Valencia Property Prices 2007
The official Spanish property news bulletin stated the other day that Valencia remains the second favourite city for investors in the property market despite the continuing price rises. And while those price rises have been spectacular in 2005 and 2006 we should bear in mind a few of the following facts:
For those who think that Valencia is now an expensive city – think again. The average price per sq. metre in Barcelona is 4.192 €, Madrid 3.870€, San Sebastian 3.807€, and Bilbao at 3,076€. Yet, with all its increases Valencia now comes in as Spain´s 3rd largest city at 2.211€.
The thing is that the above cities also saw price rises, not such spectacular ones as Valencia it´s true but then they started at a higher base level. If the much talked about America´s Cup has been the catalyst for the city´s make-over (and what a make-over, few cities could afford the cost of 500 million euros to secure the cup!) then all well and good as the effect will last long after the Cup eventually sails away and we - the residents – all benefit from a much more glamorous and cleaner city which has finally been put on the map.
For those who think that Valencia is now an expensive city – think again. The average price per sq. metre in Barcelona is 4.192 €, Madrid 3.870€, San Sebastian 3.807€, and Bilbao at 3,076€. Yet, with all its increases Valencia now comes in as Spain´s 3rd largest city at 2.211€.
The thing is that the above cities also saw price rises, not such spectacular ones as Valencia it´s true but then they started at a higher base level. If the much talked about America´s Cup has been the catalyst for the city´s make-over (and what a make-over, few cities could afford the cost of 500 million euros to secure the cup!) then all well and good as the effect will last long after the Cup eventually sails away and we - the residents – all benefit from a much more glamorous and cleaner city which has finally been put on the map.
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