Are you thinking about buying a property in Spain but you're not sure which location is right for you? Time to pour yourself a fruity rioja and put your feet up. Kyero's data and research wizards have crunched the numbers to bring you our 10 top destinations in Spain for property investment in 2024.
From perennial favourites such as Torrevieja and Oliva, to up and coming hotspots like Málaga and A Coruña, make 2024 the year you find your sunshine in Spain.
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Firstly, why buy a property in Spain?
The number one reason to buy a property in Spain according to Kyero customers is the sunshine, 3,000 hours of it to be exact. But beyond the sun, sand, and sangria, there are at least 101 reasons to move to Spain.
The Spanish property market remains robust as we move into 2024, despite the global uncertainties of the previous year, and continues to attract investors from around the globe. House prices remain steady, fuelled by a scarcity in supply—a consequence of unprecedented buying activity in the aftermath of the pandemic.
More good news could also be on the horizon; as the Spanish and French governments have recently been lobbying for the EU to relax the 90/180 Brexit rule. If it happens, it would mean British buyers would be allowed to stay in Spain for a lot longer without the need for a visa, welcome news for anyone seeking a Spanish holiday home.
Torrevieja is known for its picturesque salt lakes, which contribute to the area’s healthy microclimate. The high concentration of salt & iodine in the air helps people who suffer from asthma. Bathing in the lake mud is also good for your joints, skin and general wellbeing.
Torrevieja has been popular with expats for decades and was the number one most popular location for property buyers in Spain in 2023, according to our data gurus. With five blue flag beaches, a pretty seafront promenade, and numerous restaurants and bars, it’s easy to see why Torrevieja continues to attract foreign buyers.
A little further to the north, Guardamar del Segura boasts pristine blue-flag beaches, lush parks, an attractive marina, and a charming town centre. While nearby La Marinais a dream come true for golfers, with seven courses to choose from.
Why buy a property in Torrevieja? It’s super popular with tourists and expats, so it’s a good bet if you’re looking to make money out of your property, there’s also lots to do in and around the town, with award winning golf courses, museums, waterparks, and spectacular beaches to visit.
Vibrant Málaga offers the Mediterranean lifestyle in a bustling and lively Spanish city. Its authentic Spanish vibe and cultural cache has blossomed in recent years due to significant investment in the city centre, which has been transformed into a hip place to live and visit, with excellent museums and a thriving food scene, rivalling its nearby neighbours of Seville and Granada for authentic Spanish culture.
There are great transport links - the city centre is just 10 minutes from Málaga international airport which is served by many low-cost airlines. There are also excellent high-speed rail connections to the rest of Spain and mainland Europe.
El Limonar in the east of the city, is one of the most popular residential areas, and it’s next to one of the best beaches in Málaga. Pinares de San Anton is an affluent, up and coming suburb, where you’ll find a glut of high end villas with pools and new urbanisations being built.
Why buy a property in Málaga? The city was rated the best city in the world to live by Internations’ annual expat city ranking. Málaga is now the third-biggest urban hotspot in Spain for property investors after Madrid and Barcelona.
Sotogrande is a highly sought after private residential development on the Costa del Sol, offering some of Europe’s most expensive properties. The busy marina is home to a sailing club, shops and restaurants.
There are two tennis clubs, five golf courses, including the Valderrama Golf Club, which played host to the 1997 Ryder Cup and the European Tour Volvo Masters, plus six polo fields, paddle courts, a riding stables, yoga, kayaking, windsurfing, jet skiing lessons, hoverboards, electric bikes, paddleboards, longboards, and segways and scooters are available for rent and sale.
Nearby excursions include the Alcornocales Natural Park, the rock of Gibraltar and Marbella is only a 30 minute drive. When it comes to overseas buyers, Sotogrande is the second most searched-for destination in the Cadiz province of Spain, and it is particularly popular with the British, as well as buyers from western and northern Europe and the USA.
Sotogrande is a destination that appeals to property investors looking for a little more space and peace than they’ll find in nearby glitzier resorts like Marbella, and Puerto Banus which is only a 45-minute drive away.
Why buy a property in Sotogrande? Sotogrande offers sophisticated apartments and colourful townhouses mixed with enormous luxury villas, offering modern, boundary-pushing architecture, high specification facilities and a sense of privacy.
Situated on the northern tip of Spain, facing the Atlantic, the charming city of A Coruña is made up of a bustling commercial port and enchanting Old Town, and was once home to a young Pablo Picasso. City highlights include the Paseo Marítimo recreational space, an aquarium, several museums, and a casino, seafront promenade and the iconic UNESCO Tower of Hercules Roman lighthouse.
A Coruña is known for its laid-back lifestyle and legendary food scene. The region of Galicia is renowned for its delectable seafood, hearty meat stews, Galician crêpes (filloas), and Albariño wine, making it an ideal destination for food enthusiasts looking to invest in property. The wet yet temperate climate of Galicia ensures an abundance of plants and food produce, which can be admired (and devoured) at the bustling Mercado San Agustin covered market, as well as at numerous restaurants, tapas and pintxos bars dotted around the city.
A Coruña also boasts an exciting events program. Highlights include the Mozart and opera festivals, a bonfire festival and the Festivals of Maria Pita which take place throughout August and include a book fair, craft fair, naval reenactments, and a football competition.
Since 2013, property sales in the area have been steadily increasing, with a noteworthy 7% of sales going to international buyers.
