Buying a House in Valencia in 2025? Buy stress-free with our legal and housing market tips!

Author: Inma A.

Profession: Lawyer

Completed cases: 226

Inma has been helping English-speakers relocate to her home town for more than 20 years. She is a recognised as a local expert and is ready to assist anyone making the move to Valencia.

View Inma's full Bio

Author: Inma A.

Inma has been helping English-speakers relocate to her home town for more than 20 years. She is a recognised as a local expert and is ready to assist anyone making the move to Valencia.

Speaks languages:

View Inma's full Bio

Valencia is now one of the best places to buy in Spain and so it’s no surprise that demand for property in the Valencia region has been increasing over the last few years.

This could be because the Capital City of the Valencia region offers the perfect balance - all the city amenities but without the crush and claustrophobia of buying property in Barcelona or Madrid.

But relocating abroad is a complex process so it’s always wise to be aware of the potential pitfalls. Below you will find an overview of the most important things to consider and some information on the most popular areas.

Want to hear what other clients
are saying about us?

G o o g l e reviews

222 reviews

4.7

4.7

Consult an Expert

With its culture, beaches and city life, Valencia is a great destination for those looking to relocate to Spain.  it’s no wonder the property market is hot! Before you buy a property it’s essential to understand the nuances of buying a house in Valencia.

According to property valuers Tinsa, the property market in the main districts of Valencia in late 2023 was as follows:

When buying property in Valencia there are several legal considerations:

1. Hire a Lawyer: Engage a local lawyer experienced in Valencia property transactions. They will navigate the complex legal system and ensure all documentation is correct and complete.
2. Property Registration: Ensure the property is registered with the Land Registry. This is vital to confirm ownership and identify any charges or debts on the property.
3. Contract Terms: Read the sale contract carefully. It should outline the sale price, payment terms and any conditions precedent to the sale.
4. Buying a house in Spain is complex and requires undivided attention to details to avoid problems.

Just like with any major investment  the commercial aspects of a property purchase can be tricky. Here are some tips:

1. Negotiate: Valencia property prices can be negotiable. Don’t hesitate to negotiate with sellers to get the best deal.
2. Understand the Market: The property market in Valencia varies by neighborhood. Research different areas to find the best location for your lifestyle and budget.
3. Check for Hidden Costs: Be aware of additional costs such as taxes, notary fees and registration fees. These can add up so factor them into your budget.

Valencia has a wide range of properties from modern apartments in the city to traditional villas in the suburbs. Here’s what to consider:

1. Location: Whether you prefer city life or a quiet suburban area, Valencia has something for you. Popular areas include the city centre, beachfront properties and charming villages.
2. Property Type: Do you want an apartment, villa or townhouse? Each has its advantages so choose one that suits your needs and budget.
3. Future Developments: Consider the potential for future developments in the area. New constructions can increase property value but also bring noise and traffic.

A good estate agent can be invaluable. They can provide insight into the Valencia property market and find properties that match your criteria. When choosing an agent:

1. Experience Matters: Look for agents with experience in the Valencia market.
2. Local Knowledge: An agent with local knowledge can give you insider tips on the best neighborhoods and properties.
3. Client Reviews: Check reviews and testimonials from previous clients to gauge the agent’s reputation and reliability.

If you are an international buyer, there are additional considerations:

1. Currency Exchange: Keep an eye on the currency exchange rate. A good rate can save you a lot of money.
2. Mortgage Options: Check mortgage options for non-residents. Some Spanish banks offer good deals for foreign buyers.
3. Residency Status: If you plan to stay in Spain long-term understand the residency requirements. Buying property can sometimes help with obtaining residency in Spain. 

Of course all such lists are subjective but in any case Valencia is a city of many neighbourhoods each with its own charm and appeal. Here are five areas I consider particularly interesting for foreigners to buy in Valencia:

1. Ruzafa (L'Eixample)

Ruzafa is the trendy neighbourhood of Valencia, blending tradition and modernity. It’s famous for its social and cultural life, Ruzafa attracts families, tourists and students. The area is full of restaurants like Canalla Bistro and Nozomi, nightclubs and pubs. While prices are high, the proximity to the city centre and good public transport connections make it a desirable location.

