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Valencia 'becoming a property hotspot'

Article Date : Thursday, August 16, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Valencia is becoming a property hotspot thanks to the restoration of many old buildings in the centre of the city, Valencia Property has said.

According to the real estate agency Spain's third largest city holds some excellent opportunities for investors looking for typical Spanish properties at lower prices.

Spokesman Graham Hunt said Valencia has many good facilities and is easy and cheap to get to with low cost airlines flying direct to the city.

"In the centre of city they're spending a lot on restoring old buildings, this is happening a lot. A lot of the old palaces in the Rufaza area are currently being restored.

"A lot of them have been restored as flats but quite a few are restored as full family houses for the rich people," he said.

And with lots more regeneration to come there is plenty of potential in the market, with luxury second home buyers driving the growth.

According to an article in The Telegraph investors can pick up renovated apartments in Rufaza with two or three bedrooms for around £160,000.
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