Cheap Properties in Almería under €100K

Published July 25, 2025 | Category: Real Estate & Economy

If you’re looking for affordable homes in Spain, Almería stands out as one of the last remaining places where property is still within reach. This guide focuses entirely on cheap properties in Almería — updated with fresh data for 2025.

Why Cheap Properties in Almería Are Gaining Attention in 2025

Almería is emerging as one of Spain’s most attractive destinations for budget-conscious property buyers. Unlike other Mediterranean provinces, it still offers a wide range of homes priced under €100,000 — including habitable flats, rustic cottages, and repossessed houses. Its combination of low cost, warm climate, and natural beauty appeals to retirees, digital nomads, and property investors alike.

In 2025, property prices across much of coastal Spain have surged, yet Almería’s inland villages and smaller towns remain surprisingly affordable. Some properties are available from as little as €20,000, with rural homes under €40,000 common in certain zones.

Where to Find Cheap Properties in Almería

Cheap homes in Almería are concentrated in specific areas — especially in the interior. Here’s a breakdown of top regions offering the best value:

1. Vélez-Blanco & Surroundings

One of the cheapest municipalities in the entire province, Vélez-Blanco offers homes for as little as €15,000. These are often traditional village houses, typically in need of renovation, with prices averaging around €480 per square metre. The nearby town of Vélez-Rubio also offers similar opportunities.

2. Fiñana, Serón & Benizalón

These quiet, inland towns are ideal for buyers looking for peace and rustic charm. Prices range from €18,000–€30,000 for small homes, many of which are eligible for renovation grants or available through bank repossession channels.

3. Arboleas & Albox Area

Popular among foreign buyers, especially British expats, these areas offer affordable yet livable homes from €45,000. You’ll find two-bedroom houses, terraces, and even small villas that are move-in ready or require only basic improvements.

4. Adra, El Ejido & Cuevas del Almanzora

Coastal towns like Adra and El Ejido offer flats from €55,000, many of which are rental-ready. Cuevas del Almanzora provides a good mix of cheap coastal and inland homes, appealing to both investors and seasonal residents.

Typical Price Brackets & What to Expect

Here’s a general guide to what you can find at different price levels:

Under €30,000: Basic village homes, some with electricity and water connections. Typically 50–90 m², often needing full renovation.
€30,000–€70,000: 2-bedroom flats or townhouses in good condition, especially inland. Some coastal properties in this bracket will be smaller or require work.
€70,000–€100,000: Move-in ready homes, including renovated cortijos or modern apartments close to beaches or town centres.

What About Bank Repossessions?

Almería has a healthy market for bank repossessed homes. These are properties reclaimed by banks and offered at below-market prices. Many start from €15,000 and can be financed directly through the institution. While some require major renovation, others are in good condition and ideal for rental or resale.

Inland vs. Coastal: Which Offers More Value?

Coastal areas like Vera Playa and Roquetas de Mar are more expensive per square metre, averaging €1,400–€2,000. These regions are better for short-term holiday rentals and yield stronger resale demand. Inland areas, by contrast, are far cheaper (often €300–€700/m²), making them perfect for buyers who value space, peace, and long-term investment potential.

Expected Rental Yields

Gross rental yields in Almería vary based on location and purchase price:

€20K–€30K homes: Rent for €200–€300/month = 8–14% gross yield
€40K–€70K homes: Rent for €350–€450/month = 6–9% yield
€80K–€100K flats: Rent for €500–€600/month = 5–7.5% yield

Holiday lets can boost yield further, especially near the coast — but depend on tourist demand and legal licensing.

Renovation Costs & Time to ROI

Many of Almería’s cheap properties require work. Here’s what to expect:

Basic repairs: €5,000–€12,000 – painting, plumbing, electrics
Full renovation: €15,000–€35,000 – roof, structure, kitchens
Rural conversions: €40,000+ – full rebuilds of ruins or cortijos

Payback time ranges from 2 to 10 years, depending on rental use or resale strategy.

Legal Tips for Buying Cheap Properties

If a home seems too cheap to be true, check the following before you buy:

Is the property registered in the land registry?
Does it have legal residential status or is it classified as agricultural?
Are all debts or embargoes cleared?
Do renovation works require planning permission?

Always work with an independent solicitor, ideally one experienced with rural property transactions in Andalusia.

Why Buy Now?

As Spain continues to see housing inflation in major coastal zones, Almería remains an outlier — a place where buyers can still purchase entire homes at the price of a small car. But this is changing fast. Foreign interest is rising, especially in areas with good infrastructure and sunshine year-round. Bargains may not last much longer.

Get Expert Help to Find the Best Deals

At Almería Housing, we specialise in helping clients find, evaluate, and renovate affordable homes across the province. Looking for a rental investment or a personal escape? We offer practical advice and listings starting at just €20,000.

For more insights into the market, visit our Real Estate & Economy section.