According to analysts, the growth of savings among Spanish citizens and foreign buyers, the stable prices for real estate, which should continue in the future, create a positive environment for the increase of buyers' interest in real estate investments.
At the moment, houses look like a more attractive asset for many people compared to other options because of their relatively lower volatility.
This is indicated by Ferran Font, the Director of the Research Department of the "Pisos.com" webpage. According to him: “Property investment is a direction that is gradually gaining weight.”
However, the rising trend is still far from resembling the scenario prior to the exploded real estate bubble in 2008. According to some market experts, the current situation allows the sector to portray itself as a safe haven for investment during uncertain times.
Within the province of Seville, analysts see a high increase in home-buying activity from north to south, from west to east. In January 2022 alone, there were more than 2,000 housing transactions. Compared to December 2021, the results have showed an increase showed an increase in the amount of 14.56% since the beginning of the current year. In annual terms, the growth was 28.9%.
According to the latest quarterly real estate price report by Pisos.com, in March 2022, the average price of a second-hand house in Seville was €1,398 per sq.m.
Only Malaga and Cadiz ranked higher than Seville, with prices of €2,287 and €1,486 per sq.m. respectively. But within the province of Seville, local prices are noticeably different.
The capital of Seville follows the general trend of the province. In the city, the average price level reached €1,982 per sq.m. Thus, Seville takes the third place among the most expensive residential real estate in Andalusia. At the same time, property sales prices and rental rates allow you to get a gross rental yield of 6.24%. In Malaga, the yield is 5.04%.
Aside from the capital and the province, generally, the rental yield in the autonomous region reaches 6.35% in the first quarter of 2022. This is slightly below the Spanish average, 6.43%, for the same period.
One way or another, if you focus on the Seville cities/municipalities and consider the largest price increase among them over the past year, then you will need to start with the metropolitan agglomeration. It includes about 50 urban areas.
In March, in the municipality of Castilleja de la Cuesta, which is located just 10 km from Seville, prices of housing on the secondary market were €1,253 per sq.m. This in an annual increase of 13.51%. Second-hand homes in Alcala de Guadaira went up by 10%. This is an increase of 12.77% in annual terms.
Also, the purchase of apartments has become more expensive in San Juan de Aznalfarache. In 2021, the population was over 22,000 people in the municipality. The price reached €1,112 per sq.m. in March. This is 9.74% more than a year earlier.
The increase in prices in La Rinconada was less noticeable, although, in any cases, still worthy of consideration. It peaked at €1,176 per sq.m. This is an increase of 7.51% in annual terms.
However, the capital city is a market for investments in expensive real estate. For more affordable options, you need to travel a bit further into the provinces. Fortunately, according to the report by Pisos.com, it takes less than an hour from the city to find the most affordable offers in the region.
Las Cabezas de San Juan offers properties at average prices around €597 per sq.m., Osuna — €627 per sq.m., Arahal — €666 per sq.m., Tosina — €687 per sq.m., and La Puebla de Casalla — €692 per sq.m.
All of them are at the top of the ranking among the cheapest municipalities in the province of Seville.