The real estate market continues to be dynamic in Zaragoza. Although the latest data on home purchases and sales in Aragon, relating to the month of August, show a worsening of the data with a decrease of 10.9% in relation to the same month of the previous year, reaching 1,141 operations according to data from the INE, which it is true that There is no noticeable decrease or less interest in buying and selling apartments in real estate in these last months of the year.
What’s more, the outlook is positive because there are factors that will continue to drive and inject more dynamism into the real estate market. “Large technology companies are setting up shop and the city has the capacity to grow. Zaragoza is going from strength to strength,” says Víctor Pezonaga, head of one of the Remax offices in the capital of Zaragoza, which has just expanded its facilities, in statements to theEconomist
But these are not the only factors that are driving the housing market in this city where There is no noticeable drop in sales and prices continue to risealthough in a more moderate way. “This is not Madrid or Barcelona. Here the price is more sustained.”
Specifically, an average operation is usually around 200,000 euros for an apartment with three bedrooms and two bathrooms, although “it all depends on the area in which it is located” because there are neighborhoods with lower prices and others in which this average amount go up. It also increases if the apartment has a storage room and garage. In the case of the VPO, it is around 180,000 euros.
And this making them appear new buyer profileswhich are becoming more important. In fact, it is observed that many People interested in having a home in the capital of Zaragoza have their jobs in Madrid or Barcelona. Two cities in which buying a home is difficult for many people, which is why they are choosing to take up residence in Zaragoza with the acquisition of an apartment and make transfers to the company located in these other large cities for a few specific days to work, combining presence and teleworking or remote work.
The interest in purchasing also comes from employees who come to work from other companies in Zaragozaeither because they open a headquarters or because companies have established themselves here. In this case, there is a significant demand from people from Mexico and Maltaamong other nationalities. In them, it is also the case of opting for the Aragonese capital and traveling to work in Madrid or Barcelona.
To them are added other profiles: people who are looking for a smaller home because their children have left home and those who want a larger apartment because their family is growing.
To these groups of interest in buying the home are added the investors. A group that tends to be especially dynamic at the end of the year to make their acquisitions. And here the demand is also growing.
Real estate expansion
The dynamism of the real estate market is also causing real estate agencies are expanding their network. This is the case of Remax España, which has two offices in Zaragoza. Precisely, one of them, REMAX Finca Hogar, has expanded its facilities due to the growth it foresees in the coming years.
“We had an office at street level of 120 square meters on two floors. Now we have 330 square meters on the street level on Paseo de Sagasta with different spaces to be able to develop training for real estate agents, have coworking areas, set up teams, support entrepreneurship…”, says Víctor Pezonaga, who emphasizes that this new office allows them to “offer spaces to clients and associates and increase the team.”
In fact, currently, 20 people work in this recently opened office, but The goal is to reach 50 professionals in three years and capture between 8% and 10% of sales. in Zaragoza with a horizon of 15 years. “There is plenty of volume,” he adds, since in Zaragoza an average of 11,000 purchase and sale operations are recorded per year. Around 1,300 real estate agents and independent professionals in the sector operate in the city.
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