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Valencia : History of Money in the Prehistoric Museum of Valencia

Due to COVID-19 – this month we would like to illustrate the different formats of money used in the five continents over the course of history. All have served as means of payment or as measure of value. Coins, as we know them today, appeared in the late seventh century BC on the Greek coast of Asia Minor and have been the most widespread form of money ever since, dominating economic circuits until the introduction of banknotes in the seventeenth century and credit cards in the twentieth.

The areas of the exhibition offer a broad overview of the history of money. The tour begins by presenting unique Valencian Coin Treasures such as those found in Lliria, consisting of about 6.000 Roman denarii, the extraordinary treasure of the Islamic Calle Santa Elena (Valencia), consisting of 1.940 Gold pieces dating from the late eleventh century, and the Requena, comprising 223 Spanish Gold pieces from the eighteenth and nineteenth centuries. A selection of four exceptional pieces allow visitors to contemplate the finest Valencian coin art; an Iberian drachma from Arse, a Roman as from Valentia, a timbre from the reign of Alfonso the Magnanimous and a ducado from the reign of the Catholic Monarchs coined in the mint of Valencia.

Cases at the beginning of the wall explain the origin of coins, alongside the most representative issues of Greek and Roman times. This chronical approach turns into a thematic one in which coins and banknotes are discussed from a variety of perspectives – manufacturing, metrology, values and formats, and monetary policy – with special attention to the designs and to the phenomenon of counterfeiting. The room includes a recreation of a seventeenth-century mint as a teaching resource for understanding hammer minting, a process that was used for about 2.500 years. Hammered coinage appeared in the seventh century BC and continued until the seventeenth century, when the mechanisation of the process became widespread.

The opposite side of the room focuses on varied forms of money from different periods and cultures. In a large case, objects used as money are sorted from the materials used in their production. Other cases show forms of currency such as tokens or vouchers, and items used as money by the traditional societies of Africa and Oceania. In this part of the exhibition the custody pf money and savings is illustrated by a nineteenth-century safe used by the Provincial Council of Valencia. A recreation of a vintage bank from the early twentieth century stresses the significance of banks and a cash register of 1911 reminds us of their importance in everyday transactions. Finally, four cases in the corner cover varied topics related to numismatics such as medals, accounting, and non-economic uses of money

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Valencia: Brexit Passport Rule Changes after 31 December

British people travelling with the European Union should be aware passport validity rules will change after December 31st because of BREXIT. From January 1st, 2021, travellers may need extra months of validity on the crucial travel document or to renew their passport before their journey. The EU will consider the date of exoiry to be 10 years after the document’s date of issue. This could mean a passport issued on June 2011 could appear to be valid until March 2022. Many people are said to be unaware of the change are advised to check their passports. Please check with the website: >gov.uk/livinginspain< tobe made aware of any changes and to visit:>www.gov.uk/visit-europe-1-january-2021< for travel advice. Time being you do not require a visa and you may need to renew your passport earlier if you are travelling from Jan 1st 2021.

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NOTHING WILL CHANGE, time being…..

The UK has left the EU. The withdrawal Agreement contains some really important protections.

  • You will be able to continue to live and work in Spain
  • UK state pensioners will continue to have lifelong healthcare as long as they remain living in Spain, at least until end 2020, this would include who claim a UK state pension.
  • Your UK state pension will continue to be uprated.
  • You will be able to exchange your driving licence until the end of 2020.

This withdrawal Agreement also provides an Transition Period until end 2020 during which time nothing will change for UK Nationals in Spain. It provides reassurance on key rights, such as being able to continue to live and work in Spain, and probably for pensioners to have healthcare and uprated pensions. You have obligations, the main thing that you are registered with a green residency certificate, at least until end 2020.

