New houses and developments in Valladolid
New development in Valladolid
The province of Valladolid currently has a supply of more than 70 new construction promotions, including completed flats and houses, those under construction, and others still in the planning phase. The majority of new properties are located in Valladolid and its metropolitan area. The average price throughout the province is located in Medina de Rioseco and Tierra de Medina. In both areas, the price per square meter is around 600-800 euros. The average price from 1,500 to 2,100 square meters is found in Hospital Nuevo, Valladolid, and Arroyo de la Encomienda.
The most expensive square meter in the entire province is located in the centre of Valladolid and Las Villas-Santa Ana. In these locations, the cost per square meter ranges from a minimum of 5,700 euros to a maximum of 7,700 euros.
What towns have the highest number of new developments under construction?
The highest number of new developments in the province of Valladolid is located in the metropolitan area surrounding the capital: Arroyo de la Encomienda, Cistérniga, the city centre, and the areas around the Pisuerga River.
What factors influence the price of new property in the province of Valladolid?
The favourable market situation is a turning point that directly affects the final price of housing in the province of Valladolid. The positive response to the existing supply in the province, therefore, results in an increase in supply.
Price differentiation is closely linked to location, square meters, features and materials used in the construction of the property, orientation, and the ability to modify the property. Today's customers are more demanding and have different preferences that new construction promotions must satisfy. For this reason, common areas in residential developments have become spaces for leisure, sports, and comfort for tenants. Green areas, playgrounds, swimming pools, gyms, and tennis courts are some of the extras that increase the final price and satisfaction for owners. Additionally, new properties come with a garage, storage room, and energy-efficient systems to save on monthly bills, even including solar panels.
If you are interested in purchasing this type of property, it is highly recommended to buy it when it is still in the planning phase or in the early stages of construction in order to significantly reduce the final price.
What is the new construction real estate market like in the province of Valladolid?
The stability and increase in demand for new construction properties in the province of Valladolid in recent years have brought about an expansion of supply from various national and international developers.
According to data from the Ministry of Transport, Mobility, and Urban Agenda, demand for this type of property increased by 39% in the last quarter of last year. These figures match perfectly with those of another report from the same public agency, which shows the positive evolution of the new construction real estate sector. Building permits for new constructions in 2019 were 970, 1,770 in 2020, and almost a record 2,500 in 2021.
This type of property, in addition to being very popular with the residents of the province, has an excellent and privileged location in the capital. With views of the river, close to commercial areas, the university, good road access, and good communication with the most important job centres in Valladolid.
What is the importance of buying new development versus second-hand property in the province of Valladolid?
Being the first to live in the home, making modifications prior to delivery, or having it fully furnished are differentiating factors of a new property versus a second-hand one. Additionally, in the province of Valladolid, new properties have the latest features that make them more soundproof and thermally insulated. They are also more spacious, higher, and have energy efficiency to reduce CO2 emissions. In fact, Valladolid has current regulations in place, such as the Plan of Action for Sustainable Energy. New developments built in the province must comply with these laws to ensure savings and awareness for tenants and the community. In this case, second-hand homes would require additional modifications to meet the regulations, which could increase their acquisition cost. Furthermore, new residential complexes typically have a garage, private security, common areas, and extra features that are difficult to find in a second-hand property.
¿Dónde comprar obra nueva en Valladolid provincia?
n the province of Valladolid, over 90% of developments are concentrated in the capital and its surrounding areas. In the Pajarillos area, one can purchase a new apartment with a garden and garage of 49 square meters for €75,000 or one of over 75 square meters for €105,000. In Santovenia de Pisuerga and Arroyo de la Encomienda, apartments cost €95,000 for 50 square meters, €113,000 for 70 square meters, and up to €135,000 for 83 square meters and three bedrooms.
In the capital, Valladolid, new build properties have a higher price. Prices start at €178,000 for 90 square meters or over 120 square meters with a garage and garden for €295,000. The highest price in the entire province is located in the city centre, where a set of duplexes with a terrace, garage, and over 120 square meters cost €1 million.