Studio in Spain

A studio apartment in Spain is an apartment without separation into kitchen, living room, or bedroom. Only the bathroom and toilet are located separately.Studios are usually inexpensive, compact, yet spacious and bright thanks to the open space concept. They are suitable for students, single people, or young couples. For families with children, a studio may be inconvenient. Although a studio is often associated with small size and low cost, there are also luxurious studios with pools, located on the beachfront or in prestigious areas.

Can you buy a studio apartment in Spain without citizenship?

Both Spaniards and foreigners, including Ukrainians, can purchase property in Spain. Such a purchase can give the right to obtain a residence permit. To qualify for residency, you must invest at least €500,000 in real estate. However, studio apartments usually cost less. They are often purchased not for personal living but for renting to students or tourists.Both residents and non-residents can buy apartments in Spain. For non-residents, it is more complicated, as not every bank agrees to cooperate with them.Regardless of residency status, to buy an apartment you must open a bank account in Spain. This requires documents. Spanish-life will help you with the paperwork and with opening a bank account.At minimum, to buy a studio apartment in Spain you will need a foreign passport and a foreigner identification number. After opening a bank account, you:

• reserve the property (sign a contract and make a deposit – €3,000–10,000, or 10–12% of the price);
• verify the property’s compliance with declared characteristics and legal status;
• sign a preliminary contract;
• sign the final contract with a notary;
• have your details entered into the Spanish land registry.

After this, you are considered the legal owner of property in Spain.

How much does a studio apartment cost in Spain?

Prices for studio apartments in Spain vary depending on size, location, and renovations. New builds are more expensive than resale properties. Renovated apartments cost more than those without renovation. The larger the apartment, the higher the price.The most expensive housing is in the Balearic Islands – prestigious resorts where the price per m² ranges from €4,700 to €5,246. Even in the capital, prices are lower – €4,000–5,104 per m². In Barcelona, the cost is €3,900–4,707 per m². Slightly cheaper is the Costa del Sol, where the price per m² is about €3,522.Mid-range prices include Valencia (€2,061–2,849), the Canary Islands (€2,849 per m²), and Costa Blanca (€2,249 per m²). All these regions are famous for their beaches and resorts. While Costa del Sol is associated with luxury resorts, Costa Blanca combines both prestigious and affordable options.It is possible to buy a studio apartment cheaply in regions away from the coast – such as Extremadura, near the border with Portugal, and Castilla-La Mancha – the homeland of Don Quixote. There the price is about €1,200 per m². Prices are slightly higher in Murcia – around €1,505 per m².However, these prices are indicative. The cost depends on location – the larger the city, the higher the price. The closer to the sea, the more expensive the property, as the sea attracts tourists.Additionally, property prices in Spain are constantly rising. The mentioned prices are approximate. Keep in mind – besides the price of the apartment, you must also pay for registration and taxes. Therefore, we recommend setting aside 10–12% for additional costs.

Why should you buy a studio in Spain?

A studio apartment in Spain is a solid investment for the future. At minimum, it’s housing in a wealthy, developed European country. At maximum, it’s a source of passive income.You can buy a small but comfortable studio with a sea view and rent it to tourists. Spain receives many visitors, especially in the summer, and they need accommodation. They can rent it from you.You can also buy an apartment in a large city and rent it to a student or tourists on a short-term basis. Major cities are always in demand thanks to historical and architectural landmarks. Spain has about 49 UNESCO World Heritage Sites.These include the historic centers of Córdoba and Toledo, Gaudí’s works in Barcelona, and dozens of other notable sites. Of course, property in tourist areas is more expensive, but it is worth it.However, be careful. Check that the seller has all necessary documents. Pay attention to the legal status of the apartment. Ensure there are no liens on the property or unpaid utility bills.Keep in mind – after the sale, all debts transfer to you. Also, check how long the property has stood empty. If for a long time, squatters may have occupied it. Evicting them requires court action, which is a complicated process.Spanish-life will help you select a suitable studio apartment in Spain. We work only with reliable sellers and developers. Browse photos and offers on our website, contact us, and see for yourself.