NEW data has revealed the cheapest places in Spain to buy a home in the second quarter of 2026, with over a quarter falling in Andalucia.

The cordoban village of Fuente Obejuna takes the crown as Spain’s cheapest place to buy a home, with owners asking an average of just €369 a square metre.

Marbella’s cheapest square metre costs more than 15 times Fuente Obejuna’s asking price at €5,581, according to the same portal’s May figures.

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The town lent its name to Lope de Vega’s 17th-century play Fuenteovejuna, one of the most studied works in Spanish literature, in which the whole village closes ranks to protect itself from a tyrannical lord.

Only one other town in Spain gets close to Fuente Obejuna.

Pedro Muñoz, in the Ciudad Real province of Castilla-La Mancha, goes for €377 a square metre, the only other municipality in the country below €400.

The figures, from property portal Idealista’s price report for the period, are asking prices from live listings, not confirmed completed sales.

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Seven of Spain’s 25 cheapest towns are in Andalucia, more than any other region, but none are near the sea.

Three sit in Cordoba province alongside Fuente Obejuna, three in Jaen province and one in Almeria — all inland, agricultural towns far from the tourist coast.

Idealista’s own figures put Andalucia’s average asking price at €2,936 a square metre for the second quarter of 2026, an all-time high and up 16.6% on a year earlier, which puts Fuente Obejuna 87.4% below its own region’s typical price.

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Jaen is Andalucia’s cheapest province at €876 a square metre; Malaga is the most expensive, at €4,183 — an all-time high and 42% above the Andalucian average.

Manilva, the cheapest coastal town in Malaga province, costs €3,091 a square metre — more than eight times Fuente Obejuna’s price — while Marbella and neighbouring Benahavis, at €5,581 and €5,389, remain the priciest municipalities on that stretch of coast.

The rest of the national top 25 climbs from €441 to €556 a square metre, concentrated in Castilla-La Mancha, which has nine entries alone, alongside villages in Galicia, Extremadura and Murcia.

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Idealista also names the cheapest municipality in each of Spain’s 17 autonomous communities, and the range between them is vast.

Utiel, inland from Valencia in wine country, is the cheapest in the Valencia region at €640, while Balaguer, in Catalunya’s Lleida province, costs €732.

Chinchon, the town south of Madrid famous for its historic plaza mayor, is the Community of Madrid’s cheapest option at €1,357.

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At the very top of the regional table sit the Basque Country and the Balearics.

Llodio in Alava, the Basque Country’s cheapest town, costs €2,182, but even that is beaten by Petra in Mallorca, the most expensive ‘cheapest town’ of any Spanish region at €2,502 a square metre.

Petra still costs nearly seven times what buyers pay in Fuente Obejuna, and it doesn’t come with a sea view.

Spain’s 25 cheapest towns to buy a home, Q2 2026 (idealista, asking prices)

Cheapest town in each of Spain’s 17 regions

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