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The village could be a great spot for anyone thinking of moving to Spain on a budget.
The village has the cheapest average asking price in Spain during the second quarter of 2026 (Image: Wikimedia Commons)
Many Brits dream of moving to Spain. The weather is warm for much of the year, there are stunning beaches, beautiful towns and villages and a slower pace of life that attracts thousands of people every year. There is also a huge British expat community already living there.
While many people automatically look towards popular places such as the Costa del Sol or Costa Blanca, buying a home there can come with a hefty price tag. However, there is one pretty Spanish village where property prices are among the lowest anywhere in the country.
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Fuente Obejuna is in the province of Córdoba (Image: Google Maps)
According to the latest figures from Spanish property website Idealista, the village has the cheapest average asking price in Spain during the second quarter of 2026.
That village is Fuente Obejuna, in the province of Córdoba, where homes are being advertised for an average of just €369 (£314) per square metre.
To put that into perspective, the average asking price in Marbella is €5,581 (£4,750) per square metre.
The figures are based on asking prices from homes currently listed for sale rather than completed sales.
One of the biggest reasons prices remain so low is because Fuente Obejuna is a small rural village well away from Spain's busy coastline. Like many inland communities, it has seen younger people leave for bigger cities such as Córdoba, Seville and Madrid in search of work.
That has left many older family homes empty, while many cheaper properties also need updating or renovation before people move in.
The village has plenty of traditional Andalusian charm (Image: Google Maps)
But there is a lot going for the village. It is known across Spain thanks to the famous play Fuenteovejuna by Lope de Vega. The story was inspired by real events in 1476, when villagers united against a cruel local ruler. Their response of "Fuente Obejuna did it" has become one of Spain's best-known historical sayings.
Today, the village still has much of its traditional Andalusian charm. Its main square, Plaza Lope de Vega, is surrounded by cafés and historic buildings, while the 15th-century Church of Nuestra Señora del Castillo sits on the site of the former medieval fortress.
Another of the village's best-known buildings is the Palacete Moderno, which now houses the tourist office and a museum telling the story of the area from prehistoric and Roman times onwards.
Just outside the village are the remains of the ancient Roman settlement of Mellaria, while the surrounding countryside is filled with rolling hills, oak woodland and walking routes close to the Sierra de Hornachuelos Natural Park.
The area is also well known for its traditional food, including Iberian ham, cured meats and locally produced wines.
Spain's five cheapest places to buy a home (Idealista, Q2 2026)
- Fuente Obejuna, Córdoba (Andalusia) - €369 (314) per square metre
- Pedro Muñoz, Ciudad Real (Castilla-La Mancha) - €377 (£321) per square metre
- Bembibre, León (Castilla y León) - €441 (£375) per square metre
- Vilamarín, Ourense (Galicia) - €450 (£383) per square metre
- Espinosa de los Monteros, Burgos (Castilla y León) - €456 (£388) per square metre
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