Seville will continue to grow: it currently has more than 8,600 new homes and 9,505 second-hand homes.
5 Jul 2023
- The average price is 2,599 euros for new construction, and 2,166 euros for second hand.
- Buying a new property is 16% more expensive than second hand in the city of Seville.
- There is currently a supply of more than 8,600 new homes and 9,505 second-hand homes in Seville and neighbouring municipalities in expansion.
- Seville's real estate future: Entrenúcleos has the capacity to develop 20,000 homes, Palmas Altas for 2,870, Villanueva del Pítamo for 10,000 and Cruz del Campo will give rise to 2,000 homes in the future.
The main developers of new construction projects are focusing on Seville: they currently have more than 8,600 dwellings in the capital and neighbouring areas in expansion such as Dos Hermanas and Aljarafe. In the case of second hand, there is an offer of 9.505 available. This has been analysed by the real estate consultancy firm Activum Real Estate Consulting in its latest study on the real estate scene in the Andalusian capital.
The average price The price per square metre of new construction in the city of Seville would be 2,599 euros and the price of second-hand properties would be 2,166 euros. An average 80 square metre home in new construction would cost 207.920 € y 173.280€ if it is from second hand. In other words, buying a new property is 16% more expensive than buying a second-hand property in the city of Seville.
In the areas studied, which include both the city of Seville and neighbouring municipalities in full expansion such as Dos Hermanas and Aljarafe, there are a total of 111 developments being marketed, it could be said that, in order to reach this level of supply, at least 10 new homes are sold every day. Activum Real Estate consulting has made these estimates on commercial experience in the area.
Buyer profile
The buyer profile varies greatly depending on the number of bedrooms required by the client. Activum Real Estate Consulting has outlined the buyer profile for each type of property, although they all have in common that the majority of enquiries come from internet sites or referrals:
One-bedroom dwellings
They are divided between a profile of a single older person who has sold his or her lifetime home, and investors looking to invest to rent.
Two-bedroom dwellings
There are two types of customer profiles here: on the one hand, there are young people between 30 and 35 years old, who tend to be first homes; on the other hand, there would be another profile of retirees (empty nesters) and residually investors. The latter tend to exchange their homes for smaller, more comfortable homes.
Three-bedroom dwellings
For this housing profile there are also two types of customer profiles: on the one hand, there are those who are looking to buy their first home with a majority age range of 30-40 years and who value the communal areas, communications and quality; on the other hand, there is another profile that is looking to replace their home and in these cases they usually have children who are looking to expand their family, feel a lack of space, and are looking for homes with better features and communal areas for children.
Four-bedroom dwellings
This profile tends to be that of large families or families with teleworking, who need an office area. Replacement destination due to lack of space and comfort, they highly value common services.
The future real estate in Sevilla
Dos Hermanas: leading municipality in terms of supply
Dos Hermanas currently has 3,662 new homes and 1,034 second hand homes. It could be said that it is the municipality of full expansion in the Entrenúcleos area, which in recent years has advanced its consolidation in a remarkable way and will continue to do so in the future: it has a capacity of 20,000 homes and an estimated future population of 50,000 inhabitants.
Aljarafe: Mairena del Aljarafe and Camas, municipalities with the highest development activity
It is a region of natural growth in Seville, a peri-urban area with great real estate prominence. The Camas area has an offer of new construction that reaches 600 homes, in the case of second hand, the offer would be close to 320 homes.
Palmas Altas: the city of Metrovacesa
This developer is exclusively developing this new area with 13 developments of more than 770 homes for sale. The area has been commercially baptised by Metrovacesa as Isla NaturaThe new development has a capacity for 2,870 dwellings (1,232 of which are social housing). In recent months, building permits have already been granted.
Villanueva del Pítamo: will give rise to almost 10,000 dwellings
Next to Palmas Altas and close to Entrenúcleos, recently unblocked with a surface area of over 200 hectares. It will give rise to almost 10,000 homes, with more than 3,000 subsidised. Given its size, it will be developed in phases, the first of which is expected to start next year and will have a capacity of 1,000 homes.
Cruz del Campo: the area of the former brewery will give way to 2,000 homes
It is currently an undeveloped area, but the land occupied by the Cruzcampo factory will give rise to 2,000 homes, almost half of which will be subsidised. This area has a privileged location, next to Nervión and the Sánchez-Pizjuán stadium. The marketing of future housing is imminent and there are large developers who own residential plots.
Hacienda del Rosario
Although it is one of the current leading developments, where both BTR and regular commercial buildings have already been developed, it still has the capacity for several hundred dwellings. The Director of Research at Activum, Ignacio Ortizstates that: "in total, Hacienda del Rosario, has a capacity for 1,500 flats. Until now the protagonist has been Aedas Homes, although recently it has also been marketing Nozar.".
