More than a decade in crisis. It is the pilgrimage that has had to go through the prestigious El Bosque urbanization until the reactivation of the real estate sector has arrived. This is how David Tornero, responsible for Urbanizations at the Rimontgó real estate agency, relates it.
“From 2008 to 2018 it has been inactive, only a few operations were carried out,” says the person in charge, who attributes this prolonged hiatus to the fact that “other developments with a similar profile, oriented towards luxury housing, overcame the bump earlier by prioritizing the factor of proximity to Valencia”.
Indeed, despite the fact that El Bosque retains its status intact after 35 years as a place of reference for luxury housing, urbanizations of a similar product such as Santa Bárbara in Rocafort, Torre en Conill in Bétera or Monasterios in Puzol, have placed their product after the recession thanks to the differential value of having less travel time to Valencia.
In any case, the reactivation of demand in the outskirts of the city has once again put El Bosque in the focus of investment, an attraction that is also growing exponentially.
reactivated promotions
“In the urbanization there are three promotions, both single-family and semi-detached villas, which had been stopped for years and have now been reactivated. And this, which is already in itself a symptom of the recovery of the market, has revalued by extension all the houses in the urbanization, where the presence of unfinished projects was a factor against the sale”, details Tornero.
As he relates, “during 2018, first-class houses began to be sold, both as first residences and second homes for foreigners who live here six months a year -Dutch, German, etc.-“. “The market is 90 percent for sale. There is some rent, but little,” she says.
Among its around 500 houses, the urbanization has three types of housing, according to Rimontgó’s categorization: “Chalets with a generational replacement plot, which start at 500,000 euros and need reform; houses from between 1995 and 2000 for around 800,000 euros , which are in good condition but need some adaptation; and houses of absolute luxury”.
Regarding the latter, he specifies that these are residences “with huge plots, good views and recently built, where the maximum price is between 2.3 and 2.5 million euros,” he breaks down. Another feature that pushes prices up is that there is hardly any land left to build on.
Facebook Comments
Disqus