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Villaviciosa De Odon

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Real estate insights for Villaviciosa De Odon

AspectSummary
Population28,800
Average Property Price€2,900/m²
Rental Yield6.5%
Average Rent€1,200/month
Occupancy Rate92%
Capital Growth Rate4% annually
Property Tax0.1% - 0.5% of property value
Transaction Costs7% - 10% including taxes and fees
Expected ROI8%
Economic Growth ImpactPositive, driven by infrastructure development and local economy

Villaviciosa De Odon FAQ

  • What is the average price per square meter in Villaviciosa De Odon?

    The average price per square meter in Villaviciosa de Odón varies depending on the location and property type. As of recent data, prices generally range from approximately €1,600 to €2,500 per square meter. In the more central areas or near amenities, such as parks and shops, prices tend to be on the higher end of this spectrum. For instance, newly built apartments in desirable neighborhoods can command around €2,200 per square meter. In contrast, older properties on the outskirts or in less sought-after zones may be available for around €1,500 per square meter. Factors such as property condition, age, and proximity to schools and public transport also play significant roles in determining the overall market price.

  • How have real estate prices changed in Villaviciosa De Odon over the last year?

    Over the past year, real estate prices in Villaviciosa de Odón have experienced a noticeable increase, reflecting a broader trend seen in the Madrid metropolitan area. According to local data, average property prices have risen by approximately 8% since last year, with two-bedroom apartments now fetching around €250,000 compared to €230,000 a year ago. Even more notable is the surge in demand for detached houses, where prices have climbed significantly; a typical three-bedroom villa that was listed for €400,000 has seen its value rise to about €440,000. Factors contributing to this rise include the area's appeal to families seeking larger living spaces and good schools, as well as its proximity to Madrid, which has attracted a wave of buyers looking for a balance of suburban life and urban access. The market has also been fueled by limited housing supply, with fewer new developments coming onto the market compared to demand.

  • What factors influence home prices in Villaviciosa De Odon?

    Home prices in Villaviciosa de Odón are influenced by several factors, including location, property size, and proximity to amenities. The town's attractive suburban environment, characterized by green spaces and a family-friendly atmosphere, significantly boosts demand. Properties located close to prestigious international schools, such as the British School of Villaviciosa de Odón, tend to command higher prices due to their appeal to expatriates and families prioritizing education. Additionally, the quality of local transportation links, including access to the M50 motorway and public transport options into Madrid, can enhance property values. Recent urban developments and infrastructure improvements, such as enhanced recreational facilities and shopping centers, also contribute to an increase in demand and subsequently home prices. Property age and condition play a role as well, with newer builds or well-maintained older homes typically achieving higher market values compared to those in need of significant repairs.

  • Are property prices in Villaviciosa De Odon higher than in nearby areas?

    Property prices in Villaviciosa de Odón tend to be higher than in some nearby areas, largely due to its appeal as a residential suburb close to Madrid. The town offers a more tranquil environment with green spaces and a family-friendly atmosphere, which can drive demand. For instance, average property prices in Villaviciosa de Odón can range around €2,500 per square meter, whereas nearby towns like Móstoles or Alcorcón might see average prices closer to €1,800-€2,200 per square meter. The presence of quality schools and amenities also boosts property valuation in Villaviciosa de Odón, distinguishing it from less developed neighboring areas. Additionally, the area’s historical charm and infrastructure improvements contribute to the higher real estate values compared to some of the surrounding suburbs.

  • What types of properties generally have the highest prices in Villaviciosa De Odon?

    In Villaviciosa de Odón, properties with higher prices tend to be spacious detached villas, especially those located in exclusive residential areas like La Berzosilla and Parque de Egido. These homes often feature large plots of land, premium amenities such as swimming pools, landscaped gardens, and modern interiors, appealing to affluent families seeking comfort and privacy. Luxury townhouses in well-appointed neighborhoods also command significant prices, particularly those with contemporary designs and proximity to schools and local amenities. Furthermore, properties with historical significance, such as renovated farmhouses or estates, attract buyers due to their unique charm and potential for restoration, often outperforming more standard housing options in the market.

  • What is the price range for apartments in Villaviciosa De Odon?

    In Villaviciosa de Odón, apartment prices vary significantly depending on factors such as size, location, and amenities. Generally, one-bedroom apartments can be found starting around €110,000, while two-bedroom units typically range from €150,000 to €250,000. Larger three-bedroom apartments often see prices between €200,000 and €350,000, especially in more desirable areas. Luxury developments or those with additional features like pools or upscale finishes can push prices even higher, reaching upwards of €400,000. For example, a modern three-bedroom apartment with a balcony in a central location might be listed at around €300,000, while similar properties on the outskirts could be found for around €250,000. Availability and demand can also influence the market, with some areas showcasing newer constructions that fetch premium prices.

  • How do the real estate prices in Villaviciosa De Odon compare to the national average?

    Real estate prices in Villaviciosa de Odón tend to be higher than the national average for Spain, reflecting its appeal as a residential area with a suburban feel and proximity to Madrid. As of recent data, the average price per square meter in Villaviciosa de Odón can range from €2,000 to €2,500, considerably surpassing the national average, which generally hovers around €1,200. The town is known for its spacious villas and family-oriented neighborhoods, contributing to its premium pricing. For instance, new developments with amenities like gardens and pools can be priced even higher, attracting buyers looking for a quieter lifestyle close to the capital. In contrast, more rural areas or less developed parts of Spain often see prices significantly lower than those seen in Villaviciosa de Odón, highlighting the demand and desirability of this particular area.