Valencia – Build, Sell or Lose

It’s been a year since the City Council of Valencia has approved measures to encourage building on ruined and abandoned sites, and those measures are already showing the results. A list that was created at that time has grown to 60 different sites throughout Valencia, where the owners were given a simple choice: is built,…

Patacona, should you buy or sell?

Although it was never cheap, the area of Playa Patacona, (part of Alboraya municipality) showed one of the biggest price gains in all of Valencia. With all the new construction planned for the next couple of years, it might even accelerate this growth. With an average asking price of 3.609 euros for square meter, a beach…

Valencia, the star of Spanish tourism

National statistic figures for April show a worrying decline in the number of arrivals in Spain, with only one exception, Valencia Province, which defied the trend and showed a strong growth. Is something changing in the Spanish tourist market? The last couple of years were times of an unprecedented growth in tourist numbers – arrivals,…

Golden Visa not so shiny

For many who purchased property to obtain Golden Visa and ultimately become Spanish citizens, this article will be disappointing.  Spain blames computer glitch for huge citizenship application backlog Only 28,077 requests were processed in 2017, leaving more than 400,000 cases still pending   The Spanish administration’s drive to digitize its services has had an unexpected effect…

Rascanya rents better than Carmen

According to a recent study from Hosbec, Rascanya is the barrio of Valencia with the highest occupancy rate of all. The capacity gap between hotel accommodation and so-called private accommodation, (saturated mainly around AirBnb platform ) is getting wider and wider. The private accommodation boom shows no signs of slowing down, and according to a…

Valencia joins the battle against mass tourism

Valencia is the latest Spanish city to introduce curbs on private holiday rentals in a bid to tackle mass tourism. A new tourism law to be voted on by the regional government will give local authorities the power to regulate holiday rentals zone by zone. The tourism boom in Spain has caused a growing backlash…

Foreigners make up 20% of all the sales

According to the latest statistics of  General Council of Notaries, (Consejo General del Notariado) 2017 was a record year for foreign purchases of real estate in Spain. Out of 513.814 purchases recorded, foreigners were responsible for just over 100.000 of sales. It is the first time in Spanish real estate history that this number has…