Valencia Property - Value for money

Value for money

From our point of view, the most important reason as to why you should invest in property in Valencia is the value that is still to be had from investing in property in Valencia. Valencia is still good value for money  relative to all the other major cities in Spain .

Some Figures:

Valencia is Spain's third biggest city with a population of 810,000*. The average price of property per sqm in Valencia was €2,849** as of 31st December 2007. The price of property in Valencia in the past seven years has increased by a whopping 263% .. As of the 31st December 2000 the average price of property per sqm in Valencia was €785.34.

                                                                                                                                                                                  

City	Population	Price Per Sqm 2007	Price Ranking
Madrid	3,200,000	€ 4,262	2nd
Barcelona	1,600,000	€ 4,769	1st
Valencia	810,000	€ 2849	5th
Seville	700,000	€ 3,140	4th
Zaragoza	682,000	€ 3,189	3rd
Malaga	561,000	€ 2,491	6th

Price comparision:

• Madrid is 50% more expensive than Valencia with Valencia prices representing 67% of Madrid prices.
• Barcelona is 67% more expensive than Valencia with Valencian prices representing 60% of Barcelona prices.
• Seville is 10% more expensive than Valencia with Valencia prices being 91% of Seville's prices.
• Zaragoza is 12% more expensive than Valencia with Valencia prices being 89% of those of Zaragoza's.

The figures speak for themselves, Valencia as Spain's third biggest city still represents excellent Value for Money and has still quite some ground to make up vis a vis Barcelona and Madrid.

*  Population Stats Courtesy of Wikipedia (approximations).

** Property Stats Courtesy of Idealista.com.