We have selected several popular areas that we feel offer the best opportunity for property purchase and investment return as they are highly sought after by local residents and tourists.
El Carmen – Valencia’s Old town
Located very close to the lovely Turia Gardens, Barrio del Carmen is one of the most popular areas of Valencia’s Old Town and attracts millions of tourists all year around.
Many of the magnificent old palaces and townhouses in Carmen have been turned into restaurants, trendy shops and clubs. Plaza de la Virgen and the Cathedral on Plaza de la Reina are some of the most visited places in Valencia. The Torres de Serranos and Torres de Quart were once part of the old city wall of Valencia and mark the entrance of the Old Town.
Ruzafa – El barrio de moda
Once a decadent neighbourhood, Ruzafa is now the trendiest area in Valencia. This is a historic working-class neighbourhood, which has increasingly attracted artists and bohemian people, shaping this area as Valencia bohemian and fashion district.
Ruzafa is a melting point of cultures and ways of living. Art exhibitions, vintage shops, street art, live concerts and singular restaurants complete the special atmosphere.
Ruzafa is well-known for its carefully thought restaurants and cafés. These are decorated in a variety of styles and offer different types of cuisine, both international and national.
At night, Ruzafa becomes a really vivid place, with so many bars and restaurants to choose from. This neighbourhood in Valencia is one of the most popular meeting points in the city.
Often called El SoHo Valenciano, Ruzafa is one of the most sought after areas by the millions of tourists visiting Valencia every year.
El Cabanyal – Canyamelar – The beach quarter
El Cabanyal is the old fishermen’s quarter in Valencia and spreads along the beautiful beach of Las Arenas. It owes its name to the rows of thatched fishermen’s cabins also knowns as ‘barracas’ and is one of the most atmospheric barrios in Valencia. Starting from the harbor the main street is Calle de la Reina where you can find a variety of offices, shops, cafes and restaurants.
The unique architecture of the houses covered in tiles adds to the charm of this sea village. Due to the previous city plans to reconfigure this quarter, nowadays here can be found a number of low cost apartments, two-storrey houses or apartment buildings in need of renovation on very attractive prices. These developments in Cabanyal are very sought after by foreign investors for the massive investment potential they offer.
If you buy a property in Cabanyal in need of renovation you might also be eligible for a grant from the local Council to help with the renovation and an exemption from the fees paid for ‘Licencia de obra’ (building permission).
El Grau – The Port
El Grau is the quarter right next to Harbor in Valencia. Startng from Avenida del Puerto this barrio is also very well connected with the city center by metro and the museums La Cuidad de Los Artes y Las Ciencias within walking distance. The beautiful beach of Las Arenas is also within 10 minutes walk making this quarter a preferred choice of many tourists in the Summer season.