The Internet is full of ads for the sale of cheap real estate in Spain. However, cheap apartments in Spain are not a myth, but a reality. After the construction boom of 2002–2008, the housing market in Spain was oversaturated with various objects and currently their prices remain one of the lowest in Europe. At present, cheap properties for sale in Spain is banking real estate and an old fund (apartments in old districts and houses aged 20 years and older). Sometimes you can find good deals on cheap new housing. Usually, these are apartments of a small area, without beautiful views from the windows, the lower floor or it can be the last unsold flat that was used as a demonstration one, etc.