Valencia, third city of Spain in luxury properties investors preferences
15 February 2018
“Valencia has become the third city of Spain in the preferences of foreign investors, after Madrid and Barcelona” says Monserrate Real Estate Agency chief manager, Camilo Sanabria. Why do international investors decide to invest in Valencia? “Either for luxury villas & houses or more affordable properties there are many reasons to choose this city to invest in real estate”. To start, “prices in Valencia have had almost no increases in 10 years”. Real Estate in Valencia was badly hit by the global downturn, with prices dropping 30-50 per cent. In 2014 the property market in Valencia seemed to bottom out, with prices remaining flat throughout 2015, then beginning to rise slowly in 2016. but are still far below 2007 levels according to property portal Idealista.
In other way, Invest in Valencia “means to settle down in an area where you can find first level international schools as well as universities such as the Universidad Politécnica of Valencia and prestigious schools as the IE and IESE, all of them world leaders in various disciplines”. In Valencia, entrepreneurs are going to find all services as lawyers, engineers and technologic hubs to develop their businesses.
Monserrate, Valencia’s Premium independent real estate agency is specialized in luxury villas & houses for sale and rent. “This is one of our main targets -says Camilo Sanabria-. Our properties selection includes very valuable luxury villas, houses and apartaments in the best areas of Valencia and its surroundings, at very competitive prices compared to the main mediterranean capitals”. It’s easy to find many developments outside the city, with high level in quality of life, with international schools, sports clubs and golf courses which make this places so perfect for families. “Los Monasterios, where we started our passion for real estate and construction in the 90’s, has no comparable in terms of security, schools, amenities, landscapes, distance to a medium size city, and prices, from North to South of the spanish mediterranean coast.”
Foreigners are increasingly valuing the quality of life Valencia offers. The area is known for some of Spain best weather with nearly one year round sunshine. The city has the best connections by air and railway with the Ave, as by car. The airport operates flights to major european capitals, with direct connection to Frankfurt, Amsterdam, London and Paris. And in1 h 40 ‘ on the high speed to Madrid. Valencia has a great offer for business, gastronomy, leisure and the proximity to the Balearic Islands and the beaches of Alicante.
“In the last years Valencia has become a charming city, as Madrid and Barcelona are, but more affordable and comfortable for a living: less traffic, shorter distances between work and home and so on” points out Camilo Sanabria. Besides, foreigners can enjoy all the attractive Valencia offers, such as the best places for shopping and walking around in the city, great night life, best restaurants, cinemas and theaters.
According to the data published by the College of Registrars of the Property of Spain, for the first part of year 2017, Valencia is being consolidated as the third autonomy with greater weight of home-buying by foreigners, after the Canary Islands and the Balearic Islands, and has doubled the national average with a 25.5% foreign share.