Zaragoza Property Market and Real Estate Guide
(Zaragoza, Aragon, Spain)
Often overlooked by property buyers and renters in favour of Barcelona
, Zaragoza is a charming city with historical and cultural draws that are becoming increasingly well known.
Many expats choose to live in the remarkable historic centre with its ancient monuments, but property here, which is mostly in the form of apartments, is expensive. A better bet for those seeking cheaper accommodation, more space and less noise disturbance are the districts of Ciudad Jardin and Delicias, with the latter attracting University of Zaragoza students.
Currently, there is an oversupply of all kinds of property in Zaragoza, meaning that great deals can be had by investors. Buyers are in a good position to negotiate prices and can expect a healthy return once the market stabilises.
Popular among sun-seekers in the spring and summer months, Zaragoza sees temperatures as low as freezing in the winter, making central heating and double glazing a priority among many home searchers. The city airport receives low-cost flights from major cities in Europe, while Madrid and Barcelona's airports are both less than two hours away by high-speed rail.
Renting Serviced Apartments
Serviced apartments in Zaragoza are ideal for corporate visitors or those looking to stay for an extended period. There are several options in the city centre that offer modern amenities, including wireless Internet, kitchen, linen and breakfast. Typically, a deposit needs to be settled upon check-in.
Serviced apartments cost the equivalent of hotels of the same class. However, they usually offer greater space and privacy. Attractive reductions are made available to those staying a month or more.
Buying Apartments and Houses
Those who have never lived in Zaragoza are advised to rent property here before buying. You should plan on living in an apartment if you prefer to be based in the centre, while the suburbs offer properties with more space, gardens and even swimming pools. If you buy in the historic centre, be prepared for strict limitations regarding changes to the property.
After coming to a purchase agreement, both seller and buyer will sign a contract. This contract does not become legally binding until tax stamp and the appropriate seals of Zaragoza city have been affixed. While non-residents are able to purchase property here without problem, they should be aware they may become liable for income tax in Zaragoza, among other taxes.
Real Estate Agents
Realtor commission rates in Zaragoza vary and can reach up to seven percent. It is worth shopping around to find an estate agent with acceptable fees and who is an associate of the Zaragoza Real Estate Association before proceeding with any transaction.
Check out the following Zaragoza real estate agents:
Promoción y Venta Zaragozana S.L.
Address: P° Teruel N°1, Zaragoza, 50004, Spain
Tel: +34 976 23 8339
The Spanish-language website of this Zaragoza estate agent lists a number of attractive local properties for sale, including upcoming developments.
Address: La Paz 4, Zaragoza, 50008, Spain
Tel: +34 976 46 8626
Offering a superb selection of apartments for rent and sale in Zaragoza, including new and old constructions.
Address: Calle Tomás Bretón 14, Local 7, Zaragoza, 50005, Spain
Tel: +34 976 11 1411
This is the perfect estate agent for those looking for home in the rural villages of Aragon, including those surrounding the city itself.