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News
The real estate market in the Valencian Community recovers after the pandemic
 03

  FEB

The real estate market in the Valencian Community recovers after the pandemic

The price of housing in the Valencian Community has experienced a notable increase in the last year, both for sale and for rent, according to the latest data published by idealista and Indomio. The Valencian region is thus among the most dynamic and attractive in the Spanish real estate market, driven by the demand for second homes, teleworking and the economic recovery after the health crisis.

According to the idealista report, the average price of housing for sale in the Valencian Community stood at 1,776 euros per square meter in December 2023, which represents an increase of 11.3% compared to the same month of the previous year. The province of Alicante leads the growth, with an increase of 11% and an average price of 2,055 euros per square meter, followed by Valencia, with an increase of 10.4% and an average price of 1,398 euros per square meter, and Castellón , with an increase of 9% and an average price of 1,221 euros per square meter.

Regarding rent, the Indomio report indicates that the average price of rental housing in the Valencian Community has reached 10.59 euros per square meter per month in December 2023, which represents an increase of 20.07% compared to December 2022. The province of Valencia leads the increase, with an increase of 21.8% and an average price of 12.73 euros per square meter per month, followed by Alicante, with an increase of 18.8% and an average price of 8.79 euros per square meter per month, and Castellón, with an increase of 16.6% and an average price of 7.29 euros per square meter per month.

Sector experts attribute the rise in housing prices in the Valencian Community to several factors, among which the shortage of supply, the increase in national and international demand, the change in preferences of buyers and tenants, which They are looking for more space, light and green areas, and the rise of teleworking, which allows greater mobility and flexibility. Likewise, they point out that the Valencian Community offers good value for money, a wide range of services and equipment, a privileged climate and excellent connectivity.

The forecasts for 2024 point to a consolidation of the upward trend in housing prices in the Valencian Community, although at a more moderate pace and differentiated by area. Analysts hope that the economic recovery, the progress of vaccination, the arrival of European funds and the reactivation of tourism will contribute to energizing the Valencian real estate market and generating new investment and business opportunities.
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