Prices have risen considerably in the last year or so on Valencia Property in the city. Therefore many people have found that the amount of money they have no longer buys them what they thought they could get when they first started looking in the city. It is often six months to a year from first contact to first visit and with prices rising your desired area can suddenly be out of your price range.
For example, in the case of Ruzafa, a really popular destination for many of our clients, the obvious alternative is Monteolivete, one of the five upcoming areas of Valencia we identified in this blog post last autumn. Prices are cheaper and you get a lot more for your money. Bear in mind that prices are rising in Monteolivete too but from a lower base and not by as much at the moment.
So, let’s look at what you can get for each price range currently and in which areas you get best value for money both inside and outside the city.
Valencia City Property Under 100k.
It’s difficult in the city but there are still plenty of areas where you can get a more than decent place in a good area for under 100k. Nazaret, (see below in the beach section) is a possibility but we like Mislata on the metro line from the airport to the city centre and near to the Bioparc and Parque de Cabecera and Nou Moles slightly to the south of Mislata. We have just sold a three bedroom, second floor apartment without lift near to the metro station and old town in Mislata for 61500 Euros. The place will be modernised with a new kitchen and a few other upgrades for under 10k and has been immediately rented out.
You could also look at Torrefiel and Marxalanes to the north of the riverbed near to La Zaidia towards Levante’s football ground. There are some roads you might want to avoid in these areas (Calle Daroca for example) but mostly they are ok. Benicalap is another area that could work here near to the proposed new Valencia football club stadium. They are solid working class areas with all facilities to hand and importantly on the metro line for getting into the city or down to the beach or just a twenty minute walk into the centre. Speaking of the beach…
You want Valencia beach?
If what you are looking for is a place near to the beach, maybe as a bolthole for your Valencia Property, then Cabanyal was the place in the last two years. However, your 100k now in the Cabanyal is unlikely to get you anything that doesn’t need major renovation, (we can arrange that for you by the way at a great price) or you may find it is in the less desirable areas (ground zero of the Blasco Ibáñez extensión for example.) So, what are the alternatives?
Nazaret used to be known as a place to avoid. However now, bit by bit, it is getting better as more people are moving in due to the construction of an excellent sports centre, recovering older buildings and better communications. The metro should be arriving there in the next year or so and you will then find yourself just a stop away from the City of Arts and Sciences. The Mayor has also floated a plan to connect the metro to the Cabanyal and Malvarrosa along the beachfront from Nazaret which looks promising. You can get excellent apartments in Nazaret from 60k-90k with some places to modernize even cheaper. Nazaret itself doesn’t have direct access to the beach as it has the Port behind it but you are not far from the beach and a quick bike or bus ride gets you to the beach in less than ten minutes.
The other main option by the beach is the Malvarrosa and you can generally find apartments under 100k just 2-300m from the beach. There are even apartments from 30k in one road there but let’s not go there Ok? (Psst, Calle Padre Anton Martin in case you need to know) A decent apartment with lift in Malvarrosa is now around 120k for three bedrooms. An excellent place to be if what you want is easy access to the beach.
What if you have 150K?
Last year you had a really good choice in Ruzafa with 150k. This year you will be lucky to find those same apartments at under 200k. So, as previously mentioned you could go to Monteolivete and get a rather lovely place for 160-180k or get a place needing a little work for around 130k. There is also the alternative of En Corts to the other side of Avenida Peris y Valero from Ruzafa and you can find very good properties there for around 150k.
Again, last year, you could find good places for 150k in the Carmen and Botánico areas of the city but now they are very thin on the ground or similar properties to those we saw last year there hover around the 180-200k mark. Your alternatives are placed around Arrancapins to the west of Gran Via Fernando el Católico and Patraix which joins onto Arrancapins on the other side of the Abastos Market. If you are lucky there may be something available in student central on Benimaclet. Not much comes up for sale in Benimaclet as everything that isn’t lived in is rented out to students due to its proximity to the Universities.
I want something a little bit modern.
The areas around the City of Arts and Sciences and Campanar going towards the Bioparc to the North of the Riverbed are full of newish build apartments mostly constructed between 2000-2008. They often have pools, squash courts, paddle courts, gyms and shared gardens. Often they are a lot higher than the older buildings in the central areas and have great views over the city or over wide tree lined avenues. However prices for a two bedroomed apartment start at around 220,000 Euros and depending on the view, orientation etc… prices can get really high. What’s your alternative? You could go to the Patacona and find a sea view two bedroomed apartment on the shore of the Med from 215k or even Port Saplaya and wake up to the sun over the Mediterranean, not quite so modern admittedly as Little Venice was built over 20 years ago, but other modern areas in the city tend to be higher priced too.
I want to be really central…
In the Carmen, La Seu, El Pilar and alongside the riverbed you will need a good amount of money now for the best properties, it’s a great place to live remember. The question I suppose to someone wanting to be central is how central is central? On the opposite side of the riverbed from the Carmen you have La Zaidia towards the Nuevo Centro shopping centre where you can find excellent property at a fraction of the Carmen prices (Also with a lot less noise) Also towards the Viveros park you are just a skip across one of the many bridges into the historic centre and prices are a lot lower there too. Aragón at the start of Avenida del Puerto is just a skip across from Ensanche, the current beating heart of chic Valencia. However the truth cannot be hidden any longer, Valencia isn’t too big, you are never far from one of the more well known areas. Even on the edge of the city you are only around 3 or 4km from the centre and most areas are covered by the metro meaning it is very easy to move around.
What can I get outside of the City for these prices?
As a rule of thumb, Valencia has a ripple effect as you move out from the city. The further inland you go the lower the prices and the nearer you get to the city the higher the values tend to be. Therefore with around 100k you can get a decent three bedroomed house in Lliria with lovely views over the Turia valley and your own swimming pool or a two bedroomed modern apartment with pool in Naquera. For up to 150k you can get a superb terraced townhouse in La Pobla de Vallbona with shared pool and lovely gardens, 5 bedrooms, garage and walking distance to all the local facilities or you might prefer a beautifully set four bedroomed house in Villamarchante with lovely gardens and pool. For 200k you can get a large country house with 5 bedrooms, again overlooking the beautiful Turia valley, just outside Villamarchante or you could go for an enormous renovated town house in sleepy La Pobla de Vallbona.
For 250k you could get a stunning six bedroomed house on the Portacoeli gated estate with covered swimming pool, 2000m2 of land and sports centre (No pictures of this one yet) or a potential palace in Naquera which requires work but we think you should be able to buy at 220k. All of these properties are within half an hour of the city, airport and beach and obviously you get a lot more space and maybe lifestyle bang for your buck.
As you can see, if your first choice is gone there are some fantastic second choices. places where you could live very happily with all of the attractions and facilities of Valencia to hand. All it requires is for you to open your mind to other possibilities. And those possibilities are endless under the Valencian sun.
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