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Manchester Evening News
Manchester Evening News
National
Phoebe Jobling

What you can buy for £240,000 in Spain as cost of living crisis pushes UK homeowners to move abroad

An increased number of people are looking to upsticks and move abroad as the cost of living crisis worsens in the UK. More and more Brits are now looking escape the rising cost of energy bills, interest rates, petrol and house prices and are instead considering moving overseas to Spain.

New data from Rightmove has revealed that the number of UK buyers contacting estate agents in Spain about properties available jumped by more than a third in April compared to last year, and data from the Land Registry in Spain also shows that the number of British buyer transactions is now at its highest level since 2018.

British buyers continue to be the biggest overseas market for Spain, accounting for 12 per cent of foreign transactions at the beginning of this year, according to Rightmove. The seaside town of Islantilla, Bahia De Marbella in the Costa Del Sol and the town of Vera in Andalusia are each proving to be hotspots for UK homeowners looking to move abroad.

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With the average house price in Greater Manchester now at £244,236, we looked at what properties you can buy for the same price over in sunny Spain - and it is no surprise that you get much more bang for your buck there.

Torre-Pacheco, Murcia

£243,982

Torre-Pacheco, Murcia (Rightmove / Selling Sunset)

For just less than Greater Manchester's average house price, you could buy this stunning three-bed villa in the south-eastern Spanish city of Murcia.

On the market for €287,000, which equates to £243,982, the property is set around a central lagoon and boasts a Mediterranean terrace and a private pool.

Inside the villa (Rightmove / Selling Sunset)

Inside on the ground floor there is a modern open-plan lounge, dining area and kitchen, as well as one bedroom and a bathroom.

Upstairs are two further bedrooms, one of which is a suite with an open bathroom, with a 12-square metre outdoor terrace.

Valencia, Alicante

£244,747

Valencia, Alicante (Rightmove / Your Dream Home)

You could become the owner of this beautiful three-bed home which costs the same amount as the standard property in Greater Manchester.

With a price tag of €287,900, equalling £244,747, the lavish home is located in the traditional Spanish town of Los Montesinos and sits close to a golf court, shops, schools and transport links.

The lavish living area (Rightmove / Your Dream Home)

The home is complete with a fitted kitchen, living and dining area, three bedroom each with fitted wardrobes, two bathrooms and a large rooftop terrace.

Outdoors there is a private garden and a pool which spans five metres, as well as an optional solarium.

Murcia, Aguilas

£244,832

Murcia, Aguilas (Rightmove / Spanish Property Choice)

Also on the market for the same price as an average home in our region is a new build villa in the popular coastal town of Aguilas.

Sitting in a prime location just a four minute walk to the beach, the brand new home comes with a private swimming pool, basement and outdoor patio area.

The kitchen living area (Rightmove / Spanish Property Choice)

Inside it boasts three bedrooms, three bathrooms and an open-plan kitchen, living and dining area with bifold doors that open out onto the outdoor area with plenty of space for relaxing and entertaining.

This property is on the market for €288,000.

Andalucia, Malaga

£245,682

Andalucia, Malaga (Rightmove / Strand Properties)

A ground-floor flat in Malaga that is surrounded by beautiful mountain views and is just a stone's throw away from the beach is on the market for £245,682 - just slightly more than the average home in Greater Manchester.

For the same price you could buy this beautiful property that is located just 20 minutes from the cities of Fuengirola and Marbella, and just 12 minutes from the beach at La Cala de Mijas.

Inside the flat (Rightmove / Strand Properties)

The two-bed flat is surrounded by the beautiful natural park of Sierra de Las Nieves and has access to large communal terraces, a pool and gardens with breath-taking views.

The flat spans almost 1,000 square foot and has two bedrooms, two bathrooms, a kitchen, living room and large outdoor patio area.

Benijofar, Alicante

£246,532

Benijofar, Alicante (Rightmove / Bennecke Real Estate)

On the market for £246,532, which equates to €290,000, is this three-bed villa in the Spanish port city of Alicante.

For just a little more than the average price of a home in Greater Manchester, you could live in this luxury home which boasts multiple upper terraces that overlook a private pool and great views of the town.

The villa comes with three bedrooms, three bathrooms, a modern kitchen and spacious living area with large doors that open to bring the outside in.

The living and dining area (Rightmove / Bennecke Real Estate)

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