New construction projects in Bizkaia

Bizkaia is a land of contrasts (land and sea, coast and inland). This historical territory offers a multitude of towns, villages and urbanisations where you can live knowing that all the basic services are guaranteed (health, education, leisure and entertainment, transport).

The capital, Bilbao, and its metropolitan area are, of course, the reference place of residence in the region, but Bizkaia has much more. Beautiful landscapes, a high standard of living, enterprising people and bright prospects for personal and professional development make this an ideal territory to settle in, whether in the north, south, east or west.

Read on to find out more about the reasons to buy a newly built flat in Bilbao, as well as the prospects for investors in the rental market in this area. We will also talk about the best places to buy a new flat and how the price per square metre is in Vizcaya.

New construction in Bizkaia

Investing in a new-build property in Bizkaia is not only a choice for those looking for their main residence, but also for those who wish to invest in the rental market. The attractiveness of the region, both for local residents and outsiders, makes renting a profitable and future-proof option. We will talk in detail about the dynamic rental market in Bizkaia, providing valuable information for investors interested in this strategy.

In terms of property values, the Basque province remains in fifth place in the ranking of the most expensive areas in the country to buy a house. This has led to a slight drop in sales, and as the accessibility funnel to purchase has narrowed, the effects are being felt in rentals. Experts predict that monthly payments will be flat in 2024 or a slight upturn of 1%, making buy-to-let in Vizcaya a tremendously attractive option.

Best areas in Vizcaya to buy a new flat

• Barakaldo
  This is one of the best districts to live in, offering a wide variety of services, recreational areas and good road and metro connections (the metro takes 25 minutes to get from Bilbao to Santurtzi, the district furthest from the city centre).
• Bilbao
  Having undergone a major social, economic and architectural transformation, the icon of which is the Guggenheim Museum, the capital of Bizkaia has become not only an attractive tourist destination but also an interesting place to settle. The rehabilitation of the banks of the estuary has given rise to beautiful newly developed areas such as Abandoibarra. On the other hand, improvements in several residential areas have resulted in better leisure facilities for citizens. Enjoyment is the basis of Bilbao's success: a model of urban planning that is highly acclaimed in Europe and fascinating for visitors and residents alike.

What are our new developments in Bilbao like?

As we have mentioned before, Bizkaia is the best place to live, and that is why our developments are up to the task, always taking care of every last detail.

At Aelca, we are very conscious of the environment and it is a factor that we always take into account. For this reason, our developments are built with special care so as not to damage the environment and its surroundings. In addition, our homes are perfectly insulated to reduce energy consumption at all times of the year, resulting in almost zero consumption.

Our developments offer:

• Homes with 1, 2, 3 and up to 4 bedrooms, making them ideal for families, singles or couples.
• In our developments you will find excellent communal areas, swimming pools, sports courts and even gyms.
• All our properties are in privileged locations and surrounded by a wide range of services that will be useful to you, such as hospitals, schools and supermarkets.

Evolution of the price per square metre in Bizkaia

Property prices in Bilbao province have increased by 1.4% in the last 12 months. In 2.5 years, the price of flats and houses has increased by 0.7%.

The average price of houses currently on the market is 210,000 €. The selling price of 80% of the houses is between 55,000 € and 800,000 €. The average price per m² in the Bizcaya Province is 2,026 € / m².

The average price of flats currently on the market is 228,000 €. The selling price of 80% of the properties is between 125,000 € and 550,000 €. The average per m² of the Biscay province is 2,906 € / m².

The average monthly rental price for houses currently on the market is €866. The monthly rental price of 80% of the houses is between 450 € and 2,800 €. The average rent per m² of the Biscay province is 113 € / m² / year.