El Puig De Santa Maria - Oliva - Pego

Located between orange groves and on the edge of the dazzling Mediterranean Sea, Valencia - a city rich in history, is an epicenter for lovers of culture and architecture. With its impressive old town, historic buildings such as the 13th-century cathedral, and numerous modernist wonders, Valencia offers a unique contrast between the new and the old. Structurally, the city is strategically located on the east coast of Spain, positioning itself as a jewel in the dazzling crown of the Costa del Azahar. And in its surroundings, the fertile Valencian orchard and the Sierra Calderona mountains frame the beauty of the city.

Exclusive Property Market in Valencia

Currently, the exclusive property market in Valencia remains strong and stable, with a constant flow of buyers for the luxury properties on offer. The current demand for luxury homes and apartments here far exceeds supply, making Valencia an attractive real estate investment destination. The political and economic situation in Valencia is perceived as stable, which instills more confidence in investors.

Costs and Rates of Real Estate in Valencia

When buying a luxury house in Valencia, several additional costs must be taken into account. The transfer tax on private property in Valencia is 10%. The average real estate commission paid by a buyer or seller is approximately 5%, and this does not include other costs such as notary fees or possible construction inspection or legal costs. Regarding property taxes, the current wealth tax rate is 2.5%.

Income Tax and Tax Obligations when Selling Houses

In Valencia, registered residents have a progressive income tax of up to 48%. When selling a privately-owned house, the seller will pay taxes on the capital gains depending on whether the house is used as a main residence or a second holiday home. The profits made from selling a privately-owned house may be subject to municipal capital gains tax.

Mortgage Options in Valencia

In Valencia, buyers can get a mortgage of up to 70% of the purchase price for residents and up to 60% for non-residents, and their approval will depend on the buyer's income-to-debt ratio as well as their credit history.

Luxury Residential Areas in Valencia

There are several coveted localities around Valencia, among which stand out El Puig, Puzol, and La Eliana, home to luxury properties and majestic villas.

Accessibility of Valencia

Valencia is exceptionally accessible through its road and rail networks and is located approximately 350 km from the metropolis of Madrid. It has an international airport located 8 km west of the city.

Education and Institutions in Valencia

Valencia is home to some of the best schools, universities, and educational institutions in Spain, including the University of Valencia and the Polytechnic University of Valencia.

Lifestyle in Valencia

Located in the province of Valencia, the city is home to approximately 790,000 inhabitants and has a subtropical Mediterranean climate with mild winters and hot summers. Valencia offers a wide range of outdoor activities, from walks in the Turia to windsurfing on the Malvarrosa beach or golf at the El Saler Golf Club. Shopping lovers will enjoy luxury boutiques such as Louis Vuitton and Gucci. The city also has a brilliant nightlife with high-quality restaurants such as Riff and luxury hotels like The Westin Valencia. Every year, the city comes alive with historical and cultural events such as the world-famous Fallas. Valencia also has a wealth of museums and art galleries, from the Museum of Fine Arts to the IVAM. In terms of health services, the city is home to several hospitals and clinics, including the General University Hospital of Valencia. The city boasts well-maintained public infrastructure and efficient services.