Added: ( August 2008)
Valencia F1 Property Readies Itself for the Off
After more than a year of waiting since the announcement that Formula 1 would be coming to Valencia for an incredible 7 years with the possibility of an extension, the hour is finally upon us. Formula 1's arrival in the city was due in no small measure to the runaway success of the sport in Spain due to Alonsomania. The upshot being that the Barcelona Grand Prix was no longer able to meet the ever increasing demand for tickets. No less a figure than Bernie Ecclestone has dubbed the Valencia Street Circuit, "one of the Sport's Best Kept Secrets" which augurs very well for the future. More than half a billion Euros had already been spent on the Juan Carlos 1st Marina in preparation for sailing's America 's Cup which took place last year. It is this very marina that the F1 drivers will career round on the 24th of this month as they fight for supremacy in the "Telefonica European Grand Prix".
Property prices in Valencia city have boomed over the last number of years. Prices have almost quadrupled since the end of 2000. At the end of 2000, the average price per sqm was €758.34 whereas at the end of 2007 the price had rocketed to €2,849 per sqm with up to €6,000 per sqm being paid for "old style" properties in the best parts of the city. With a weakening property market at the moment it is all the more important to take care when choosing in what part of the city to buy property in. We in Valencia Property Hound specialise in sourcing quality F1 Property close to the Marina and the F1 Circuit. We see this area as the one with the most upside re future capital appreciation. Over the next 10 years the Valencian Town Hall intends to renergise this whole area opening up the city to the sea, putting in place numerous parks, emblematic buildings and running the sea along the city's old riverbed making navegation possible up to the "City of the Sciences" if all goes to plan.
There are quite a number of lovely old "historical buildings" within walking distance of the F1 Circuit. These represent excellent value for money especially those that are in need of total renovation. We are presently renovating a number of such properties for clients and offer such renovation services to all our clients. Such properties are also very much in demand re short term rentals. The following property is the best rental property presently available in the city which we sourced for a client last year : www.valenciaapartment.co.uk . The property speaks for itself, a beautiful old style attic with a fine terrace a mere 200 metres from the F1 Circuit in a historical building of timeless beauty. Old Style Buildings near the marina and F1 circuit are by far outnumbered by "modern" ones making the Old Style Properties all the more attractive.
The "creme de la creme" are those properties on Dr. J J Domine which is destined to become Valencia 's most sought after location as it looks over both the Marina and the F1 Circuit. This block of buildings was built by the port authorities around 40 years ago and has a mix of offices and residential property. These are truly "Prime F1 Properties" and while the buildings aren't old style what they are lacking in old style character they make up for in breathtaking views over the Valencia Street Circuit.
Therefore whether it is Valencia F1 Property to Buy or Rent that you are looking for, Property Search Services or Property Renovations : Valencia Property Hound which is " Valencia 's Premier Property Search and Property Investment Company" should be your first port of call.
Here's to a great day's racing on the 24th and may Valencia achieve the standing it richly deserves on the global stage.
All the more reason to use the services of the city's “Premier Property Search and Property Investment Company” namely Valencia Property Hound so as to find the best property for your money.
Article by Dermot Quinn, Valencia Property Hound Ltd
