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A City in Murcia Offers Homes for Less Than 40,000 Euros Amid Rising Prices

Real estate for pennies: where in Spain you can buy a house for the price of a car

Housing prices in Spain are reaching record highs. Yet, some unique places to buy remain. One city offers very affordable options. Discover this remarkable location.

Spain’s real estate market in 2025 continues its unprecedented surge, prompting many prospective buyers to delay their dream of owning a home. The price per square meter is soaring almost nationwide, with the trend particularly noticeable in regions like Murcia, where annual price growth is among the highest in the country. Affordable housing seems to have become a myth, yet even amidst widespread price hikes, there are true oases for those seeking budget-friendly options.

Contrary to the national trend, hidden in the heart of the Murcia region is a municipality that defies all stereotypes. This is Bullasβ€”a small town recently recognized as one of the cheapest places to buy property, not only in its region but across Spain, ranking an impressive 18th in the national rating. Here, the average price per square meter is around 485 euros, which seems almost unreal compared to the national average exceeding 2,400 euros.

A review of local listings confirms this trend. The market features properties priced under 50,000 euros, with some homes and apartments selling for as low as 40,000 euros or less. Of course, it’s important to be realistic: some of these attractively priced options will require additional investment in renovation and modernization. However, the very opportunity to purchase real estate at such a low price point opens the door to a wide range of buyers, from young families to investors seeking promising projects.

But Bullas is attractive not just for its property prices. It is an authentic and peaceful town with a population of around 12,000, located just 40 minutes from the regional capital. Surrounded by picturesque farmland, Bullas is renowned for its long-standing wine-making traditions, boasting its own DenominaciΓ³n de Origen. Life here moves at a relaxed pace, in harmony with nature, among hills and ravines that increasingly attract rural tourism enthusiasts. It’s an ideal place for those tired of the rush of big cities and seeking a different quality of life without giving up modern comforts.

The price gap between Bullas and the rest of Murcia is striking. While the regional average for a square meter is around 1,500 euros, in this town it is nearly 70% cheaper. This contrast vividly highlights the economic divide between major provincial centers and smaller settlements in the country’s interior. Bullas serves as a clear example that in Spain, there are still places where the dream of owning a home does not collide with insurmountable financial barriers, offering in return tranquility, authenticity, and a close connection to nature.

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