Apartments and flats for sale in Valencia (province)

Apartments for sale in Valencia

The number of foreigners buying apartments in Valencia grows every year, as the region is quite investment-attractive and offers a rich choice of properties at the best prices. The place appeals to foreigners to stay with their family members or spend holidays, resell properties, receive passive income from renting out. Anyone interested in relocating to the country can explore different options on both the primary and secondary markets. 

Valencia, located on the coast, has direct access to the Mediterranean Sea and is second only to Barcelona and the capital of Spain, Madrid, in the number of locals (about 800,000 people). Over 5 million people live in the province, and up to 8.5 million tourists come here every year. Foreigners admire local sights of interest: Miguelete Tower, the Cathedral, the Torres de Serranos, the House of the Silk Weavers Guild (La Lonja), etc. The province has a Biopark, a City of Arts and Science and an Oceanographic Park making the resort an excellent place to spend holidays and stay with children.

The local climate is warm in winter: the temperature does not drop below +15 °C, and the number of sunny days per year can reach 300.

The prices of apartments for sale in Valencia are average, and the yield exceeds the national average and can reach 9% in modern complexes with a long-term lease (when considering a short-term lease, you can get up to 15% per annum). According to the increase in apartment prices, the city ranks third arousing the interest of different categories of investors: couples with children, businessmen and pensioners. This place is perfect for families and those who lead a measured lifestyle. During the tourist season, this place is full of life, while it is quiet and serene the rest of the year, which allows you to engage in outdoor activities such as golf, kiteboarding and visiting nightclubs and casinos. According to the New York Times, Valencia is one of the cities that tourists should visit in 2024.

If you receive a residence permit to invest in Spanish real estate, you must own your property to renew this document. Moreover, you should think in advance whether you need to get a permanent residence permit. If so, you will not be able to leave the country for over 183 days for 5 years, and you will need to prove that you have a stable legal income. One of the advantages of obtaining a golden visa is various social benefits and the right to get a job. 

It is best to buy an apartment in Valencia in the following places: 

• L'Eixample is an elite community with high-rated schools, fine restaurants, office centres and modern housing within a 5–10 minute walk from the downtown.
• El Pla del Real is a respectable district with numerous green areas, restaurants, hospitals, 2 metro stations and bus stops. The city centre is 7 minutes away, and the beach is 15 minutes away by car.
• Ciutat Vella is an old centre with a cathedral and secondary housing in a traditional Spanish style. Narrow streets, cosy atmosphere, authentic markets and artisan shops are ideal for creative people.
• Quatre Carreres is a place with new buildings, Gulliver Park, botanical garden and Ciutat de les Arts i les Ciènces.
• Poblats Maritims is a district on the coast with a developed transport system and affordable properties.
• Jesús is a safe area with reasonable prices and a large number of expats.
• Rascanya is a 20-minute drive from the sea and 10 minutes from the city centre. It consists of gated communities with swimming pools, fitness rooms and other amenities. There is also a shopping mall, a stadium, a metro station, a park and a supermarket.

Reasons for investing in an apartment in Valencia

When considering the idea of purchasing a property in Spain, you should take into account the up-to-date prices of apartments in Valencia for investment, transaction costs and property ownership:

• At the beginning of 2024, the cost of an apartment in Valencia, Spain, is from €1,519 per 1 m² in the suburbs and from €2,738 per 1 m² in the downtown. Prices have increased by an average of 6.22% over the 12 months.
• Luxury real estate is located in L'Eixample, and the most affordable offers can be found in Pobles del Nord. It is more profitable to invest in properties in El Pla del Real, Ciutat Vella, Camins al Grau and Algirós, where the price starts at €2,245 per 1 m².
• The most popular for long-term rental is housing of about 113 m². It is better to choose studios and 1- and 2-bedroom residences to generate passive income in short-term rentals.
• Premium real estate can cost up to €1 million–€1.4 million.
• In addition to the basic amount, be prepared to pay about 10-15% more taxes, duties and other expenses. When owning real estate, residents will have to pay an annual tax of 0.4–1.1% of the cadastral value of the flats for sale in Valencia, income tax and utilities (up to €1,000). The average maintenance will cost €5,000–€8,000 per year.
• The yield depends on the features and location of the housing. This figure is about 21.36% in Jesús, 18% in Ayora and Mont-Olivet, and it is about 15–16% in Benimaclet and Ruzafa. When buying a home in the city’s central part, you can receive up to 12%.

When it comes to more profitable rental locations, the leaders are the aforementioned Ciutat Vella and Jesús, including:

• Ayora: you can earn €32,500 per year by renting a 2-bedroom apartment for sale in Valencia worth €180,000;
• Mont-Olivet: owners of 2-bedroom residences for €190,000 can expect an annual income of €36,000;
• Benimaclet: it is better to buy a 3-bedroom house for €250,000 to rent it out. The income will be about €39,000;
• Ruzafa: it is worth purchasing 2-bedroom residences here. This will allow you to receive €38,500 per year at a starting price of about €243,000.

The investment pays off quickly, as the rental rate increases — the figure rose by 23% in 2023 alone. This place is considered a must-visit and included in most tourist tours creating great demand and high incomes. You do not need to look for tenants on your own and maintain your housing, as management companies can fulfill such actions.

Buying apartments in Valencia

The way from the idea of purchasing flats or villas in Spain to registering real estate ownership can be quick and hassle-free if you use the database of the Global-Property.Investments. We offer hot ads from reliable agencies and developers with detailed descriptions for foreigners. If you are eager to buy a flat in Valencia, you can find out everything about it, for example, its location on the map, total area, number of rooms, view from the windows, layout details and finish quality. The website contains up-to-date prices, which can be converted into dollars or euros.

When planning a move or investment in Spain, choose a suitable housing option and contact the seller — direct communication offers the most favourable conditions to purchase the most beneficial overseas property!