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Wednesday, December 17th, 2014

Valencia, an established alternative for real estate acquisition

Bright room with views of the cityIn recent years the attraction of the city of Valencia has grown exponentially and the metropolis is now an established alternative to Madrid and Barcelona when it comes to the high end residential real estate market. Valencia appeals not only to new residents but also to businesses and institutions who see this city as the ideal location to settle down and carry out their operations. It is worth noting the presence, in the installations of the Palau de les Arts Reina Sofia, of the European seat of the prestigious Berklee College of Music, which is well situated in central Valencia and actively contributes towards the cultural enrichment of the city through its performances including the recent concerts celebrated in the City of Arts and Sciences.

Various factors help us to understand the growing attraction of Valencia in the nation’s conscious compared to the more conventional options of Madrid and Barcelona. Firstly, as well as the size of the city which makes it a manageable and easily accessible metropolis for visitors and residents, it also benefits from an excellent geographic position next to the Mediterranean Sea with a wide selection of exclusive urban beaches such as Cabanyal and the Malvarossa nearby. A short distance from the urban centre we find other areas also of great interest such as El Saler or El Perelló. Another favourable feature of Valencia is its temperate climate boasting mild winters and hot summers,Fantastic modern design living room but luckily not as hot as in the more southern regions of Spain! On the other hand, the array of cultural activities is extensive, with a wide range of museums on offer such as the renovated IVAM, the San Pío Musuem of Fine Arts and the Valencia Museum of Illustration and Modernity (MuVIM). In addition to this cultural offering, there is also a diverse historical heritage with landmarks such as la Lonja, declared a World Heritage Site, being one of the most significant. The celebration of the internationally recognized festival las Fallas, which each year attracts thousands of tourists to the city, is also spectacular.

Furthermore Valencia has an extensive offering of commercial and dining options. Chefs of international prestige have endorsed Valencia as a city that gives free rein to their creativity. The long list of chefs is headed without a doubt by the two restaurant owners Quique Dacosta and Ricard Camarena, but it is also worth nothing other names such as Bernd Knöller, Jorge de Andrés, Quique Barella, Vicente Patiño, Raúl Aleixandre o Alejandro del Toro, who all add something different to the contemporary gastronomy of Valencia.

Another advantage of the city is its accessibility, not just on a national level (Madrid and Barcelona are merely a few hours away thanks to AVE and Euromed respectively, while the Costa Blanca with its magnificent beaches of Dénia, Altea and Jávea is just 100km away) but also on an international level thanks to the Manises airport. In addition foreign residents established in the city have a large range of excellent education establishments at their disposal including international education centres such as the American School or Caxton College, situated next to residential area of Los Monasterios.

Spacious living room with large windowsAnother positive aspect of the city, last but not least, is the quality of the luxury properties available, from penthouses in newly constructed buildings in exceptional locations such as the Avenida de Francia or overlooking the old riverbed of the Túria River, to spacious apartments in modern buildings or those in the historic centre of the city. These properties are valued with highly competitive prices which make the city even more attractive with regards to real estate when compared to the cities of Madrid or Barcelona. All of the aforementioned factors combine to form a truly magnificent city and one with a great deal of attraction for the national and international buyer.

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