Cheap properties in Spain

How to buy cheap property in Spain safely — costs and financing

When buying cheap property in Orihuela Costa, it is important to factor in the full transaction costs from the outset — not just the purchase price. Property Transfer Tax (ITP) on resale purchases in the Valencian Community is 10% of the property value. On top of this come notary fees, land registry inscription and gestoría costs — in total you should budget for an additional 11–13% on top of the purchase price. On a property priced at €90,000, this amounts to approximately €10,000–12,000 in additional costs — an amount worth factoring into your budget planning from the very beginning.

We explain all aspects of buying cheap property in Spain in full detail in our article: Cheap property in Spain 2025 — how to find a bargain without overpaying.

For buyers with a tighter budget, mortgage financing is also available — Spanish banks typically lend to foreign nationals up to 70% of the property value, meaning you will need a minimum deposit of 30% plus buying costs. On a property priced at €100,000, you will therefore need approximately €40,000–43,000 in personal funds. This is still significantly less than what would be required to purchase a comparable property in the UK, Germany or other Western European countries.

Before making any purchase decision on the resale market, we strongly recommend a thorough legal and technical verification of the property. We check the land registry records, any outstanding debts to the owners' community, the condition of the installations and the property's history — so that you can be certain you are buying a genuine bargain and not someone else's problem. Many cheap apartments in Orihuela Costa require only light refurbishment — new flooring, fresh paint and basic furnishing — which with a budget of €5,000–10,000 results in a property worth considerably more.

As part of our full service we assist with obtaining your NIE number, opening a Spanish bank account, selecting the best mortgage offer and managing the notarial signing. The Azul Villa Properties office is based locally in Orihuela Costa — we know the markets of La Zenia, Villamartín, Playa Flamenca and Punta Prima inside out and we will help you find the best option within your budget. Contact us today and book a free, no-obligation consultation — cheap property in Spain purchased with a trusted local adviser is a safe and well-considered investment.