Sun, joy, beach, party, paella — these are a few words that describe life in Valencia.
Valencia is one of the best places to live in. It is a city that people fall in love with at first sight. A comfortable climate, an original environment, refined cuisine, and hospitable residents are just a few reasons to move here forever.
Let us take a closer look at the best areas in Valencia to buy real estate. Spain-Real.Estate will also explore how to choose an area, find an apartment, and make a deal in Valencia.
Content:
- Reasons for purchase: Investment, vacation, or permanent residence
- The characteristics of various districts in Valencia
- How would a foreigner buy an apartment in Valencia?
- Is it worth buying a property in Valencia?
- The best residential areas in Valencia
- Spain-Real.Estate will help you buy an apartment in Valencia
Reasons for purchase: Investment, vacation, or permanent residence
The type of real estate one chooses in Spain will depend on the reason for the purchase.
It is better to choose a property in the center of the city or closer to the sea to ensure that it is in demand.
Real estate in popular tourist quarters is suitable for renting.
Real estate in Spain with well-developed infrastructure suitable for permanent residence must consider the following: convenient transport interchanges, shops, banks, clinics, schools, and kindergartens.
The characteristics of various districts in Valencia
Prices in different districts depend on features like location, attractions, infrastructure, availability of parking spaces, and a property’s condition.
Let us take a look at the areas in Valencia that are best to purchase an apartment.
1. Playa del Real
Location
El Playa del Real is the center of Valencia, its most prestigious area, and home to about 30,000 people. It is divided into 4 quarters: Exposicio, Mestalla, Jaume Roig, and Ciutat University.
Infrastructure
Playa del Real in Valencia has a well-developed infrastructure. Public transport, tram, and metro stops are located within a 5-minute walk. Additionally, educational institutions (schools, colleges, institutes, University of Valencia, Polytechnic University of Valencia), a tennis academy, equestrian complex, the Los Viveros royal gardens, Valencia stadium, shops, supermarkets, cafes, and restaurants can all be found in the area.
Development and housing types
The housing consists of 19th-early 20th-century historical buildings inhabited by the elite of Valencia. There are just several new properties here.
Average price per square meter
| Purchase | Rent |
|---|---|
| Average price per sq. m. – 2849 € | Average price per sq. m. ‒ 9 € |
| Average real estate price – 437 590 € | Average real estate price – 1073 € |
| Price per number of rooms (sq. m.): | Price per number of rooms (sq. m.): |
| Price per studio or 1 room – 2324 € | Price per studio or 1 room – 722 € |
| Price per 2 rooms – 2886 € | Price per 2 rooms – 937 € |
| Price per 3 rooms – 2617 € | Price per 3 rooms – 1066 € |
| Price per 4 rooms ‒ 2851 € | Price per 4 rooms – 1160 € |
| Price for services (sq. m.): | Price for services (sq. m.): |
| Price per sq. m. with terrace – 3004 € | Price per sq. m. with terrace – 1140 € |
| Furnished real estate – 2986 € | Furnished real estate – 989 € |
| Real estate with elevator – 2865 € | Real estate with elevator – 1080 € |
| For a parking space – 3126 € | For a parking space – 1295 € |
Advantages and disadvantages
Playa del Real has advantages like profitable investment in real estate, developed transport links, demand for rental housing, and low taxes.
The disadvantages include the lack of new housing.
2. Algiros
Location
Algiros is located within walking distance from the coast in the heart of Valencia. Algiros is a modern district of the capital of Turia. It consists of the 5 quarters of L'Illa Perdida, Ciutat Jardí, L'Amistat, Bega Baixa, and Carrasca. It borders the municipality of Alboraya to the north, the sea villages to the east, Camins al Grau to the south, and Benimaclet and Playa del Real to the east. The population is 38,686.
Infrastructure
Algiros is located 2 km from the beach and is quieter than the noisy area in the center of Valencia.
Algiros has parks as well as the university campuses of Blasco Ibanez and Taronier of the University of Valencia.
There are libraries, schools, a Folk high school, the best youth center in Spain, several hospitals providing first aid, and many institutions for the elderly (like the "House of Health").
Algiros has a well-developed transport infrastructure (the metro line 5 and public parking lots).
Development and housing types
The housing market has many residential properties as well as commercial real estate.
