Murcia is the cheapest region for holiday home buyers in Spain with an average price of €150,000, with most preferring to buy on the coast, according to new research.
The analysis report from franchise estate agents Donpiso found that overall the average budget for buying a holiday home on Spain is €200,000 but there are considerable regional variations.
The second cheapest location is Catalonia’s Tarragona province, home to the Costa Dorada, with an average price of €160,000, then the Cost Blanca in Alicante at €200,000, and the Costa Brava at €205,000. But those seeking to buy a second home or holiday home on the popular Costa del Sol in Malaga will pay an average of €350,000, according to the Donpiso figures.
The company also points out that the busiest time for the holiday home market in Spain are the six months leading up to the summer, after which demand cools down in the run up to Christmas. The research also shows that more than six million Spanish households own a second home in Spain, of which 3.6 million are located in coastal areas of the Spanish mainland and islands. The profile of the average second home owning household are couples aged between 35 and 49 years old, with children and steady income of €3,500 per month or more.
