10 up and coming locations to buy property in Spain in 2024 — idealista/news

The Spanish property market is alive and well, with emerging locations offering exciting opportunities for investors and those seeking a slice of Spanish life. Whether you’re after a holiday home, a rental investment, or a permanent move, these up-and-coming areas offer a unique blend of growth potential and Spanish charm.

Ceuta: Strategic Coastal Gem on the African Coast

Located on the North African coast, Ceuta offers a unique blend of Spanish and Moroccan influences, making it a culturally rich location for real estate investment. Its strategic position, acting as a gateway between the Mediterranean Sea and the end of the Atlantic Ocean, has been historically significant and continues to attract international buyers. The stunning beaches and strategic importance makes Ceuta a prime investment opportunity in the Spanish property market.

Ceuta has experienced exponential growth in property sales, driven by its affordability compared to mainland Spain and the potential for high rental yields. The supply of rooms for rent has increased by 97%, seeing the third highest increase for a Spanish city in 2024. The city is also attracting those seeking a unique lifestyle, with its blend of cultures and duty-free shopping.

For investors looking for a property in one of the 10 up and coming locations to buy property in Spain, Ceuta offers a unique proposition.

Badajoz: Bridge Between Spain and Portugal

Badajoz straddles the border of Spain and is 188km away from Lisbon, Portugal. Badajoz is a hub of economic and cultural exchange, making it a dynamic and interesting location for real estate investment. Its well-connected infrastructure, including an airport and major road links, makes it easily accessible from both countries. This accessibility, combined with its affordability for being one of the lesser known Spanish cities for expats, makes Badajoz an attractive option for investors seeking a strategic location within the Spanish property market.

Properties in Badajoz are among the lowest priced in Spain, offering excellent value for money. Seasonal rentals now make up 18% of the supply in Badajoz, which opens up a great investment opportunity for those looking to buy holiday homes for rent. The city is experiencing a period of regeneration, with new developments and infrastructure projects underway. This makes it an ideal time to invest in Badajoz and become part of a growing and vibrant community.

With its unique position on the Iberian Peninsula and its potential for growth, Badajoz is certainly one of the 10 up and coming locations to buy property in Spain.

Guadalajara: A Hidden Gem a Stone’s Throw from Madrid

Not far from Madrid, Guadalajara offers a tranquil escape from the hustle and bustle of the capital. Its excellent transport links, including high-speed rail connections to Madrid, make commuting a breeze, attracting those who work in the capital but prefer a more laid-back lifestyle. This proximity to Madrid, coupled with a growing economy fuelled by logistics and tourism, makes Guadalajara a smart choice for property buyers looking for a blend of tranquillity and convenience.

Guadalajara boasts a rich history and a charming old town with well-preserved architecture. The city offers a more relaxed pace of life compared to Madrid, with plenty of green spaces and a family-friendly atmosphere. The property market in Guadalajara offers excellent value for money, with a range of options from modern apartments to charming townhouses. 

Whether you’re seeking a peaceful retreat or a strategic investment opportunity near a major hub, Guadalajara is undoubtedly one of the 10 up and coming locations to buy property in Spain.

Teruel: Affordable Beauty with Growing Appeal

Teruel is gaining traction with international buyers seeking affordable property in a picturesque setting. Nestled in the heart of Spain, the region of Aragón boasts stunning natural landscapes, from rolling hills to rugged mountains, making it ideal for nature enthusiasts and those seeking a peaceful retreat. Its ample land for development and growing tourism industry, particularly in rural tourism and adventure sports, offer excellent investment potential for those looking for long-term growth.

Teruel offers an authentic Spanish experience, with a rich cultural heritage and a slower pace of life. The city is known for its Mudejar architecture, a unique blend of Islamic and Christian styles, and its charming old town. Luxury property prices in Teruel are third highest in growth, among the most competitive in Spain, making it an attractive option for first-time buyers and those seeking a high-value investment. 

Avila: Historic Charm and Strategic Location

Nestled amidst the Sierra de Gredos mountains, Avila boasts a rich history and stunning architecture. Its perfectly preserved medieval wall, a UNESCO World Heritage site, encircle a city dotted with Romanesque churches, grand palaces, and a captivating town quarter. This historical patrimony makes Avila a magnet for tourists seeking an authentic Spanish experience, creating an exciting rental market for property investors. 73% of all housing in Avila costs less than 150,000€, which makes it among the cheapest within the Spanish provinces.

Its strategic location, 86km from Madrid and 108km from Salamanca, adds to its appeal for property investors seeking a blend of history and accessibility. Excellent road and rail connections make it easy to reach from the capital, making it an ideal weekend retreat for city dwellers or a peaceful remote-work base for those seeking a quieter pace of life.

Avila offers a unique opportunity to invest in a city where history and modernity blend seamlessly, making it one of the 10 up and coming locations to buy property in Spain.

