Spain is a Mediterranean country in southwestern Europe, bordered by France, Andorra, Portugal, Gibraltar, and Morocco. Its territory stretches from the Pyrenees to the Atlantic Ocean, the Cantabrian Sea, and the Mediterranean Sea, rising to its highest point at Teide. The population and economy concentrate heavily in its major metropolitan areas and along the coastlines. The capital, Madrid, serves as the central hub for administration and finance, while Barcelona stands as a major economic and cultural focus on the northeast coast.
The housing market varies significantly between the interior, the coast, and the islands. The Valencian Community and the Community of Madrid hold the largest shares of the country's housing stock. Madrid is the most expensive major market, with prices well above the national average, followed by Barcelona. Coastal areas like the Valencian Community, containing cities like Torrevieja and Valencia, offer a mix of price points. In contrast, southern and central regions such as Andalusia, Castile and León, and Castile-La Mancha provide much cheaper housing options.
