Oviedo

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If there is one city that's loved by all, it is - without a doubt - Oviedo. the Asturian city is one of the cities most highly rated by its inhabitants, according to the study promoted by the European Commission on the quality of life of its inhabitants.

 

In fact, even Woody Allen himself joined in this enthusiasm when he had the opportunity to visit it in 2002 on the occasion of one of the prestigious Princess of Asturias Awards that are held annually in the city.

 

"Oviedo is a delightful, exotic, beautiful, clean, pleasant, peaceful and pedestrianised city; it's as if it didn't belong to this world, as if it didn't exist... Oviedo is like a fairy tale", said the filmmaker.

 

Why invest in new buildings in Oviedo?

Without going any further, the Asturian community is one of the most profitable in this part of the country. Specifically, the city of Oviedo allows you to buy a property to rent with a profitability of 5.90%.

 

Many people come to live in Oviedo, which stands out for its prosperity, its culture and for being one of the liveliest and most bustling cities on the Cantabrian coast. Proyecto  imagen 1

Reasons to live in Oviedo

Oviedo is one of the cleanest cities in Spain and has been recognised as such on several occasions with the Golden Broom award. These awards are given by the Technical Association for Waste & Environmental Management (Ategrus) every two years, as part of its programme of support and dissemination of "good work" in the field of waste management and sustainability. 

 

In addition to its immaculate appearance, Oviedo is the ideal size to enjoy without having to use the car or constantly rely on public transport. Perfect for beach and snow lovers, as it is just half an hour from the coast and three quarters of an hour from the nearest ski resort.

 

In addition to all this, there is an abundance of green areas and parks, a wide range of cultural offerings with a variety of museums and excellent gastronomy.

 

Why buy a new build flat in Oviedo?

The city of Oviedo is an excellent option if we are looking to make a good investment and get a good return.

But not only that, since the city stands out for the quality of life it offers. Aspects such as public safety, the quality of its services, the cleanliness of its streets and the beautiful landscaped spaces for sports and the enjoyment of the whole family. 

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Is it profitable to buy a property to rent in Oviedo?

The Asturian property market is one of the most dynamic in Spain, as it has experienced considerable growth, in January alone it increased by 23.7% compared to the same month of the previous year, according to data from the official college of property registrars.

 

Another point to highlight is that housing in the region is particularly affordable, as the relative purchase price is much lower compared to other communities. 

 

Thus, according to the report on trends produced by the valuation company, in the fourth quarter of last year, Asturians only had to spend 5.4 years of their salary to buy a home.

 

Aelca has several new developments in Asturias, either in Oviedo, Gijon or Aviles, which also generates a great deal of real estate interest. 

 

Evolution of house prices in Oviedo

As explained by Tinsa, the price of housing in the city of Oviedo during the third quarter of 2022 stood at 1,452 euros per square metre and registered a year-on-year increase of 3.5%.

However, the average value of houses in the city of Oviedo was at its highest ever level in the first quarter of 2009. 

 

As for the rental market, the average price is 800 euros. without a doubt, it seems a good option for those looking to invest in a property with the intention of renting it out.

 

Oviedo has earned admiration from locals and foreigners alike, given its open, caring character, brimming with culture and excellent public safety in the opinion of the Oviedo locals themselves. 

 

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