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VALENCIA – The Capital City amidst the likes of London

VALENCIA, last year, has cracked the Top Ten list of European Cities most referenced on foto-based webs. With over 500 million users www, this platform has turned into a reference for people wishing to share all kinds of snaps, from artistic compositions to simple selfies. Travel websites put together a rancking with the top 10 European cities. London appears first in this listing followed by Paris, Rome, Berlin, Amsterdam, Lisbon and Hamburg….and Valencia with over 14 Million Valencia appearances. Furthermore the upcoming Fallas should entice the millions of people who crowd the city for four days to add quite a few more over the weekend and into the following weeks.. Welcome to Valencia  !

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What’s happening in Spain ?

 

We note what’s been happening in Spain from the latest Spanish Property Insight report – it’s dot com; do take a look. We quote a little. If you are active here, do check out the report at the site. ‘There continues to be concern at the apparent reduction of buyers’ interest. However, as with the number of agents, there are now so many developments to choose from that though there may appear to be a reduction in the number of buyers, when all are totalled, the actual numbers may not have reduced significantly.’

 

‘As this is being written, we still don’t know if there will be a deal or not. The treatment of UK passport holders in Spain will mirror the treatment of Spanish resident in UK. Fortunately, we do not see the xenophobia in Spain that is reported in UK, but we still may be penalised for it.’

 

‘Every time there looks like being a deal, the exchange rate ‘improves’, to the benefit of holders of sterling. The ‘rollercoaster’ still has many more rises and falls! Many buyers and sellers will be delaying until they know more of what’s happening. Brexit affects many economies throughout the EU and beyond. Its effects will be felt by the world economy, when indicators are already showing the possibility of another recession.’ 

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OFF-PLAN

Off-Plan Savvy

 

Before committing to an off-plan purchase, you need to do your homework. ‘Find out as much as you can about the property. This includes architect plans of the property itself and the development as a whole; price lists for the different types of property; lists of materials and specifications; and whether it’s possible to change the standard specification, i.e. room layout, fixtures and fittings, finishes and colours.’

 

‘Check the plans of the property carefully. On a scale drawing, it’s difficult to imagine the actual size of the rooms. Look at the show house comparing its actual sizes with what you’ll be getting based on the scale drawings. Check the list of specifications and exactly what these include. The list should be comprehensive, right down to the materials used for roofing and pipes and the colours of walls, doors, windows and tiles.’

 

‘Check the orientation of the property. To secure a sale, a sales representative will often happily promise you sea views, for example, but you can only be sure of this if you check the plans of the whole development to find out where your property lies in relation to the sea.’ More? Email back if you are interested further for the full piece.

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Savills Report : Valencia – Spain

Valencia / Spain – A BRIGHTER FUTURE

Spain is the second most-visited country in the world after France. From its wonderful food and climate to its vibrant cities, culture and history, there are many reasons why people move to Spain for a more permanent stake in the country.

The hardships faced by Spain following the Global Financial Crisis are now in the past. The future looks bright as the country’s property market registers increasing numbers of transactions, steadily growing prices and more construction.

Following nearly a decade when practically no residential homes were built, construction activity is increasing. This is mainly in the key cities, but also across the country. This is forecast to increase as more residential permits are granted.

There is growing interest from international buyers, especially from countries in Latin America that share cultural and historical links with Spain.

In a global context, Spain’s prime city markets offer value for money and more growth potential than other world cities.

The country’s status as a top visitor destination, coupled with the high-quality life and low cost of living it offers, will continue to attract buyers and underpins Spain’s lasting appeal.

Valencia

Valencia is Spain’s third largest city, the home of paella, famous for its beautiful beaches and buildings, and just an hour and 40 minutes by high-speed train to Madrid.

Residential property prices are significantly lower than those in Madrid and Barcelona, which serves to attract investors looking for good rental returns.

Price growth has been slower than some other regions of Spain, with values rising 17.5% during the past five years. Yet, transaction numbers have doubled, indicating an active market. Residential development activity is increasing, a sign that confidence has returned to the market. New building permits being granted suggest this trend will continue.

 

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We always work with a legal Notary….

Spain is still very popular .  And now’s the time when many are in Spain with money burning a hole in their pocket! So, let’s re-run a piece ……..

