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Real Estate in Granada, Spain | Expat Exchange
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Granada, Spain

Real Estate in Granada, Spain

By Joshua Wood, LPC

Last updated on Sep 08, 2024

Summary: The most desirable neighborhoods in Granada, Spain are Realejo, Albayzin, and Sacromonte. The average cost to buy a nice 2 bedroom home in Granada is around $200,000 USD, while a nice 3 bedroom home can cost around $250,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and updated kitchens and bathrooms. There are no restrictions on foreign ownership for properties in Granada. An expat should search for a home to buy in Granada by researching the different neighborhoods, looking at listings online, and visiting the area to get a better feel for the area. It is also important to work with a real estate agent who is familiar with the area and can help guide the search.

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How do I find a place to live in Granada?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One of the best ways to find a place to live in Granada is to search online for rental listings. There are many websites that offer listings for apartments, houses, and other types of accommodation in Granada. Additionally, you can search for local real estate agents who specialize in Granada rentals. You can also look for classified ads in local newspapers and magazines, or ask friends and family who may know of available rentals. Finally, you can visit the city and look for “For Rent” signs in the windows of buildings," said one person in Granada.

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With over 40 years of professional experience, Balcells Group provides legal advice on immigration, business, real estate, and tax. They help individuals, companies, investors, students, entrepreneurs, highly-qualified professionals, digital nomads, and more, to enjoy successful law processes in Spain by guiding their clients every step of the way. They speak Spanish, English, Catalan and Russian.

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Balcells Group LawyersBalcells Group Lawyers

With over 40 years of professional experience, Balcells Group provides legal advice on immigration, business, real estate, and tax. They help individuals, companies, investors, students, entrepreneurs, highly-qualified professionals, digital nomads, and more, to enjoy successful law processes in Spain by guiding their clients every step of the way. They speak Spanish, English, Catalan and Russian.
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What is a typical expat home or apartment like in Granada?

"Expat homes and apartments in Granada typically feature bright, airy interiors with high ceilings and plenty of natural light. Many of the apartments have balconies or terraces, offering stunning views of the city and the surrounding mountains. The apartments are usually well-equipped with modern amenities, such as air conditioning, Wi-Fi, and washing machines. The city's vibrant culture and history are reflected in the architecture of the buildings, with many of them featuring traditional Spanish elements such as tiled floors and ornate balconies," said one person in Granada.

Balcells Group Lawyers

With over 40 years of professional experience, Balcells Group provides legal advice on immigration, business, real estate, and tax. They help individuals, companies, investors, students, entrepreneurs, highly-qualified professionals, digital nomads, and more, to enjoy successful law processes in Spain by guiding their clients every step of the way. They speak Spanish, English, Catalan and Russian.

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Click connect to have our partner contact you via e-mail and/or phone.

Balcells Group Lawyers

With over 40 years of professional experience, Balcells Group provides legal advice on immigration, business, real estate, and tax. They help individuals, companies, investors, students, entrepreneurs, highly-qualified professionals, digital nomads, and more, to enjoy successful law processes in Spain by guiding their clients every step of the way. They speak Spanish, English, Catalan and Russian.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

What is the average cost of housing in Granada?

If you are thinking about moving to Granada, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Granada can vary greatly depending on the type of accommodation and the area. Generally, the average cost of renting an apartment in Granada is around €500-€700 per month, while the average cost of buying a property is around €1,500-€2,000 per square meter," said one expat in Granada.

Should I buy or rent a home in Granada?

If you have not spent a lot of time in Granada, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Buying a home in Granada can be a great investment, as the city is known for its rich culture and history. The cost of living in Granada is relatively low compared to other cities in Spain, making it an attractive option for those looking to purchase a home. Additionally, Granada offers a variety of housing options, from traditional Spanish-style homes to modern apartments. Renting a home in Granada can also be a great option, as it allows you to experience the city without the commitment of buying a home. Renting can also be a great way to explore different neighborhoods and find the perfect place to call home," said one expat who made the move to Granada.

What do I need to know when buying property in Granada?

When we asked expats what advice they would give a foreigner before buying a property in Granada, they said:

"When buying property in Granada, it is important to research the local market and familiarize yourself with the local laws and regulations. It is also important to consider the location of the property, as well as the condition of the property and any potential renovations that may be necessary. Additionally, it is important to consider the cost of living in Granada, as well as the availability of public transportation and other amenities. It is also important to consider the taxes and fees associated with purchasing property in Granada, as well as any potential restrictions on foreign ownership. Finally, it is important to work with a qualified real estate agent who is familiar with the local market and can help you navigate the process of buying property in Granada," explained one expat in Granada.

Are foreigners allowed to own property in Granada?

When we asked expats what advice they would give a foreigner before buying a property in Granada, they said...

"Yes, foreigners are allowed to own property in Granada. Non-residents of Spain are able to purchase property in the same way as Spanish citizens, and the process is relatively straightforward. The only difference is that non-residents must obtain a tax identification number from the Spanish tax office before they can purchase a property. Additionally, non-residents must open a Spanish bank account in order to make payments for the property," said one person in Granada.

What appliances are typically included in a rental?

We asked foreigners in Granada what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"Rental properties in Granada typically include a refrigerator, stove, oven, washing machine, and dishwasher. Some properties may also include a microwave, toaster, and coffee maker. Additionally, many properties come with air conditioning and heating units," said one in Granada.

Additional Information about Searching for a Home in Granada:

We asked foreigners in Granada what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats can search for homes in Granada by looking online for real estate websites that specialize in the area, such as Idealista or Fotocasa. They can also search for local real estate agents who can help them find the perfect home. Additionally, expats can look for rental listings on websites such as Airbnb or HomeAway. Finally, expats can also search for homes in Granada, Spain by asking around in the local community for recommendations," explained one foreigner living in Granada, Spain.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

Granada, Spain

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