Published 14/09/2017 by Carrie Frais

Valencia Real Estate Market Report Q1 & Q2 2017

The Lucas Fox Valencia Market Report for the first half of 2017 shows an increased interest in those looking to invest in Valencia due to the city’s attractive property prices and excellent quality of life.

Lucas Fox Valencia has had an excellent first half of the year with both the number and value of sales transactions showing a significant increase over the same period in 2016.

Here are some of the highlights from the Valencia Market Report for Q1 & Q2 2017:

  • Lucas Fox Valencia sold 156% more homes during the first half of 2017 than in the same period in 2016.
  • The value of Lucas Fox Valencia sales increased by nearly 200% in the first 6 months of 2017 compared to the same period in 2016.
  • According to the National Institute of Statistics, Valencia Province averaged 2,229 transactions per month in the first half of 2017, up from an average of 1,920 in the first half of 2016, showing an annual growth rate of 16%.
  • According to property portal Idealista, property prices for the city of Valencia averaged at €1,594 per square metre by the end of June 2017, up from €1,486 per square metre at the end of June 2016, showing an annual growth rate of 7%.
  • Lucas Fox buyers looking for a primary residence in Valencia dominated the market during the first 6 months of 2017, with just under half buying property as a main home.
  • According to Idealista, rental prices in Valencia have continued to increase with the average rental price ending the half-year on €7.7 per square metre, up 13% on the average price at the end of June 2016.

“We have seen a noticeable growth in the number of national enquiries in the first half of 2017 and around 50% of our clients are English-speaking. There have also been more investors around, thanks to the city’s attractive property prices, good rental yields and, of course, Valencia’s fantastic quality of life.”

Juan Luis Herrero, Partner Lucas Fox Valencia

Download the Lucas Fox Valencia Market Report Q1 & Q2 2017

Download the complete Lucas Fox Market Report Q1 & Q2 2017

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