The Extramurs neighbourhood is a central area of the city of Valencia, articulated around the Avenida Fernando el Católico, a large landscaped road that connects the city of Valencia with nearby residential areas such as those located next to the towns of Rocafort and Godella. Both sides of the Gran Vía are lined with classical and contemporary buildings of high construction quality.
Is Extramurs a well connected neighbourhood?
Extramurs is one of the best communicated areas in Valencia, if we take into account that, due to its size and characteristics, the city itself is extremely manageable for residents and visitors.
The area around Avenida Fernando el Católico is just a stone’s throw from the commercial centre of the city and the avenue itself is a gateway to the residential areas closest to Valencia, such as Campolivar and Santa Bárbara.
The exit to Madrid (which includes Manises airport) or Alicante and southern beaches (Pinedo, Saler, Perellonet) is a five-minute drive away.
The residents of Fernando el Católico and adjacent areas have a multitude of bus and metro services at their disposal, which connect Extramurs by public transport with the rest of the city quickly and efficiently.
What services can I access if I buy a property in Extramurs?
Residents and homebuyers in Extramurs have a wide range of services at their disposal. On the cultural front, the neighbouring Avenida de Guillem de Castro is home to two important museums: the Museo Valenciano de la Ilustración y la Modernidad (MUVIM) and the Instituto Valenciano de Arte Moderno (IVAM).
Sports enthusiasts have a great complex: the Abastos sports centre (with swimming pool, gym and supervised classes) and the possibility of quickly reaching the Turia riverbed to enjoy running or cycling.
As well as excellent restaurants (Rausell, Inka, Maluquer Quattro), it is possible to enjoy a first drink in places such as the güisquería Negresco (an institution in the city) or George Best, a pub specialising in British music.
Is Extramurs an area suitable for families?
As has happened in other districts of Valencia, the Extramurs area has experienced a renewal of its neighbourhood with the installation in recent years of young families with children. In relation to this, Extramurs has excellent educational centres, such as the Escolapios school or the public school located in the Abastos sports complex, with one of the highest average grades in the city.
Is Extramurs a safe area to buy a property?
As is the case in practically all areas of the city of Valencia, Extramurs enjoys a great sense of security. This is helped by the fact that there are two police stations within a narrow radius: those located in the Abastos complex and Calle del Hospital, as well as the Police Headquarters, located in the middle of Avenida Fernando el Católico.
What type of property can I access in case of buying a property in Extramurs?
The estates on the banks of Avenida Fernando el Católico, in Extramurs, stand out for their central location. Many of them were built between the fifties and eighties of the last century, with an important construction quality. Other buildings, although more recent, are also of excellent construction. In these buildings you will find spacious and comfortable homes, many of them with a terrace and the possibility of a garage in the same building. Buying a property in Extramurs, due to its quality and location, among other factors, is a great option, although as always, we recommend the advice of a real estate expert from the first phase of the purchase process so that the buying experience is a success for both the buyer and his family.
Is it a good option to buy a property and rent it out?
Valencia is a very active city in the rental market. More and more national and foreign professionals are choosing Valencia to develop their careers. In addition, Valencia is a city that receives thousands of students every year, as it has excellent universities and prestigious teaching centres, such as the European headquarters of Berklee College of Music. Acquiring a property for the rental market is an increasingly widespread option. At Rimontgó we will advise you step by step if you wish to explore this option.
What type of foreign clients buy property in Valencia?
There is no defined typology although we can point to liberal professionals who settle in Valencia with their families, those who work for foreign companies with headquarters in the city and, of course, retired people who buy a home in Valencia knowing the quality of life that the city offers.
What guarantees can I count on when buying a property in Valencia?
Firstly, at Rimontgó we always recommend, when purchasing a property, to count on the advice of an accredited and experienced professional. The purchase of a property is a very important decision for any client and for this reason we insist on the need for advice and help. The housing market in Valencia, as in the rest of Spain, is regulated and has all the legal guarantees that protect the interests of both the buyer and the seller.
What are the expenses derived from the purchase of a property in Valencia?
The costs for the buyer in Valencia are the same as in the rest of Spain. Notary and Land Registry fees, Value Added Tax (VAT), Stamp Duty and Transfer Tax. Some of these expenses depend on the value of the property. At Rimontgó we will accompany you in all the phases of the purchase, and previously we will offer you a detailed report of the expenses derived from the acquisition of the property.
How long does it take to buy a property in Valencia?
There is no definite time frame. At Rimontgó we always recommend calmly analysing the market and the different proposals it has to offer. The purchase of a property is a unique decision, extremely important and that affects both the buyer and their family, which is why haste is not a good advisor. It is essential to take as much time as the client needs to choose the best option.
Is it advisable to go to a real estate company when buying a property in Valencia?
It is not convenient. It is essential. In Spain, the home buying and selling market is a free market, which is why at Rimontgó we always recommend that you turn to professionals with experience and prestige. Expert advice in all phases of the purchase is the best tool to make an optimal decision.
Do I need any special documentation to buy a property?
At Rimontgó we advise our clients in all the administrative processes related to the purchase of a property, such as obtaining the NIE, opening a bank account or choosing a notary to carry out the signature with all the legal guarantees.