THE BOOM IN ENTRENÚCLEOS: MORE THAN 1,900 NEW-BUILD HOMES IN SEVILLE
23 Apr 2024
- This neighbourhood is experiencing one of the highest real estate growth rates in Andalusia.
- The price of these homes is considerably below the national average.
- The large developments under construction will allow the neighbourhood to continue to grow demographically.
Entrenúcleos, the vibrant neighbourhood of Dos Hermanas in close proximity to Seville, is witnessing some of the strongest real estate growth in Andalusia, driven by the construction of new homes. According to the analysis of Activum Real Estate ConsultingThis area is experiencing an unprecedented boom.
The company Desarrollos Metropolitanos del Sur, has been the main promoter of Entrenúcleos. This company formed by the Insur Group has already developed 11 projects in this area, totalling more than 1,000 homes. In total, Insur will develop approximately 20 developments in the area in the future. Another group that has also had a presence in the area since its origins is Habitat Inmobiliaria, which is now marketing its sixth development. All its developments total more than 530 homes.
Metrovacesa is also a major player, having been present from the outset. This developer has developed a total of four developments, of which Hespérides I, II and IV have sold a total of 341 homes. Metrovacesa joins Buid To Rent, selling Hespérides III with a total of 172 homes to the Magno Living group for the rental of these homes.
Other developers behind this urban transformation are Vía Célere, with a total of 465 homes in 4 developments, Nozar with 351 homes (2), AQ Acentor with 174 homes (1), Aedas Homes with 102 homes (1), Amenábar with 110 homes (1), Getsa with 81 homes (1), Vibay with 144 homes (1), Asentis with 504 homes (1) and Exxacon with 325 homes (1).
In addition to its rapid development, Entrenúcleos stands out for offering a wide variety of residential options to highly competitive prices. With an average of just 1,862 €/m², the square metre in this locality is below the national average and even below second hand properties, valued at 2,079 €/m². This makes Entrenúcleos an attractive option for those looking to invest in a home of their own.
In the current context, there are 1,958 dwellings in stock, with an estimated sales rates The number of dwellings per month varies between 1.64 and 8.48, which is evidence of the dynamism of the real estate market in Entrenúcleos. "This diversified landscape has become a focal point in Andalucía's real estate scene, offering opportunities for both those looking to establish themselves and investors interested in a growing market. It is the perfect time to invest in Entrenúcleos, an emerging urban enclave with affordable housing and an enviable quality of life, backed by a steady flow of new developments and sustained demand, has explained Elisabet Martínez, regional director of the Andalusia company.
Trends in new construction
According to the analysis of Activum Real Estate ConsultingThere is a clear trend among developers when it comes to designing and building their next developments in this area of Seville. These developers are opting for large residential developments in Entrenúcleos, with an average of 148 homes per development. The most common typology is 3-bedroom homes, with an average of 100 sqm of living space.2followed by 4-bedrooms - with an average of 140 sqm - and 4-bedrooms - with an average of 140 sqm - followed by 4-bedrooms - with an average of 140 sqm.2-. In addition, the presence of communal areas such as swimming pools, green areas, gyms and children's play areas is highlighted, thus increasing the expectations and demands of future buyers.
Comparison of Housing Prices and Typologies
A clear price differentiation is observed depending on the typologies of housing and its location in height. In intermediate dwellings, the average price per square metre is 1,792 €/m², with specific prices of 1,828 €/m² for 2-bedroom dwellings, 1,769 €/m² for 3-bedroom dwellings and 1,759 €/m² for 4-bedroom dwellings. On the other hand, ground floor apartments have an average price of 1,915 €/m², with values of 1,873 €/m² for 1 bedroom, 1,842 €/m² for 2 bedrooms, 1,943 €/m² for 3 bedrooms and 2,162 €/m² for 4 bedrooms. Finally, the average square metre for penthouses stands at 2,232 €/m², with specific prices of 2,226 €/m² (2 bedroom), 2,376 €/m² (3 bedroom) and 2,000 €/m² (4 bedroom).
Buyer profile
The profile of buyers varies according to the type of property:
- Two-bedroom dwellings: There are two predominant profiles: young single people and retirees or investors.
- Three-bedroom dwellingsMostly young couples or families looking for their first home, valuing the communal areas and communications.
- Three-bedroom plus dwellings: Consolidated middle-aged families, looking for replacement housing with better benefits.
- Four-bedroom dwellings: Mostly large families or those needing additional space for teleworking, looking for a replacement property with good communications.
