The snow is again an argument to sell houses and raise prices. And in some cases at a two-digit rate. In the Huesca town of Panticosa, under the influence of the ski resort of Aramón Formigal-Panticosa, in the Aragonese Pyrenees, house prices have increased by 17.5% in the last quarter compared to the same period of the previous year. last year. In those tracks the barrier of 2,000 euros per square meter is already surpassed, according to urbanData Analytics, a digital company specializing in data analytics. And around the Valdezcaray station, in the town of Ezcaray (La Rioja), the increase was 13.6% year-on-year.
The real estate market of the snow tracks experienced a real urban explosion and a frenetic climb of prices in full boom. In Baqueira Beret (belongs to the municipality of Naut Aran, Lleida) they were paid 8,000 euros per square meter. But it had the worst of falls – almost more than beach houses – at the beginning of the crisis. Now the lifts of the real estate sector they are back to work and, although the activity levels of a decade ago have not been recovered, prices have risen again, operations have been closed and some new projects have been resumed. It is time to take advantage of the resurgence of the housing market and, incidentally, the good figures of the snow: the 35 resorts of the Tourist Association of Ski and Mountain Resorts (Atudem) will invest this season more than 27 million euros and are expected to exceed 8.5 million skiers registered in 2017.
HOW MUCH DOES THE SNOW HOUSES COST?
Prices for the third quarter of 2018
The new work has returned to Baqueira Beret. This station of the Catalan Pyrenees has the average price of the highest square meter. "It is expected that two or three developments of new construction will start in Baqueira and in the towns near the slopes. The prices of the new construction range between 4,400 and 6,800 euros per square meter, "says Javier Cardona, director of Engel & Völkers in Valle de Arán. Avintia Inmobiliaria has announced a promotion of 44 single-family homes at the foot of the track, with surfaces ranging from 280 to 450 square meters. The company expects to deliver the houses in 2020 and 2021. According to the appraiser Tecnitasa, the second hand can reach up to 3,500 euros.
The buyer of a second or third residence in Baqueira Beret faces a price increase of around 5% per year, says Carlos Carreno, of Gestiaran real estate. For the Idealista portal, the increase this year has been 10%. And for the company Engel & Völkers, "the sale prices have rebounded on average by 12% over the previous year, especially in those pre-owned and singular properties". It must be taken into account that these are localities that do not have a uniform real estate market and that, moreover, lack official statistics, since the Ministry of development it only studies the municipalities with more than 25,000 inhabitants.
The prices in the Aran Valley depend, and much, on the location. In the low Arán, which brings together the towns that are from Vielha to the border with France, you can buy second hand houses of 150,000 to 250,000 euros and some new construction in Vielha, the capital, from 300,000 euros, according to Gestiaran "This client looks for not excessively high prices, square meters and views", they add. A very different market is that of Naut Aran, both in prices -from 300,000 to two million euros-, as well as in product and type of customer. "They tend to be skiers and like to be closer to the slopes." Already in Baqueira, at the foot of the track, prices range between 4,500 and 6,000 euros per meter for apartments of 80 and 150 square meters. Apart from the national buyer, the impulse of the foreign client stands out, especially the French (due to the proximity) and the British, says Cardona.
And from the most expensive snow market to one of the most affordable, the Sierra Nevada, in Granada. In the town of Monachil the average price reaches 1,170 euros per square meter, 4.4% more than the previous year, according to urbanData Analytics. Although the price also varies depending on the proximity to Pradollano square, next to the ski lifts, where it is selling at 3,000 euros per square meter, indicate in Tecnitasa. Even so, you can find cheaper properties, for example, a terraced house of 80 square meters for 199,000 euros. In contrast, in the upper Sierra Nevada, the farthest from Pradollano, the price drops to 1,900 euros per square meter. Studios and apartments for less than 100,000 euros and terraced houses from 140,000 euros are sold.
Candanchú, Astún, Formigal-Panticosa and Cerler, in the Huesca Pyrenees, and Javalambre and Valdelinares, in Teruel, make up the Aragonese ski resorts. There are apartments for sale between 45 and 65 meters at prices ranging from 2,100 euros Candanchú to 2,300 euros Cerler, indicate in Tecnitasa.
Another of the stations that has become more expensive in the last year has been Navacerrada, in the Sierra de Guadarrama, the closest to Madrid. The price of the house is 1,570 euros per square meter, which means that it is sold 9.7% more expensive than a year ago, according to urbanData Analytics. The real estate Noteges has marketed this year around 41 homes, mostly three bedrooms, at an average price of 1,421 euros, with an increase of 4.27% compared to the first half of this year.
At home or at a hotel?
The vacation rental continues removing clients to the hotel accommodation. According to Tecnitasa, it is carried out almost exclusively through specialized agencies and companies and prices can range from 55 euros per person per day in Cerler to 240 euros in Baqueira Beret. Precisely, the Pyrenees of Lleida is the most expensive enclave to spend a few days skiing, about 959 euros per week. Those with the most adjusted budget should opt for the turolenses tracks of Javalambre and Valdelinares, where the weekly rent is 337 euros, says Ferrán Font, director of studies of Pisos.com.