Santander
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The north of Spain offers us a beautiful city, full of the charm of the coastal capitals that treasure palaces overlooking the sea and an elegant beach where you can swim and stroll all year round, one of the local customs. We are talking about Santander, an urban enclave that exudes culture.
The new construction in Santander stands out for a series of factors that are difficult to find in second-hand properties; great energy efficiency, quality, the guarantee offered by the construction company and even the possibility of personalising it to your own taste if you buy during planning stage.
The Cantabrian capital, with its more than 170,000 inhabitants, has been attracting the interest of countless people who want to settle in the north of Spain. This location lets them enjoy a coastal environment with spectacular inland nature.
And there's its monumental legacy with the palace of La Magdalena, the cathedral, its impressive porticoed square, the Cantabrian maritime museum, the lighthouse of Cabo Mayor and, of course, the beautiful Sardinero beach.
Santander is also interesting for the following reasons:
The attraction is ever present, as can be seen in the dynamic real estate market in Santander.
Cantabria closed 2022 with a housing profitability of 6.9%. Buying a property to rent at the end of the year was 0.8 points more profitable than in 2021; specifically, 6.1%, according to the data compiled by the study 'the profitability of housing in Spain in 2022'.
Buying a property and then renting it out in Santander is a magnificent investment. In September 2022 the average rental price was 905 euros, in February 2023 it was already at 962 euros, according to the enalquiler.com portal.
It is worth remembering that in a scenario of inflation like the current one, many people decide to invest part of their money in the purchase of a property, as it allows them to make a profit with the rent, and we must also bear in mind that we are talking about homes that tend to increase in value over time, so if they decide to sell in the future, they can make a profit on its sale.
For all these reasons, you will surely be interested in knowing about the new developments in Cantabria that Aelca is developing for the enjoyment of all its neighbours and new residents eager to live in the capital.
For years, the Cantabrian capital has been one of the most expensive cities in Spain. however, the price of housing in the city of Santander during the third quarter of 2022 stood at 1,779 euros per square metre; in other words, we are talking about a year-on-year increase of 3.6%. according to the data, housing has increased in value by 3.6% in the city compared to the previous year. This represents a sharp increase, as in 2021, the cumulative figure at this point in the year was 0.1%.
Of course, some areas stand out for their higher prices than the rest. Properties for sale in the Sardinero area have reached the highest prices with 3,446 euros per square metre. on the other hand, the Peñacastillo-Nueva Montaña area stands at 1,637 euros per square metre.
In short, Santander is an elegant city with disparate prices for its properties depending on the neighbourhood in which they are located. Living in this city puts us on a par with the Spanish royalty of the 19th century who enjoyed the charms of this noble capital that is still in the limelight.
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