8% a year.
A renovated two-bedroom apartment 300 metres from the beach
from $438,000
An 85 m² apartment in a building with a lift on the main avenue of central Marbella: two bedrooms, one with its own bathroom, a second bathroom, a living room with an open kitchen and built-in wardrobes. Fully renovated, south-west windows, a quiet building. The beach is 300 metres away. Such apartments rent from $1,600 (€1,420) a month, about 4.4% a year.
The price is the seller's price in 2026, in dollars rounded up to the thousand, in euros in brackets. Each apartment costs no more than the lowest price of similar apartments in the district plus 10%. The monthly rent comes from long-term rental listings for similar apartments in the district, and in Barcelona from the state rent index. The floor follows the Spanish count in the listing. We check the cards monthly and replace a sold apartment with one of the same type and price.
How much a square metre costs in Spanish cities in 2026
Homes are most expensive in Madrid, Barcelona and Marbella: a square metre there costs twice the national average. In the second quarter of 2026 the appraised value of housing in Spain rose 12.5% in a year and 1.7% in a quarter, and in Andalusia, home to Malaga and Marbella, 13.8% in a year.
| City | Price per m², appraised value | 50 m² apartment |
|---|---|---|
| Madrid | ~$6,100 (5,400 euros) | ~$300,000 |
| Barcelona | ~$5,200 (4,600 euros) | ~$260,000 |
| Marbella | ~$5,100 (4,500 euros) | ~$250,000 |
| Malaga | ~$3,700 (3,300 euros) | ~$190,000 |
| Valencia | ~$3,300 (3,000 euros) | ~$170,000 |
| Alicante | ~$2,600 (2,300 euros) | ~$130,000 |
| Torrevieja | ~$2,500 (2,300 euros) | ~$130,000 |
| All of Spain | ~$2,600 (2,400 euros) | ~$130,000 |
Data for 2026: the appraised value of open-market housing in the second quarter of 2026 from the Spanish Ministry of Housing; dollars at 2026 exchange rates.
What yield renting out gives
The gross yield from long-term rent in Madrid is about 5.0% a year before tax. It is higher on the coast: the apartments in the cards in Torrevieja, Alicante and Valencia rent at 6.6-7.3%. Large Spanish cities are tightening rules on short lets to tourists, so the yields in the cards are calculated on long-term rent.
| Non-resident tax | Rate |
|---|---|
| Letting | 24% of the rent; EU citizens 19% with expenses deducted |
| Apartment left empty | 24% (EU citizens 19%) on imputed income of 1.1-2% of the cadastral value a year |
| Sale | 19% of the gain; the buyer withholds 3% of the price towards the tax |
| Annual property tax | paid to the municipality, the city sets the rate |
Data for 2026: the yield is the Madrid average; countries are compared in the rental yield table.
On a sale the municipality also charges a tax on the increase in land value. Rates for residents and non-residents are on the page taxes in Spain.
What costs to add to the property price
| Payment | Amount |
|---|---|
| Tax on buying a resale home | set by the region: 6% in Madrid, 10% in Catalonia |
| New home from a developer | 10% VAT plus regional stamp duty of 0.5-1.5% |
| Notary and registration in the property registry | state scales based on the price |
| Deposit under the deposit contract | 10% of the price, part of the price |
| Foreigner's tax number and a Spanish bank account | needed before the deal |
Data for 2026. Agent and translation fees depend on the deal; a manager calculates the total for a specific apartment.
In Spain the apartment is checked in the property registry before the deposit
Mistakes cost more than the tax: extensions missing from the cadastre, the previous owner's debts for property tax and building fees, a ban on tourist lets, and a 10% deposit that stays with the seller if you withdraw. Murblz support removes these risks: we find a property for the budget and goal, check the registry, cadastre and municipality, arrange the foreigner's tax number and bank account and take the deal at the notary through to registration of title.
The cost of support depends on the purchase budget and the goal - investment or relocation; a manager calculates it in the chat.
Does buying give a residence permit
Spain no longer issues residence permits for buying a home: the programme with a threshold of $562,000 (500,000 euros) was closed by Organic Law 1/2025, and new applications have not been accepted since 3 April 2025. Your own home helps with non-lucrative residence: it confirms your address and lowers the expenses taken into account, while the basis is sufficient passive income.
For remote work for foreign employers or clients there is the digital nomad visa, plus routes through work, business, study and family. You can buy an apartment without residence: no permits are needed and there are no restrictions by citizenship. All routes are in the article how to get residency in Spain.
How we find a property
- Budget and goal: investment, a home for relocation, or both. The manager clarifies the city, district and how you will pay.
- A selection of real properties: apartments with the seller's price, floor area, condition and a yield calculation.
- Checks: the property registry, cadastre and municipality, debts for property tax and building fees, the letting licence.
- A remote deal by power of attorney: foreigner's tax number, bank account, deposit contract, notary and registration of title.
The manager sends the selection to the chat, with sellers' prices on the date of the selection.
Options in other countries
Investment property in other countries:
- Investment property in Turkey: what to buy and what it costs
- Investment property in the UAE: what to buy in Dubai and what it costs
- Investment property in Serbia: what to buy and what it costs
- Investment property in Brazil: what to buy and what it costs
- Investment property in Georgia: what to buy and what it costs
- Investment property in Italy: what to buy and what it costs
- Investment property in Bulgaria: what to buy and what it costs
- Investment property in Cyprus: what to buy and what it costs
- Investment property in Montenegro: what to buy and what it costs
More on buying in this country:
- Buying property in Spain: rules, taxes and the deal
- How to buy an apartment in Spain
- Mortgage for foreigners in Spain
- Spain residence permit: all routes
- Spain's golden visa is closed: what instead
- Taxes in Spain
- Madrid: what to see and whether to move there
- Barcelona: what to see and whether to move there
All countries and budgets compared - on the page Investment property abroad.
FAQ
How much does an apartment in Spain cost in 2026?
Can foreigners buy property in Spain?
Does buying an apartment give residence in Spain?
What yield does letting an apartment in Spain give?
What taxes apply when buying an apartment in Spain?
What taxes does a non-resident owner pay in Spain?
Where to buy an apartment for investment in Spain?
Can I buy an apartment in Spain remotely?
Don’t want to figure this out alone?
We handle the whole process end to end: we shortlist properties for your goal, run legal checks and support the deal through to registration. Ask your question in the chat: the free consultation starts right here. Legal representation before authorities and courts is handled by Murblz specialists together with locally licensed partners.
The Murblz consultant replies straight away in the chat on this page. Describe your situation and we will work it out together.
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