Real Estate Market: New Trends in Almería
Housing prices in Spain continue to rise, making affordability a growing issue for many. In 2025, the national average cost per square meter is €2,517, while rental rates reach €14.5 per meter. Against this backdrop, municipalities where property purchases are significantly cheaper are drawing particular attention. According to recent analytical data, there is a locality in Almería province where the average price per square meter is just €505. This is more than four times lower than the national average.
Vélez-Blanco: The Municipality with the Lowest Prices
Recent studies identify Vélez-Blanco as the most affordable municipality for housing in Almería. Here, the average price per square meter is €505—significantly lower not only than the national level but also compared to the provincial average of €1,442 per meter. According to 2024 data, Vélez-Blanco has a population of 1,933.
The town is located in the northeast of the historic Los Vélez area, bordering other municipalities in Almería as well as towns in the provinces of Granada and Murcia. Locals take pride in unique archaeological sites, particularly the Cueva de los Letreros. This UNESCO World Heritage Site is renowned for its ancient rock paintings, some dating back over 7,000 years. The famous symbol of the province—the Indalo figure—is found here.
Historical heritage and natural landscapes
Vélez-Blanco is also renowned for its architectural heritage. Perched on a hill above the town stands a castle built in the early 16th century. Its courtyard, crafted in the Plateresque style, is now part of the Metropolitan Museum’s collection in New York. The municipality is surrounded by the Sierra María-Los Vélez Natural Park, making this area attractive to enthusiasts of mountain scenery, pine forests, and hiking trails. The combination of affordable real estate and unique natural surroundings sets Vélez-Blanco apart from other towns in the region.
Property options: from traditional homes to historic mansions
The Vélez-Blanco real estate market offers a wide variety of properties. For example, a traditional countryside house of 226 square meters, located in the mountains, is available for €48,900. The house comprises three floors, four bedrooms, a bathroom, and a 54-square-meter plot. The property requires renovation.
Another option is a spacious mansion with a watermill, with a total area of 875 square meters. It features six bedrooms, two bathrooms, and an almost one-hectare plot with a swimming pool. The price is €219,900. For those who prefer apartments, a 79-square-meter unit with two bedrooms and two bathrooms is offered for €60,000. The apartment is sold unfurnished, allowing buyers to design the interior to their own taste.
Among the listings, there are also more exclusive properties. For example, a country house with an area of 568 square meters, featuring four bedrooms and four bathrooms, situated on a 53,000-square-meter plot. The house includes stables, a solar-heated swimming pool, relaxation areas, air conditioning, and a spacious basement. Price — €549,950.
In the historic city center, you can find an 18th-century house measuring 364 square meters. This building, with three facades, six bedrooms, and three bathrooms, offers plenty of natural light and panoramic views of the valley and the castle. Price — €115,000.
Conclusion: affordability and uniqueness
Vélez-Blanco remains one of the few places in Spain where you can buy property at a price significantly below the national average. The variety of properties, rich cultural heritage, and natural beauty make this municipality attractive to buyers seeking both affordability and authenticity.
