New houses and developments in Lérida
New developments in Lleida
Currently, the province of Lleida offers more than 200 new developments, with the majority being single-family homes in buildings, followed by semi-detached villas and non-residential buildings. Most of the projects are still under construction, while 40% are completed. It is worth noting that the province of Lleida stands out as one of the territories in Catalonia with the highest supply, after Girona and Barcelona. Additionally, there is a strong push to continue the growth of these developments in this province. According to data from the Association of Building Surveyors in Lleida, in 2021, more than 873 promotions were started, of which 493 correspond to constructed housing, and 380 to buildings, covering more than 140,000 m² throughout the territory.
The cheapest new construction square meter is located in the municipality of Bellpuig, with prices starting at €500/m². It is followed by Balaguer and Almarrás, starting at €650/m², and Rosselló at around €700/m². The most expensive areas are located in the Aran Valley, on the road from Vielha to the Baqueira Beret Ski Center, with an average price above €3,700/m². They are followed by Balafia, La Bordeta and Ciutat Jardí with prices starting at €2,300/m².
Which localities have the highest number of new developments under construction?
Currently, the largest number of new developments in this Catalan province is concentrated in the area of the capital city of Lleida (more than 13). While other localities do not offer significant numbers of promotion volumes, we can highlight Canejan and Vielha (about 4), Alcarràs (about 3), and Torrefarrera and Tárrega (about 2).
What factors affect the price of new property in the province of Lleida?
Catalonia is one of the autonomous communities with the highest price, and the province of Lleida is considered one of the areas with the lowest cost of new build properties, with an average value of €1,324/m². However, since 2021, there has been a trend towards an increase due to the scarce supply available and the growth in demand in the last year.
Other factors that we can mention are the lack of construction materials and the cost of raw materials, which causes the selling price to increase, up to similar values from previous years. On the other hand, the climate, especially in winter, that is, the snow, is one of the elements that directly influence the cost of these properties in the province. In fact, the developments located in these areas, mainly in the Aran Valley, are the ones with the highest values in the entire territory.
How is the real estate market in the province of Lleida?
If we analyze the real estate sector in the province of Lleida, we can say that there is a trend towards an increase in new developments, mainly in the area of the capital. At the same time, there is greater demand for new housing, and great interest in acquiring them, even before they are completed. According to the annual report of the Catalan Housing Agency, in 2020 the construction of these properties decreased by 24.3% in the province compared to 2019. However, the sector is already reactivating due to the demand for new apartments, and around 12 developments were projected in Lleida City in 2021.
At the regional level, we can say that Segrià is one of the areas that has experienced the greatest increase in new developments, specifically in the municipality of Cappont, one of the fastest-growing areas in Lleida. In this region, we can find large residential complexes that offer interested parties apartments and duplexes with fabulous views and ample amenities, such as a swimming pool and green areas. Another place to highlight is Urgel, where there is a wide variety of newly built apartments for sale, starting at 210,000 euros.
What is the importance of buying new development compared to second-hand property in the province of Lleida?
Compared to the rest of the provinces in Catalonia, the province of Lleida is the one that grows the least in the new construction real estate sector. And, while the tourism appeal of sun and beach in other Catalan territories attracts many national and international investors, the proximity to the Pyrenees gives it an advantage that neighbouring provinces such as Aragon do not have.
The properties in this area are a real guarantee of purchase compared to second-hand properties, as they are better prepared to combat low temperatures and offer greater customization options. In addition, the greater energy efficiency of these types of properties leads to reduced costs. In terms of environmental responsibility, it should be noted that some developments include technologies such as solar panel systems. Moreover, there has been an increase in the new residential complex of common facilities of all kinds, such as swimming pools, gyms, paddle tennis courts, and gardens.
Where to buy new development in the province of Lleida?
According to the Association of Surveyors, the majority of new developments in the province are located in Segrià, in the areas of the capital city Lleida, mainly in Cappont and Ciutat Jardi. Data shows that the highest percentage of new properties is located in the centre of the capital city, in residential areas where a wide variety of apartments and duplexes are part of large buildings, as well as townhouses.
Currently, there are construction projects for apartments in areas of the capital city of Lleida. For example, plans to build more than 200 homes in the area of Avinguda Onze de Setembre and the streets of Sant Hilari and Roda de Isábena. There is also an offer of new apartments on Jaime I el Conquistador Street and Rambla Ferran, with prices ranging around €2,000/m2 for two and three-bedroom properties of around 100 m2.
In terms of the regions with the highest new developments for sale in 2022, we can highlight Segrià, where average final prices are around €385,000 for townhouses and from €150,000 for apartments. For buyers looking to venture into the mountainous area, the Val d'Aran region offers the newest construction opportunities at the moment, mainly in Vielha, where apartments can be purchased in residential complexes from €500,000.