Valencia, Spain’s third-largest city, offers an exceptional quality of life, outstanding services and an enviable Mediterranean climate. These factors make the capital of the Turia River an increasingly attractive option for those looking to relocate.
If you're considering selling a property in Valencia, it’s important to understand that the city boasts a dynamic and competitive property market. To ensure a smooth and profitable transaction, there are several key steps you should follow. Here’s everything you need to know about selling a home in Valencia.
- Steps to take before selling a house in Valencia
- How to know the value of your house?
- What is Valencia's property market like?
- Estimated time to sell a house in Valencia
- Price per square metre in Valencia
- Potential home buyers in Valencia
- Documentation needed to sell a house
- How to choose the right estate agent
Steps to take before selling a house in Valencia
Before listing your property on the market, there are several important steps to consider to maximise your chances of a successful sale. First and foremost, ensure your home is presented in the best possible condition. Put yourself in the shoes of a potential buyer – what features would they be looking for in a property in Valencia?
Another key step is obtaining an accurate property valuation. Setting the right price from the outset is essential to attracting serious interest. Your asking price should reflect current trends and conditions in the Valencia property market to remain competitive.
It’s also vital to gather and prepare all the necessary documentation in advance. Having everything in order will help streamline the sales process and avoid delays further down the line.
How to know the value of your house?
One of the most common questions homeowners ask when preparing to sell is how to accurately determine their property’s market value. Understanding the true worth of your home in Valencia is essential to setting a competitive asking price – one that draws in potential buyers while ensuring a fair and profitable sale.
A helpful resource for this is the idealista property valuation tool, which covers properties throughout Spain. By simply entering your address, the tool generates an estimated value, tailored to the timeframe in which you plan to sell.
The valuation takes into account a range of factors, including the property’s square metres, its location within the city and its overall condition. Using this information, you can establish a realistic and appealing price point to launch your listing with confidence.
What is Valencia's property market like?
Understanding the current state of Valencia’s property market is essential for any homeowner looking to sell their flat or house. At present, the city is experiencing a dynamic market, with certain neighbourhoods seeing high demand, while others remain comparatively quiet.
Valencia’s real estate market has been steadily growing in recent years. As of August 2024, property prices continued their upward trend, rising by 2% compared to July and by 5% since May. In total, the average price has increased by nearly 17% year-on-year since August 2023.
However, with the end of summer approaching, there may be a slowdown in this growth in the coming months – a typical seasonal adjustment seen in many property markets.
Estimated time to sell a house in Valencia
The estimated time it takes to sell a property in Valencia can vary widely, depending on several key factors, including the property's location, its condition, and the overall state of the market.
According to data from idealista, nearly half of all homes in the Valencian capital are sold in under a month. In fact, 18.35% of properties are snapped up in less than a week. The majority – around 28.65% – are sold within one week to three months, reflecting strong buyer demand in many parts of the city.
Only a small proportion of properties, less than 20%, remain on the market for more than three months.
Price per square metre in Valencia
The price per square metre in Valencia is a key piece of information that every seller should be aware of when setting a competitive and appealing price for potential buyers. This figure can fluctuate depending on several factors, including the property’s specific location, its proximity to local amenities and its overall condition.
Currently, the average sale price in Valencia at €2,264 per square metre across all neighbourhoods. However, prices can vary significantly depending on the area. For instance, prime locations such as Ciutat Vella (€3,718) and l'Eixample (€4,049) command higher prices due to their central positions and desirable surroundings.
Potential home buyers in Valencia
Identifying potential buyers is a crucial step in successfully selling your home in Valencia. Given the city’s vibrancy and diverse population, the profiles of prospective buyers can vary significantly. Below are some key buyer profiles to consider:
- Families looking for a welcoming home with nearby, high-quality educational centres.
- Investors interested in properties with appreciation potential.
- Young professionals in areas with easy access to public transportation and the city's nightlife.
- Students from areas surrounding Valencia looking for faster access to the university or study centre.
Documentation needed to sell a house
Properly preparing your documentation is essential to ensure a smooth transaction when selling your property in Valencia. Gathering all the necessary documents in advance will help you avoid delays or complications throughout the sales process.
Key documents you will need include the property deed, the most recent IBI (Property Tax) receipt, the occupancy certificate, the energy efficiency certificate and recent utility bills.
If you’ve made any renovations or improvements to the property, it’s also advisable to have the relevant permits and invoices for the work completed readily available. For tax-related matters, you can consult idealista's guide on home sales taxes to ensure you are fully informed.
How to choose the right estate agent
Choosing the right real estate agent is a crucial step if you want to sell your property in Valencia efficiently and at the best possible price. The agent you select can significantly impact how smoothly the sales process unfolds.
There are various ways to find a real estate agency that aligns with your needs. idealista offers a tool that can help you discover the best estate agents near you. Based on the specifics of your property, it will recommend a selection of agents who are well-suited to handle the sale.
How long does it take to sell a house in Spain in 2024?
How long does it take to sell a property? The answer to this question depends on several circumstances, although closing a transaction always takes time, no matter how attractive the house is.
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