Why should you choose Valencia for living and real estate?

General description of Valencia

Valencia is not just a settlement, but a true cultural gem located on the Mediterranean coast and serving as the capital of the autonomous community and province of the same name. This city holds a significant place among other major Spanish cities, such as Barcelona and Madrid. Currently, the population of Valencia exceeds 800,000 people, and if we include the nearby suburban areas, the total number of residents is over 1.5 million.

Historical roots

Valencia has deep historical roots that date back to 138 BC, making it one of the oldest cities on Spanish territory. Throughout its long history, it has experienced numerous changes in governance and has been under the control of various cultures and peoples, including:

• Romans
• Visigoth
• mavrovs
• Spaniards

The Romans established the city on an island located 6.4 kilometers from the shore of the sea.

The modern face of Valencia

The modern appearance of Valencia is shaped along the banks of the Turia River, on the eastern side of the Iberian Peninsula, at the junction with the western part of the Mediterranean Sea. Just 11 kilometers from the city lies one of the largest freshwater lakes in Spain — Albufera. In 1911, local authorities managed to acquire this lake from the royal family for over 1 million pesetas. Today, the lake has become a central part of the Albufera Natural Park, which covers an impressive area of more than 21,000 hectares.

In 1986, this region was immortalized as a reserve, considering its ecological, cultural, and historical significance.

Cultural heritage

The cultural and historical heritage of Valencia impresses with its diversity. In the very center of the city stands a majestic Gothic cathedral, which, according to legend, houses...Holy Grail— the chalice that Jesus Christ used to drink wine during the Last Supper and into which his blood was collected after the crucifixion. Although the Holy Grail is most often associated with Glastonbury Hill in the UK, the Catholic Church considers the Valencian version to be a genuine relic of Christ's Passion.

Architectural achievements of the 21st century

However, Valencia is not limited to just ancient architectural monuments and historical buildings. The 21st century has brought new architectural masterpieces to the city, significantly changing the urban landscape. One of the most outstanding projects has beenCity of Arts and Scienceswhere are:

• opera theater
• science museum
• huge exhibition gallery
• the largest cinema in the country
• the aquarium with the largest aquarium in Europe

You can also find the congress palace here and a unique structure that is only about 1 meter wide.

Nature and relaxation

For those who appreciate nature, Valencia offers 135 kilometers of beaches and a nine-kilometer park created on the site of the old Turia Riverbed, which is often referred to as"green lungs"Cities. After frequent river floods, a decision was made to change its course, and now a magnificent park and the City of Arts and Sciences are located where the former riverbed used to be.

Central Market of Valencia

At the central market in Valencia, you can experience all the colors of the local flavor, offering a wide range of products and gastronomic masterpieces that create a unique atmosphere in this fascinating city. Here, you'll find everything your heart desires, from fresh seafood to local delicacies, allowing every tourist to immerse themselves in the richness of Valencia's culture.

Architectural heritage

Firstly, the object in question is a striking example of the Art Nouveau architectural style. Its unique glass dome, magnificent stained glass windows, and original weather vanes make it particularly attractive and elegant.

Fresh products

Secondly, there is an opportunity to choose and taste fresh products here, such as:

• vegetables
• fruits
• cheese
• hamon
• seafood
• various treats

Local markets are famous for their rich assortment and high quality of goods. Finally, on the premises of this establishment, there are many cafes and restaurants where you can grab a quick and tasty bite without spending a lot of money.

Climate and festivals

In addition to its impressive historical and architectural heritage, the climate here features mild Mediterranean conditions with over 300 sunny days a year. The region's culinary traditions are also diverse, including the famous Valencian paella. Various festivals, such as:

• international opera festival
• fashion shows
• sports events, including Formula 1 races
• holidays such as Fallas and bullfighting

— make life in this city vibrant and interesting.

How to get to Valencia?

How to get to Valencia? Direct flights from Moscow to Valencia are only available during the summer season, from late May to mid-October, when S7 Airways operates flights from Domodedovo Airport. The price of round-trip tickets starts from22,000 rublesThere is also the option to save on connecting routes through one of the European cities, but such a journey will take more time.

An alternative option is a car route that, avoiding Ukraine, will take more than40 hoursclose to3984 kmIt should be noted that Valencia is also a port where cruise ships traveling the Mediterranean regularly arrive.

Advantages of buying property in Valencia

Why should you consider buying property specifically in Valencia? There are many reasons why this is a smart choice:

• Cost of livingand property prices are significantly lower than in other major Spanish cities.
• The quality of infrastructure and cultural life is on par with that of global megacities.
• Living in Valencia provides the opportunity to offer children a quality European education.
• A seventh and higher education can be obtained in both international schools and public and private universities.
• Valencian universities are renowned for their high level of education and are recognized throughout Europe, especially in the fields of technical and humanities studies.

Despite being less popular among Russians, the quality of education here is comparable to the best universities in Barcelona and Madrid.

Healthcare

In Valencia, there is the largest hospital in Europe –La Fe University Hospital...and the healthcare system in the region meets international standards. The sun shines here for almost the entire year, about...300 daysand the average temperature fluctuates around comfortable levels+18°Cwithout significant seasonal fluctuations.

