Several factors influence real estate prices in Torla, a picturesque village located at the gateway to the Ordesa y Monte Perdido National Park. One significant factor is the area's natural beauty and its appeal to outdoor enthusiasts, which drives demand for holiday rentals and second homes. Properties with stunning mountain views or proximity to hiking trails can fetch higher prices compared to those further from such amenities. Additionally, the limited inventory of homes due to the village’s small size constrains supply, further increasing prices. Historical architecture, particularly ancient stone houses, also plays a role; well-preserved homes attract buyers interested in cultural heritage, often leading to bidding wars. Seasonal tourism affects market dynamics as well, with prices rising during peak seasons when demand surges. Local regulations and development policies can impact availability for new construction, thereby influencing market conditions; for instance, stricter building regulations may limit the number of new properties that can be developed, preserving the village's charm but potentially escalating prices for existing homes. Lastly, overall economic conditions and interest rates can also sway buyer behavior and purchasing power, affecting real estate pricing trends in the region.