Valencia Property Blog

The first half of the year has pretty much flown by here in Valencia as the property market continues to move robustly. More demand, less supply, more demand, less supply, more demand, less supply... you can see how it goes. Falling interest rates, increasing incentives for young people wanting to buy, fewer rentals available so people being forced to buy if they can manage to save a deposit, more bank of mum and dad, more demand, less supply, more demand, less supply... That's it. End of report. No it isn't. Read on.

As usual we are putting our latest report in terms of completed sales. We will look into prices, types of properties, nationalities, locations and a whole lot more along with a general overview.

Sales

At the half way point last year we were on target for a record year in terms of sales and by the end of the year we had beat our record for the number of sales made. This year we are ahead of our numbers for last year, not by far, but around 8% more than last year. It's difficult to compare exactly due to time periods between deposits and completions but we are ahead of where we were for sure.

The average sales price that we have made is almost exactly the same to the percentage point! Yes, you could say that prices have stopped rising just based on our sales but that's not true. According to Idealista and others year on year prices have risen by 20.1% in Valencia. However that encompasses a whole year from July 2024 to June 2025, whereas our figures this year are for the first six months in a period where the Golden Visa was discontinued back in April and we have made more sales of larger houses outside of the city of Valencia itself where prices are higher for much bigger properties.

Locations

71% of our sales this year have been in the city of Valencia and 29% outside. So yes, compared with 2024 we are again seeing a rise in the number of apartments sold in Valencia city itself. When you consider that some of our other sales have been in Alboraya and Burjassot, essentially parts of Valencia these days, then that percentage rises to 77%. Outside the city we have seen the usual suspects of L'Eliana, Ribarroja, la Pobla de Vallbona, San Antonio and Betera appear and further afield we have representation from Denia, Gandia, Lliria and Godelleta. Still nothing in Naquera and Serra this year yet but we remain hopeful with some of the properties we have for sale there.

Nationalities

Like the last few years our largest client base continues to be the United States but this number has now jumped to 44% thanks to the Orange Sh*tgibbon running the country (Into the ground) The Netherlands has jumped back into the top two with around 20% of sales knocking back the UK into third with around 16% of sales. Other countries represented are Spain, Japan, Canada, Ireland, Colombia, Hungary and Australia. However the spread is only ten countries so far this year so it's time for others to step in from Germany, Belgium, France, Mexico and more...

Types of Property

75% of our sales have been for apartments both within and outside of Valencia, with just 20% for villas and 5% for townhouses. Townhouses continue to be criminally overlooked as places to live in my opinion (Having lived in a townhouse for 25years plus!) Of the places we have sold around 40% have required some form of modernisation ranging from a new kitchen to a full modernisation of the whole house. And this continues to be the mantra... find a place you like in a good location and make it your ideal place by modernising as it's unlikely you will find something that ticks all of your boxes out there for sale. A good 6 or 7 out of ten can be made into that ideal place with a thoughtful modernisation.

Financing

We are finding that many of our North American clients are choosing to get a mortgage, not because they need it but because the mortgage rates in the Eurozone are significantly lower than those in North America and below the interest rates being given for savings in the States. Just this week in a client meeting the potential buyer decided to investigate a mortgage as their investments in the States are paying between 6-8% and we can definitely get them a mortgage around the 3% mark. There is a currency risk of course as the dollar falls due to the incompetent bunch of idiots running the US economy (see the below graph of the dollar to Euro value over the last six months) and that's the effect of gross incompetence and idiocy. The last time the dollar was this low against the Euro was at the end of Trump's last four year disaster before it recovered under Biden. Trump took it down to 0.81c last time on the 6th January 2021 (Bonus points for guessing what happened that day)

Client Funnel

Despite the weakening dollar our client funnel from the States remains strong. Most people tell us it's only going one way so if they can get 0.85c now they may as well. Remember I wrote the following back in... checks notes... April this year. We said then it's only going one way when it was 0.92c, it continues to go that way.

Three months ago the dollar was worth 8% more than it is now against the euro. A 500k Euro house would mean $545k back in April. It's now $585K. Meanwhile prices continue to rise here due to the demand mentioned above. If you are thinking of making the move do it now. You can see what it meant to those who have already made the move here or by clicking on the image below.

The Valencia Property Market

I could just cut and paste what I said in December that prices have risen by over 20% in the last year in the city and around 15% outside the city in the region with some places having risen more than others, the most popular places of course show supply tighter than two 1970s Italian football defences playing Catenaccio. With mortgage rates dropping, rental prices rising and rentals being scarce for anyone at a decent price then expect more people making the choice to buy.

The Lack of Supply

About that lack of supply. For all of the reasons written about in January this year, it's not loosening up any time soon. The graph below continues to dominate. The more households created, the more properties are needed and the number of households created in outrunning the numbers of places built. More demand, less supply.

Getting Priced Out of the Market

I wrote the following in 2024

"For Some The Train Has Left The Station"

"I was talking with my colleague Gavin and he said that for some people who he has been working with for a year or so there is now no chance of finding what they want based on their requirements. They had a chance last year (2023) at the price they wanted and could afford, with the requirements they had and in the areas they wanted but now... it's simply impossible. The train has now left the station for them and it's not coming back any time soon. As I said above in the conclusion there will be A consistent uptrend (in prices) to continue for sure. For those clients unfortunately they will not be buying in Valencia... unless...

