Why Is L’Olivereta an interesting neighbourhood to invest as a foreign buyer? Three main reasons. Affordability, affordability and affordability…
L’Olivereta is found to the west of Extramurs, north of Patraix and just southeast of Mislata. This makes it very convenient for Valencia Airport, also known as Manises Airport. Which on paper makes it very attractive for investors. It is well-connected to the city and to good communications infrastructure. It has two Metro stations, Nou d’Octubre and Avenida del Cid, meaning a subway ride of less than ten minutes to the city centre. In fact, if you invest on the eastern side of the barrio, it is quicker to walk to Angel Guimerá, right in the city.
One of the last affordable neighbourhoods in central Valencia?
Over the past few years, prices for property have gone up significantly in Valencia. But the rate of rise has been steepest in neighbourhoods such as Ruzafa, El Carmen, El Cabanyal and the better know, more central districts. L’Olivereta has seen a slower rate of increase. It’s hard to say why. One possibility is the two highways running through the neighbourhood towards the airport. The larger is Avenida del Cid. And it is shadowed to the south by Carrer de les Tres Forques. Elsewhere, this would be seen as an advantage, meaning easy car journeys both to the airport and the city centre. And this could well play to your advantage.
Copyright of the picture: Google Maps
So what’s it like to live in L’Olivereta?
L’Olivereta consists of four smaller barrios. Nou Moles, Tres Forques, Soternes and La Llum. It’s an urbanised area with lots of apartment buildings, typically Spanish. The fact it is close to various sites of the University of Valencia make it a popular choice with students. This in turn means good potential rental income from students. Polideportivo Municipal Barri de la Llum (Municipal Sports Complex) is to the west of the area. There’s also numerous small squares – and bars overlooking them. It’s also right by the V-30, which runs from the port in the east to the airport and dormitory towns in the Northwest. And it links to the A3 a couple of kilometres out – that is your route to Madrid. So it could hardly be better served. With the gardens of the riverbed of the Turia running along the northern side of the area, right at hand. So a fabulous place for picnics and sport. In fact, one of the closest points includes the Bioparc. You’ll find this within Cabacera Park, at the western end of the Turia Gardens. It covers 100,000 square metres and recreates the natural habitats of some 1,000 animals from 150 different African species.
In summary, if you are looking for a great investment opportunity, L’Olivereta ticks many boxes:
Pretty central
Great communications links by road, tram and Metro
Friendly neighbourhood
Authentic atmosphere
Good market for rentals
Find our more about L’Olivereta
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