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Spain has faced housing costs that challenge many buyers for years. The large upfront investment required can feel daunting regardless of the region chosen, and prices have continued to climb. This affordability squeeze is not unique to Spain; several countries struggle with high residential costs as demand remains strong and supply lags. The implications touch first-time buyers, families, and investors alike, shaping mobility, regional development, and long-term wealth planning. International interest adds another layer, with currency considerations, financing terms, and taxes influencing decisions for those outside Spain.
Portugal, the neighboring country, also experiences elevated land values that make it difficult for the average citizen to purchase a home in major cities such as Lisbon or Porto. The price pressure has led some observers in Portugal to suggest looking across the border to Spain for more affordable options. This cross-border dynamic mirrors how neighboring markets influence each other, with buyers weighing value, proximity to work or family, and overall living costs. For international buyers from Canada and the United States, these price gaps can impact where to invest and where to relocate, given currency considerations and financing options.
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The autonomous community that Portuguese buyers often consider is Extremadura, and more precisely the province of Badajoz, which borders Portugal. In several municipalities within this region, housing is notably more affordable than in other parts of Spain, making it an attractive destination for those seeking value without sacrificing proximity to the border. The towns highlighted for affordability include Castuera, Azuaga, Montijo, and Monesterio, among others, where prices hover around 500 euros per square meter. In Castuera, a 120-square-meter home is estimated at just under 53,000 euros, located about five minutes from the Portuguese frontier. These dynamics illustrate how regional variation within Extremadura creates pockets of accessible property for cross-border buyers.
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