 

Know Your Rights

Before they start their overseas property search, buyers need to know what their rights are and what will be needed from them during the sales process. They need to know about all costs and taxes related to the property purchase as well as social security rights, personal tax implications, education rights (if they have children) and employment rights.

Ask about the community charge; maintenance costs must be considered especially when buying within resorts. Also ask about the property developer and their portfolio. Even if you are buying a resale property, you will be able to access more information about the quality of the developer’s work.

 

Beware The Warning Signs

The warning signs to avoid when viewing property overseas are many. The conditions of the community – When buying a property within a community, even more important than the condition of the property itself is the condition of the communal areas. A healthy community will always keep the value of your property while an unhealthy community could decrease the value of your property significantly.

Off-plan properties – always ask for the background of the developer and view the show house. Would you buy a car from a manufacturer that has never made one? Don’t be rushed into the buying process. Be alert! For example, when the developer won’t even hold the property as reserved for one day, take that as a warning sign.

 

Take Advice

From a property perspective, the most common mistakes include buying on impulse; ‘falling in love’ with a property and buying it without assessing the pros and cons, simply because it was a great day. Not knowing the area. Many buyers of second homes know nobody in the area except for the seller of the property or the estate agent. Forgetting about the community charge. Maintenance costs that must be considered even though buyers may not be there for most of the year.

 

Once you have found the property you want to buy,  get involved in the conveyancing process,  the conditions you have agreed e.g. property, price, completion date. Liaise with all the different parties involved (agents, vendors, developers).  Then before a Notary sign all legal documents.  The process of buying a resale property takes between four to six weeks and off-plan property depends on the stage of the construction; it could be between six and 12 months

Are you buying in Spain? Drop us a line. We always and only work with a legal Notary.

 

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Spain – Time to buy…….

Spain – Time To Buy Soon

We suggest that Spain may be a good place to buy into soon. Here’s what we say. ‘The Spanish property market certainly suffered in the 2008 financial crisis – but that is now a thing of the past. Things are looking up for investing in property here for a number of reasons, and despite issues such as Brexit, UK investors can still benefit enormously from buying property here. 2020 could be the perfect year for you to invest in property in Spain.’

 

‘It’s official – Spain’s property market is on the increase. According to a recent property market report, residential property prices rose an average of 6.7 per cent across Spain. 2018 was the fifth consecutive year of increases in property values.’

 

‘One of the issues that is certainly hanging over British investors buying property in Spain is the issue of Brexit. As this fraught political issue continues to remain unresolved, a great deal of uncertainty has been created – and of course, uncertainty is never a good thing for those interested in investing their money. It may be the case that by 2020, Brexit will have been resolved. If this does happen markets may begin to stabilise, and there will be far less volatility, for example in currencies.’ More to come.

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VALENCIA – Inspite Brexit – Property Prices in Valencia have risen

Residential property prices in the Spanish port city of Valencia have risen by almost 17 %.

Valencia, situated on the southeast coast and most famous for being the home of paella, is Spain’s third largest city after Madrid and Barcelona, with some 800,000 inhabitants.

It plays host to many arts-related attractions and cultural venues, including Ciudad de las Artes y las Ciencias (a huge, state-of-the-art science complex set within a landscaped garden with a huge aquarium and IMAX screen), the Central Market of Valencia, Valencia Cathedral, La Lonja de la Seda (an impressively grandiose 15th century building) and L’Oceanogràfic (a vast aquarium with sharks and a dolphinarium).

It’s also home to the 55,000-capacity Estadio de Mestalla, the ground of Spanish giant Valencia CF since 1923.

“In 2018, sale prices for residential property rose by 17% compared to the previous year.”

“Underlining the fact that Valencia is one of the up-and-coming regions, after The Balearics and Canaries, and is also one of the most popular locations for international buyers.”

This strong demand from international buyers includes French, German, American and Chinese purchasers eager to invest in renovated properties either for rental or as a capital investment, with the most exclusive properties located in Valencia’s city centre.

