Announcing the construction of the Volkswagen gigafactory, the first official news of which was received in March last year, is one of the first steps, but will have many positive effects over the next few years. The increase in price and home sales can now be measured., especially in Sagunt, but also in the rest of the region. A good example of this widespread wave, unlike what happened last year, All municipalities in Camp de Morvedre recorded some transactions last summer Real estate.
This is reflected in the latest statistical bulletin published by the Ministry of Transport, Mobility and Urbanization, which includes operations increased by more than 45% between spring and summer, according to data collected from notaries until October last year. 2022 compared to the same period of the previous year. These levels had not been reached since 2007, when the financial and real estate crisis had yet to come..
Regarding the evaluation of these homes, and since VW’s initial announcement of landing at Parc Sagunt II, price increased by 12.7%, according to official information. Valuations approved by the established Ministry at the end of last summer The average value per square meter is 937 euros, up from 831.6 six months ago.
Despite this increase, the capital of the Camp de Morvedre With more than 25,000 inhabitants, Valencia remains one of the cheaper cities to buy a house., only above Xirivella, Alzira, XÃ tiva, Algemesi and Ontinyent. The podium of the most expensive cities is headed by Valencia (1,685.3 euros per square meter), ahead of Paterna and Mislata.
Another issue that draws attention in the light of these statistics is still The impact of multiple ongoing housing promotions is about to come, especially in Port de Sagunt. In this sense, in the first nine months of last year, in the period when more than 2 thousand real estate transactions were recorded, but one-fifth, less than 450, corresponded to new homes. In addition, more than 250 of them were registered in Canet d’en Berenguer and specifically in the Gran Canet building.
UPV Observatory
Sagunt’s prominence in the real estate market has made the region’s capital one of the most important cities in the world. The protagonists of the work of the UPV Residential Observatory Chair, whose director is Fernando Cos-Gayón López from Buenos Aires. Its latest report, which also corresponds to the third quarter of last year, states that “if it ranks third, the average price of new multi-family construction in the Valencia metropolitan area is not above its values”. It is located within the areas examined by the observatory. Also the municipality -by Sagunt- is already experiencing The so-called Volkswagen effect because of new job prospects in industrial parks that stimulate land searches. For new projects”.
Source: Informacion
James Sean is a writer for “Social Bites”. He covers a wide range of topics, bringing the latest news and developments to his readers. With a keen sense of what’s important and a passion for writing, James delivers unique and insightful articles that keep his readers informed and engaged.