50 K Euros
It’s the beginning of February 2015 and the pound sterling is at 1.334 to the euro. In other words three pounds gets you four euros. It’s not for me speculate and I prefer to deal in facts but that is the best sterling rate since 2008. A lot has happened then to make your pound go even further. So, for the purpose of this exercise let’s say that it is not going to get even stronger against the euro even though many people think it will. In 2008 house prices were at a peak. Yes, they had slipped but most were way over-valued. In the past seven years many have crashed by 40% (or more). In other words the favourable exchange rate and the realistic pricing means that Spain is really a great place to buy.
Here’s an example House X was marketed at 135,000 euros in 2008. That was then the equivalent of 100,000 GBP. The same house is now marketed at 100,000 euros which is now the equivalent of 75,000 GBP. The conclusion, that even with the same exchange rate, the Brit is getting far better value! Now, as if that was not good enough the market for first-time buyers/second-home owners was especially hyped and this means there is a lot of property available at less than 100,000 and even plenty of perfectly habitable property for 50,000 euros. Yes, for less than 40,000 euros, you can have your home in the sun.
As part of an occasional series of Spanish house prices, here is an overview of homes you can acquire for 50,000 euros. Next week I will continue with 100,000 properties. I am not suggesting you will get mansions by the beach or palaces in city centres but I want to stress that all the properties listed are legal and totally habitable all year round.
We have three homes near the 50,000 euros mark. The first is an inexpensive get away which has been completely refurbished and is being sold fully furnished . In other words for 50,000 euros you have a home and not a house!
The first is a bungalow in a popular residential area on the outskirts of Torrevieja. With 2 double bedrooms, an open plan kitchen/dining /lounge and a good size patio to the front, this property would benefit from a little updating to make it a very comfortable home. Needs to be viewed to appreciate its potential.
The local buses pass close to the house and offer regular routes throughout the town. There is a cycle path close by the property that leads into the town centre and the beach which is only a 20 minutes’ ride.
The second is a very lovely “lock up and go”, low-maintenance apartment 2-bedroom apartment, close to shops, walking distance to the Friday Market, Town Centre and beach. It is also near the Habaneras Shopping Centre and Aquapark. This property is ideally located to enjoy your surroundings to the maximum. Full details. the
Property number three is near the Playa del Cura beach, close to the Avda. Habaneras in the centre of Torrevieja. This is an excellent one bedroomed apartment that has been finished to a high standard throughout! It has a large living-room/dining-room which is light and airy which leads onto a glazed balcony. The kitchen is totally separate and also has a small balcony. The bedroom is large and features quality fitted wardrobes. Both the bedroom and the living-room are double glazed for comfort and convenience. The bathroom is fully fitted to a high standard with quality finishings. More details here (or 95 571 5359 ask for Eva who speaks English fluently)
Torrevieja on the Costa Blanca is without doubt deepest expatshire. You will love that or hate it! The census has 150 different nationalities and only 47% of the population is Spanish! There are huge British and Irish populations ….. and sizeable groups from Scandinavia and most of the rest of Europe. It was a boom town ten years ago and whilst the population has plateaued the infrastructure has now caught up to make it a destination worthy of consideration. The city is home to many expats and second home to many more. In all honesty, it was a victim of the bubble and house prices soared to unsustainable levels. Now there are genuine bargains to be had. These three are definitely in that category!
This cosy, solid and sound, terraced town house has a built size of 96m² and it can be either a permanent or holiday home. Let’s not not forget it could even be viewed as a great investment opportunity also. It’s a Ground Floor House that has a brand new Fascia and is totally Double Glazed throughout. It comprises of 2/3 Bedrooms, and we have just added an American Style Kitchen. The Bathroom with Shower measures 2.7m x 2m.
The living room is very large and is of approximately 5.9m x 3.9m and has a wood burner providing heat and a warm, welcoming glow during the winter and complete with its own oven where all cooking is done during the winter months.
Full details here
Estepa is a municipality in the extreme south-east of the province of Seville in the Sierra Sur de Sevilla. Its population was 12.631 inhabitants in 2013 of which some 500 were non-Spaniards. The town is located north of the Sierra del Becerro mountains. So 5% and not 50% foreigners and 100 kilometers to the sea but this could be a dream home for somebody.
Perhaps you want city living …..but still want the beach.
Reduced price apartment on the Avenida de Malvarrosa, the main shopping street of the Malvarrosa beach area. This three bedroomed property is on the third floor without lift but has plenty of space to play around with and is well priced at 42000 Euros reduced from 75k.
Lots to think about as a modernisation, do you want the living room to the front rather than in the middle? How do you tally that with the kitchen being to the rear etc? However a good price in a good area just around 400m from the beachfront of Malvarrosa.
Valencia is Spain’s third city but very very different from big brothers Madrid and Barcelona. Firstly you would be a very special person to want Madrid’s weather and secondly the property prices are attractive. This property could easily cost four times as much in a good area of Madrid …..and the beach would not be on your doorstep.
Full details here
Those who love Algorfa would say that it has the best of both worlds. It is 30 minutes from Alicante Airport and 20 minutes to Torrevieja. It is in the fertile plains behind the Mediterranean where the homes are a bit bigger and you have a feeling of space. Obviously, it also boasts one of Spain’s best golf courses, La Finca.
This great apartment is located in the small village of Algorfa. Algorfa has grown in popularity over the past few years due to the development of the La Finca Golf and Spa. This apartment is in close proximity to the resort as well as many other local amenities including shops,bars and restaurants.
The property is located on the ground floor with a terrace. It also benefits from a communal pool and shared grounds.
Full details here
…..and here’s a “Special”
1 Living / Dining Room
A wooden chalet situated on a popular and well kept site with all amenities nearby. Fantastic starter property and high rentability. 24 hours security. Post box. Olympic size communal pool. Cul-de-sac quiet position. Sleeps 6. (Double bed, 2 singles and sofa-bed). Jacuzzi bath. WiFi. Sat TV. Plot rental 256euros/month.(600euros for change of lease)
Torrox is a popular resort east of Málaga and this chalet gives you the opportunity to enjoy lengthy stays in Spain over many years for a fraction of renting for the same period.
For more information, please contact
All the properties offer in my opinion excellent value. What matters is that you find what your are looking for!
Good Luck in your search and if you want any information just use the contact box below.