New houses and developments in Badajoz
New developments in Badajoz
Currently, there are around 12 new developments on offer in the province of Badajoz, including those already completed and those under construction. The bulk of the properties are located in Badajoz capital, Merida, and Don Benito. The cheapest price per square meter can be found in Don Benito, where it ranges from 800-1,000 euros. It is followed by the World Heritage City of Merida and some areas of Badajoz, such as the train station. In both of these areas, the price per square meter for new properties can reach up to 1,700 euros. The most expensive area in the province, due to demand and prime location, is the old town of Badajoz, where the cost per square meter is 2,100 euros.
What factors influence the price of new properties in the province of Badajoz?
In general, the price of new properties in the province of Badajoz is established based on supply and demand in the real estate market, like in most areas of Spain. Other factors such as location are determinants in areas like Badajoz and Merida.
This is due to the proximity of the properties to the city centre and historic district, which substantially increase the value. In Merida, being a World Heritage City, properties located near monuments and tourist areas will have a higher average price. Other influential factors include the population of the town, the level of wealth, employment opportunities, and proximity to other provinces like Caceres or Portugal.
Regarding the property features, the number of square meters, finishes, construction materials, or orientation are determinants for setting the price. Essential features in the province include air conditioning, a swimming pool, and green areas to combat the high temperatures during the summer season. Extras like a garage, sports courts, solar panels, or video surveillance systems provide added comfort, value, and final cost.
What is the new construction real estate market like in the province of Badajoz?
Slow but steady. New construction developments remain stable over the years in the province of Badajoz, with no major ups or downs, and an average of about 10 new developments are available for purchase each year.
The municipalities where construction takes place are also relatively constant over time. The importance of the capital, Badajoz, and Mérida as the province's main tourist destination, keeps them in the spotlight year after year for real estate agencies and developers.
These new properties provide a boost to the local economy in each of the municipalities where they are built, creating new jobs and attracting new residents and visitors. In addition, they feature the latest materials, modern style, and new amenities tailored to a target audience that has been changing its preferences over time. Among these properties, apartments between 60 and 90 square meters predominate.
What is the importance of buying new developments compared to second-hand property in the province of Badajoz?
Buying a new property means owning a home with the latest market-quality features, air conditioning, a swimming pool, and even a garage, without the need for any partial or total renovations. These are some of the main reasons to choose a newly built property in the province of Badajoz over a second-hand one.
New developments are a safe bet and a long-term and short-term purchasing guarantee. The latest developments allow buyers to customize some parts, choose materials à la carte, or the latest home technologies. New customers look for environmentally conscious and efficient constructions that allow for savings on electricity and/or gas bills.
They also offer added comfort, with outdoor sports facilities, parks, and guaranteed parking spaces all within the same residential complex. In fact, in areas like Mérida, for example, having a garage included in the property is one of the main selling points. The reason is that it is a city with a high percentage of pedestrian areas and/or restricted traffic spaces.
Where to buy new construction properties in the province of Badajoz?
Half of the new developments in the province are located in the capital, Badajoz. The cheapest properties are located on Carretera Sevilla-Ronda Sur, where it is possible to purchase a property with a garage and 75 square meters for €75,000 or 140 square meters for €115,000.
Properties with medium values are located near the University of Extremadura, commercial areas, and the local hospital. They range from €93,000 for a 53 square meter apartment to €170,000 for a 92 square meter property with a garage. Prices start to rise in the Huerta Rosales and Casco Antiguo-Centro areas of Badajoz, where the cheapest new properties cost around €200,000 for 100 square meters. The most expensive property in the entire province is located in the city centre, priced at €410,000 for 188 square meters.
All new construction developments in Mérida are located in the Nueva Ciudad area. Surprisingly, the cheapest properties are semi-detached houses with over 300 square meters priced at €89,000, followed by a development of 3-bedroom, 100 square meter apartments priced at €114,000. The most expensive properties in the World Heritage city cost €215,000 for 178 square meters. In the town of Don Benito, the cheapest properties in the entire province of Badajoz are available, with a 61-square-meter apartment priced at €50,000 or a 136-square-meter property for €130,000.