New houses and developments in Almería

New developments in Almería

As of today, the province of Almería has more than 250 new construction developments with around 2,000 apartments, whether in the process of being built or already completed. This makes it one of the Andalusian provinces with the highest volume of new homes on offer, second only to Seville and Malaga. According to data from Activum Real Estate Consulting, a total of 1,860 new homes were launched in 2021, occupying over 500,000 square meters of construction throughout the province of Almería.

The most affordable new construction meter can be found in Olula del Río and Laujar de Andarax, both with costs around €550/m², followed by Ohanes, which is close to €650/m², Fondón with just over €700/m², and Pechina, which exceeds €800/m². The cheapest average price in the whole of Almería is around €580/m². The areas with higher costs, mostly due to their proximity to the capital or the beach, are Mojácar and Cabo de Gata, both exceeding an average of €1,800/m². Other nearby municipalities include Pulpi, Vera, Roquetas de Mar, Nijar, and Almería capital.

Which towns have the largest number of new developments in progress?

Currently, the towns with the highest volume of new construction developments in the province of Almería are: the capital city (over 90), followed by the Bajo Almanzora area (with around 40), Roquetas de Mar (close to 30), El Ejido (over 25), Vera (around 20), and the Valle de Almanzora (with around 10).

Which cities in the coastal area have the main new construction developments?

The most notable new construction developments in coastal areas are located in cities such as Mojácar, Villaricos, Cabo de Gata, Vera, Palomares, Carboneras, Ruescas, Almería Capital, Roquetas de Mar, Venta Nueva, Retamar, and Garrucha.

What influences the price of new properties in the province of Almeria?

As a general rule, the cost per square meter of a new construction development in the province of Almeria varies depending on the market situation, or in other words, the existing supply and demand at that time. Obviously, there are other factors that ultimately affect the value of these homes, such as location, dimensions, construction materials and finishes, height, orientation, other services, and other extras, such as leisure areas and parking. In turn, there is another scenario that affects the price and is independent of the quality of the house. This can be the population density of the city, the job opportunities it offers, the presence of foreign investors, or whether it is a very touristy area.

Regarding the qualities of the home itself, it is worth mentioning that common services or facilities have a lot of weight. This is because buying an apartment or a villa in a development is not the same as buying an independent new construction house. In the former case, any installation costs are borne by the entire community, while in the latter case, the owner bears all the costs.

If you are very interested in buying a new construction house in the province of Almeria, the best choice is to buy while the construction is still in the planning phase, before construction begins. If you have missed that opportunity, it is best not to wait beyond the early construction phases, as prices can be reduced by up to 25%.

What is the position of new construction developments in the real estate market of the province of Almeria?

At the beginning of 2022, the province of Almeria had more than 2,000 new construction homes with the project underway. This represents a 40% increase compared to the data provided at the beginning of 2021 by the College of Architects of Almeria. Thus, it is expected that the growth will continue throughout this year, as a result of the new real estate boom that is taking place in the province.

At the regional level, the El Zapillo area has the least number of homes. Throughout 2021, in relation to the total number of new construction developments in Almeria, the capital area had around 45% of the projects. Meanwhile, Vega de Acá, Nueva Almería, and Cortijo Grande exceed 20%. Followed by them is Villa Blanca-Torrecárdenas, with 15%. It is also worth noting that in the last quarter of 2021, Almeria was the second province with the highest number of home sales in all of Andalusia, and the third in all of Spain, just behind Malaga and Alicante, according to a report by the Ministry of Transport (Mitma).

What is the importance of buying new developments compared to second-hand properties in the province of Almería?

New construction homes seem to have surpassed the real estate crisis of the early century. In the province of Almería, they are concentrated in coastal cities, mainly due to foreign investment. These homes are a clear guarantee when it comes to investing compared to second-hand homes. One of their main advantages is the customization that can be applied to a new construction property, guarantees, such as energy savings, and the large number of costs that are avoided. In addition, regarding energy, Almería stands out as one of the Spanish provinces where more investment is being made in the use of solar panels, something that many newly built homes already include.

And if that were not enough, in the latest developments, investment in the creation of common spaces and leisure areas has increased, increasing the value of these homes, as many have parking, parks, swimming pools, and even sports facilities.

Where to buy new developments in the province of Almería?

Of the provinces near the Mediterranean Sea coast, the province of Almería has a greater number of new construction homes, both in the development phase and already commercialized. According to the Almerian Architects Association, a significant part of new construction homes is located near the coast, in municipalities such as Almería Capital, Mojácar, Vera, Roquetas de Mar, Villaricos, and Cabo de Gata. Other more industrial areas, such as El Ejido, one of the main commercial axes of the province, also accumulate a large number of promotions with hundreds of homes.

The area of the capital of Almería is the one with the most new construction housing promotions for sale for this 2022, where the average final price is around €200,000 for apartments, around €230,000 for townhouses, and between €300,000 and €1,000,000 for independent houses. In Bajo Almanzora, you can find homes with prices ranging from €100,000 to over €800,000, whether they are apartments, townhouses or independent houses.

In other areas such as Mojácar or the Almanzora Valley, townhouses and independent houses or country houses predominate. If you observe the prices of new construction of these types of constructions, they are higher given the demand and tourist interest in these areas. The Villa Blanca-Torrecárdenas area is one of the most coveted in the capital and has a great variety of homes, despite being close to the center. From 80m² apartments to townhouses and independent houses with hundreds of square meters. The most affordable ones have prices around €90,000, while the most expensive ones can reach €1,500,000. Finally, in the Altamira-Oliveros area, the properties are usually large apartments and penthouses located in luxurious urbanizations, whose price usually does not drop below €150,000.