New houses and developments in Ávila
New developments in Ávila
The province of Ávila started 2021 with more than 3,500 new-build homes, representing 2.1% of the housing stock and making it the fourth province in Castile and León with the most active real estate market. Furthermore, it's worth highlighting that in 2020, the province saw an increase of 2.08% in housing compared to the previous year. According to data from Tinsa, in the first quarter of 2021, the average price per square meter in the province of Ávila was around €780/m², and in the fourth quarter, it was 5.7% higher than in 2020 at the same time. Therefore, the evolution has been and continues to be positive.
Over the last two years, the average price in the towns of Ávila has reached its peak. For example, in April 2020, it recorded a value of €1,070/m². In February 2022, the average price of housing in the province of Ávila is over €1,100/m², varying by 0.45% in the last three months.
Ávila is one of the cities where the housing market value has recovered more quickly in recent years. The capital has a price that is 18.25% higher, with the central area costing more than €1,110/m². In the municipalities of San Antonio-Estación-Las Hervencias, Santo Tomás Universidad, Santo Tomás la Toledana Valle Amblés, Intramuros, and Encarnación, the cost is around €1,000/m². The most affordable value can be found in the Cuatro Postes region, with the square meter costing just over €820/m².
Which areas of the province have the highest concentration of new-build developments?
Currently, the towns with the highest volume of new-build developments in the province of Ávila are the Arenas de San Pedro region (La Adrada, Sotillo de la Adrada, Piedralaves, and Arenas de San Pedro), Ávila capital and its surroundings. Lastly, Burgohondo-El Tiemblo-Cebreros (El Tiemblo, Cebreros, Hoyo de Pinares), and Navaluenga.
What factors determine the final cost of a newly built property in the province of Ávila?
In the province of Ávila, the price per square meter in a new construction development generally depends on supply and demand. Factors such as location, proximity to infrastructure and services, transportation, quality of finishes, orientation, and height also play a role. The cost of a unit increases by floor, typically between €3,000 and €6,000 per floor, according to Tinsa.
The economic and labour situation of the municipality, population density, foreign investment, and tourism in the area also impact the price of housing. Common facilities require special mention, as buying an apartment in development is not the same as purchasing a detached house or villa, where costs are private and personal.
One of the best options when interested in buying a new construction home in the province of Ávila is to do so while the construction is still in the planning stages, before the start of construction. If that is not possible, it is advisable to purchase during the early stages of construction, as prices can be reduced by up to 30%.
What is the new construction real estate market like in the province of Ávila?
New construction developments and their prices in the province of Ávila are currently experiencing a positive trend compared to 2021. The average cost for the fourth quarter of 2021 is about 5% higher than the previous year, with an annual variation of -2.7% compared to February 2021, according to experts' data.
In the province of Ávila, developers are investing in detached houses or single-family homes, some of which are semi-detached, in urbanizations located in areas close to municipalities. The area of Arenas de San Pedro, in the south of the province, currently has the largest number of new construction homes, followed by the capital and metropolitan areas. Other areas such as Burgohondo-El Tiemblo-Cebreros in the Alberche Valley, Tierra de Pinares to the east of the province of Ávila, as well as Navaluenga, also have good demand. The La Moraña region and the municipality of Arévalo have the fewest new construction developments.
What benefits do new developments offer compared to second-hand properties in the province of Ávila?
The real estate market is on the rise, and in the province of Ávila, it has focused on the regions of Arenas de San Pedro, Burgohondo-El Tiemblo-Cebreros, as well as Navaluenga, the capital, and its metropolitan areas.
New-build homes are a guarantee of purchase compared to second-hand ones, as they offer the possibility of customization, quality and warranty security due to being newly constructed, as well as cost reduction and energy efficiency. The development of facilities and common areas, with gardens, playgrounds, and in some cases, pools, are characteristics that have been enhanced in recent developments. Generally, there is a high demand for houses with a terrace or balcony.
Where to buy new developments in the province of Ávila?
In the municipality of Navalengua, in the heart of the Alberche valley, a detached villa in a private urbanization just a few minutes from the center can cost around 125,000€. In the vicinity of that locality, close to the Iruelas Valley, and in the new urbanization Cala Valdelacasa, a villa costs 209,500€. In the area of Arenas de San Pedro, in Sotillo de La Ardrada, a 93 m² home in a residential area can be purchased for 59,000€. These are places with a lot of rural tourism, so they have good access and wide-ranging services and shops.
In the region of Arévalo, although it is one of the areas with fewer new-build developments currently, an 88 m² home in the town center costs 50,000€.
In the capital, 10 minutes from the center, in Las Hervencias, which has good connections, there are projects of single-family villas, around 185 m² in size, for a cost of 239,000€, and homes in residential areas that range from 106,000€.
In the outskirts, one of the areas with the most expansion, about 5 km from the city center, there is the possibility of purchasing a new-build property with a plot and communal pool. In the University neighborhood, to the south of the historic center, a home can cost from 79,000€ to 115,500€. These two areas are the ones with the highest growth in Ávila's capital.