Luxury apartments in Valencia, a growing market

The number of luxury home buyers in Spain increased in 2017 and Valencia is the city that is taking advantage of this interesting growth the most.

This year's numbers for the luxury apartment market are really positive in Spain. In addition to foreign investors (who represent 14% of total real estate transactions), national buyers are now also starting to turn to high-end homes.

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The National Institute of Statistics ( INE ), during the last 18 months, has registered an increase in the sale of flats and chalets with a value of more than 900 thousand euros. Globally, the sale of luxury apartments in Spain has increased by almost 30% since 2016. A really positive result at the national level that hides very interesting records at the local level. These are the highest results recorded in the national territory:

1. Valencia + 104%

2. Costa Brava + 37%

3. Madrid and Marbella + 32%

4. Ibiza + 24%

The data reveal that Valencia is the city most sought after by investors . Here it is possible to acquire luxury homes and chalets quite simply, compared to other large European cities. In addition, its high quality of life offers opportunities for both seniors and young people and university students. All this without forgetting its efficient airport and its proximity to other places of tourist interest and fast connections, through the AVE, with the main cities of the country. Tourists and travelers come to discover the great heritage of art, culture, nature and gastronomy of the ancient city of El Cid and Jaume I.

Why buy luxury apartments and villas in Valencia

Image source: NaiBann

It is evident that, for businessmen or people with high purchasing power, buying a high standing apartment in Valencia is very profitable . We are not talking only about the capital, if not about the entire Valencian Community. The two airports of Manises and Alicante, the daily connections with the Balearic Islands and the network of roads, highways and motorways, make this territory an ideal place for everyone.

This growth in the luxury housing market in Valencia (and in Spain) is due to three crucial factors .

Above all, the ease of obtaining financing with respect to other countries of the Old Continent. For years, our country has become the main target of investors from Northern Europe . Germans and English, especially, but also businessmen or individuals from Holland, Switzerland, Scandinavia and Russia .

Second, the high profitability of luxury apartments for rent . In fact, the new owners have learned that buying a luxury home means making a very profitable and safe investment, being able to take advantage of the new wave of international tourism . The crisis in the Middle East and terrorism are pushing travelers from all over the world to the closest Spain, quiet, safe and affordable.

New real estate investors choose Valencia

The port of Valencia ( Wikipedia )

To all this must be added the new investor profile from Asia. Thanks to the approval of the Entrepreneurs Law ( Law 14/2013, of September 27, to support entrepreneurs and their internationalization ), the possibility of obtaining a Golden Visa represents an interesting opportunity for many buyers from countries such as, for example , China.

Attracted by the cultural wealth and natural beauties of Spain, international investors decide to invest in luxury apartments in Valencia or other cities for short periods . By renting these homes the rest of the year, they have the possibility of recovering the investment relatively quickly.

Valencia is very popular for its small size , a sunny climate basically throughout the year and for a series of services perfect for people used to living with all the comforts.

Marinas for private boats and yachts, golf courses, spas and spas embedded in a territory rich in green areas, castles and unmissable panoramas . The white sand or rocky beaches stretch out in front of crystal clear waters. Here it is possible to buy a drawing penthouse with a sea view or a house with a pool within walking distance of everything. Museums, supermarkets, leisure centers, discos and renowned restaurants.

How to buy luxury apartments in Valencia and nearby

A view of the Sierra Calderona, 15 km from Valencia ( Flickr )

If you are thinking of buying a high standing home in the capital of the Valencian Community , you have to take into account these 4 crucial factors:

• location (and views)

• size (and maintenance costs)

• state

• distribution

To ensure the maximum return on your investment, it is essential to find the best possible balance between these elements. For example, an apartment on Calle Colon, Calle del Poeta Querol or Calle Cirilo Amorós , is surely ideal, from a position point of view. However, if you want to read a book with a glass of red wine, breathing in the sea breeze, then a luxury penthouse on Avenida de Franci a or directly on the sand of La Patacona , near Alboraya , is more suitable .

If you need more space, you dream of a garden for your pets, the ideal is to move to the surroundings. Towns such as Mas Camarena, Torre en Conill, La Cañada, Godella or also in El Vedat de Torrent or Serra . All locations very close to Valencia, where you can buy houses or chalets between 400 and 1000 meters of surface.

Be careful with the state of the property. When investing in a luxury apartment or house in Valencia, the transparency of expert professionals will ward off unforeseen events and surprises related to eventual reforms or urgent works. If you want to save time and avoid problems, it is best to trust companies like OI Realtor that will always guarantee the best possible solution.

Our experts will also help you choose the characteristics and distribution of the apartment (number of rooms, bathrooms, type of kitchen, elevator, high ceilings, terraces, acoustic insulation, orientation and light, home automation services , garages ...) or to hire a concierge or services 24 hour surveillance.

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