Ciudad Real: Opulence, Wine, and Easy Access to Madrid

Ciudad Real offers a unique blend of grand plazas, renowned wineries, and convenient access to Madrid. Its historic centre, with its impressive Plaza Mayor and elegant facades, exudes a sense of grandeur and sophistication. Castilla la Mancha is surrounded by vineyards producing some of Spain’s finest wines, making it a haven for wine enthusiasts and offering potential for investment in the flourishing wine tourism industry.

Ciudad Real is the province with the lowest prices (€513/month) with the highest demand in Spain 2024, which makes for great returns for buying to rent investors. Its combination of cultural richness and transport links makes it an intriguing option for property buyers looking for a unique blend of city and countryside living. High-speed rail connections to Madrid make commuting effortless, allowing residents to enjoy the tranquillity of Ciudad Real while staying connected to the capital’s opportunities only one hour away.

This blend of accessibility, cultural heritage, and a relaxed lifestyle makes Ciudad Real a hidden gem in the Spanish property market and a worthy contender among the 10 up and coming locations to buy property in Spain.

Huelva: Coastal Paradise with Beaches and History

Famed for its pristine beaches and proximity to Portugal, Huelva is a haven for beach lovers and water sports enthusiasts. Imagine waking up to the sound of waves crashing on the shore, spending your days exploring hidden coves, or indulging in delicious seafood at beachfront restaurants. Huelva offers a slice of coastal paradise that’s hard to resist.

Its growing tourism industry, for those seeking a coastal retreat particularly, make it an attractive destination for property investment. Huelva is among the provinces with the least transaction time between posting and closing, along with Palma, 26% of homes were rented after only 24hrs on the market. The city’s strategic location on the Costa de la Luz, with its miles of golden sands and crystal-clear waters, makes it a prime spot for those seeking a sun-drenched lifestyle.

Beyond its beaches, Huelva boasts rampant history dating back to the ancient times of 194BC. Explore the remains of Roman settlements, discover the legacy of Christopher Columbus, or delve into the region’s Moorish past. The city offers a fascinating blend of history, making it an intriguing destination for those seeking a culturally rich environment.

La Coruña: Where History Meets Modernity on the Coast

La Coruña, also known as A Coruña, seamlessly blends a bustling port city with a charming old town. Its fantastic maritime history is evident in the vastness of the harbour, lined with colourful buildings and bustling with constant activity from passerby and fishermen alike. Stroll along the Paseo Marítimo, one of the longest seafront promenades in Europe, and soak up the vibrant atmosphere of this dynamic city.

Its stunning coastline, with its rugged cliffs, sandy beaches, and hidden coves, offers breathtaking views and endless opportunities for outdoor activities. From surfing and sailing to hiking and cycling, A Coruña caters to all tastes. This accounts for its popularity with international buyers, making up 72% of the property market in Galicia. The city’s vibrant cultural scene is another major draw, with a thriving arts and music scene, numerous museums and galleries, and a lively nightlife.

La Coruña’s property market offers from modern apartments with sea views to charming townhouses in the historic quarter. The city’s strong economy, driven by tourism, fishing, and technology, makes it an attractive destination for property investors seeking long-term growth potential.

Whether you’re looking for a dynamic city life, a coastal retreat, or a cultural hub, La Coruña has something to offer everyone. Its unique blend of history, modernity, and natural beauty makes it one of the 10 up and coming locations to buy property in Spain.

Segovia: Roman Heritage and Natural Beauty Near Madrid

Home to the iconic Roman aqueduct, Segovia offers a captivating blend of history, culture, and natural beauty. This UNESCO World Heritage city effortlessly combines ancient wonders with a buzzing modern atmosphere. 

Its proximity to Madrid, just a 30min journey on the high speed train, adds to its allure for property investors. This accessibility, combined with a growing tourism industry drawn to Segovia’s historical significance, makes it a prime location for those seeking a blend of cultural immersion and investment potential.

Whether you’re captivated by Roman history, enchanted by charming medieval streets, or seeking a strategic investment opportunity near a major hub, Segovia offers a compelling proposition for discerning property buyers.

La Rioja: Vineyards, Tranquillity, and Investment Potential

World-renowned for its vineyards, La Rioja offers a tranquil escape for wine lovers and those seeking a slower pace of life. Imagine waking up to the sight of rolling vineyards, spending your days exploring 500 year old charming villages, and indulging in wine tastings at world-class wineries. La Rioja offers an idyllic lifestyle for those seeking a connection to nature and a taste of authentic Spain.

Its charming villages, nestled amidst the vineyards, offer a glimpse into a more traditional way of life. The region’s potential for rural tourism, particularly in wine tourism, makes it an appealing option for property investment.

Whether you’re drawn to the allure of wine country living, seeking a peaceful retreat, or interested in tapping into the flourishing wine tourism industry, La Rioja presents a unique opportunity to invest in a region where lifestyle and investment potential blend seamlessly.