British and Russians invest more and more into the Valencian provinceLaurence Lemoine
Whether it is a primary or secondary residence or an investment, real estate purchases by foreign citizens now concern more than 1 out of 5, precisely 22.77% of all purchases; this proportion was only 2.13% 10 years ago!
We have known for a few years now that more and more foreigners are setting their sights on an apartment or a house in valencia or in the surrounding area … The most interesting and surprising of the latest statistics published by the Order of Notaries, is that the Brexit does not slow down the ardor of the English nationals since the number of purchases of real estate by British citizens increased by 20.39% last year: they settle first in Valencia, followed by Oliva, Gandia and Llíria.
Russian: + 43%
One of the most striking data of the report is the 44.3% increase in Russian demand, in the province of Valencia: the Russians are particularly interested in the city of Valencia and in total last year they acquired 188 properties in the capital of Turia, and were the third nationality to have achieved the most transactions behind the Italians (311 purchases) and the French (276). The Dutch also love Valencia and its region: they bought 181 houses in the province (78 in the capital) and we know that several large Dutch companies have chosen to transfer some of their workers to valencia in the coming months. In the first quarter of 2019, 7,506 dwellings were sold in the province of Valencia, of which 1,559 were acquired by foreigners. The growth of foreign demand has been continuous for ten years, which induces a rise (which is also continuous ) in prices, which nevertheless remain accessible to this rather affluent clientele that is looking for, and finds, it must be said, a certain quality of life and a life of quality.