Aedas Obtains Permit For 28-Home New Build Project in Madrid

8 March 2018 – El Español

The property developer Aedas Homes has obtained the building permit for the construction of one of its iconic projects: Cabot, in the heart of Madrid. The development is equivalent the company’s cover letter in the Spanish capital. It is located in one of the most privileged and fashionable areas of the city, between the traditional neighbourhoods of La Latina, Embajadores, Lavapiés and Puerta de Toledo.

With the building permit granted, the property developer plans to start work on the spectacular development, located on Plaza Campillo del Mundo Nuevo, in April, which is when the countdown will begin for the handover of the homes. Cabot is a modern residential new build project comprising 28 homes with 1-, 2- and 3-bedrooms and surface areas of 68 m2 and beyond. An exceptional and unique development with prices starting at €270,000, which boasts a high energy efficiency classification – an A rating – and an air conditioning system with heat recovery accompanied by the thermal comfort offered by the underfloor heating and cooling installation.

“Designer apartments with unbeatable views, a swimming pool on the rooftop, parking spaces and storerooms”, said Samuel Matarranz, Development Manager at Aedas Homes for the Central Region. “Besides its excellent location, you have all of the comforts that come with an urbanisation in the metropolitan area of the city”, he said.

High-end common areas

In addition to the impressive swimming pool on the roof of the building, Cabot will have fully functional common areas including: a gym, a garden patio, a solarium, common room, multipurpose room and a parking area for bikes. These spaces are in line with the new needs being demanded by the most urban of residents.

The project has been designed with the utmost care both inside and out, where elegant and contemporary lines dominate. The environments can be adapted to suit the tastes and needs of the future owners. Aedas has opted for large open-plan spaces and high ceilings, with natural light in abundance thanks to the huge windows.

“The project has been well received since the first moment that it went on the market on our website. During the first month alone, more than 10 homes were sold”, said Matarranz, who has no qualms about describing Cabot as one of the property developer’s most iconic promotions and an “image of the Aedas Homes’ brand”, in terms of everything it represents. “This project brings together contemporary architecture, high-quality and well-designed homes and an excellent location”, he concluded.

Original story: El Español (by E.E.)

Translation: Carmel Drake

ST: New House Prices Rise By 4% In MAD & BCN

30 June 2016 – El País

According to ST Sociedad de Tasación, the average price of new homes grew by 4% YoY in June in the cities of Madrid and Barcelona. They were the two provincial capitals with the highest new home price rises in the last year. These price increases, which are not being seen in other capital, have been driven by the shortage of new home stock, explain sources at ST. “Our analysis of this data and of the increasing trend observed since June 2015 allows us to predict that Barcelona and Madrid are going to act as the drivers of the recovery process for new house prices, albeit at a slow pace”.

Barcelona is the provincial capital that recorded the highest new house prices, with an average of €3,390/sqm. Prices grew there by 2.2% during the first half of 2016. The YoY price increase in Barcelona was 4.1%, the highest of all of Spain’s provincial capitals.

By district, Gracia recorded the highest increase in new house prices, with a rise of 7.72%. It was followed by the neighbourhoods of Sarria-Sant Gervasi, with 6.94% and Sant Marti, with 6.38%. At the other end of the spectrum, the districts with the lowest YoY price increases were Ciutat Vella (1.33%), Sant Andreu (1.93%) and Nou Barris (2.33%).

And not only did the district of Sarria-Sant Gervasi in Barcelona record one of the highest price rises, it also registered the highest average price per constructed square metre, at €5,672/sqm. The districts of Les Corts and L’Eixample were ranked in second and third place, respectively, in terms of average prices, with values of €4,610/sqm and €4,511/sqm. By contrast, the districts with the lowest average prices were Nou Barris (€2,721/sqm), Sants-Montjuic (€3,024/sqm) and Sant Andreu (€3,062/sqm).

In Madrid, a new home costs €2,886/sqm on average

In the case of Madrid, new house prices have grown by 4% with respect to the previous year and by 2.1% during the first half of 2016. That takes the average price of new homes in Madrid to €2,886/sqm.

The ranking for the YoY variation in new house prices is headed by Ciudad Lineal, which saw growth of 5.8%. It was followed by Barajas, with 5.7% and Arganzuela, with 5.4%. At the other end of the spectrum, the neighbourhoods with the lowest YoY price variations were Hortaleza (0.8%) and La Latina (1%), followed by Tetuán (1.8%).

In terms of the average price of new homes, Salamanca was once again the most expensive district in the capital, with an average price of €4,799/sqm, followed by Chamberí (€4,626/sqm) and the Centre (€3,939/sqm). By contrast, the neighbourhoods of Vicálvaro, Villaverde and Villa de Vallecas registered the lowest average new home prices, of €1,856/sqm, €1,883/sqm and €2,203/sqm, respectively.

Original story: El País (by S.L.L.)

Translation: Carmel Drake