Analysis real estate market Valencia: house prices still on the rise
Buying a house in Valencia is a good investment, according to the latest analysis real estate market of the Spanish research agency Tinsa. We take you through a brief analysis of the real estate market and development of house prices in Valencia. Prices of new and existing homes in Spain have increased by 8.2% over the past 12 months. The average value of 1,685 euros per m2 reported in Tinsa IMIE Local Markets’ statistics for the second quarter represents an increase of 2.4% compared to the previous quarter. This maintains the trend we saw in the analysis real estate market Spain Q2 2022. The average value of new and existing homes in Spain is still, on average, 21.8% below the record level of 2007. This even after an average value increase of 30.5% since the low point during the financial crisis (first quarter of 2015). “We continue to observe an active demand that goes hand in hand with a limited supply and drives up prices, despite the fact that cumulative sales figures show a slight slowdown compared to the same period in 2021.” says the director of research at Tinsa, Cristina Arias. Charting the growth in sales prices in Spain Of the major cities in Spain, Valencia currently ranks second in terms of price growth over the past 12 months. Property prices in Valencia city are now on average 8.5% higher than a year ago! To give you an idea, the average rate in Spain is between 3 and 7%. Valencia maintains the high pace of the previous quarters with strong year-on-year increases of more than 10% in three districts: Quatre Carreres, Rascanya and Campanar. Quatre Carreres stands out with a 14.2% price increase over the past year. This is partly due to the fact that a lot of new construction is taking place in this district on the outskirts of the city. Property prices from 2,000 euros per square meter can be found in Ciutat Vella, Eixample and Pla del Real, and this quarter the district of Campanar added to this list, by exceeding the limit of 2,000 euros per square meter. The price increase also says something about the return buyers can get on their home in Valencia. It still makes Valencia interesting for foreign buyers looking for a good return on their investment. The map below shows in green: the average price per m2 per district, in blue: the average price increase year on year per district and in yellow: the gross rental yield per district. The average for Valencia city is:General situation housing market Spain
Prices real estate in Valencia city
Return on investment in Valencia
Price: 1,731 euros per m2
Price increase: 8.5%
Gross rental yield: 4.7%