The situation in the real estate market

As for the current situation in the housing market, according to data from one of the leading Spanish portals, the range of properties available varies depending on the area and type of property, making the purchase of housing in Valencia attractive for both locals and investors.

Housing prices in Valencia

The cost of housing in Valencia currently stands at €1429.6 per square meter, which is over €1000 less than it was ten years ago. The highest price per square meter was recorded in June 2007, reaching €2802.3. In comparison to current figures, the lowest level of real estate prices in Valencia was observed in September 2014, when the cost per square meter was €1400.

Comparison with other cities

In terms of price categories, Valencia ranks 11th among the largest Spanish cities. For example, housing here is on average 49% cheaper than in Madrid and 58% cheaper than in Barcelona.

Quality and cost of housing in the suburbs

According to real estate experts, quality apartments in popular suburbs of Valencia, such as La Elina, are valued at around €1000 per square meter. Of course, the price per square meter can vary and depends on a number of factors, such as:

• Condition and equipment of the housing
• Infrastructure level
• Reputation of the area

Apartments with renovations and an area of over 100 square meters can cost between €1400 and €1800 per square meter if they are located in convenient living areas close to the center of Valencia. However, in the very center of the city, where the size of the apartments can reach almost 200 square meters, the price ranges from €2000 to €2250 per square meter.

Elite and budget options

In the most prestigious areas, the price per square meter can reach €3000. Apartments that require major renovations and are located in old buildings can be purchased starting from €40,000. In the respected part of the city of arts and sciences, prices for standard two-bedroom apartments start at €250,000.

The popularity of Spanish real estate among foreign investors

Price dropThe housing situation during the crisis has made Spanish real estate particularly attractive to foreign investors, especially from the UK. The strengthening of the pound against the euro has also contributed to the growing interest. Currently, 15% of transactions with foreign buyers are made by British citizens, followed by:

• The French (10%)
• Russian citizens (9%)
• Belgians (7%)

There is also a growing interest from buyers in the USA due to the strengthening of the dollar.

Areas for investment in Valencia

Valencia offers many neighborhoods for investment, although the city itself, despite its proximity to the sea, should not be perceived as a resort in the traditional sense. It is a major business and industrial center, the capital of the region of the same name, and has an extensive coastline of about 135 kilometers along the Mediterranean Sea. The city is divided into 19 districts, each consisting of 3-4 neighborhoods.

Choosing a neighborhood for purchasing real estate

When choosing a neighborhood for purchasing real estate, it's important to consider your specific needs and goals related to acquiring a home.Choosing the right neighborhoodcan play a key role in the success of an investment project.

Kampar and Noo Kampar

Nevertheless, there are areas in Valencia that are particularly popular among residents from outside Spain. These include Campanar and Nou Campanar, located in the northwest of the Valencian Community's capital. This is a relatively new district, characterized by its wide streets and highways. Since the beginning of its construction in 2005, a modern residential complex has been developed in this area, offering residents homes with enclosed courtyards and private pools.

The bell tower turns out to be an excellent choice for:

• Young familieswishing to create comfortable conditions for children.
• Pensionerswho are looking for a calm and cozy place to live.

Infrastructure

The infrastructure in Campanari is well-developed.

• Several metro stations and bus stops.
• Large shopping centers.
• Educational institutions, including kindergartens and schools.
• Two major hospitals and supermarkets.

You can reach the city center in just twenty minutes on foot. Additionally, nearby is the "Bioparc" — a famous zoo in Valencia, the picturesque Cabecera Park, and several cozy neighborhood parks that are perfect for relaxation. The average cost of housing in the area is around 180,000 euros for a 90 sq. m apartment with two bedrooms, while renting a similar place will cost about 650 euros per month.

Kamins Al Grau

Camins al Grau also attracts attention due to its geographical location close to the famous City of Arts and Sciences, making this area particularly appealing to foreign citizens.

Introduction

Valencia is home to the best shops and restaurants that attract the attention of both locals and visitors. The architectural beauty of the area is showcased by magnificent 19th-century buildings, characterized by refined elements and captivating facades, which create a unique appearance for this city.

Here you can find quality housing that has undergone major renovations and features a sensible layout. Additionally, buyers appreciate convenient access to the main transportation infrastructure and the presence of green spaces.

Main areas

Russafa

The Ruzafa district stands out for its creative spirit and bohemian atmosphere.

Gran Via

Gran Via is renowned for its high status and prestige. The average housing prices in these areas are as follows:

• For an apartment with an area of 150 square meters and three bedrooms in Gran Via and El Pla del Remey, the selling price is around€900,000and the rent is approximately€1000per month.
• In Rusafa, you can find apartments with an area of 90 square meters with two bedrooms for around€160,000and the rent will cost€500per month.

Attractive locations on the coast

On the Poblat Maritims coast, there are several attractive locations for investors: Malvarrosa and Patacona.

