free housing
Written by Contact Us

Free housing, cheaper than the VPO?

Although it seems incredible, there are Spanish cities where free housing is still cheaper than the VPO. This occurs in nine provinces, and it is because in the crisis the price of housing fell significantly and has not yet recovered. But, they are exceptions.

In this graph of Trincado Bethlehem / Five Days, with data from the Ministry of Development, you can see what the situation is.

The affected areas are marked by low demand. This causes that the protected housing, thought to facilitate the access to the property to families with less resources, is in practice more expensive than the free one. However, en The whole country, the price of the protected is 32% below the average.

Although in other much more dynamic markets prices rebound strongly, these “depressed provinces, which expel population and where there is still a banking product, make prices very low and complicated to evolve above those of the protected ”, Details the CEO of Contact Us, Luis Corral. Remember, however, that this situation came about in many parts of the country.

Likewise, the experts consulted in the report agree that the prices of the VPO have not been updated for nearly a decade. Another reason.

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Valdebebas
Written by Contact Us

Valdebebas, the main market floor

The real estate course starts strongly. The price of land pulls the market in Madrid. The operations follow one another and Valdebebas is one of the areas of interest, where there is also little land available for housing. Soil commercial It is also active.

In fact, in recent months several relevant transactions have been closed in terms of price. According to information from El Confidencial, Acciona has bought from the Celteo Business company, a plot of 31.700 square meters - 26.018 square meters for residential and 5.755 for commercial. And has paid 2.000 euros per square meter, double what was paid five years ago.

"It is an area that is already consolidated, at the residential level, and there is very little land available," he says Luis Corral, CEO of Contact Us. There are currently 11 promotions underway -Inbisa, Amenabar, Ibosa, Gestilar, Real Estate Space ...- which add 857 homes, of which almost half are sold.

House prices range between 450.000 and 650.000 euros (depending on the size of the house), with average square meter prices between 3.800 and 3.700 euros.

Only 18 of the 141 plots of the scope are pending development, just over 10% of the total. "We estimate that there is between 7% and 10% of buildable square meters in free housing, to which the land owned by the town hall and protected housing should be added," said from Foro Consultores.

The price of the square meter is between 3.700 and 3.800 euros.

For Luis Corral, Valdebebas is a special area. «Two submarkets have been configured. On the one hand, the replacement product thought for a client that comes from Las Tablas, Sanchinarro or Montecarmelo, You are looking for bigger houses. And on the other, the first home, with fewer square meters ».

You can see all the information in this area in the article by Elena Sanz in El Confidencial

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