This significant rise, according to a report by Engel & Völkers, is primarily attributed to strong international demand, especially from high-net-worth buyers, and persistent lack of supply. These factors mark the entry of the Valencian market into a new structural cycle.
The average price of transactions managed by the real estate firm stands at 474,000 euros. Over the past year, the cost of homes sold by the company has exceeded 3,500 euros per square meter.
By districts, Eixample remains the most expensive area, with an average price of 4,427 euros per square meter. It is followed by Camins al Grau and Ciutat Vella. In these areas, international, investor, and expatriate demand continues to drive prices due to strategic location and revaluation potential.
“"The current buyer is more demanding, compares more, and prioritizes quality and location."
The report also highlights that 65% of new construction purchases are made with own resources, indicating a more solvent buyer profile less dependent on credit. Furthermore, the DANA of 2024 had a limited and temporary impact on the market, without altering the overall upward trend.
However, the DANA did influence residential preferences: inland areas registered increases of 24.7%, while coastal areas rose by 11%. This evolution reflects an increasingly segmented market, with distinct dynamics for each district and municipality.
