The Christmas lottery drawing, this Thursday, December 22, is entered in the calendar of millions of Spaniards who place their hopes in every tenth game played. Most of them expect to face ‘holes’ and running costs, but without a doubt, among the most ambitious dreams reigns the power of acquiring a new home, either for the summer, to be able to move to a bigger one or to break the cycle of shared flats and rental contracts.
Big cities present a problem of supply and access to housing which has limited the possibilities of acquiring a new residence for many citizens. The problems are not limited only to the difficulty of entering a new apartment, but also to the demanding conditions that must be met in order to get a mortgage, which is why paying for a house in cash is seen as a dream come true. .
“El Gordo” gives the lucky winners a prize of 400,000 euros, after related taxes, it leaves an amount of around 328,000 euros. This cuts into the budget for getting a new home, but it doesn’t make it impossible, in fact there are plenty of locations across the country where you can get a large apartment without having to blow your hard-earned cash.
Ten areas of Spain with the cheapest prices
Despite the fact that apartment prices are usually higher, some areas of the Spanish territory offer options for this budget. Castilla-La Mancha and Ciudad Real lead the list of the most favorable areas, where the average price per square meter in November was 753 euros, which means that houses of 100 m2 can be found from 90,000 to slightly more than 200,000, according to data collected by Idealista. It is also possible Province of Cuencand, where it amounts to €798/m2. In the south, Province of Jaen With an average price of €825/m2, it also offers the possibility of owning a house in this price range.
He follows him closely Toledo region, where land costs an average of €841/m2 and is the most interesting option near Madrid. However, it is necessary to take into account that the price in the city almost doubles this value, because in November it was on average €1,461/m2, which means that an apartment of this size is close to €150,000 on average.
Although if, on the contrary, you prefer to choose the northern border of the Community of Madrid, province of Avila, in Castilla y León it has an average price of €864/m2, and in the city €1,146/m2, so we can find apartments with these characteristics worth around €120,000. IN Teruelwhere a m2 sells for an average of €892, a house of 100 m2 could be bought for less than €100,000, leaving more than half of the prize available to carry out any reforms that may be needed.
Extremadura meets the seventh and ninth places of this decalogue. in Province of Caceres the average price is €903/m2 and Badajoz is €972/m2, so in theory the ‘El Gordo’ award would allow you to buy a house of up to 300 m2, although they would do so in the city of Cáceres, which should hardly exceed 200. If you prefer to search in the northern zone, province of Zamorand, with an average price of €948/m2, offers the possibility of acquiring an apartment of the same dimensions. Also easywhere land remains below 1,000 euros per m2 (991 €/m2).
What is the best area to invest in Madrid?
If we look at the pocket, villaverde It is the best area in Madrid to buy a new home, because m2 has an average price of €1,834/m2, so for less than €200,000 you can get a 100 m2 apartment. Another option is passing through Vallecas bridgewith a price of €2,106/m2 where you can buy an average house of 85m2 for just over €180,000.
It also offers many options userwhere the price rises to €2195/m2, but it is an area in constant appreciation, which is reflected in its value increasing by 9.8% during 2022. Something similar is happening in carabanchel, where a square meter is sold on average for €2,319/m2, so if you want to exhaust the prize in its entirety, you can buy a house of up to 100 m2 with ‘El Gordo’. In addition, the value of m2 in this part of the capital increased by 9.5 percent in the last year.
Where is better to buy a new apartment in Barcelona?
The Gracia neighborhood It’s totally out of budget, unless you decide on a 60-square-meter apartment, since the price of each of them is 4,573 euros. The same would happen in zone of EixampleFor 4,823 euros, the amount of the prize is enough to get a small study, although this would imply the liquidation of all the money.
However, the city of Barcelona has other neighborhoods such as the quarter Sants-Monjuïc where an apartment of 300,000 can have up to 100 m2, and the most modest, 80 m2, cannot exceed 280,000, which would leave a margin of about 50,000 for other whims or even for car restoration.