Families tend to have a preference for luxury houses here with several bedrooms. The central district of L’Eixample, for example, is one of the city’s most expensive locations, with prices of up to €4,100 per m2

Particularly sought-after are modern freehold apartments and large villas directly on the coast or with sea views, where top prices of up to €6,400 per m2 were achieved in 2018. The area of Ciudad de las Artes y las Ciencias (the City of Arts and Sciences), with its international flair and a rising reputation, is also one of the most desirable and modern areas to live in Valencia.

Currently, the market in Valencia is dominated by national buyers, who account for roughly 75% of all sales. The remaining quarter of clients hail from France, Russia, the UK and Italy, with investors from overseas most interested in exclusive villas and freehold apartments for use as second homes.

More growth moving forward

The residential property market in Valencia will continue to see positive growth, according to Villasvalencia, with the rise in demand from international and national prospective buyers remaining consistently high.

“We anticipate that property prices will continue to rise year-on-year, especially in the centre of Valencia” .

We have more information about the residential property market in Valencia.

 

 

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Brits buying in Spain

We note, from a new report from Property Guides that  55 per cent of Brits considering buying property in Spain ‘aren’t worried about Brexit affecting their future.’

The most popular regions are the Costa Blanca (42 per cent) and Costa del Sol (38 per cent). Former popular regions are proving less popular right how – the Balearics (8 per cent) and Canary Islands (13 per cent). Others are more popular, including Valencia (17 per cent) and Costa Almeria (31 per cent).

‘It’s quite easy to see that, in spite of Brexit, British people remain determined to pursue their dream move to Spain. Even faced with the uncertainties around the process, such as the strength of the pound and healthcare access, many have an unshakeable confidence that they will still be able to enjoy a high standard of life.’

‘Simply put, the lure of the beautiful weather and a healthy retirement offered by Spain is too strong to be dampened by Brexit concerns, especially among retirees. Many of the people planning a move to the country will have been doing so for years, so it will take a monumental shift in the status quo to make them think twice about investing.’

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Spain : The world`s healthiest country

The Mediterranean diet helps residents to live longer. – Spain has in fact taken over from Italy. Spain has risen from sixth place in the last assessment published 2 years ago to reach top spot. Eating habits have been signalled as one of the main factors in the good health rnjoyed by residents in the country.
“Mediterranean diet, supplemented with extra-virgin oil and/or nuts, had a lower rate of major cardiovascular events than those asigned to a reduced-fat diet”

Spain has the highest life expectancy at birth among European Union nations and trails only Japan and Switzerland globally according to UN.

By 2040 the country is forecast to have the highest lifespan, at almost 86 years, followed by Japan, Singapore and Switzerland. They highlight a decline the past decade in cardiovascular diseases and deaths from cancer in Spain. It also takes into consideration environmental factors including access to clean water and sanitation.

5 other European nations were amongst the top 10 in 2019:

Italy (2. place)  Iceland (3rd)  Switzerland  (5th)  Sweden (6th)  Norway (9th) with the UK back  (19th) and Ireland (20th).   –  Japan was the healthiest Asian nation, jumping 3 places from the 2017 survey into (4th). Australia and Israel occupied (7th) and (10th place) respectively

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About Us

Villas Valencia offers properties in Valencia at Spanish prices. What`s more, we don`t charge the buyer (as most other agencies do). We are an English locally run estate agent company dealing with properties in a picturesque area around the city of Valencia.

Testimonials

You are the only agent we dealt with your knowledge of the area and the buying process left us at ease that everything would be taken care of. - Mr & Mrs P, in Naquera

Your advice was clear and brilliant. You completely understood our requirements and objectives, facilitating our new purchase. Thank You! - Mr L, Now living in Lliria

You offered a great service from start to finish, clearly explaining all our options and helping speed everything through. You translated everything we needed quickly.

- Mr T, Second home in Montroy

Villas Valencia was fantastic and exceeded my expectations. I will and have recommended you to others. Thank you for all your referrals for building work. We love our new pool! - Sean, house in Rocafort

Thank you for all the help buying our property in Valencia. With so much to think about, you explained everything well and made it all very easy. Cant wait to move out there fully and enjoy a G & T on our balcony with you.

- Ben, house in Naquera

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