The only options they now have are to change the criteria, change the location or change the price they can pay by getting finance through a mortgage. The train still hasn't reached the stations around the city, local trains are slow ;-), but it will be there soon. If you are looking at property at your price limit and there is one that ticks most of your boxes then maybe decide to go for it.

At the lower price ranges, and that means anything up to 300k in the city now, we can no longer say to you "Be patient and something will come up". It almost certainly won't. As prices rise your wages don't generally rise at the same rate and your savings most certainly don't. Use low interest rates to your advantage because that is what everybody else is doing or change the criteria and go for somewhere not as affected by the price changes.

I live outside the city and have done happily for over 25 years. I still consider myself to be living in Valencia but with the best of both Worlds, a great city on my doorstep in 15 minutes and a quieter place to live with more space that I got for my money when I bought. And why didn't I buy elsewhere closer to the city? Well what I wanted didn't exist in my price range so no change there then. (It happened to me back then and it's happening to others now. Trains don't tend to reverse)

Maybe you should fill in the form below and start your process.

Expectations for the Rest of 2025

Most experts (and anyone with half a brain to be honest) agree that prices are going to continue to rise with maybe a slowing down of the rate of that rise. However, a rise of 10% this year rather than 20% like in the last year is still 40k extra on our average sale price and is added onto that 20% from last year meaning something that was 350k just over a year ago might well be over 450k now. Those saying they'll wait until something comes up might be in for a long wait.

We expect to make fewer sales in the second half of the year than we did in the first because that's the way things go. We effectively take August off and will be doing so this year so the client funnel suffers a little. Equally, supply continues to dwindle so finding the right place for people can be taxing at times. However, and here's the important bit, we expect the market to remain strong and we at Valencia Property have the best team to help you to find exactly what you are looking for. Come and join us in Valencia.

Holidays

It's hot, we are feeling frazzled and it's time to have a rest. We are closed for August as we always are but there are a couple of us on the ground that month and if there is no other way of doing it then we will see what we can do to help you. However we are still in July and working in the heat finalising sales, taking people around, taking photos of new properties for the site and generally mopping up beforre the summer break. There will be a new podcast out next week and a blog every week during the summer. Keep an eye out and bookmark the site.

Graham, writing this, will be away in Asturias for August, writing blogs, kicking back and planning the next year of Valencia Property. If you have any questions about property or life in Valencia or you want us to write about something specifically here on the blog or feature something in the podcast then you can contact me here.

Property of the Week. Ruzafa 595K

Renovated properties in Russafa are a bit of a mixed bag. They can all start to look very similar on Idealista, and lately we have to check which photos are real, and which are AI. But that’s what you have us for, to sift out the rubbish and the deception and take you directly to the good stuff.

As in the case of this 3rd floor apartment. These photos are real although to be honest I did have to double check. it just really is this nice. It has east-west orientation, for that legendary cross flow of air. Having just experienced what could be the hottest June on record, do not take things like this for granted. It’s on the southern side of Russafa (the quieter less touristy side). Only 5 minutes from the market, and about ten from the riverbed.

This property has been freshly renovated. The distribution changed to move the bedrooms to the back off the street, and a large open kitchen and living area. There is a balcony out onto the street, and off the main bedroom there is a larger balcony/terrace. Ok, you might not be having dinner parties off your bedroom, but you would certainly sit out there yourself with a coffee/beer/drop of poitín.

Three bedrooms, all with air conditioning. And yes they heat as well before you ask but you probably won’t need that unless you are planning to go back to 2015. There are 2 full bathrooms including one master bathroom and overall a very classy quality of renovation. I really can’t fault this property, if you are looking for a ready to go apartment in Russafa, you won’t do better.

Stepping Stone Rental of the Week

Thinking about relocating to Valencia? This bright 1st floor flat in Cabanyal makes settling in easy. Designed for mid-term stays, it’s fully equipped, move-in ready, and just a short stroll from the beach.

Have you seen the well maintained historic tiling in this apartment!! Look at the pictures

You’ll find a comfy large master bedroom and 2 smaller individual rooms, fast WiFi, and a kitchen with all the necessities—perfect for working, nesting, or just figuring out your next steps in the city. The neighborhood is local, laid-back, and full of stories (and great coffee).

If you’re looking for a smooth landing in Valencia, this might just be your Stepping Stone.

If You Liked This...

Then as usual just click on the images below to be taken to more Valencia Property blogs, properties, pocasts and social media. It's worth it.

Our Latest Substack Post

The Latest Podcast

You Come to Valencia for the Lifestyle Right? buff.ly/pEQ1bHC #Valencia #ValenciaProperty

[image or embed]
— Graham Hunt (@grahunt.bsky.social) July 5, 2025 at 10:01 AM

Latest client review is wonderful. If you want to work with us then contact us quickly. We take most of August off! www.valencia-property.com

[image or embed]
— Graham Hunt (@grahunt.bsky.social) July 3, 2025 at 6:49 PM