The centre in Vigo, Eirís in La Coruña and San Lázaro in Santiago: the most sought-after neighbourhoods in Galicia
16 Jun 2022
- Activum, Real Estate Consulting has carried out a study on new construction in the main cities of Galicia: more than 1,800 homes on offer.
- Vigo has 926 new-build properties; with an average price for a 3-bedroom property of 410€. La Coruña has 637 properties; with an average price of €320,683. Santiago de Compostela has 242 properties; with an average price of €324,000.
Activum Real Estate Consulting, real estate consultancy, has analysed housing data in northern Spain in its latest study. Galicia is one of the autonomous communities with the greatest supply of new-build housing in the north of Spain. with more than 1.800 homes for sale in 36 promotions.
What are the average prices and square metres in each city?
The The average price of new construction in the capitals of Galicia does not vary much between them; the most expensive capital is Santiago de Compostela with an average price 324,000 € for a 3-bedroom property with an average of 119 m², followed by Vigo with an average price of 310,410 € and an average of 123 m². The cheapest city is La Coruña with 302.683 € for 157 m².
Source: Activum.co.uk a 6/2022. The ranking is based on the developments advertised on real estate portals and in the real estate portals themselves. websites of the promoters studied.
What are the growth areas in the Galician capitals?
The area of San Lázaro- Meixonfrio in Santiago de Compostela is the area with the highest number of new-build homes for sale with 91 dwellings divided into two promotions, followed by the area of in Conxo with 64 dwellings. In Vigo the area of greatest expansion by far the largest of its successors is the urban centre with 832 dwellings spread over 11 new developments. La Coruña has a large expansion area, Eirís, with 322 new developments. new housing, representing more than half of the supply in the city as a whole.
Source: Activum.co.uk a 6/2022. The ranking is based on the developments advertised on real estate portals and in the real estate portals themselves. websites of the promoters studied.
Metrovacesa, Avantespacia and Gestilar: the developers investing the most in Galicia
Currently Metrovacesa is the developer with the highest market share with 281 dwellings divided between two developments in La Coruña and others two in Santiago de Compostela. It is followed by Avantespacia with 276 dwellings divided between Vigo and La Coruña. In third place comes Gestilar with a major promotion of 265 homes in Vigo.
Source: Activum.co.uk a 6/2022. The ranking is based on the developments advertised on real estate portals and in the real estate portals themselves. websites of the promoters studied.