Why buy a property in A Coruña? Low cost of living compared to other big cities and coastal towns on the more well known costas, and Spain’s excellent high-speed rail network now reaches Galicia, cutting the journey from Madrid to A Coruña from five hours to just two.
The seaside resort of Santa Ponsa is the second most popular location for property investment in sun-kissed Mallorca, after Palma. Located along the southwest coast, just 25 mins from the capital, Santa Ponsa is a lively town known for its sensational sunsets, big crescent-shaped beach, water activities, restaurants, and boutique shops.
There are two international schools within a 15 minute drive of the resort, covering primary age to sixth form. Golf enthusiasts will love being able to walk to the renowned Santa Ponsa Golf Club, and the marina adds a touch of luxury, providing a picturesque backdrop for waterfront dining.
Luxury super villas dominate the local property market, but there are some property bargains to be had in Santa Ponsa. You could bag a one bedroom studio apartment on Kyero.com for under €200k, perfect as a lock up and leave holiday retreat in one of Mallorca’s most sought after resorts.
Why buy a property in Santa Ponsa? If you’re looking for a modern luxury villa with plenty of sports and leisure pursuits nearby, Santa Ponsa is worth considering.
Known for its bargain properties, traditional old quarter and beautiful coastline - the 7 kilometre stretch of Oliva’s beaches all have blue flag status.
Oliva is a seaside town celebrated for its vibrant local markets, with a welcoming expat community (who make up nearly 25% of the population), excellent amenities, and close proximity to both Valencia and Alicante. Oliva stands as an inviting destination for those seeking the long-term Mediterranean lifestyle on a budget.
The nearby presence of the picturesque Pego-Oliva Marsh Natural Park enhances the town's appeal, providing opportunities for outdoor activities and scenic exploration.
Why buy a property in Oliva? Find your dream home in the sun on a shoestring, enjoy cheap properties and a lower cost of living, plus a friendly local community where English is spoken widely.
A coastal spa town situated on the western shore of the Mar Menor (a large saltwater lagoon separated from the Mediterranean Sea by a narrow strip of land called La Manga), both residents and visitors are attracted to the town for its beaches, thermal spas, water sports and numerous festivals. The mineral-rich water of the lagoon is revered for its healing properties and is listed by the World Health Organisation as one of the healthiest places on earth.
The region of Murcia is popular with property buyers. 28.79% of all sales in Murcia are completed by international buyers, according to the Spanish government’s Q1 2023 property sales figures. Currently, the average asking price for property for sale in Murcia sits at 259,000€, a 6% increase year on year.
Foreign residents make up 13.7% of the total population in Murcia. Many of these foreign residents are located in the area for work, with Murcia accounting for 20% of Spain’s agricultural exports for fruit and vegetable (yet occupying just 2.2% of the territory). Tourism is Murcia’s main other industry.
Why buy a property in Los Alcazares? It could make a positive difference to your health, the salt air from the lagoon is reportedly good for asthma, while the salt waters can help ease the symptoms of arthritis and rheumatism.
This vibrant Ibiza hotspot boasts a picturesque waterfront, marina, promenade, and a variety of high-end restaurants and boutiques. Santa Eulalia is Ibiza’s second largest seaside resort, known for its relaxed pace of life, and cosmopolitan atmosphere. The town's cultural offerings, including art galleries and a music festival, contribute to its artistic reputation. With beautiful beaches like Cala Llonga nearby and easy access to Ibiza Town, Santa Eulalia provides an idyllic setting for those desiring a chilled out beach resort on the world’s premier party island.
Why buy a property in Santa Eulalia? Beyond its picturesque charm, the town boasts a strategic location just 10km from the airport, ensuring easy and convenient international travel. Families are drawn to the area for its proximity to the Morna International College, and for the shallow waters that allow for snorkelling and plenty of water fun with little ones. Golfers will love being just a 10 minute drive to the golf club. And food lovers will love the enthusiastic gastronomy scene.
2023 broke all records for tourism in Lanzarote. The island is known for its stunning volcanic landscapes, including the Timanfaya National Park, beautiful, unspoilt beaches and unique architecture by artist César Manrique. Some of its most popular resorts include Puerto del Carmen, situated on the eastern side of the island, it is the most developed and tourist-oriented town on the island, with a wide range of accommodation, restaurants, bars, and entertainment options. A substantial €140 million investment spanning a decade will facilitate the expansion and enhancement of the island's airport facilities, starting in 2024.
Why buy a property in Puerto del Carmen? Temperatures rarely fall below 20° degrees in Lanzarote, and rainfall is minimal too. As a result the island welcomes tourists all year round - providing an uninterrupted revenue stream for holiday home owners looking to make some money from their property.
Boasting some of the finest beaches in the region, such as La Barrosa, Chiclana provides an idyllic setting for buyers looking for a slice of Mediterranean bliss. The town's rich history is reflected in landmarks like the Sancti Petri Castle, and there are a plethora of golf courses, vibrant local markets, and a range of dining options in the local area. The town's strategic location, close to Jerez de la Frontera and Cádiz, ensures convenient access to some of the most popular tourist attractions in Andalucia. And if all that wasn’t enough, there are plenty of property bargains to be had in this region. You could bag an authentic villa with pool for as little as €165k.
Why buy a property in Chiclana de la Frontera? Spanish white washed village offering authentic Spanish living, with property bargains galore, close to some of the best unspoilt beaches in the area.
Next up:
5 great reasons to buy in Spain
Are you dreaming of changing your life and buying in a warmer clime? There are few places as diverse as Spain and if you aren't already in love, we've got 5 great reasons to inspire you to buy in Spain.
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