THE SCARCITY OF NEW BUILDING WORK INCREASES THE EXCLUSIVITY OF REAL ESTATE IN THE CITY OF DONOSTI
29 Jul 2024
- New-build housing in San Sebastian: High demand and prices per square metre exceeding 8,500€.
- The price of exclusivity, two-bedroom homes in San Sebastian from 920.000€.
San Sebastian stands as one of the jewels of northern Spain. Located on the coast of the Bay of La Concha and surrounded by majestic mountains, this city offers an unrivalled lifestyle, although its supply of new construction is remarkably limited, making each new housing development a significant event.
The real estate market in San Sebastian is characterised by its exclusivity and high prices, reflecting the high demand and limited supply of new construction. According to recent data obtained from a study by Activum Real EstateThe average price of a new-build two-bedroom property in the city is €920,000, while for a three-bedroom property it is €995,455. These prices translate into an average cost per square metre of €8,596 for two bedrooms and €9,102 for three bedrooms. Reflecting the exclusivity of properties in this coastal town and the unique opportunity that new developments represent for investors and residents alike.
The city currently has 11 new developments under construction, which will mean a total of 214 new homes available on the market. The average prices mentioned correspond to the most central developments in San Sebastian, reflecting the high demand and exclusivity of these privileged locations.[EF1]
New developments in San Sebastian-Donostia
San Martzial 29 of Activum Real Estate – In the heart of Donosti, Activum Real Estate presents San Martzial 29, an exclusive development of 13 homes combining elegance and comfort in a landmark building. With 2, 3 and 4 bedroom options and prices starting from 940,000€, this development offers a sophisticated and refined living experience. Located just a short walk from the iconic Playa de la Concha beach, San Martzial 29 offers its residents the privilege of enjoying one of the most outstanding gastronomic offers in the world. The proximity to theatres, galleries and entertainment venues makes this development a unique opportunity to live in the cultural and social epicentre of San Sebastian.
Boyton Invest's Prim 10 – Located in the romantic area of San Sebastian, Prim 10 represents the comprehensive refurbishment of the former headquarters of the Urban Property Chamber. With its emblematic original curved stone façade and modernist portal, This project offers 17 1, 2 and 3-bedroom flats, all of them exterior and with views of Plaza de Bilbao. This development combines early 20th century elegance with 21st century comforts, with prices starting at €1,300,000 for the two-bedroom homes.
Aldamar 1 of Viviendas Lanin – Right in the centre of Donostia, this newly constructed building on the corner of Aldamar and Iñigo streets is located in the heart of the city. offers 10 customisable three-bedroom homes. With luxurious quality specifications, parking spaces and storage rooms, prices start at €790,000. The properties have bay windows, balconies and large terraces on the upper floors, all facing south-east.
Zabaleta Gros of the ABU Group - Located in the dynamic neighbourhood of Gros, Zabaleta Gros offers 22 residences with two, three and four bedrooms, with prices starting at 760.000€. for two-bedroom homes. With high quality details, covered terraces and garages, this development is located just a few steps from Zurriola beach and offers the possibility of personalising each home during the construction period.
Residential area Rodil de C3 Carlos III Housing - On the slopes of Mount Ulía, this exclusive housing development offers 36 homes designed to merge luxury, comfort and a privileged location.. With prices starting at €740,000 for two-bedroom homes, they include spacious south-facing terraces, enclosed parking spaces and a variety of exclusive amenities such as an outdoor pool, solarium, spa and a communal vegetable garden.
The limited supply of new developments in San Sebastian-Donostia highlights the unique opportunity these developments represent for investors and residents looking for a home in one of Spain's most beautiful and dynamic cities. Each project offers not just a home, but an exceptional lifestyle in a privileged location.
