Valencia is the perfect place to enjoy sun, sea, and a rich culture. For many families and couples, owning a second home in this Mediterranean city is a dream. Whether it’s a place to enjoy yourself or to rent out as a vacation property, buying a house in Valencia offers plenty of opportunities. But what do you need to know? In this guide, we’ll cover all the essentials.

Why choose a second home in Valencia?

Valencia combines the best of city and beach life. With a mild climate, vibrant cultural scene, and excellent connections to other European cities, it’s a popular destination for vacationers and property investments. Moreover, property prices in Valencia are often more attractive than in other Spanish cities like Barcelona or Madrid.

A second home not only offers you your own spot under the Spanish sun but also the potential to generate extra income by renting it out to tourists. This makes it an emotional and financial investment.

What to consider when buying a second home

1. Real estate market and location
   Valencia offers a variety of neighborhoods, each with its own charm and price range. Districts like Ruzafa and El Carmen are popular for their central locations and vibrant atmosphere, while Cabanyal is increasingly favored for its proximity to the beach. For those seeking tranquility, areas outside the city, such as Puzol and La Eliana, are worth exploring.
2. Costs
   In addition to the purchase price, consider additional costs such as:
   • Transfer tax (between 8 and 10% of the purchase price)
   • Notary fees
   • Registration fees
   • Real estate agent fees (if applicable)
3. Administrative requirements
   • NIE (Número de Identidad de Extranjero): An identification number required for foreign buyers.
   • Bank account: Necessary for paying taxes and other recurring expenses.
4. Legal guidance
   Hiring a local lawyer familiar with Spanish law is crucial. They can help verify ownership rights, draft contracts, and prevent legal complications.

Renting out a second home: what are the options?

If you’re considering renting out your second home, keep the following in mind:

1. Permits
   A tourist rental license is required in Valencia if you want to rent your property to tourists. While the process can be time-consuming, it’s essential to avoid fines.
2. Taxes
   Rental income must be declared in Spain, even if you’re not a resident. Foreigners typically pay a fixed percentage tax on their net rental income. A tax advisor can help ensure compliance with regulations.
3. Management and maintenance
   Consider hiring a local management company to handle cleaning, maintenance, and communication with tenants. This is especially helpful if you don’t live in Valencia full-time.

Practical tips for buying a second home

1. Visit the property in person
   Online photos often don’t tell the whole story. Schedule viewings to ensure the property meets your expectations.
2. Check the surroundings
   Pay attention to factors like accessibility, proximity to supermarkets and restaurants, and noise levels.
3. Be flexible with your budget
   Account for extra costs such as renovations, furniture, and unforeseen expenses.
4. Think long-term
   Choose a property that will meet your needs not just now, but also in the future.

Why a second home in Valencia is a smart investment

Beyond the joy of owning a second home in Valencia, it can also be a financially savvy decision. As the city’s popularity continues to rise, property prices are steadily increasing, and the demand for vacation rentals remains strong.

Additionally, Valencia offers a stable investment climate supported by a thriving tourism and service sector. With the right guidance and preparation, owning a second home in Valencia can be both a source of happiness and a profitable venture.

Your home under the sun

A second home in Valencia offers endless possibilities, from relaxing vacations to a smart investment. With careful planning and the right support, the process can be straightforward and rewarding.

Need help finding, buying, or renting out a property in Valencia? Contact Match Better Valencia. We’ll guide you every step of the way to make your dream home in this beautiful city a reality.