Volkswagen’s Gigafactory in Sagunto: 15,000 jobs and a booming real estate market
In 2026, Volkswagen will open a €3.5 billion gigafactory in Sagunto, Valencia, marking one of the most significant industrial investments in Spain, this factory, built by Volkswagen’s battery subsidiary PowerCo, will be a key part of the company’s electric vehicle production.
The factory is expected to create 3,000 direct jobs and an additional 12,000 indirect jobs, bringing the total employment impact to 15,000, this surge in jobs will not only boost the local economy but also transform the real estate market, attracting investors, developers, and property buyers.
Job creation and economic growth:
The Sagunto gigafactory will produce battery cells for Volkswagen’s next-generation electric vehicles, covering 200 hectares, it will be powered by a dedicated photovoltaic solar plant, ensuring sustainable energy use.
The initial workforce of 1,500 employees will double to 3,000 by 2030, while the supporting industries—logistics, manufacturing, maintenance, and services—will generate an estimated 12,000 additional jobs.
This makes Sagunto a new industrial and employment hub in Spain, the local government is already preparing for this growth by expanding schools, healthcare centers, and infrastructure to support the increasing population and the mayor has confirmed plans for two new schools, a new high school, and the expansion of the Puerto 2 health center.
Impact on the Real Estate Market:
With 15,000 new jobs, Sagunto will experience a major housing demand increase.
Here’s how the market is expected to evolve:
1. Rising property prices: The influx of workers and investors will drive up property prices, especially in key areas like Puerto de Sagunto, which is close to the factory and the coast. Prices for apartments and houses are expected to rise significantly in the coming years.
2. Higher rental demand: Many of the factory workers and their families will look for long-term rentals, creating an opportunity for property owners. Investors who buy apartments now could see strong rental returns as demand increases.
3. Growth of New developments: Construction companies and developers will likely accelerate new housing projects to accommodate the expanding workforce. Sagunto could see a surge in modern apartment complexes and family homes to meet the demand.
4. Increased commercial investment: The arrival of thousands of workers will also boost retail, restaurants, and services, making commercial real estate in Sagunto and Puerto de Sagunto more attractive for investors.
Why investors should act now:
1. Early movers will benefit the most – Property prices in Sagunto are still relatively affordable, but as 2026 approaches, prices will likely rise sharply.
2. Stable long-term growth – unlike speculative markets, Sagunto’s real estate demand is driven by real job creation, making it a secure long-term investment.
3. Strong rental yields – With thousands of workers needing housing, rental demand will stay high, ensuring consistent income for property owners.
Conclusion:
Volkswagen’s gigafactory in Sagunto is not just an industrial project—it’s a game-changer for the local economy and real estate market. With 15,000 jobs, rising property values, and increasing rental demand, Sagunto is becoming a prime location for real estate investment.
For those looking to invest, now is the time to enter the market before prices surge. Whether it’s buying apartments for rental income or investing in commercial spaces, the opportunities in Sagunto are too significant to ignore.
This version adds more insights into how the real estate market will change and why it’s a good time for investors to take action. Let me know if you want any further refinements!