New houses and developments in Castellón

New developments in Castellón

According to comparisons made between 2021 and 2022, the price per square meter in new-build homes in Castellón has experienced a slight decrease. However, this variation will not be equally noticeable in all parts of the province. For example, in February 2022, the average price per square meter is just over €1,150. But in the center of the town, there is a 6.1% decrease in the quarterly variation, leaving a price of almost €1,100 per square meter.

Regarding the prices per square meter in the municipalities surrounding the city of Castellón, there is greater variation. Going up in valuation, Vilafamés and Villarreal have a valuation of over €800 per square meter, which contrasts with the more than €660 per m2 in Onda. In San Jorge, there is some variation in increase, with a price above €900 per square meter. However, Benicarló and Oropesa del Mar have a price that exceeds €1,000 per square meter. Although, it is the town of Peñíscola that reaches the peak of the trend with a price that is around €1,700 per square meter.

Which towns have the largest number of new developments under construction?

Currently, there are more than 50 new developments in Castellón, compared to the 3 that can be found in Oropesa del Mar, Alcossebre, Chilches, and Moncófar, each with one active development.

In which coastal municipalities are the main new-build developments located?

The main beach towns in the province of Castellón, in terms of construction of new buildings, are Peñíscola, Vinaroz, Benicasim, and Benicarló.

What factors affect the final cost of a new build property in the province of Castellón?

There are several factors to consider when comparing prices for new construction homes in the province of Castellón. For example, the structural typology of the homes, the climate of the area, and even the availability of services and cultural offerings in the surrounding area.

Regarding the typology of homes located in Castellón, there will not be a specific spatial organization, but rather they will adapt to the management of the developer. However, when furnishing a home, it is always interesting to consider straight lines to frame the furniture and the orientation of the building.

In the Mediterranean area, the presence of summer heat plays a decisive role in choosing a home, as depending on the orientation of the building, the temperatures reached during this time can become extreme. Therefore, a home with good ventilation will always be an added value. In addition, thanks to the hours of light and sun available in this community, energy efficiency will allow for considerable savings in future electricity bills.

Furthermore, if the client intends to choose a home close to the sea, they should take into account both the coastal law and the salt from the sea, which can cause some deterioration to the furniture.

What is the situation of the new construction real estate market in the province of Castellón?

The real estate market was one of the most affected in recent years, with a notable decrease in property purchases. However, according to data published by the INE, there were 17,924 property sales in the province last year in 2021. In addition, in the face of this growth, generated by economic stability, neighbouring countries are once again focusing on Castellón when purchasing a new home, which has a positive impact on this real estate recovery.

What advantages do new developments offer compared to second-hand properties in the province of Castellón?

The need and urgency to purchase a new development will play a crucial role in the decision, compared to a second-hand property. Right now, it could be seen as a good time to purchase a new construction property, as after the price reductions of recent years, many developers have updated their offerings, providing customers with a more attractive new supply.

Although the increase in rental properties has been noticeable, buying a new construction property, where money is invested in a secure fund marked by ownership, is at least interesting. Additionally, a home that has not yet been inhabited will always give a clearer vision to a potential customer, since there are no personal belongings from other people or a predetermined style, the idea of making a new space one's own always adds extra interest to the property.

Where to buy new development in Castellón province?

There are several areas in the province where you can buy new construction, so it will be important to consider location and price when making this important decision. However, having a list can possibly make this task easier.

In the area known as Plana Alta de Castellón, you can find new construction properties in Oropesa del Mar for around €80,000. In Alcossebre, in Baix Maestrat, prices can range from €160,000 to €400,000. Similarly, in Peñíscola, prices usually range from €150,000 to €300,000. In Vinaròs, there are homes available from €55,000 to €150,000. New construction properties can also be found in Castellón capital, ranging from €90,000 to €200,000.