New constructions

Energy efficiency and sustainability are no longer the ugly duckling of the real estate sector, but have now become serious selling points capable of attracting potential buyers. Companies know this, and they talk it up in their promotional material.

If there is one thing that characterises the building tradition in Spain, it is the well-known and much feared cost overruns. Many Spanish people consider it 'normal' that building work ends up going over budget, regardless of what is being built.

In the last decade, the housing market in Spain has changed completely. Between 2009 and 2018, the number of sales increased, as did rental prices.

Coastal and beach destinations are steadily becoming the main markets for purchasing a second home in Spain. In addition, with the economic recovery from the financial crisis, the demand for new construction in these areas is picking up again, according to a study by Aedas Homes.

The luxury housing market is shining brightly. That’s according to data from the latest market report by Lucas Fox, a real estate agency specializing in these types of property, showing that the sale of new constructions in Barcelona and Madrid is at the highest point since the housing crisis.

When it comes to buying yourself a home, the choice of whether to buy new or used is an important one.