residential Market News: Spanish Real Estate Intelligence

The residential complex will have a constructed surface area of 7,500 m2, distributed among 37 homes, as well as a commercial premise, common areas and parking.

The new residential complex is located on d'En Bossa beach and includes common areas, such as a gym, a swimming pool, a games room for children and a "gourmet" social room.

The property developer Locare, in partnership with Tectum, is going to develop almost 400 affordable rental housing units on public land belonging to Alcobendas City Council.

During the month of March, house sales rose by 26.3% compared to the same month in 2021, whilst house prices increased by 3.1% YoY.

The new property will comprise 63 two- and three-bedroom homes in Denia, with an average price per unit of 240,000 euros.

According to data from the General Council of Notaries, house sales grew in almost every autonomous region in March, along with the average sale price.

The President of the associations of property developers Asprima and APCE says that the increase in construction costs will not impact the price of housing as it is being borne by the sector.

The residential complex, which is going to be built on a plot spanning 37,900 m2, will begin with the construction of the first phase comprising 95 homes.

This figure represents an increase in investment of 50% compared to the same period in 2021 and is 48% higher than the average for the last three years.

In addition, the real estate company opened eight new establishments between January and April of this year.