Laurence Dollimore
THE cheapest areas to buy a property in Andalucia in 2024 have been revealed by leading property portal Idealista.
It comes as the number of foreigners looking for a bolthole in the country continues to grow.
But for those on a budget, the likes of Marbella and increasingly Estepona are largely inaccessible.
However there are plenty of picturesque pueblos offering homes for very little money in comparison.
According to the latest data, the cheapest town is Velez Blanco, in Almeria, where the average property sells for €397/m2 – around €1,900 below the regional average.
The town is famous for its hilltop castle that looks down on the Roman-style village.
It is the fourth cheapest town in Spain for a home, behind only Almaden in Ciudad Real (€344/m2), Alcaudete de la Jara in Toledo (€357/m2) and Malagon, also in Ciudad Real (€395/m2).
Prices in Velez Blanco range from €16,000 to €695,000, with those on the lower end needing major reforms.
Counting 1,914 residents, Velez Blanco is located in northern Almeria, in the region of Los Velez and close to the border with Murcia.
It is also located within the Sierra de Maria-Los Velez Natural Park.
The average price in Andalucia has now reached €2,204/m2, data from July showed.
It means prices have grown 8.7% year-on-year.
Velez Blanco is the only town in Andalucia with a price below €400/m2.
Locations below the €500/m2 threshold include the Cordoba towns of Moriles (€401/m2), Peñarroya-Pueblonuevo (€404/m2) and Villanueva de Cordoba (€409/m2).
Plus Macael (€439/m2), in Almeria, and La Carolina, in Jaen, which has an average price of €469/m2.