As of Q1 2024 the average price per square metre in Ruzafa is €2,809. This is a steady increase, reflecting the area’s growing popularity among young professionals and expats. The year-on-year change shows a 10.1% increase, indicating strong demand for properties in this district.

Local Points of Interest:

• Mercado de Ruzafa
• Numerous cafes and boutique shops
• Proximity to the city center

Ruzafa  Pros & Cons

1. Social and Cultural Life: Ruzafa is known for its lively social scene, mixing tradition with modernity. It’s a popular spot for families, tourists and students.
2. Diverse Dining: The area has a wide range of restaurants, including famous ones like Canalla Bistro and Nozomi.
3. Nightlife: There are many nightclubs, pubs and bars, it’s a hotspot for nightlife lovers.
4. Close to City Centre: Ruzafa is close to the city centre, making it more attractive.
5. Public Transport: Good connections via public transport.
6. High Rental Prices: The cost of living in Ruzafa is one of the highest in Valencia due to its popularity and location.
7. Noise: The nightlife can be noisy, not suitable for those looking for a quiet environment.

Want to hear what other clients
are saying about us?

E x c e l l e n t !

See our Independent reviews

4.8

457

ratings

4.8

457

ratings

Consult an Expert

2. El Carmen

El Carmen is for those who love a young and alternative atmosphere. It’s famous for its nightlife, cultural activities and historic charm. This neighbourhood is full of bars, galleries and cultural spaces, it’s a favourite among artists and students. But be prepared for lively nights as it’s part of the historic centre and known for its nightlife.

The average price per square metre in this district is around €2,216 as of Q1 2024. This area has a 9.1% year-on-year growth.

Local Points of Interest

1. Torres de Serranos and Torres de Quart
2. Numerous bars and cultural venues
3. Historic cobblestone streets

El Carmen Pros & Cons

1. Youthful and Alternative Atmosphere: El Carmen has a young and alternative vibe, with a mix of students, artists and bohemians.
2. Rich Cultural Life: The area is full of bars, cultural venues and lively night scene, perfect for those who enjoy an active social life.
3. Historic Charm: As part of the historic centre, it features beautiful old buildings and cobblestone streets.
4. Noisy Nights: Due to its nightlife and central location, El Carmen can be quite noisy, especially at night.

3. Patraix

Patraix is one of the best neighbourhoods in Valencia, particularly valued for its family friendly environment. It’s close to the city centre and has many amenities, supermarkets, hospital, schools and parks. The mix of cultures adds to the charm of the area with many restaurants offering international cuisine.

As of Q1 2024 the average price per square metre in Patraix is €1,654. This area is becoming more attractive due to its family friendly environment and local amenities. The latest data shows a small increase in prices, 5.9% year-on-year.

Local Points of Interest

1. Bulevar Sur for outdoor activities
2. Diverse dining options
3. Excellent community facilities

Patraix Pros & Cons

1. Family-Friendly: Patraix is valued for its family-friendly environment, with  supermarkets, schools, parks, and a hospital.
2. Cultural Diversity: The neighbourhood has a mix of cultures, reflected in its international restaurants.
3. Close to City Center: It’s close to the city centre, perfect for commuting.
4. Limited Nightlife: Compared to Ruzafa or El Carmen, Patraix might seem quieter and less exciting for those looking for nightlife.

4. Penya-roja (Camins al Grau)

Penya-roja is for its proximity to the City of Arts and Sciences and the old Turia riverbed, now a beautiful park. Over the last 20 years this area has seen a lot of development, with new shopping centres like Aqua and El Saler and many dining and leisure options. Future connection with Parque de Desembocadura will make it even more attractive.

The average price per square metre in this district is around €2,039 as of Q1 2024. Penya-roja has been benefiting from urban development over the last few years, 9.9% year-on-year.

