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Zaragoza Real estate market in 2017

15 May
2017

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Zaragoza, the gates of the Pyrenees

Zaragoza, halfway between Madrid and Barcelona, is the fifth most populous city in Spain. Its good communication with Barcelona and Madrid and its proximity to the Pyrenees makes this city an interesting option for those who are looking for a city not very big, well-connected, and at the gates of the mountains.

Why Zaragoza?

Zaragoza is quiet, with the two main airports of Spain at about 300 kilometres, but very well connected thanks to the AVE: two hours by train to both Madrid and Barcelona.

Its temperate continental climate makes it possible to enjoy some warm summers and not very cold winters when compared with other places in Europe.

How is the real estate market?

As in much of the Spanish state, the real estate market of the capital of Aragon is experiencing a slow recovery. The purchase and sale of housing increased by around 15% during 2016. The price per square meter was at the beginning of this year close to € 1.200 being the cheapest city of the five largest cities in Spain, and still very far from the historic high that was made in 2007, when the price per square meter was more than € 2,500. The predictions for this year are positive and prices are expected to continue to grow throughout 2017.

This chart is a comparison of Zaragoza vs the National average.

 

As for the community of Aragon, the purchase and sale of flats among foreigners increased by 40% in 2016.

Where to live in Zaragoza?

The Old Town is the centre of the city. In this area are most of the shops, as well as most schools and hospitals. It is also the cultural centre of Zaragoza since most of the museums and sites of cultural interest are in this neighbourhood.

The area of Actur, not far from the centre, offers more tranquillity than the centre itself. This area also has basic services, and thanks to its proximity to the centre make it a good place to live if you do not want to be away from the hubbub of the centre. In addition, some faculties of the University of Zaragoza are in this zone, reason why its environment is quite youthful.

Casablanca is also a relaxed neighbourhood and ideal for families to live there. Also, it is located next to the centre, so if you need something that is only in the Old Town this is not far from the neighbourhood.


How to get around Zaragoza?

Trams and buses are the best options to get around the city, although this is also easy to walk or bike. The high-speed train, AVE in Spanish, connects with the two main cities of Spain, Madrid and Barcelona, making it possible to reach them in less than two hours. It also connects with Huesca, the gateway to the Pyrenees. Read our recent article on the 25 Years of the high-speed train in Spain for more on that.

Zaragoza also has an airport, although its volume of flights can not be compared with the airports of Barajas (Madrid) and El Prat (Barcelona). The network of roads and highways connects the city with other points of Aragon and Spain.

If you want to invest in the Spanish real estate market in Spain, don’t hesitate to read our special report with the 10+ reasons why you should have a look at the Spanish property market.

Do you want to check the yearly weather statistics in Zaragoza before buying? Check our infographics of the yearly weather statistics of any Spanish city and on Zaragoza.

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Raimon 

Senior Journalist and writer at HTBIS

Check the full HTBIS team here

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