Average price per square meter
| Purchase | Rent |
|---|---|
| Average price per sq. m. – 2126 € | Average price per sq. m. ‒ 9 € |
| Average real estate price – 233 818 € | Average real estate price – 887 € |
| Price per number of rooms (sq. m.): | Price per number of rooms (sq. m.): |
| Price per studio or 1 room – 2604 € | Price per studio or 1 room – 641 € |
| Price per 2 rooms – 2202 € | Price per 2 rooms – 771 € |
| Price per 3 rooms – 2193 € | Price per 3 rooms – 818 € |
| Price per 4 rooms ‒ 2114 € | Price per 4 rooms – 924 € |
| Price for services (sq. m.): | Price for services (sq. m.): |
| Price per sq. m. with terrace – 2341 € | Price per sq. m. with terrace – 930 € |
| Furnished real estate – 2188 € | Furnished real estate – 891 € |
| Real estate with elevator – 2163 € | Real estate with elevator – 899 € |
| For a parking space – 2281 € | For a parking space – 1035 € |
Advantages and disadvantages
Pros: Algiros has advanced transport links, it is a university city and it offers low prices for rental property.
3. Extramurs
Location
Extramurs is an area southwest of the old city center of Valencia. It consists of the following quarters: Botanico, La Roqueta, La Petxina, and Arrancapins.
Infrastructure
Playa del Real in Extramurs has a well-developed infrastructure such as shopping malls, sports facilities, parks (Botanical Garden of Valencia, Garden of Turia), theaters (Mikalet theater), and libraries.
Development and housing types
Real estate prices in Extramurs are not dumping. The average value of real estate predominates here. Most of the buildings were built in 1900-1960.
Average price per square meter
| Purchase | Rent |
|---|---|
| Average price per sq. m. – 2310 € | Average price per sq. m. ‒ 10 € |
| Average real estate price – 276 896 € | Average real estate price – 986 € |
| Price per number of rooms (sq. m.): | Price per number of rooms (sq. m.): |
| Price per studio or 1 room – 2885 € | Price per studio or 1 room – 837 € |
| Price per 2 rooms – 2629 € | Price per 2 rooms – 938 € |
| Price per 3 rooms – 2297 € | Price per 3 rooms – 975 € |
| Price per 4 rooms ‒ 2198 € | Price per 4 rooms – 1032 € |
| Price for services (sq. m.): | Price for services (sq. m.): |
| Price per sq. m. with terrace – 2471 € | Price per sq. m. with terrace – 1061 € |
| Furnished real estate – 2599 € | Furnished real estate – 961 € |
| Real estate with elevator – 2318 € | Real estate with elevator – 1002 € |
| For a parking space – 2450 € | For a parking space – 1049 € |
Advantages and disadvantages
Pros: Extramurs has responsive and friendly residents, it offers a low cost of rental housing and the average level of real estate prices, the district also has the average level of crime rates, and transport links are well-developed here.
4. Quatre Carreres
Location
Quatre Carreres is situated in the southern part of Valencia. The population is about 75,000.
This area consists of Monteolivete, En Corts, Malilla, Fuente San Luis, Na Rovella, and La Punta y Cuidad de las Artes y las Ciencias.
Infrastructure
This district has various institutions (educational centers of Jordi de San Jordi, Rafael Mateu, San Juan Bosco Salesiano college), a hospital, and several sports facilities (Malilla sports center, San Luis municipal swimming pool). In 2023, Casal España Arena is planned to open. It will be the most modern pavilion in Europe where international sports and music events will be held.
Quatre Carreres has transport links such as bus lines, motorways, and the Joaquin Sorolla station on a high-speed railway line.
Development and housing types
There are many new buildings (about 10% of all new housing built in Valencia is located here).
Average price per square meter
| Purchase | Rent |
|---|---|
| Average price per sq. m. – 1812 € | Average price per sq. m. ‒ 10 € |
| Average real estate price – 192 512 € | Average real estate price – 895 € |
| Price per number of rooms (sq. m.): | Price per number of rooms (sq. m.): |
| Price per studio or 1 room – 2637 € | Price per studio or 1 room – 726 € |
| Price per 2 rooms – 2013 € | Price per 2 rooms – 895 € |
| Price per 3 rooms – 1645 € | Price per 3 rooms – 867 € |
| Price per 4 rooms ‒ 1733 € | Price per 4 rooms – 915 € |
| Price for services (sq. m.): | Price for services (sq. m.): |
| Price per sq. m. with terrace – 2017 € | Price per sq. m. with terrace – 1003 € |
| Furnished real estate – 1929 € | Furnished real estate – 867 € |
| Real estate with elevator – 1857 € | Real estate with elevator – 918 € |
| For a parking space – 2344 € | For a parking space – 996 € |
Advantages and disadvantages
The advantages are high-quality and inexpensive real estate and few immigrants.