Local Points of Interest

1. City of Arts and Sciences
2. Turia Gardens
3. Modern shopping centers

Camins al Grau Pros & Cons

1. Proximity to Attractions: Close to the City of Arts and Sciences and Turia Gardens, perfect for those who enjoy cultural and leisure activities.
2. Modern Amenities: The area has seen a lot of development, modern shopping centres like Aqua and El Saler.
3. Future Developments: Planned future connection with Parque de Desembocadura.
4. Growing Popularity: As the area develops, it may face traffic and higher property prices.

5. Pla del Real

Pla del Real has all services at hand and is near the large Jardín del Turia. This area is perfect for those who want to live close to the university and enjoy a lively social scene. It also has Valencia CF’s stadium, so it’s exciting during football matches.

The average price per square metre in Pla del Real is €2,514 as of Q1 2024. This area has been stable in prices over the last few years, with recent data showing 5.1% year-on-year growth.

Local Points of Interest

1. Jardín del Turia
2. Valencia CF’s Mestalla Stadium
3. Variety of bars and restaurants

Pla del Real Pros & Cons

1. Great Location: Near Jardín del Turia, with green spaces and recreational areas.
2. Good for Students: Close to the university area.
3. Sports and Leisure: Home to Valencia CF’s Mestalla Stadium, so exciting during football matches.
4. All Services: Has all necessary services, bars, restaurants, and cinemas.
5. Football Crowds: Presence of the stadium can cause traffic and noise on match days.

1. You can apply for your NIE (Foreign identification number), which is the number granted by the Spanish authorities necessary to carry out any economic transaction in Spain.
2. You can open a Spanish bank account, since you will also need it at the time of purchase, so it’s better to start the process as soon as possible. You will also need some documents to open a bank account in Spain to prove your income like payslips, tax return, bank statements, etc. because the bank must comply with EU regulations regarding money laundering.
3. When you find the property you like, I recommend you don’t sign any reservation document or anything similar before your lawyer checks the property.
4. Oce the price of the property has been agreed, the lawyer does due diligence on the property, to ensure the property has no charges, liens or mortgages and the sellers can sell the property and all expenses related to the property have been paid (taxes, utilities, etc.) and the property complies with all legal requirements. This may take approximately 2/3 days.
5. Once the legal status of the property has been checked, you can sign the private deposit contract (arras contract) where the buyer and the seller agree the price of the sale, the expenses of the purchase, deadline to sign the final purchase and also, other conditions of the purchase may be added. It’s very important that this contract is clear to both parties because this is the basis of the final purchase.
6. Usually at this time you will pay from 3.000.-euros to 10% of the purchase price to the seller to take the property off the market.
7. When everything is ready, the public deed of sale will be signed before the Notary. On that day, sellers and buyers meet in the Notary’s office and the buyers pay the balance of the price to the seller and the expenses from the purchase, and the seller will give the buyers the keys and also, some documents which states that all the expenses from the property has been paid until that date. A certificate of Energetic Efficiency is mandatory to be issued too.
8. Expenses related to the purchase of a property in Valencia: In the Valencian Community (Valencia, Castellón and Alicante) these expenses are as follows (based on a purchase price of 200.000.-euros):
   1. Purchase taxes (ITP and AJD) 10% of the purchase price = 20.000.-euros
   2. Notary fees: 500.-euros approx.
   3. Land Registry fees: 600.-euros approx.
   4. Lawyer fees 1% of the purchase price: 2.000.-euros plus VAT
   5. Estate agent´s fees: their commission depends on each case, so I recommend you always ask when you are visiting the property, just in case it is expected that you pay this also. Usually it is from 2% to 4% of the purchase price, plus VAT.
   6. If you are not planning to relocate to Valencia, your property will be subject to Spanish non-resident property tax.
9. The deed of sale has to be registered in the Land Registry once the Taxes of the purchase has been paid. This process could take 2/3 months and after that, you can pick up the original copy of the deeds. I recommend that you keep with you until you wish to sell the property and four years minimum after that, because you may need it for tax purposes.
10. Once you are the owner of your home in Spain, there will be a minimum level of expenses relating to the property, which will vary depending on the type of property, location etc-as follows:
    1. Rates (IBI),to be paid once a year. Also, if you buy a house in the countryside, you may have to pay some additional taxes for rubbish collection.
    2. A minimum of the utilities (electricity, water, etc.) each month
    3. Property owners' association (if your property is one of many in a building) each quarter
    4. Non-resident Taxes (IRNR) or, if you become resident in Spain, Income Taxes (IRPF). You pay such taxes once a year.

