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Almería Leads Revaluation in Andalusia: Vera Sees a 72.9% Price Surge! (October Market Update)

The latest data from the Fotocasa Real Estate Index confirms that the second-hand market in Almería province is not only staying strong but is experiencing explosive growth in key areas.

Andalusia saw a year-on-year increase of 20.2% in October, and Almería is the second Andalusian province with the largest annual increase (14.3%), right after Granada (15.1%).


New development in Vera - Miramar Hills
New development in Vera - Miramar Hills

The Municipality with the Biggest Price Explosion: Vera


The municipality of Vera has cemented its position as the star performer in the province and across all of Andalusia in terms of second-hand home revaluation:


  • Vera: Experienced the largest year-on-year increase across the whole of Andalusia, with an incredible 72.9% rise.

  • Cuevas del Almanzora: Follows closely in the province with a highly significant increase of 33.8%.


This remarkable growth in Vera far surpasses the second-highest rising Andalusian municipality (Salobreña, Granada, 52.9%).


Las Sierras Apartments - Desert Springs Resort, Cuevas de Almanzora
Las Sierras Apartments - Desert Springs Resort, Cuevas de Almanzora

Average Home Prices and the Provincial Capital


While Almería leads in growth, its prices remain competitive compared to other Andalusian provinces, offering excellent investment potential:


Province

Average Price / m2

Provincial Capital

Average Price / m2

Málaga

€4,351

Málaga

€4,195

Granada

€2,429

Granada

€2,899

Cádiz

€2,249

Cádiz

€3,141

Seville

€2,056

Seville

€2,740

Almería

€1,579

Almería

€1,828

Huelva

€1,637

Huelva

€1,656

Córdoba

€1,554

Córdoba

€1,906

Jaén

€1,024

Jaén

€1,596

The capital of Almería itself experienced a healthy year-on-year price increase of 7.4%.


Soto Golf II - El Toyo, Almería city
Soto Golf II - El Toyo, Almería city

Current Opportunities and Market Liquidity - Vera


The market's dynamism is reflected in the current property offerings in the municipality of Vera, demonstrating both volume and diversity:


  • There are currently 685 houses and apartments for sale listed on idealista.

  • Prices range widely, from €43,000 up to €2,100,000.

  • The inventory is composed of 418 apartments and 267 houses/villas.

  • Popular Price Segments:247 properties are priced between €100,000 and €200,000, and 192 properties are priced between €200,000 and €300,000.

  • There are also 10 properties listed over €1,000,000.


Sweetwater Island - Desert Springs Resort, Cuevas de Almanzora
Sweetwater Island - Desert Springs Resort, Cuevas de Almanzora

Your Partner for Investment in Almería: Andamara Partners


The high growth rates in areas like Vera and Cuevas del Almanzora underscore the need for expert local guidance. Andamara Estates and Move to Almería offer a 360-degree solution to help you capitalize on the region's explosive growth:


Our Comprehensive Services for Property Buyers


  • Property Search and Acquisition: We offer personalized searches, accessing both advertised and off-market properties (including new developments), focusing on high-growth areas like Vera and Cuevas del Almanzora.

  • Legal and Financial Due Diligence: Our multidisciplinary team handles the thorough review of contracts and performs the necessary urbanistic, registry, and tax checks to ensure a secure purchase.

  • Full Buyer Assistance Package: This includes the preparation of the Power of Attorney and the management of crucial paperwork like obtaining your NIE (Foreigner Identification Number), reviewing contracts, assisting at the notary, and handling post-purchase administration.

  • Relocation Integration (Move to Almería): For a smooth transition, we offer essential services like:

    • Fiscal and Legal Advisory: Guiding you through non-resident tax obligations and property taxes (IBI, IRNR).

    • Utility Setup: Managing the transfer of water, electricity, and internet in your new home.

    • Expert Connections: We connect you with trusted partners for currency exchange, mortgages, and removal services, optimizing your investment from the start.


Andamara Partners is your gateway to capitalizing on the explosive real estate growth on the Almería coast.


Are you ready to secure your high-potential investment in Vera or Cuevas del Almanzora?

Luxury Villas Residencial Maren - Cala Panizo, Cuevas de Almanzora
Luxury Villas Residencial Maren - Cala Panizo, Cuevas de Almanzora

 
 
 

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