New houses and developments in Guadalajara
New developments in Guadalajara
Currently, there is an offer of around 45 new construction developments in the province of Guadalajara, including those already completed and those under construction.
In national figures, Guadalajara ranks sixth in terms of approved new construction permits per capita. Specifically, according to data from the National Institute of Statistics (INE), it is 4.5 permits per 1,000 inhabitants, behind Soria, Ciudad Real, Almería, Córdoba, and Burgos.
The cheapest square meter of new construction is located in Jadraque and Almonacid de Zorita, both with a price of around 600-650 euros. Matarrubia follows with 690 €/m².
The average price per square meter is found in Alovera at 1,320 €/m² and Azuqueca de Henares at 1,616 euros. The most expensive in the province of Guadalajara is in El Casar with almost 2,000 euros per square meter.
Which towns have the largest amount of new developments under construction?
Currently, the municipalities with the highest volume of new construction developments in the province of Guadalajara are Guadalajara capital, Alovera, Las Cañas, and El Casar.
What influences the price of new property in the province of Guadalajara?
The real estate supply and demand in the province of Guadalajara generally dictate the price per square meter of new developments. In addition, external factors such as the economic situation of the region, tourism, the average purchasing power of the population, or foreign investment, particularly location, also play a significant role. The proximity and communication by road and/or train with the capital, Madrid, is a crucial factor in calculating the price.
Regarding property characteristics, orientation, square meters, construction materials, and finishes make a difference in the final price.
Common areas have also become a differentiating and influential element in new developments. The presence of a garage and storage room, outdoor sports facilities, a swimming pool, or children's areas can significantly vary the price, as well as solar panels, centralized heating, and air conditioning. All these extras considerably increase the property's value.
What is the position of new developments in the real estate market of the province of Guadalajara?
In 2021, a total of 1,133 new construction permits were approved in the province of Guadalajara, according to the Ministry of Public Works. Specifically, 4.5 permits per 10,000 inhabitants, ranking it in the second position in its autonomous community, only behind Ciudad Real.
In terms of sales, new developments represent over 25% of annual acquisitions throughout the province. According to the National Institute of Statistics (INE), the sale of these properties in 2020 accounted for 988 transactions out of a total of 3,258 purchases in the province, representing 30.3%. In 2021, that figure decreased to 25.8%, with 1,350 new build properties sold out of a total of 5,237 homes in the real estate market of Guadalajara.
What is the importance of buying new developments compared to second-hand properties in the province of Guadalajara?
The fact that Guadalajara is the second province in Castilla-La Mancha with the most approved permits for the construction of new-build developments is the result of the demand from local and foreign customers, making these properties highly coveted, in demand, and above all, valued.
The guarantee of having a new home and being able to make modifications or personalizations before the keys are handed over is one of the main incentives for choosing new-build properties over second-hand ones. The latter always need some kind of renovation or partial or total change.
In addition to this, the current construction materials and finishes are vastly superior. The common areas, which undoubtedly make a big difference, must also be highlighted. The installation of outdoor sports facilities, green areas, playgrounds or swimming pools significantly increases the value of newly built residential complexes.
Furthermore, energy-efficient elements can be installed to lower the monthly electricity or gas bill, such as solar panels or insulation materials.
Where to buy new developments in the province of Guadalajara?
In the province of Guadalajara, almost 30% of the new-build housing supply is located in the capital. The rest is located in municipalities very close to Madrid.
In Guadalajara capital, the most affordable properties have a price of €115,000 for a 53 square meter flat with garage. Prices begin to rise in the Las Cañas area, where most of the new-build developments in the city are concentrated. In this area, a 122 square meter flat with a garage and terrace has a price of €152,000 or a 150 square meter flat for €230,000.
In El Casar, the most expensive properties in the entire province of Guadalajara are located. Prices start from €130,000 for a 100 square meter villa up to €400,000 for a 240 square meter, four-bedroom semi-detached villa.
In Alovera, a 40 square meter new-build flat can be purchased for €91,000 or a 120 square meter flat for €150,000. The most expensive properties in this municipality are semi-detached villas over 200 square meters for €315,000.