Real estate market in Valencia: Prices, trends and opportunities in 2024

Real estate market in Valencia

The real estate market in Valencia continues to boom, consolidating its position as one of the most attractive cities for property investment in Spain. In this article, we analyse the trends, price trends and opportunities that the city offers for buyers and investors.

Current trends in real estate marketing in Valencia

The real estate sector in Valencia has experienced steady growth in recent years. According to recent data, the average price per square metre in the city has risen by 22,96% y-o-yreaching 2.722 €/m² in 2024

Factors driving real estate demand:

  • Quality of life: Mediterranean climate, beaches and good connectivity.
  • Tourism and expats: Valencia is an attractive destination for foreign investors.
  • Limited new construction: The low supply of new housing is keeping prices up.
  • Profitable investment: High rental profitability due to increasing demand.

Evolution of house prices in Valencia

House prices in Valencia have been on an upward trend, driven by strong demand and limited supply of new construction. Over the last five years, prices have risen by a 80%This makes it one of the cities with the highest real estate revaluation in Spain.

Comparison of prices by area in 2024:

ZoneAverage price (€/m²)Annual change
Ciutat Vella3.500 €/m²+25%
Eixample3.800 €/m²+20%
Ruzafa3.200 €/m²+18%
Malvarrosa2.500 €/m²+15%
Patraix2.100 €/m²+10%

Is it a good time to invest in housing in Valencia?

Valencia has become a strategic destination for real estate investors due to its high rental yield. Currently, the average rental profitability in the city is of 6% annualexceeding the national average.

Benefits of investing in Valencia:

High revaluation of the property. High demand for long-term and holiday rentals. Competitive taxes and acquisition costs compared to other cities such as Madrid or Barcelona.

Predictions for the real estate market in Valencia in 2025

Industry experts predict that the real estate market in Valencia will continue to grow, albeit with a moderation in price increases. New urban developments are expected to help balance supply and demand.

Some key issues for 2025:

  • Possible lowering of interest rates, facilitating access to mortgages.
  • Increased investment in rehabilitation of buildings in the historic centre.
  • Growth of the luxury market in areas such as El Pla del Real and L'Eixample.

Conclusion: It's time to act!

If you are thinking of buying a property in Valencia, 2024 is a good time to do so. Whether you are looking for your first home or as a profitable investment, in Lumina Properties we can help you find the best option.

Contact us today and discover the best properties in Valencia

Join The Discussion

Compare listings

Compare
×
en_GBEnglish