Valencia is one of the three largest cities in Spain, located on the coast of the Mediterranean Sea. It has a well-developed urban infrastructure where modern buildings are harmoniously combined with ancient structures, Gothic-style churches and remains of the city’s ancient fortifications. Among the most famous monuments are the Valencia Cathedral, the park located on the dry bed of the Turia River and the huge architectural complex “City of Arts and Sciences”.
Many real estate experts consider Valencia as one of the best places to relocate and buy property in spain. Although it is a major commercial and industrial center, Valencia is not as busy or noisy as, for example, Madrid or Barcelona. The warm, sunny city often attracts freelancers and digital nomads who work remotely for large international companies.
Below we present seven reasons why Valencia stands out as an ideal city for permanent residence:
- A pleasant Mediterranean climate with warm winters, hot summers and abundant sunny days allows residents to spend more time outdoors and enjoy pleasant weather almost all year round.
- A well-organized public transport system combined with an extensive road network facilitates quick access to popular beaches from the city center and other areas. In addition, local beaches are known for their clean waters and excellent conditions for relaxing and swimming.
- High-quality food is offered at affordable prices, with a wide variety of fruits and vegetables year-round and a wide selection of fish and seafood.
- A level of security higher than that of other large Spanish cities.
- Well-maintained urban parks, green squares, sports fields, playgrounds, pedestrian paths and bicycle paths encourage residents to spend more time outdoors and maintain excellent physical health.
- In several downtown districts, vehicle traffic is restricted, creating a favorable environment for pedestrians. Meanwhile, residents can use public transport or bicycle.
- Lower rental and purchase prices for real estate compared to Madrid and Barcelona.
Valencia is incredibly diverse and multifaceted, making it suitable for a wide range of people. For example, central districts are perfect for young people and those who like to walk along busy streets, shop in fashionable stores and spend time in restaurants, clubs and bars. At the same time, the city center is famous for its historical buildings. Tours of Gothic churches, ancient castles, museums and art galleries are sure to appeal to history and art enthusiasts.
Near the old town is the famous park located on the bed of the Turia river. Several residential neighborhoods have been built around it. Properties here are ideal for those who love walking or cycling and prefer to exercise outdoors.
Valencia is a paradise for lovers of Mediterranean cuisine. Local cafes and restaurants offer traditional Spanish dishes such as paella, baked rice with vegetables and meat, rice with beans and the famous tapas. Many experts consider the Mediterranean diet to be one of the healthiest, rich in vegetables and seafood.
Thanks to its comfortable climate, impressive urban infrastructure and proximity to the Mediterranean, Valencia is popular with remote workers from large corporations and freelancers. Specifically for this group there is the Digital Nomad Visa. Issued for one year, its holders can subsequently apply for a Spanish temporary residence permit (PRT). After living in the country with a TRP for five years, they can obtain permanent residency. When applying for the Digital Nomad Visa, applicants can also obtain visas for close family members, including spouses and children.
The benefits of the Digital Nomad Visa include:
- Opening of accounts in Spanish banks.
- Access free services from the national health system.
- Enroll children in free public schools.
- Travel to countries in the Schengen zone without a special visa.
To qualify for the Digital Nomad Visa, you need to be self-employed or a remote worker with a service contract signed with an international company. In addition, the applicant must have a monthly income of at least double the minimum wage in Spain.
Valencia is not the most expensive city in Spain. The cost of living here is approximately 15% cheaper than in Madrid. Prices for food and clothing are quite affordable. The owners’ monthly expenses are around €700. Rent for a one-bedroom apartment starts at €450 per month.
Many expats choose to buy houses or apartments in spain since it is a good way to preserve capital. A one-bedroom apartment with an area of 82 m2 can be purchased for €150,000. A small one-story villa with two bedrooms will cost about 355,000 euros. There are also luxury home options, with prices around one million euros.
Foreigners purchasing property worth €500,000 or more can obtain a Spanish temporary residence permit (PRT) through investment.
Although Valencia is located on the Mediterranean coast, its coastal areas are not among the most popular for buying property, mainly because they mostly have old buildings and not very well developed infrastructure. Many also complain about the strong winds and increased humidity felt near the sea.
The most popular and prestigious districts of Valencia for purchasing property are located in the central part of the city. This includes the old town and areas of the administrative district of El Pla del Real. This region features high-end real estate, and most of the residential units are renovated older buildings with apartments.
If you are thinking of buying an apartment in a modern housing complex near the center, then the administrative district of Quatre Carreres is worth a look. It is located near the “City of Arts and Sciences” complex and the Turia River Park. Housing in this area mainly consists of comfortable gated communities with swimming pools, gyms and other amenities.
The villas are usually located on the outskirts of the city. The most prestigious homes border golf clubs. Modern mansions are built in gated residential areas with 24-hour security. These rural villages are often chosen for their picturesque natural landscapes, allowing residents to enjoy picturesque views of green valleys or the sea horizon.
The Valencia real estate market offers a variety of housing options: studios, apartments, villas, townhouses. Buyers can choose ready-to-move-in properties from the secondary market or prefer new or under-construction housing complexes from developers. New properties are typically built in a modern style, with carefully designed functional layouts and stylish finishes in neutral tones, allowing future owners to decorate the home to their liking.
By purchasing an under-construction property directly from a developer, buyers can take advantage of interest-free installment plans. Developers usually offer convenient payment schemes throughout the construction period. Properties under construction development projects in Spain They are frequently purchased by investors seeking to maximize profits from the resale of the property or its subsequent rental.
To explore the real estate options available in Valencia, visit our catalogue. Here we have collected offers from developers and real estate agencies with updated prices, photographs and descriptions. Prices on the site are expressed in euros and dollars to make it easier for you to navigate the local market. If necessary, contact our specialist who will help you find the apartment or house in spain.