Guide
Apartments for sale in Spain
The most accessible way into Spanish property: an easier purchase, lower running costs and strong year-round rental demand on the Costa del Sol.
Why an apartment
A lower entry price, maintenance handled through the community of owners, and steady rental demand throughout the year.
What it costs
From around 160,000 euros for a two-bedroom apartment, plus 12 to 14 percent on top in purchase costs.
Where the choice is widest
Fuengirola and Torremolinos offer the largest choice of apartments at moderate prices, with easy access to Malaga and a strong rental market.
The buying process step by step
After your NIE number and a Spanish bank account, you set your budget including purchase costs, then choose the area and the flat that fits your goals. An independent lawyer checks the nota simple, licences and any charges before you sign the reservation contract and pay the ten percent deposit held in escrow. Completion at the notary and land registration follow, six to twelve weeks after reservation for most resales.
What new-build off-plan delivers
New build is often 15 to 25 percent below the eventual market value, paid in stages under a legally required bank guarantee on your deposit, though completion takes longer than a home that is ready now. Whether new build suits your budget and timeline is something I work through with you.
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Sea view or a shared pool
Most buyers want the same things: close to the beach, a shared pool and plenty of sun. A sea-view apartment rents out better year round and holds its value best, but sits above the area average. Second-line properties, a short walk from the beach, often give the best balance between price and rental yield.
Can the community block short-term rental?
Yes, and it is worth checking before you make an offer. Since April 2025, a building's community of owners can restrict or ban new tourist rental with a three-fifths majority vote. Existing licences are not affected, but ask for the statutes and recent minutes before you bid, so you are not the one who finds out at the first meeting.
Apartment prices by coastal region
| Region | 2-bed apartment from | Rental yield |
|---|---|---|
| Costa del Sol | €140,000 | 5-8% |
| Costa Blanca | €100,000 | 4-6% |
FAQ
How much does an apartment in Spain cost?
On the Costa del Sol, two-bedroom apartments start from around 160,000 euros, rising considerably in sought-after spots like Marbella. Budget an extra 12 to 14 percent for purchase costs.
Is buying an apartment in Spain a good investment?
Yes, apartments are the easiest property type to rent out and manage. Gross rental yield on the Costa del Sol is typically 5 to 7 percent.
What extra costs come with owning an apartment?
On top of taxes and notary fees, you pay a monthly community fee that covers upkeep of shared areas, the pool and sometimes a security service.
Can I get a mortgage in Spain as a foreign buyer?
Yes. Spanish banks lend non-residents up to 60 to 70 percent of the appraised value, at rates between 2.5 and 4.5 percent. You will need your NIE number, your last two tax returns and proof of income.
Where is the cheapest place to buy an apartment on the Costa del Sol?
Torremolinos, Mijas and Benalmadena have the lowest entry prices, from around 140,000 to 170,000 euros for a two-bedroom apartment, and the highest rental yields at 6 to 8 percent. Marbella and Malaga city cost more but hold their value most consistently.