How to Buy an Apartment in Valencia: A Complete Guide for Foreign Investors
- narcissus meridas
- Mar 31
- 2 min read
Buying an apartment in Valencia is an excellent choice for both living and investment. The city attracts buyers with its mild climate, affordable property prices, and high quality of life. This guide will walk you through the buying process, costs, taxes, and legal aspects.
1. Why Invest in Real Estate in Valencia?
Valencia is one of the most attractive cities in Spain for real estate investment because:
✅ Affordable prices – cheaper than Barcelona and Madrid.
✅ High rental demand – a steady source of rental income.
✅ Developed infrastructure – excellent transport, shopping, and healthcare facilities.
✅ Great climate – over 300 sunny days a year.
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2. Steps to Buying Property in Valencia
2.1. Define Your Budget and Goals
Consider:
• Do you plan to live in the apartment or rent it out?
• What area suits your needs? For example, Ruzafa is a trendy district with bars and restaurants, while Ciudad de las Artes y las Ciencias offers modern, high-end properties.
2.2. Property Search
You can search for properties yourself or use an agency. Check available listings here.
2.3. Checking Legal Documents
Before buying, verify the property has no outstanding debts and is legally registered:
• Nota Simple – land registry extract.
• Referencia Catastral – cadastral reference number.
2.4. Signing the Preliminary Contract (Contrato de Arras)
This contract confirms your intention to buy and requires a 10% deposit of the purchase price.
2.5. Applying for a Mortgage (if needed)
Foreigners can obtain a mortgage covering up to 70% of the property value. You will need:
📌 Passport
📌 NIE (Foreigner Identification Number)
📌 Proof of income
2.6. Final Purchase and Signing of Escritura Pública
The transaction is finalized at the notary office, and the property is registered with the Registro de la Propiedad.
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3. How Much Does It Cost to Buy an Apartment in Valencia?
Average property prices in Valencia:
• City center apartment: €2,500–4,500/m²
• Villa in the suburbs: €1,800–3,000/m²
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4. Taxes and Additional Costs
Cost | % of Purchase Price |
Property Transfer Tax (ITP) | 10% |
Notary and Registration Fees | 1–2% |
Legal Services | 1% |
Total additional costs: approximately 12–13% of the purchase price.
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5. Golden Visa: Residence by Property Investment
If you buy property worth €500,000 or more, you may qualify for a Spanish Golden Visa, allowing you to reside in Spain and travel freely within the EU.
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6. Best Areas to Buy Property in Valencia
📍 Top Neighborhoods
• Ruzafa – a lively area with a great social scene.
• El Carmen – the historic center with traditional architecture.
• Malvarrosa – a beachfront district perfect for rentals.
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7. Conclusion
Buying property in Valencia is a profitable investment and a chance to enjoy life in one of Spain’s best cities. If you need help finding the right property or handling legal formalities, contact INMOPREST – we make the buying process smooth and secure.
📞 Contact INMOPREST:
📍 Valencia Office
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