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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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.

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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

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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.

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