New houses and developments in Sevilla
New developments in Seville
In 2021, the province of Seville began promoting around 1,052 new-build homes, being the third province in Andalusia with the most expensive square meter, after Malaga and Cadiz. The price of new-build homes in Seville has increased by over 7% in the last year, reaching an average of over €2,400 per square meter. The municipalities with the cheapest square meter are Villanueva del Río y Minas, with a cost of just over €480 per square meter, followed by Villamanrique de la Condesa, at around €560 per square meter, and El Cuervo de Sevilla, which is around €600 per square meter. In general terms, the average price per square meter in the province of Seville is close to €1,300 per square meter. Among the most expensive areas are Seville capital, with over €2,400 per square meter, the Aljarafe region, where municipalities such as Tomares have a square meter price above €1,600, Mairena del Aljarafe, with over €1,500 per square meter, or Palomares del Río, just over €1,300 per m2.
Which municipalities have more new-build developments?
Currently, the municipalities with the highest volume of new-build promotions in the province of Seville are the capital, Dos Hermanas, Alcalá de Guadaira, Utrera, Carmona, Écija, and Montequinto.
What factors affect the final cost of new-build property in the province of Seville?
In new-build promotions in the province of Seville, the price per square meter generally depends on the relationship between supply and demand. The location, the square meters of the property, materials, quality, and finishes, the height and orientation, as well as the common facilities and services available, all influence the value of the properties. The economic and labour situation of the municipality, population density, foreign investment, and tourism in the area are also components that affect the price of housing.
Other factors, such as common services and facilities, require special mention. Buying an apartment in a promotion complex is not the same as buying a new independent house or villa since in the former, the cost is communal, while in the latter, the cost is private and personal. One of the best options, if you are interested in buying a new-build home in the province of Seville, is to do so while the construction is in the planning phase, that is, before the works start. If this is not possible, it is advisable to make the purchase in the early stages of the building, as the price may be reduced by up to 30%.
What is the situation of the new construction real estate market in the province of Seville?
In 2021, the real estate market in Seville has evolved positively, registering increases of around 7% in the average price compared to the previous year. The average cost of properties has been sustained by a reactivation of the market, which has allowed new developments to be made available to citizens. In 2021, 1,052 properties were initiated in a total of 25 developments in the Andalusian capital, and in the first semester of this year, 791 properties are expected to be initiated in 12 projects, according to data from Brains RE.
Municipalities such as San Juan de Aznalfarache or Mairena del Aljarafe and the town of Dos Hermanas have grown significantly in recent years, absorbing existing demand. However, some developers are concluding arrangements to acquire land in the capital in areas such as Palmas Altas, Cruzcampo, Sevilla Este, and Pítamo.
The area of Aljarafe, which includes towns such as Mairena de Aljarafe, San Juan de Aznalfarache, Bormujos, Camas, Gelves, Tomares, and Bollullos de la Mitación, is in continuous growth, with about 30 developers operating. In the municipalities of Dos Hermanas, Alcalá de Guadaira, and Montequinto, 12 developers have been working since 2021 to build about 2,000 homes.
What benefits does buying a new development offer compared to a second-hand property in the province of Seville?
The real estate market is on the rise following the real estate crisis of a few years ago. In the province of Seville, it has focused on the municipalities of Dos Hermanas, Alcalá de Guadira, and Montequinto; towns in the metropolitan area of the capital that have a lot of tourism due to their proximity to it.
New construction homes are a guarantee of purchase compared to second-hand ones, as among other factors, they offer the possibility of personalization, quality and warranty assurance since they are newly constructed, as well as cost reduction and energy efficiency. The development of facilities and common areas that include large swimming pools, garden areas, playgrounds, tennis and paddle tennis courts, and even gyms and nurseries, in some cases, are characteristics that have been promoted in recent developments. Generally, there is a high demand for homes with a terrace.
Where to buy new developments in the province of Seville?
In the province of Seville, the majority of new construction homes are concentrated in the Aljarafe area, in the towns of Mairena de Aljarafe, San Juan de Aznalfarache, Bormujos, Camas, Gelves, Tomares, and Bollullos de la Mitación. These towns are in continuous growth due to their proximity to the capital and good access to it. The Entrenúcleos area, in the municipality of Dos Hermanas and very close to Montequinto, stands out as one of the areas with the greatest expansion in Seville, as it has extensive services such as supermarkets, schools, parks, and green areas. In the Entrenúcleos area, an independent house can cost around €420,000, while a 100 m² apartment has a starting cost of €450,000 in the residential complex. The average price of homes in these peripheral towns is €153,000.
In the city of Seville, the Sevilla Este area is positioned as a neighbourhood in continuous development and growth, therefore it has all the necessary services. An apartment of 76 m² in a residential complex in this neighbourhood costs €152,000. However, the most expensive area to acquire a home in the capital is the city centre, where a 120 m² house has a price of around €475,000, while in the Cerro Amante neighbourhood, a 105 m² home costs €154,000, having a difference of around €300,000 depending on where it is acquired.