New houses and developments in Cádiz

New developments in Cádiz

Currently, there are around 80 new development projects in the province of Cadiz, ranging from completed projects to those currently under construction. Nationally, Cadiz is one of the Spanish provinces with the lowest percentage of approved permits for new construction. According to the National Institute of Statistics (INE), there are 1.1 permits for new development projects per capita (for every 1,000 inhabitants). This figure is similar to that of other provinces such as Tarragona, La Rioja, or Girona.

The cheapest new construction per square meter in the province of Cadiz is located in inland areas such as Arcos de la Frontera, priced at 335 euros per square meter. This is followed by Ubrique, priced at 820 euros per square meter, and San Fernando, priced at around 1,300 euros per square meter.

Prices start to rise in the province's most important coastal municipalities, such as Chiclana and Sotogrande. In Sotogrande, the price per square meter ranges from 3,500 to 4,500 euros. In Chiclana de la Frontera, where the most expensive price per square meter is located in the entire province of Cadiz, the value rises to 5,000 €/m².

Where are the largest volumes of new development located in the province?

Currently, the towns offering the largest volume of new development projects in the province of Cadiz are El Puerto de Santa María, Jerez de la Frontera, Gibraltar, and Chipiona.

Which coastal towns have the most important new development?

The most important ones in the Bay of Cadiz are located in the municipalities of El Puerto de Santa María, Chiclana de la Frontera, Sotogrande, Chipiona, and Sanlúcar de Barrameda.

What influences the price of a new property in the province of Cadiz?

One of the most important factors that influence the price of new development in the province of Cadiz is supply and demand. Although this is a common factor nationwide, it is particularly relevant in this area due to its geography. The unspoiled beaches, natural parks, and the fact that the city of Cadiz is almost like a small island make it very difficult to construct large-scale new housing developments. Especially in the coastal area, obtaining the necessary permits is very difficult, which makes any new development projects highly coveted. This is especially true for foreign investment and the tourist sector in the area.

Other factors that determine the final price include location, square meters, views, materials, and final finishes. Access to communal areas such as the beach, pool, garage, or storage area significantly increases the value of properties in the province of Cadiz.

What is the situation of new developments in the real estate market in the province of Cadiz?

According to data from the Ministry of Public Works, the province of Cadiz ended 2021 with more than 2,600 approved building permits for new development. This makes it the fourth province in Andalusia with the most authorizations from the administration, behind Seville, Malaga, and Almeria. These permits accounted for 9% of all new development construction in the region.

These figures have been improving year after year, although they cannot be compared to the real estate boom. In 2006, for example, there were 20,300 building permits approved in the province of Cadiz, compared to 500 in 2014. New legislation and the global crisis caused the numbers to plummet, but they began to recover in 2018 with 1,388 permits, 2,353 in 2019, and 2,687 in 2021.

Despite the slowdown in building permits, the purchase of new development properties in the province of Cadiz currently accounts for more than 20% of all annual acquisitions. According to the National Institute of Statistics (INE), the sale of new development properties in 2020 accounted for 2,560 transactions out of a total of 11,115 purchases in the province. This represents 23% of the total. In 2021, this percentage increased to 28%. Specifically, 4,130 new development properties were sold out of a total of 14,896 properties in the Cadiz real estate market.

What is the importance of buying new development versus second-hand properties in the province of Cadiz?

Foreign investment, high tourist numbers, and the privileged location of Cadiz make it one of the most sought-after coastal provinces for the real estate market. In fact, the majority of new build developments are concentrated in the beach area.

Acquiring this type of property compared to second-hand properties for foreigners and/or citizens from other provinces offers numerous advantages. Thanks to developers and real estate agencies, it is possible to make remote last-minute modifications, works, or touch-ups with all guarantees.

In addition to having a brand new home, new build properties offer some features or services such as a garage, storage room, air conditioning, or renewable energy installations, for example, that only second-hand properties can offer with a total or partial renovation. Sometimes it is not even possible because the square meters do not allow it.

In addition, new complexes usually have common areas and facilities, such as a swimming pool, playground, green areas, or sports courts.

Where to buy new developments in the province of Cadiz?

Behind Almeria and Malaga, Cadiz is one of the provinces with the most new build offerings on the Andalusian coast. Specifically, the majority of them are located in Sotogrande, Chiclana de la Frontera, Chipiona, and El Puerto de Santa Maria, the most emblematic municipalities of the 285 kilometres of coastline washed by the Atlantic Ocean. The offerings are divided into 4 areas:

• The Bay of Cadiz, includes Chiclana de la Frontera, San Fernando, Cadiz capital, Puerto Real, and El Puerto de Santa Maria. In this area, properties start from 83,000 euros for a 37-square-meter studio in El Puerto de Santa Maria up to 850,000 euros for a 160-square-meter semi-detached villa in La Barrosa, Chiclana de la Frontera. The average price is located in San Fernando and Cadiz, where it is possible to purchase a 76-square-meter apartment for 105,000 euros.
• The Gibraltar area with Sotogrande and Algeciras at the forefront. The most expensive properties in the entire province are located in Sotogrande, where the cheapest home costs 240,000 euros up to a 660-square-meter semi-detached villa for 2,800,000 euros. In Algeciras, on the other hand, the cheapest apartment costs 75,000 euros.
• The Northwest Coast, which includes Chipiona and Sanlúcar de Barrameda. In the upper and central areas of Sanlúcar, it is possible to buy a home between 30-50 square meters for 80,000 euros. The most expensive properties in this area are located in Costa Ballena, Chipiona, for more than 500,000 euros.
• The Jerez countryside, with all the small municipalities adjacent to Jerez de la Frontera. Despite not being on the coast and being located inland, Jerez is the epicentre of the province as it is well located between the other coastal municipalities. In this town, prices start from 90,000 euros up to 326,000 euros.