The Valencia Region of Spain is one of the most popular places for foreigners buying property. A recent report notes that approximately 22% of all property purchases last year in the Region were sold to foreigners. Salvador Villa, president of the Valencia Association of Real Estate Promoters indicated that of the nearly 150,000 homes sold, almost 33,000 of them were to foreigners.
Spain is the number one country for Britons to invest in foreign property, and the Valencia Region is very popular – even more so than the Costa del Sol to the south. In the Costa Blanca region alone, there are some 92,000 British property owners. Britons are by far the largest foreign purchasers of coastal property in Spain, buying nearly 40% of homes sold along the beaches and waterfront.
Property values in the region have continued to appreciate year-over-year. Last year, average prices were up nearly 16% in the region and 13% the year before. With its combination of modern cities and beachfront property, values in Valencia should continue to rise.
There are any number of reasons to invest in property in the region, with modern amenities, beaches and great weather. One new attraction within the city of Valencia is the Oceanografic, located within the Ciudad de las Artes y Ciencias – the City of Arts and Sciences. This spectacular aquarium boasts exhibits from around the world, spanning many habits and climates, including the Arctic and Antarctic, the Red Sea, Mediterranean, and Wetlands.
The Autonomous Community of Valencia consists of three provinces, Valencia, Alicante and Castellon. All together, the area has 518 kilometers of coastline along the Mediterranean Sea. With the coastal scenery and mild weather it is attractive for tourists and pensioners alike. The largest city is Valencia, with approximately 800,000 residents, and Alicante has a population of 325,000. Getting to this popular destination is easy, with two major airports in Valencia and Alicante. Direct flights are available to both airports from most major European cities.
Luxury property for sale in Valencia
Are you looking to buy property in Spain ? Estepona , Torrevieja , Orihuela Costa , Ciudad Quesada , Puerto De Mazarron
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Author
Carol McDonald