Malvarrosa

Malvarrosa is a vast area along the beach where the infrastructure is quite developed. There are many shops, markets, bakeries, as well as cafes and bars.

Public transport is also well represented, with numerous bus and tram stops available. The houses in this area were mainly built in the 1950s. However, it is worth noting that the condition of some streets may raise concerns, as you might encounter less clean neighborhoods and untrustworthy neighbors.

Local experts consider this place acceptable for living with reasonable prices, but garbage could become an issue for those looking to buy property for permanent residence. However, this area may be suitable for investors planning short-term rentals.

Patakona

Patacona, located right by the sea in Valencia, is a relatively modern residential area with an already functioning infrastructure. There are bus routes, various shops, and cozy cafes here, and the beach in this area is usually less crowded, which can be a significant advantage during the summer.

Residential properties here include both new houses and gated complexes with pools and townhouses. However, it is important to note that construction activity is low in this area, and the availability of new developments is limited, which may make it difficult to find suitable housing.

Housing prices

• When purchasing real estate in Patakone, the price for an apartment with an area of 90 square meters and two bedrooms is around€200,000.
• The rental prices in this area fluctuate around€550per month.

Conclusion

Ultimately, each of these areas is of interest to potential buyers, ranging from elite and artistic options to more affordable yet equally comfortable places that may have great rental potential.

Suburbs of Valencia

The suburbs of Valencia, among which Betero, Eliana, San Antonio de Benagéber, La Canyada, Santa Barbara, Mas Camarena, and Liria stand out, are located just 10-15 minutes away from the city itself. These areas attract people seeking a peaceful life in their own homes or villas, away from the hustle and bustle of the city. They represent rapidly developing zones with modern buildings, inhabited by affluent residents who work or run businesses in the region's capital.

Developed infrastructure

The infrastructure in this area is well-developed, and the transportation links to the city center allow residents to enjoy a comfortable life throughout the year. The suburbs feature large shopping complexes, sports centers, golf clubs, and several international educational institutions with a high level of education.

Advantages of living in the suburbs

The advantages of living in the suburbs of Valencia include:

• picturesque landscapes;
• protected natural areas;
• high status of the area.

However, the biggest advantage isfavorable climatic conditionsUnlike the sweltering summer in the city, the suburbs delight with green parks and a refreshing breeze, creating comfortable conditions for both daytime and nighttime relaxation outdoors.

Transport accessibility

An important feature of the suburbs is the presence of metro stations and well-organized public transport, which allows residents to reach the center of Valencia without the need for a car, greatly easing their daily lives.

Real estate market

When it comes to the real estate market, the price for a townhouse with an area of 180 sq. m and three bedrooms reaches around €190,000, while the rent for such a property is approximately €700 per month. Villas with an area of 200 sq. m and a similar number of bedrooms can be purchased for €300,000, whereas the monthly rent for these properties will cost €900.

Coastal Features

However, it is worth noting that, despite its proximity to the sea, purchasing real estate on the Valencia coast is not always economically justified. This is due to the historical specifics of the city: those who lived near the sea were port workers and sailors, while wealthier citizens chose more distant areas. As a result, the old part of the city is relatively far from the coastline.

Prestigious neighborhoods

In fact, the most prestigious neighborhoods are located around the historic center and are far from the beaches. Undoubtedly, property prices in the Platges Marítims area remain high. However, it is important to consider that most of the buildings here are part of the old housing stock, and maintaining them in good condition requires a significant financial investment.

Real estate prices

When it comes to Valenciareal estate, there is an interesting trend: homes located closer to parks and green areas have higher prices. This creates additional demand for such apartments and townhouses, which in turn affects housing prices in this region.

Conclusion

In conclusion, I would like to emphasize that Valencia is a city that combines a rich history, stunning architecture, picturesque nature, and modern urban life. Living here is not just an opportunity to enjoy the comfort and beauty of the Mediterranean coast, but also a chance to immerse oneself in a unique atmosphere where traditions never lose their relevance in a rapidly changing world.

Valencia impresses with its diversity. From majestic cathedrals with their historical relics to modern buildings like the City of Arts and Sciences, this city offers something amazing for everyone. I believe that here you can find not only unique cultural attractions but also a great climate that allows you to enjoy outdoor life for almost the entire year.

Gastronomic diversity

Don't forget about the culinary diversity that makes Valencia even more attractive to tourists and residents. The local culinary traditions, especially the famous...paellahave gained recognition worldwide. Vibrant festivals such asFallasThey offer a multitude of unforgettable experiences and allow you to immerse yourself in the culture of Spain.

Reasons for choosing Valencia

If you are considering moving or buying property, Valencia offers:

• reasonable real estate prices compared to other major cities in Spain;
• high quality of life;
• the opportunity to provide their children with a quality education;
• high standards of healthcare.

Result

In conclusion, I would like to say: Valencia is not just a place on the map, but a city filled with life, warmth, and sunny days. If you are looking for a balance between history and modern amenities, between cultural richness and the comfort of everyday life, Valencia is an excellent choice. I personally highly recommend that you discover this amazing city and enjoy everything it has to offer.