Is Valencia the new place to set up home and invest in property? There’s every reason to believe so! In the midst of a renaissance, the property market in Valencia has seen prices rise year on year, both for buying and renting. So is it worth investing when you’re an expat in Valencia? The answer is a resounding ‘yes’!
Lower prices
Compared with its big sisters Madrid and Barcelona, Valencia still has a low price tag. In concrete terms, you can expect to pay around €2,000 per m² to buy a property, a price that, frankly, gives pause for thought given the city’s potential. Renting, on the other hand, is a different kettle of fish, with demand far outstripping supply – something to bear in mind when planning your move to Valencia. Finding accommodation for less than €800 a month is a real challenge, especially if the property in question is well placed and renovated. And every year, rents soar, with increases of up to 10% in some areas.
But Valencia isn’t just about numbers… Thanks to its ideal geographical location, sunny climate and unrivalled quality of life, the city is attracting more and more residents and investors, which bodes well for future expats in Spain. Not forgetting the student rental market, boosted by its many universities, which still offers great opportunities. In short, Valencia has all the makings of a great city, without the exorbitant prices of overcrowded metropolises. A word of advice? If you’re looking for a place to invest your money in property, Valencia is well worth a visit.
The key stages of a successful property investment in Valencia
Contrary to what you might think, investing in property is not just a question of money; it’s above all a matter of strategy and methodology. Follow the thread!
Targeting expectations
It all starts with a precise definition of what you’re looking for, and here we need to get things straight: what type of property do you want, in what area, with what budget, and how available are you for viewings. Let’s also talk yield, especially if you’re looking to invest rather than just buy a pied-à-terre. As you can see, good preparation is the key to avoiding unpleasant surprises and making the most of your time and energy!
Preparation and active research
Once you know what you want, it will be easier to select properties that match your criteria, because they have been defined in advance. Next, refine your selection and organise the visits.
Visits and decision-making
Time for action! It’s time for the viewings, and you need to go over everything with a fine-tooth comb: condition of the property, charges, negotiating possibilities, etc.
Managing formalities and procedures
Have you fallen for a particular property? Perfect, but now it’s time to tackle the administrative formalities. As an expat in Valencia, you have everything to gain by using the services of a French-speaking lawyer, who will make sure that everything is straightforward: no hidden defects, no legal and/or tax problems… In Spain, having a lawyer is essential, for the simple reason that the role of the notary is more limited than in France.