The disadvantage of the area is the distance from the city center and the beach.
5. Campanar
Location
Campanar is in the northwest of Valencia. It is divided into the neighborhoods of Les Tendetes, Sant Pau, and El Calvari.
Infrastructure
There are shops, supermarkets, bars, and restaurants.
Campanar has advanced transport links.
Development and housing types
2- and 3-story buildings with tiled roofs and picturesque views are under construction in the center of Campanar. These properties are located on the streets leading to the church square. Various buildings are also under construction in the rest of this district.
Average price per square meter
| Purchase | Rent |
|---|---|
| Average price per sq. m. – 2430 € | Average price per sq. m. ‒ 11 € |
| Average real estate price – 293 406 € | Average real estate price – 1047 € |
| Price per number of rooms (sq. m.): | Price per number of rooms (sq. m.): |
| Price per studio or 1 room – 2793 € | Price per studio or 1 room – 742 € |
| Price per 2 rooms – 2325 € | Price per 2 rooms – 844 € |
| Price per 3 rooms – 2419 € | Price per 3 rooms – 1164 € |
| Price per 4 rooms ‒ 2440 € | Price per 4 rooms – 1263 € |
| Price for services (sq. m.): | Price for services (sq. m.): |
| Price per sq. m. with terrace – 2743 € | Price per sq. m. with terrace – 1185 € |
| Furnished real estate – 2483 € | Furnished real estate – 1035 € |
| Real estate with elevator – 2476 € | Real estate with elevator – 1056 € |
| For a parking space – 2842 € | For a parking space – 1179 € |
Advantages and disadvantages
The advantages are the convenient infrastructure, variety of public transport (metro, bus, tram), high level of security, and favorable climate.
The disadvantages include the distance from the city center and the beach.
How would a foreigner buy an apartment in Valencia?
Currently, Spain is one of the countries where it is easy for foreign buyers to purchase housing. It is necessary to comply with several requirements:
-
Obtaining an NIE.
An NIE is a foreigner's identification number issued by the Spanish Ministry of Internal Affairs. This document can be obtained in person or through a representative in Spain, as well as through Spanish diplomatic missions or consular offices in the applicant's country.
-
Bank account in Spain.
This item is not mandatory but advisable.
- The maximum mortgage contribution must not exceed 40% of one’s income.
-
Realtor services.
Real estate agency specialists in Spain can provide useful advice when buying real estate as well as control the process of buying and selling a property.
-
Choosing the type of housing.
When buying a property, you need to make a list of requirements such as the region, type of housing, parking, etc.
Is it worth buying a property in Valencia?
Real estate in Valencia is an excellent choice if you choose to live in Spain and Europe in general. Some of the advantages of buying a home in Valencia include the favorable climate, living in one of Europe’s largest historical centers, numerous beaches and gardens, gastronomic diversity, cultural events, and entertainment.
It is a comfortable, modern, and environmentally-friendly city for sports lovers.
British, Germans, Romanians, French, Moroccans, and Belgians dominate the Valencia market.
The best residential areas in Valencia
Where is the best place to buy an apartment in Valencia?
You can choose an area of Valencia to buy and rent real estate according to your preferences, lifestyle, and budget.
Recommendations for choosing an apartment in Spain for residence will depend on the buyer’s wishes.
The most suitable for students and young people are the areas of Valencia near the city center or universities like Algiros and Playa del Real.
Algiros is an area that is suitable for foreigners or pensioners to buy apartments in.
Green areas with developed infrastructure and low housing prices are suitable for families with children, such as Quatre Carreres and Extramurs.
The best area to buy an apartment to rent or invest in is Playa del Real.
Algiros is an area suitable if you desire to live close to the sea.
It is best to buy in Campanar and Algeria if you plan to live in Spain for a long time.
This guide of Valencia’s districts for various buyers can help anyone choose suitable housing.
Spain-Real.Estate will help you buy an apartment in Valencia
The housing sector in Valencia is diverse.
Get professional advice on choosing or buying a property in Valencia from the Spain-Real.Estate experts and start a new life. Our employees provide comprehensive support for sales transactions and guarantee a safe transaction for all clients.
