Property in Valencia a residency permit
In 2024, investors from various countries can obtain a Spanish residence permit by investing in property in Valencia. The website Citizenship-By.Investments helps users find ideal real estate on both the primary and secondary markets. The catalogue features options for families, solo travellers, digital nomads, businesspeople, and other types of buyers. The key is to find the right house or apartment in Spain that suits your needs, review the listings, and contact the seller directly to handle the necessary formalities.
The city stands out from other locations due to its stunning natural beauty, developed social and tourist infrastructure, and relaxed pace of life. It attracts people looking to escape the hustle and bustle of big cities, explore local attractions, and enjoy time at the beach. For expats, buying property in Valencia offers a chance to settle in Europe and travel freely within the Schengen area. Many also purchase properties in Valencia for investment purposes, given the 7% annual price increase and the consistently high demand for rentals.
Available real estate for sale in Valencia includes apartments, penthouses, and villas of various sizes and layouts, in both quiet neighborhoods and lively areas with a concentration of entertainment venues. Minimum property prices in Valencia start at €29,000, while premium units range from €2 million to €2.5 million.
Residence permit in Spain by buying property in Valencia
If your goal is to acquire a residence permit in Spain by purchasing real estate, follow these steps:
- Ensure that the selected property and/or commercial units total more than €500,000.
- Complete the purchase through a reputable agency or developer, securing all the required documents.
- Prepare documents for yourself and your family members, if applicable. Note that you’ll need to provide proof of an annual income of at least €28,800. If family members are included in the application, the required income amount increases.
- Submit a request to the immigration department and wait for a response, which typically takes 25–40 business days.
- Visit the immigration office to collect your residence permit card.
Investment real estate in Valencia
Foreigners are particularly drawn to villas in Spain, and this region is often seen as an ideal choice for several reasons:
- The large number of tourists makes it easy to earn a stable income through rentals, with a quick return on investment. On average, the payback period is 17.5 years, but if you select a property in a prime location, this timeframe can be cut in half.
- Prices of properties in Valencia, Spain, range from €1,300 to €2,400 per square meter, offering opportunities for investors with varying budgets.
- Property values increase by about 1% per month (up to 20% per year), ensuring a profit when reselling.
- The city and province are continuously being developed. Particularly promising investments include projects in the Cuatre Carreres, Patraix, and Benicalap areas.
- A wide selection of coastal housing provides lucrative rental income. The best options can be found in Poblados Marítimos.
Spain’s investment program allows foreign buyers to obtain a residence permit if they meet the following criteria: they must be at least 18 years old, have a legal annual income of €28,800, have no serious health issues, and be willing to invest at least €500,000 in real estate. There is no maximum price limit or restriction on the number of units you can purchase. Applicants must also provide proof of complying with Spanish visa regulations and submit the required documentation.
The decision on which area to invest in depends on the goal of your purchase. For long-term investments, new developments in areas such as Sant Llorenç, Torrefiel, Els Orriols, Beniferri, and the City of Arts and Sciences are recommended. If you’re planning to move to the area, consider locations such as Algiros, Extramurs, Patacona, Ciutat Vella, Poblados Marítimos, Campanar, L'Eixample, El Pla del Real, and Cuatre Carreres.