Seville is gaining prominence in the residential sector. Leading new-build developers in Seville currently have more than 8,600 homes available in the capital and growing neighbouring areas, such as Dos Hermanas and Aljarafe. There are 9,505 second-hand properties available, according to an analysis by the real estate consultancy firm Activum Real Estate Consulting in its latest study on the real estate panorama in Seville.
The average price per m2 of new build in Seville city would be €2,599, and second-hand would be €2,166. An average 80 m2 new-build property would cost €207,920, and €173,280 for second-hand properties in Seville city.
One hundred and eleven developments are being marketed in the areas studied, including the city of Seville and growing neighbouring towns, Dos Hermanas and Aljarafe. It could be said that at least ten new properties would have to be sold every day to cover the supply dimension.
The buyer profile
The buyer profile varies greatly depending on the number of bedrooms the client requires. The company has mapped out the buyer profile for each property type, although they share one common feature: most enquiries come from internet sites or referrals.
The one-bedroom property profiles are divided between a single older person who has sold their lifelong home and investors looking to invest in rental properties.
There are two two-bedroom profiles: on the one hand, there are the 30-35 year-olds, who tend to be first-time buyers; on the other hand, there are retirees (empty nesters) and, residually, investors. The latter tend to exchange their homes for smaller, more comfortable properties.
For three-bedroom homes, two types of customer profiles have also been detected: on the one hand, first-time buyers with a majority age range of 30-40 years who value communal areas, connections and quality; on the other hand, there is another profile looking for a replacement home, and in these cases, they usually have children who are looking to expand their family, lack space, and want properties with better services and communal areas for children.
Finally, for four-bedroom homes, the profile tends to be that of large families or families who work remotely and need an office area. They require relocation due to a lack of space and comfort and value the communal services.
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