Most foreigners looking for an investment in Valencia first search their luck in the popular neighbourhoods such as El Carmen, Canovas, or Ruzafa. However, Valencia counts with several alternative neighbourhoods that offer excellent investment opportunities. So, where are the best deals in Valencia?
Recently we have launched a very interesting series “Unknown but interesting neighbourhoods in Valencia”. In this series Brecht Van De Velde, a Valencia property specialist, visits the lesser known neighbourhoods in Valencia and checks out the investment opportunities in each one of them.
In this article we talk about the areas that are traditionally very popular amongs foreign investors and secondly we talk about the lesser known neighbourhoods visited by Brecht Van De Velde. And finally we tell you how Blue Key helps foreigners buy the property of their dreams in Valencia.
THE TRADITIONALLY POPULAR NEIGHBOURHOODS
Ruzafa
Ruzafa is the bohemian neighborhood of Valencia. It is often called the Soho of Valencia. Ruzafa (or Russafa in Valencian language) is a vibrant neighborhood with bars, restaurants, terraces, shops and galleries from around the world. It is easy to get from here to any area of the city by public transport. Ruzafa is mostly the first choice for foreigners who come to live in Valencia. Read below some interesting articles about Ruzafa:
Ruzafa, fun in the Valencian sun. Read this article.
The centrification of Russafa Valencia. Read this article.
El Carmen
El Carmen is the heart of the city of Valencia. This area is often referred to as “El Carmen”. It is the area between the Main train station (Estación del Norte), the bullfight ring, Calle Colon, the Riu Turia, The Torres de Serrano and the Torres de Quart. El Carmen is growing to be one of the busiest places in Europe for tourism. Shop, bars, cafes, restaurants, winding streets and ancient ruins. It really is one of the finest examples of the Spanish Old Town. Read more about El Carmen:
El Carmen Valencia: Investment in property in the old city center of Valencia. Read the article.
Cabañal
Cabañal is the maritime district of Valencia. Cabañal (or Cabanyal) has turned into one of the most fashionable neighborhoods in Valencia in recent years.
Traditionally El Cabañal was the port area of Valencia, its houses are unique, the locals have a lot of pride in their neighborhood, and for one day every year, the old houses are open to the public to get a taste of the Cabañal, and how life was in the 60s.
With recent investment in tourism by the local government, many of the streets have been pedestrianized and new bars and coffee shops are opening every week. It has become a great new area for tourists and local alike; the streets are clean and free of traffic. The life is relaxed, the food is great, and the soft sea breeze gives the whole area a defining touch. One of the best features of El Cabanyal is that the beach is within five minutes’ walk. Valencia City Centre is actually quite far away from the beach and can take 15-20 minutes in the car. Read more about Cabanyal:
El Cabañal: A property explosion on the Valencian coastline. Read the article.
UNKNOWN BUT INTERESTING NEIGHBOURHOODS
PART 1 – Benimaclet
Versatile, dynamic and unique. Benimaclet is one of the most charming and genuine neighbourhoods in Valencia. The neighbourhood has a “small town” feel although it is a rather big melting pot of cultures where young students and old locals live hand in hand.
PART 2 – Nazaret
Nazaret is a neighbourhood where the past meets the future. It is a district full of contrasts that finally is able to look forward again after decades of status quo. Located between city and port, Nazaret is the next magnet in Valencia’s property market.
PART 3 – Malilla
Malilla, or all places. What could possibly be worth mentioning about this drowsy part on the outskirts of Valencia? Well, for starters that there are many building projects in the pipeline. And that Malilla is one of the seven districts of the Quatre Carreres district.
PART 4 – La Zaïdia
Just outside the old city walls, La Zaïdia is a melting pot of past and present. The apartments in this emerging neighborhood just north of the Turia river bed and the historic centre are often larger and more affordable than in the so-called trendy neighborhoods.
PART 5 – Ayora
Ayora, not to be confused with the municipality to the southwest of Valencia, is one of the many upgraded neighborhoods in the city of Valencia. Families and students live hand in hand in this residential area between the city and the beach.
