By Eva Alvarez • Published: 23 Apr 2024 • 11:14
Poolside residence Credit: ntwrk_img, Unsplash
The Valencian Community has witnessed a significant surge in housing investment returns, reaching 7.9 per cent in the first quarter of 2024.
Over the past five years, there has been a significant 1.5-point increase in investment returns, as revealed by data from real estate platform Fotocasa. This upward trend, emphasised in their recent report ‘The Profitability of Housing in Spain in 2024’, speaks volumes about the resilience of the property market, with both rental and purchase prices witnessing growth. Maria Matos, Fotocasa’s Director of Studies, highlights a notable surge in individual investors turning to real estate as a reliable and stable option, particularly amid economic uncertainties.
Regional variances highlight the diverse landscape of Spain’s housing market, with the Valencian Community spearheading the surge at 7.9 per cent. Eleven regions have experienced a notable increase in profitability, with nine surpassing or matching the national average of 6.6 per cent. Following Valencia’s lead, regions such as Murcia, Cantabria, and Catalonia demonstrate similar patterns, indicating a widespread trend of growth and stability in the real estate sector.
City highlights showcase the thriving real estate landscape in Valencia’s urban areas. Moncofa leads the pack with an impressive 8.2 per cent return, cementing its status as the most lucrative city in the first quarter of 2024. Ontinyent, Oliva, and Castellón de la Plana follow closely, boasting strong profitability figures that underscore the overall positive trend across Valencia’s diverse urban landscape.
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