Strolling children, going for a run, cheering for a picnic ... The parks offer many possibilities to break with the routine of the city and therefore are spaces valued positively by most of the inhabitants. That preference also has its reflection in real estate prices, according to a recent study by CBRE. The consultancy service in Spain has analyzed the average cost, for sale and rent, of the properties located 500 meters or less from the main parks of seven Spanish cities. And he has compared these amounts with those of the rest of the apartments in the same district. In what city are 74% more flats next to a green space? In which increase the rents almost 30%? These are the results of the study for Madrid, Barcelona, Valencia, Seville, Zaragoza, Malaga and Bilbao.
Madrid and the Retiro Park
The average sale price of a flat together to the Madrid park It is 7,394 euros per square meter, the highest of all the cases that have been analyzed, compared to 4,828 euros per square meter paid as an average in the rest of the district of Retiro. The difference, 53.1%, is also one of the highest found in the study.
In the case of rentals, the extra cost of living next to the most emblematic park in the capital, a green lung that exceeds 100 hectares, is reduced to 18.7%. For an apartment in the district are paid on average 16 euros per square meter per month (ie, that a floor of 50 square meters would have an income of 800 euros). When approaching 500 meters from the park, that price rises to 19 euros per square meter per month.
Barcelona: the Ciutadella is little priced
4,792 euros per square meter costs to buy a flat next to the Barcelona park, which houses the zoo, the Parlament building and a valuable collection of sculptures on its 21 hectares. The price is only 2.2% higher than the 4.688 euros per square meter to which is paid as an average housing in the district of Ciutat Vella.
And in the case of rent, it is still lower. If in the district of the historic case of Barcelona, one of the highest tourist pressure in Spain, leases are paid at 20 euros per square meter per month (1,000 euros for a floor of 50 meters), move a little away from the center towards the Parc de la Ciutadella, which remains in the northeast corner of the district, it means paying 19 euros per square meter per month, the same as what is paid in Madrid for living next to retirement.
Valencia, the highest extra cost
74.4% more is paid for a flat in the Gardens of Viveros de Valencia with respect to another one in the rest of the district of Saïdia. However, in absolute terms, they are among the cheapest housing among those studied: 1,469 euros per square meter in the district that rise up to 2,562 euros per square meter next to the park, which is also known as the Jardines del Real because its almost 20 hectares hosted until the beginning of the 19th century the royal palace of the city.
The explanation, as in the case of Barcelona, is that the park is at one end of Saïdia. Only in this case, unlike what happens in the Catalan capital, that location does not lead him to be located next to a cheaper district but quite the opposite. The park borders on Pla del Reial, one of the most expensive areas of the city and that pulls up all the floors around this green area. Although in the rents that effect is not observed: the houses next to the park cost on average 7 euros per square meter per month, the same as in the rest of the district.
Sevilla: María Luisa increases the price by 44%
The 40 hectares of María Luisa Park, which hosts some of the most iconic monuments of Seville as the Plaza de España that was built for the Ibero-American Exposition of 1929, are quoted upwards in the southern district of the Andalusian capital. The average sale price of an apartment next to this space is 2,737 euros per square meter, always according to the CBRE study. In the rest of the district, it remains at 1,897 euros per square meter, which represents an increase of 44.3%.
In rentals, the difference is 12.5%, although in absolute terms they are, as in Valencia, among the cheapest. The average monthly rent is 8 euros per square meter in the Southern district and 9 euros per square meter in a radius of 500 meters next to the park.
The Big Park of Zaragoza
In the Delicias district of the Aragonese capital, an apartment costs an average of 1,925 euros per square meter. Approaching the José Antonio Labordeta Great Park, a space of 27 hectares which in 2010 the name of the late singer-songwriter and Aragonese politician was added, increases the price by 16.5% to 2,242 euros per square meter.
Zaragoza is the only city where the increase in rents is higher than the purchase prices in homes near the park. The monthly rents go from 7 to 9 euros per square meter, 28.6% more.
Moderate hikes next to the Malaga Park
The popular Alameda de Málaga is located in the Centro district, one of the most expensive and touristic of the city. To buy a home near this space of 33 hectares, you have to pay 3,490 euros per square meter, 27.5% more than the 2,738 euros per square meter sold to the rest of the district's apartments.
The rise is even more moderate in rentals. The 10 euros per square meter per month paid for a flat in the historic center of the Andalusian city are raised by 20%, up to 12 euros per square meter per month, as it approaches less than 500 meters from this park located next Sea.
No differences in Bilbao
The Doña Casilda Iturrizar Park of the Basque city is the smallest of all those that are part of the study, with less than 9 hectares, and perhaps that is why it causes the least effect on the surrounding houses. The rents are equal to the rest of the district of Abando, with 13 euros per square meter per month.
And in the sale prices, the difference is minimal. A flat in the central district of Bilbao is worth 4,215 euros per square meter. In the vicinity of the park, which takes the name of the woman who donated these lands to the city, is 4,221 euros per square meter. A minimum increase of 0.1%.