Granada
We develop projects at a national level. with designs, qualities, finishes and well thought out locations. so that you can find your dream home.
Granada is one of those cities that people dream about, especially in our youth. It is full of beauty, cultural eclecticism, an amazing heritage, as well as a gastronomy and a cheerful way of life that dazzles us. In addition, both the beach and the ski slopes of the Sierra Nevada are just a stone's throw away. Without a doubt, investing in new buildings in Granada makes perfect sense, don't you think?
The Andalusian city stands out for its university atmosphere and an impressive past that has been engraved in its streets as evidenced by any walk through the Albaicin neighbourhood, the Carrera del Darro, the Plaza Nueva or a visit to the impressive Alhambra.
But apart from its undeniable charms as a beautiful, historic city, full of life thanks to the constant flow of tourists and university students, the city of Granada offers great advantages to those who decide to invest in it. We have already told you that investing in new buildings in Granada is an excellent choice.
It goes without saying that this is one of the leading cities in Spain due to its climate, its cultural attraction and its wide range of leisure activities. In fact, it is a city that never stops growing. The National Institute of Statistics (INE) estimates that the province will experience continuous growth over the next three decades and that it will have almost one million inhabitants by 2037. A large part of these new citizens will settle in the capital.
Currently, Granada is at the top of the list of provinces with the most expensive housing, together with Malaga, precisely because of the lack of housing. Investing in new construction can be more than profitable given the scarcity and significant population growth that is expected in the province.
Living in a city like Granada is a great idea and, the new developments in Granada are the centre of attention. Let's delve a little deeper into the reasons why this is the ideal city for you and your loved ones:
The temperatures are pleasant all year round, as they don't usually drop below 10ºC and in summer they don't exceed 35ºC, except during heat waves.
The proximity to both the beach and the ski slopes in the Sierra Nevada is also a plus, as it allows you to combine both passions.
It is a comfortable city. An efficient public transport network allows you to get from one point to another in a relatively short period of time (about twenty minutes). Even walking is a pleasure in a city like Granada.
A young, university city that welcomes students from all over Spain and the world. In fact, it is third in number of university students, only behind Madrid and Barcelona.
Aelca is working to expand the supply of housing in the area. At the moment, we have five developments with a total of 369 new homes and our intention is to continue expanding the number of projects.
Our homes stand out for their high energy efficiency, because we know that savings in homes and respect for the environment by reducing CO2 emissions are crucial aspects.
Our new build flats in Granada are distinguished by their great versatility, so that everyone can find the house that suits their needs in terms of space.
Common areas equipped with children's pool, adult pool, gardens or sports courts to relax, play sports or hold events to socialise with your neighbours or with family or friends.
Highly energy-efficient homes.
Located in consolidated areas that offer all kinds of services such as shops, supermarkets, schools and pharmacies, among others.
Newly built housing in Granada that is offered for rent is profitable, but with certain nuances. We must bear in mind that the capital of Granada shares with Malaga a gross rental yield of 5.16%, while in the rest of Andalusia we find somewhat higher yields. It is worth noting that in Andalusia as a whole, the profitability reached 6.28%.
Evolution of house prices in Granada
We are witnessing a rise in prices. In the city of Granada, the price of housing rose by 8.8% compared to February 2022; in other words, it is above 2,000 euros per square metre.
The metropolitan area of Granada is where the price of housing has risen the most in one year. Thus, currently, the average price per square metre is 1,233 euros.
In short, if you are looking to invest in new construction in Granada, we recommend that you take advice on the matter and if your financial situation allows it, go ahead with it, as the profitability that you can obtain from renting is attractive.
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