 |
|
|
| Contact: Tel: 0034 637 594 279 or 0044 (0)161 408 2279. email: info@loshildickos.com. Address: Plaça de la Concepión, Bajo 8,Ontinyent,46870,Valencia,SPAIN. | ||
|
|
||
| Feature Properties |  |
| Development Properties | |
| Apartments | |
| Villas | |
| Town Houses | |
| Country Houses | |
| Plots of Land | |
| Commercial | |
| Off Plan Properties | |
| Luxury Homes | |
| Advanced Search | |
Letter from Valencia. Friday, July 20, 2007
Notorious for tales of ‘land grabs’, Valencia is now building a new profile based on cheaper property prices and a wealth of tourist attractions and events. Following the success of the America’s Cup hosted by Valencia, the city is keen to cast off the notorious “land grab” label and capitalise on the goodwill created by the sailing event.
Formula One boss, Bernie Eccleston, has also confirmed that Valencia will host Spain’s second Grand Prix for the next seven years, using the regenerated harbour to stage the event.
A new football stadium in aluminium, glass and wood is due to be completed by 2009 and the city is also keen to host the World Athletics Championship.
Europe’s larges Aquarium and the City of Sciences complex can also be found there, with low-cost flights from the UK and Ireland, including Easyjet, Ryanair, Thomsonfly and Clickair, arriving daily.
Valencia City has seen €1 billion worth of infrastructure development, including a high-speed rail link from Madrid, redevelopment of the harbour and the extension of the metro and main airport. It also attracts more than 4 million visitors a year.
The notorious land grab issue generated plenty of bad press, which will have scared off many buyers, but the LRAU (Ley Reguladora de la Actividad Urbanistica) was revised last year and officials say that as long as clients consult properly with a lawyer and ensure they are buying land designated as “urban”, property purchases should be sound.
Justyn Medd of European Villa Solutions says that attractive property prices are also helping boost Valencia’s profile. “People can buy a detached villa a few miles inland for the same price as an apartment in some of the more expensive Costas,” he said. Average property prices in Valencia were €217,000 in May, 13% below the national average, according to Kyero.com (which monitors ‘for sale’ prices across Spain).
The price of new-build property in Valencia City is increasing too, by more than 15% in 2006 and now standing at €2,211 per sqm (almost half the price of new builds in Madrid or Barcelona). Inland towns such as Bocairent offer prices 25% below the province average. Oliva on the southern coast is 14% below. In contrast, Valencia City itself has prices 19% above the national average.
The most sought-after properties in the province are 3-bedroom villas.
Story from OPP