Valencia is a city with a lot of charm, and not only in terms of real estate. Its smell of the sea, its people and its Mediterranean architecture conquer the hearts of all who visit it (and those who live there). Impossible to resist a paella in front of the sea or enjoy Las Fallas. All this makes it an ideal destination for investment in rental housing.
Valencia is gaining prominence over Madrid and Barcelona, becoming the 3rd favorite city for investors. It is really the unknown jewel of the Mediterranean coast.
It is a city by the sea that lives with 300 days of sunshine a year, and an average temperature of 19 ° C, this attracts many tourists and locals. But it also likes for its gastronomy, its landscapes and its offer in culture and leisure. A clear example is the festivities of Las Fallas, which captivated 931,000 people daily in 2019. These festivities were declared festivals of international tourist interest in 1965 and Intangible Cultural Heritage of Humanity by UNESCO in 2016.
The capital of the Valencian community has been chosen as the best place to live by InterNations, the largest expatriate community in the world with more than 3.5 million members and, therefore, where to invest. As a result, Valencia made it onto the list of the 22 best tourist destinations in the world in 2022, compiled by the U.S. media outlet CNN. This spotlight highlights the many strengths of one of Spain's largest cities, which have earned it the title of world design capital in 2022.
The capital of the Turia mixes tradition and innovation. Its economic dynamism attracts national and international companies, and its port, the No. 1 in Spain, boosts economic activity. Not to mention the importance of the Valencian universities, which are an attraction for students of all nationalities.
Valencia has similar characteristics to Barcelona (such as climate, beach or as a technological center) but with a much higher profitability than the Condal City. The increase in rental demand has revalued the price of m2, which is now 39% more expensive than in 2017. These figures demonstrate the interest in acquiring property in the capital of the Turia. The districts of L'Olivereta, Jesus, La Saïdia, Poblats Marítims are all above 6% yield, ideal for tourism but also for long term rentals.