New houses and developments in Segovia

New developments in Segovia

The province of Segovia currently has more than 20 new construction developments, including those under construction and those already finished. Despite the limited supply, the province is located in a privileged position. It is in the central area of the Iberian Peninsula, close to the capital of the country, and with lower prices than in Madrid. In fact, the developments are evenly distributed between the neighbouring municipalities in the south and Segovia capital.

The highest price per square meter in the entire province is located in the Sierra de Guadarrama, at 2,500 euros. It decreases slightly in Segovia, to 2,100 euros. On the other hand, the cheapest square meter is 560 euros and is located in Cantinpalos, Ituero y Lama.

Which municipalities have the highest volume of new developments?

Currently, the widest offer of new construction developments in the province of Segovia is located in Segovia capital, El Espinar, Vegas de Matute, and Ituero y Lamas.

What influences the price of newly built properties in the province of Segovia?

In general, the price per square meter in the province of Segovia for a new construction home depends, to a large extent, on supply and demand. It also depends on employment opportunities, the purchasing power of the area, and foreign investment and/or tourism.

Another important point to highlight for the region is its proximity to Madrid. The province of Segovia has become almost a dormitory town for the capital. The municipalities in the south are ideal for those who commute by car every day, and the properties in the capital for those who prefer public transportation. More than 10-15 trains depart from Segovia every day, connecting Castilla y León with the Community of Madrid in just 30 minutes. With the possibility of using passes, the time and cost represent a great opportunity for those who live in Segovia and work in Madrid, at a lower price than any property in the capital.

In addition, it is essential to take into account the inherent characteristics of the property, such as location, orientation, materials, square meters, or height. The extras and community services that the new housing complex has also affect the price. The most common are: swimming pool, playground, green areas, outdoor courts, security, private garages, and even a gym.

If you are interested in purchasing a new property, it is advisable to buy it when it is still on the plan or in the early stages of construction to reduce the final costs.

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

New build properties in the province of Segovia represent an incentive to attract an active population, and families with children, and to prevent municipalities from losing inhabitants. Two autonomous communities benefit from these constructions: Castilla y León and the Community of Madrid.

Ease of financing, the characteristics of the properties, the attractiveness of their designs, and their locations are some of the fundamental pillars that this type of housing offers to new users. Additionally, they adapt to new times, habits, and preferences.

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

Newly built properties have been increasing in value in recent years, offering larger properties with higher qualities and, above all, more amenities. In Segovia, this is a point in favour of new construction homes due to its different mountain ranges, such as the Guadarrama, where it is possible to acquire a semi-detached villa.

Second-hand properties require renovations and even expansions to meet these new needs. Additionally, it's worth highlighting the guarantee and security behind new housing promotions from reputable real estate and construction companies. They allow modifications to be made to the floor plan or changes to be made before the delivery of keys, without the need for client supervision. They reduce final costs, include energy-efficient systems, the latest in video surveillance, and security, and offer tailored financing options. A combination of extras compared to second-hand housing.

Where to buy new developments in the province of Segovia?

Segovia is one of the provinces that benefits the most from its proximity to the capital. In addition to gaining inhabitants, the offer of new construction projects is diversified among several municipalities, especially between the capital and the southern area.

In Segovia capital, it is possible to acquire a new-build property starting at 99,000 euros for 51 square meters, 175,000 euros for 3 bedrooms and 80 square meters. In the area of Paseo Conde Sepulveda, the lowest price rises to 145,000 euros for an apartment of 47 square meters with a terrace and garage. The most expensive property in that location has 97 square meters and costs 269,000 euros. The most expensive location is the Plaza Mayor of the city, where a penthouse of 64 square meters can be purchased for 295,000 euros or one of 165 square meters for 495,000 euros.

In the southern area, in the Sierra de Guadarrama, townhouses are predominant. The cheapest detached house has 72 m2 and a price of 175,000 euros. In the same development, a larger one of 154 square meters can be purchased for 280,000 euros. The most expensive in the region is located in Vegas de Matute, with 153 square meters, 3 bedrooms, and a terrace for 340,000 euros.