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Spain Homes feature a variety of commercial property for sale in Valencia, Spain: shops, hotels, busines centers, offices and retail outlets. Call our expert team today to arrange viewings in Valencia.
Valencia is growing, and presents a multitude of commercial property opportunities to the savvy investor. As Spain’s third largest city (after Madrid and Barcelona), Valencia is home to a population of five million and earns the title of Spain’s fourth largest economy with a ten-percent (10%) contribution to Spain’s gross domestic product (GDP).
As the fourth largest economy in Spain, Valencia accounts for 10% of Spanish gross domestic product (GDP). Valencia enjoys Spain’s fourth highest economic growth thanks to the improvement in the industrial sector, the increase in private consumption and investment, and the shift towards a more expansionary fiscal policy.
Valencia’s property prices are – on average – the equivalent to a half-price sale compared to the same prices paid in Barcelona and Madrid according to the latest figures from Idealista and the Ministry of Development, National Institute of Statistics. For example, a business centre for sale in Valencia with prime office space in the central business district (CBD), expect to pay up to half for the same square footage on sale in Barcelona and Madrid.
Average commercial property prices in Valencia increase seven-percent (7%) from this time last year due to a fifty-percent (50%) increase in the prime sale transactions. Prime sales are considered real estate transactions in excess of €900,000.
The most recent statistics complied from completed property transactions show the bulk of buyers originate domestically with seventy-seven percent (77%) Spanish. A growing trend is emerging amongst Middle Eastern buyers with an increase of this segment to five-percent (5%) of property sales in Valencia. Asian buyers constitute four-percent (4%), and the remaining foreign buyers of property in Valencia belonging to other European countries.
Buying commercial property in Valencia presents different investment opportunities - and with it - different financial returns. With yields varying from single digit to double digit, the type of commercial property and location impacts profitability.
In a city ideal for year-round living, villas in Valencia are a favoured choice for property buyers. Foreign investors purchase villas for sale in Valencia primarily as second-home and holiday home investments. Buying commercial property in Valencia in the form of residential villas for holiday rentals provides foreign buyers lifestyle and income opportunity.
A similar strategy to buying a villa for holiday rental income is benefiting from the number of apartments for sale in Valencia. Cheaper to maintain, secure and in most times cheaper to purchase (than a villa), apartments offer an attractive rental return to capital investment ratio.
Hotels for sale in Valencia Spain are a popular category of commercial property due to the year-round demand for accommodation generated by strong tourism, business visitors and trade show events.
Buy a hotel in Valencia to capitalise upon the high season tourism during summer, where profits and occupancy rates peak. Valencia is a busy city with a multitude of events and trade shows that require accommodation for in-town visitors.
Popular with property developers are commercial shops in Valencia, Spain. Built or purchased by developers, retail shops are attractive commercial property categories for investment due to constant demand and retail footfall.
Retail shops for sale in Valencia attract high premiums, especially in the sought-after commercial streets of Valencia: Colón, Don Juan de Austria, Jorge Juan and Ruzafa. The ease of access through connectivity of each street allows for high pedestrian traffic flow, and why such locations attract premiums.
After Madrid and Barcelona, Valencia is the third most attractive market for retailers in Spain. It is the third largest city in the country and benefits from great tourist attraction and with solid socioeconomic foundations. It is a key destination for the national tourism sector thanks to its beaches, its gastronomy and its culture. It is also easily accessible, since it has an airport, a port, and three train stations. The Community of citizens receives more than sixteen million national visitors per year and more than five million international visitors.
The influx in Valencia, concentrated in the area of Colón, Ruzafa and the Plaza del Ayuntamiento is related to the popularity of tourism in the city. At the same time, the footfall in this area is also directly connected with some operators that act as anchors.
Whatever you’re looking for: apartments, villas, hotels or retail space, Spain Homes can show you a variety of real estate including plots for sale in Valencia.
Contact Spain Homes and our team of friendly, multi-lingual property experts will show you a vast array of houses for sale in Valencia that meet your needs and accommodate your lifestyle requirements. Call today to get started.