New buildings in Bilbao
City on the map
Bilbao is a city in northern Spain, in the autonomous community of the Basque Country. Located at the mouth of the Nervion River, the suburbs overlook the coast of the Bay of Biscay. Bilbao has two official languages - Spanish and Basque.
Why is it profitable to buy an apartment in a new building of Bilbao?
Bilbao is an important seaport and industrial center of Spain. The close distance to the sea, the location at the mouth of the river are factors that are strategically important for the development of the city. The port, located on the banks of Nervion, was relocated by decision of the authorities downstream to the coast of the Bay of Biscay. Thus, space was freed up for new buildings by the river.
The key sectors of the economy of Bilbao are steelmaking, energy, machine tools, electronics, information high-tech industries. At the same time, heavy industry was moved from the city center to the outskirts. Proof of the success of urban transformation - the title of the best European city (awarded in 2017).
Many authorities in the field of architecture and design have been invited:
the metro project belongs to Norman Foster, that combined functionality and comfort,
an eco-tram that glides silently on a real lawn - the result of the work of the Basque team,
the airport and the Zubizur pedestrian and bicycle bridge over the Nervion River, the brainchild of Santiago Calatrava,
the whole block of old wine warehouses was reconstructed according to the project of Philippe Starck into a multifunctional complex, where non-standard design solutions were applied.
New interesting buildings and unusual bridges are being built. Now in the country and in the world, such a concept as the "Bilbao effect" has come into use. This is sometimes referred to as the effect of a good mayor or the role of the individual in history, in this case the history of the city.
It has an oceanic climate with mild winters and warm summers. Snow falls for a short time, in summer there are very hot days due to the south wind from Africa.
Bilbao has various public transport: trams, buses, metro system that goes to the main points of the city and to nearby beaches. Bilbao is connected to the surrounding area by a network of commuter railways. It is the first city in Spain to use larger double-decker buses as urban public transport since January 2011 in order to reduce the number of vehicles on the line and, as a result, reduce air emissions. To observe the panorama of the city, you can take the funicular, which will take you up to Mount Archanda, from where you can enjoy the most beautiful views. Bilbao has an international airport which is 10 km from the center.
There are two higher education institutions in the city: the University of Deusto and the University of the Basque Country.
Real estate in Bilbao in the new buildings is quite inexpensive, and in general the cost of living here is lower than in many other places in Spain, probably because Bilbao is getting rid of the image of a non-tourist city gradually. This process in the minds of tourists, buyers, investors will take some more time. Bilbao offers a high return on investment in the not too distant future at a significantly lower cost.
The demand for residential complexes in Bilbao is great, and it is far from being satisfied. Sale of apartments from developers is carried out in black frame condition and on a turnkey basis. Standard European quality is confirmed by customer reviews. The assortment of housing under construction is diverse, new buildings in Bilbao from the developers are made using modern technologies.
It is possible to buy an apartment from a developer in Bilbao at a relatively low cost, taking into account the prevailing prices in the Spanish and EU markets. The minimum price per square meter of area completed in black frame condition (according to the information of the GEOLN.COM search engine) is 2,965$.
Acquisition of an apartment in Bilbao from a developer by foreign citizens
Foreign buyers can buy an apartment freely. There are no restrictions or special conditions for them.
Highlights of the city
- the Guggenheim Museum;
- Basque Museum;
- art Museum;
- the maritime museum;
- Euskaldun's palace;
- Palace of the Provincial Council of Vizcaya;
- funicular Artxanda;
- Plaza Nueva or New Square;
- Biscay Bridge;
- Campo-Volantin bridge;
- Church of St. Nicholas;
- Cathedral of St. James;
- Basilica de Begona;
- Arriaga Theater;
- entertainment complex Alodinga;
- Concordia station;
- San Mames stadium;
- Doña Casilda Iturrisar park and much more.
Purchasing an apartment in a new building in Bilbao is an investment in growth, since the city is promising, intensively and thoughtfully developing, the purchase price of housing is relatively low, in the medium term, prices will rise here, including rent. Besides, this city is simply interesting to live in.
Prices per sq. m. in popular districts of Bilbao
|Abando||10025$ / m2|
|Begoña||3250$ / m2|