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 — across villages, towns and coastal areas — updated for July 2025.
Almería’s Cheapest Property Areas Compared – July 2025 Update
Almería has become a quiet favourite among buyers looking for value — offering homes under €100,000, bank repossessions, and renovation projects with long-term potential. This overview highlights where to find the best-value homes in today’s market — from rustic cortijos and inland village houses to coastal apartments and compact second homes.
📍 Cheapest Municipalities per m²
The average price per square meter in Almería province is approximately €1,390/m², making it one of the most affordable regions in Andalusia. The town of Vélez‑Blanco leads as the cheapest option — around €480/m² — with entire homes under €20,000 still available.
Property Price Ranges Across the Province
| Price Range | Property Type | Example Areas | Features |
|---|---|---|---|
| Under €30,000 | Ruins, village houses, studios | Vélez‑Blanco, Fiñana, Benizalón, Lubrín, Serón | €100–300/m²; full renovation needed |
| €30,000–€100,000 | 2–3 bed apartments or houses | Arboleas, El Ejido, Adra, Huércal‑Overa, Cuevas del Almanzora | 60–150 m²; liveable or rental-ready |
| Bank Repossessions | Bank‑owned flats/houses | Various inland and coastal towns | Some units under €15,000; financing possible |
Top Locations by Budget Tier
Below are the towns and villages where you’ll find the most affordable real estate in the province — ideal for budget buyers, retirees, and investors looking to start small.
- Vélez‑Blanco: ~€480/m² — cheapest town in the province. Small village homes often under €15K.
- Fiñana & Benizalón: quiet inland towns with homes under €25K, excellent for renovation.
- Serón & Uleila del Campo: rustic properties and cortijos from €12K–€20K.
- Arboleas & Albox areas: habitable homes from €45K–€90K, popular with foreign buyers.
- El Ejido, Adra, Cuevas del Almanzora: flats €30K–€100K, good rental zones with steady demand.
Inland vs. Coastal: Which Offers More Value?
| Region | Average Price/m² | Typical Property | Investment Profile |
|---|---|---|---|
| Coastal Areas (e.g. Vera Playa, Roquetas de Mar, Adra) |
€1,400 – €2,000 | Flats, tourist lets, holiday homes | Higher short-term rental yield, stronger resale demand |
| Inland Areas (e.g. Vélez-Blanco, Arboleas, Serón) |
€300 – €700 | Village homes, country houses, repossessions | Lower entry price, long-term holds, renovation potential |
Buyers looking for quick rental income often prefer coastal zones, while long-term investors and retirees may favour the affordability and lifestyle inland towns offer.
Expected Gross Rental Yields by Price Bracket
| Purchase Price | Property Type | Typical Monthly Rent | Gross Yield (Annual) |
|---|---|---|---|
| €15,000 – €30,000 | Studio, village flat (needs renovation) | €200 – €300 | 8% – 14% |
| €40,000 – €70,000 | 2-bedroom inland apartment or terrace house | €350 – €450 | 6% – 9% |
| €80,000 – €100,000 | Coastal flat or semi-renovated home | €500 – €600 | 5% – 7.5% |
Gross yield assumes long-term rental. Holiday lets may earn more, but depend on tourist volume and licensing.
Renovation Costs and Payback Time
| Condition | Typical Cost Range | Scope | Estimated ROI Time |
|---|---|---|---|
| Basic repairs | €5,000 – €12,000 | Paint, fixtures, basic plumbing/electricity | 12 – 24 months (via rental) |
| Full renovation | €15,000 – €35,000 | Structure, roof, kitchens, bathrooms | 3 – 6 years depending on use |
| Rural conversion | €40,000+ | Ruins or cortijos transformed into livable homes | 5 – 10 years, resale-focused |
Renovation budgets vary by size, legal status, and location. Always request technical inspection reports and municipal renovation guidelines before proceeding.
Summary Table: Price by Zone
| Zone | Typical Price/m² | Units Available | Risk/Opportunity |
|---|---|---|---|
| Vélez‑Blanco & Fiñana | €120–300 | Small village houses under €20K | High renovation need, high discount |
| Serón, Benizalón, Lubrín | €200–400 | Renovation homes €15K–25K | Great land value; rural appeal |
| Arboleas, Urrácal, Oria | €400–600 | Mid-range homes €40K–90K | Liveable or rental-ready |
| Adra, El Ejido, Cuevas del Almanzora | €600–1,200 | Modern flats €30K–100K | Good yields, coastal/inland mix |
| Province-wide average | ~€1,390 | All types | Benchmark across markets |
Focusing on Cheap Properties in Almería?
We specialise in helping buyers find, finance and renovate affordable properties across Almería. From €20,000 village homes to €100,000 coastal flats, we guide you through every step — with clear advice and real opportunities. Contact us today to get started.
Visit our Real Estate & Economy section for more insights and monthly market updates.