PART 6 – Benicalap
Have you heard of Benicalap? The chance is rather small. The forgotten district has always been ignored by government, tourism and media. Unfairly. Benicalap is located north of Valencia’s historic centre and the Avenida Peset Aleixandre, south of the Ronda Norte, east of the new stadium Nou Mestalla (more about this later), and west of the district of Rascanya.
PART 7 – Patraix
Patraix, south of the city of Valencia, has always been struggling to find its identity and it now seems that it has finally discovered it. The district continues to follow the trends of big brother Ruzafa, but combines the calm vibe of a local neighborhood with the innovative initiatives from a big town.
PART 8 – Monteolivete
The new Russafa. We consider Monteolivete a no brainer if you are looking for the perfect balance between investment and lifestyle. It is a popular neighborhood with accessible prices that has developed into a part of town with excellent quality of life.
Part 9 – Campanar
Between the high-rises and the boulevards in the northwest of the city lies a hidden gem. One of the best kept secrets of Valencia. Until now. Since the second half of the 1990s, this district has undergone an enormous urban transformation and expansion, thus superseding the orchards and farms in the area.
Part 10 – Nou Moles
Nou Moles is a district that received little attention by property investors in Valencia but is gaining popularity thanks to the proximity of the Turiapark and the Parque de Cabecera. Nou Moles offers plenty of opportunities for real estate at competitive prices.
BLUE KEY HELPS YOU BUY AN APARTMENT IN VALENCIA
After reading this article expats should be able to make up their mind about where to live in Valencia. Valencia has so much to offer. In this article we have talked about many different neighbourhoods, but in fact the differences between them are relatively small, as well as the physical distances between them. Valencia is relatively small, and almost every neighborhood offers interesting opportunities, if… you have the contacts, patience or the experience to find them.
CLOSE THE CIRCLE AND MAKE MONEY
The Blue Key services offers a one-stop solution for foreign investors in Valencia. We help our customers find their dream property, we assist them with the legal side of the purchase (we are lawyers), we do the property management, and we rent out the property to expats through our sister company Globexs.
Property search
Blue Key offers the service of personalized property search. Our real estate partners will find exactly what you are looking for, in every budget, in every corner of the city of Valencia. The total real estate commission that you pay is usually around 3% for properties within the Valencia city limits.
Legal assistance
You need a lawyer when you buy a property in Spain. The Blue Key lawyers operate completely independent from the real estate agents. If the investment is risky they will advise against the purchase. The Blue Key legal assistance package consists of risk analysis, bank formalities, administration formalities (NIE,…), notary assistance, and guarantee a risk-free investment. The price of the legal assistance package varies between 1900€ + VAT and 1,5% of the purchase price.
Rental income
We publish your property on the Globexs website and rent it out to expats moving to Valencia. Globexs is the reference for service and quality regarding temporary rentals and Valencia relocation assistance. The authentic Globexs Experience is guaranteed for the guests staying in your apartment.
Property management
Once you have bought your property we will take care of it: we can organize construction, paintjobs, decoration, utilities (water, gas, wifi, etc.). If you decide to rent your property we take care of cleaning, linen change, check-in, check-out and maintenance.
INVEST IN VALENCIA WITH BLUE KEY
The average annual temperature of 18 ° C, the 300 sunny days per year, the 20km of beaches and the cultural heritage make Valencia the ideal city to live and invest in. Most first time visitors fall in love with the city. They immediately agree that it is better to live in Valencia than in Madrid or Barcelona and establish their own personal top 10 reasons to visit Valencia.
At Blue Key we are ready to welcome you in Valencia! We are you one-stop solution provider. We help you find a great property and rent it out to tourists and expats. A win-win for everybody.
Contact us for more information and definitely check out this link to useful information about expats in Valencia. And do not forget to join our facebook group “Expats living and working in Valencia“.
Contact us using this contact form, or send us an email on [email protected]\
