The price in certain luxury areas of the capital has increased 7.5% in just one year

In Nuwe we have spent years seeing how the luxury real estate market is increasing. The search for the most outstanding properties in Valencia does not cease. The operations, easily, are around and exceed half a million euros and far from what the last controversy with the elimination of the Golden Visa could lead us to think, foreign buyers arrive determined and, let it be understood, 'in love' with a single neighborhood of the capital. Their purposes are to have a home in Valencia to formalize it as a habitual residence, to establish their place of work as digital nomads or even to have the option of being able to reside seasonally in a city that offers all its appeal throughout the year. We are not going to describe the charms of Valencia, because they are already known and you only have to go out on the street, but in our experience we have found several patterns and elements that are repeated: buyers of luxury homes are interested in a very specific neighborhood and the house must have certain characteristics. These are the properties for which half a million euros are paid in the center of Valencia.

The most sought after neighborhood, the one that arouses the most interest and the one that focuses all the objectives of buyers of luxury homes in Valencia is none other than Pla del Remei. Located between the Eixample, La Xerea, Sant Francesc, Ruzafa, Gran Vía and the most popular stretch of the old Turia riverbed, this area can be considered the most 'premium' of Valencia. Here you can find the most luxurious homes in the city, for which buyers do not skimp on expenses. We have closed several operations in this area that exceed even half a million euros. But what could be most striking is that the client interested in this area is not usually national, but international.

The customer of luxury homes in Valencia

Recently we have seen how the Government has targeted the luxury home buyer, placing him as responsible for the general increase in the price of housing in Spain. They are such different markets that the trend of one will not directly affect the other, although in the case of the controversy of the withdrawal of the Golden Visa real estate is really more security reasons than housing, but we will leave that for another time. Foreigners come to Valencia determined to invest in a certain luxury property, without skimping on benefits, characteristics of the property and price. The amount of the operation is not usually a problem.

Among the most prominent clients for the purchase of luxury homes in Valencia are Central Europeans such as Belgians and Dutch, as well as Lithuanians and, more recently, Ukrainians. North Americans and Canadians deserve a special mention, as they are accustomed to the fact that in the USA the purchase and sale of homes must be carried out through real estate agencies, while in Spain this type of transaction can be carried out between private individuals. Unlike foreigners, national clients are more likely to search and compare the price offered by each property, looking at the average market price. All these examples are shown in a single and striking fact: the price of luxury housing transactions has increased, in certain areas, by 7.5%.