Housing Costs

Valencia offers a variety of housing options, with rental prices varying by neighborhood. In the city center, a one-bedroom apartment typically costs around €800 per month, whereas similar apartments outside the center cost about €600 per month. Shared accommodations can range from €200 to €300 per month. Overall, housing costs in Valencia are relatively affordable compared to other major Spanish cities​.

Taxes

Residents of Valencia are subject to various taxes, including income tax, property tax, and value-added tax (VAT). Income tax rates range from 19% to 47% depending on earnings, while property tax is based on the cadastral value of the property. VAT in Spain is generally 21%, with reduced rates for certain goods and services​.

Transportation

Valencia boasts a comprehensive public transportation system, including metro, buses, and trains. A single metro ticket costs between €1.50 and €4.80 depending on the zone, with a 10-trip pass available for €8. Monthly passes range from €17.50 to €65.50 for unlimited travel within specified zones. Taxi fares average around €11 for a 10-minute ride, and petrol costs approximately €1.45 per litre.

Cost of Groceries

Grocery prices in Valencia are very reasonable. Milk €0.76 per liter, bread €0.94 for 500g, eggs €1.79 per dozen. Fresh produce like tomatoes and oranges €1.77 and €1.76 per kilogram respectively. Eating out is also very affordable, €10 for a mid-range restaurant meal.

Leisure

Valencia has a lot of culture and leisure activities. Cinema tickets €9, football match tickets for Valencia CF €20. The nightlife in El Carmen and Ruzafa areas is very good and there are many bars and clubs. Gym membership €30 per month, broadband internet €35 per month.

In summary, having a specialised  English-speaking lawyer to assist you with your property purchase in Valencia is an investment to make the process stress free.

Is Valencia a good place to buy property?

Valencia is a fantastic place to buy property. Known for its sunny climate and vibrant lifestyle, Valencia offers a unique blend of culture, cuisine, and affordability. The city's diverse neighborhoods cater to various preferences, from historic charm to modern amenities. Additionally, Valencia's real estate market presents strong investment opportunities with excellent rental yields and reasonable property prices compared to other Spanish cities.

Is Valencia expensive to buy property?

Valencia is relatively affordable for property buyers compared to other Spanish cities. As of Q1 2024, the median price for apartments in Valencia is €2,070 per square meter, while houses average €1,750 per square metre. This makes Valencia a competitive market, offering good value for money. Property prices have shown a stable increase, indicating a healthy and growing real estate market. Overall, Valencia provides an attractive balance of cost and investment potential, making it a favourable location for property purchases.

How much money do you need to live comfortably in Valencia Spain?

 Valencia is relatively affordable for property buyers compared to other Spanish cities. As of Q1 2024, the median price for apartments in Valencia is €2,070 per square meter, while houses average €1,750 per square meter. This makes Valencia a competitive market, offering good value for money. Property prices have shown a stable increase, indicating a healthy and growing real estate market. Overall, Valencia provides an attractive balance of cost and investment potential, making it a favorable location for property purchases.

What are the disadvantages of buying a property in Spain?

Buying property in Valencia, Spain can bring disadvantages. Hidden costs, such as property taxes, registration fees, and legal fees, can quickly add up. The complex legal and bureaucratic processes can be challenging, especially for foreigners. The property market's lack of regulation poses risks, including unclear land boundaries and potential issues with off-plan properties. Additionally, coastal and heritage properties may face strict environmental and renovation restrictions.