CONTENTS: INTRODUCTION - ESTEPONA, COSTA DEL SOL - MARBELLA, COSTA DEL SOL - FUENGIROLA, COSTA DEL SOL - MIJAS - BENALMADENA - TORREMOLINOS, COSTA DEL SOL - MALAGA, COSTA DEL SOL - NERJA, COSTA DEL SOL - BARCELONA, COSTA BRAVA - BLANES, COSTA BRAVA - LLORET DE MAR, COSTA BRAVA - TOSSA DE MAR, COSTA BRAVA - ALMERIA, COSTA DE ALMERIA - ROQUETAS DE MAR, COSTA DE ALMERIA - SALOU, COSTA DORADA - MIAMI PLAYA, COSTA DORADA - CADIZ, COSTA DE LA LUZ - ISLANTILLA, COSTA DE LA LUZ - A CORUNA, GALICIA - SANTANDER, CANTABRIA - SAN SEBASTIAN, BASQUE COUNTRY - JAVEA, COSTA BLANCA - GANDIA, COSTA BLANCA - BENIDORM, COSTA BLANCA - ALICANTE, COSTA BLANCA - TORREVIEJA, COSTA BLANCA - LA MANGA, COSTA BLANCA - ORIHUELA COSTA, COSTA BLANCA - PALMA, MAJORCA - MAGALUF, MAJORCA - ALCUDIA, MAJORCA - MAHON, MENORCA - LOS DELFINES, MENORCA - IBIZA TOWN, IBIZA - SAN ANTONIO, IBIZA - PLAYA D’EN BOSSA, IBIZA - PLAYA DE LAS AMERICAS, TENERIFE - PUERTO DE LA CRUZ, TENERIFE - LOS GIGANTES, TENERIFE - LOS CRISTIANOS, TENERIFE - COSTA DEL SILENCIO, TENERIFE - CALETA DE FUSTE, FUERTEVENTURA - LAS PALMAS, GRAN CANARIA - PLAYA DEL INGLES, GRAN CANARIA - PUERTO DEL CARMEN, LANZAROTE - PLAYA BLANCA, LANZAROTE - LA PALMA, CANARY ISLANDS - LA GOMERA, CANARY ISLANDS - GRANADA, ANDALUSIA - VALENCIA -
| Area: | VALENCIA | |||||||||||||||||||||
| Investor Profile: | Worker, Business | |||||||||||||||||||||
| Category: | A | |||||||||||||||||||||
| Population:
| Total | British | ||||||||||||||||||||
| 740,000 | 4,000 | |||||||||||||||||||||
| Climate: | Hours of Sunshine Per Day in Summer | Days of Rain Per Year | Average Spring Air Temp. | Average Summer Air Temp. | Average Autumn Air Temp. | Average Winter Air Temp. | Average Water Temp. | |||||||||||||||
| 11 | 42 | 21 | 30 | 24 | 17 | 18 | ||||||||||||||||
| Proximity to: | Airport | Beach | Nearest City | |||||||||||||||||||
| 5 miles (Valencia) | 0.5 miles | Valencia | ||||||||||||||||||||
| Educational facilities: | No. of Universities | No. of International Schools | No. of Private Schools | |||||||||||||||||||
| 2 | 5 | 6 | ||||||||||||||||||||
| Health services: | No. of Public Hospitals | No. of Private Hospitals | No. of Private Clinics | |||||||||||||||||||
| 2 | 2 | 12 | ||||||||||||||||||||
| Shopping: | No. of Shopping Centres | No. of Markets | ||||||||||||||||||||
| 5 | 3 | |||||||||||||||||||||
| Restaurants and bars: | Although wide choice of different cuisine is available, Valencia offers good selection of restaurants specialising in local cuisine, particularly paella. | |||||||||||||||||||||
| Sports and leisure facilities: | Public and private sport centres. Athletics stadium. Marinas nearby and marina in port. Royal Sailing Club. 4 golf courses in and around city, including El Saler Golf Course. GR-7 and GR-8 hiking paths. Canoeing. Paragliding. City of Arts and Sciences with big auditorium and waterside architecture. Theatres, opera, ballet. Museum. IMAX cinema. 2 cinemas showing English-language films. L’Oceanografic underwater centre. Nightclubs situated on outskirts of city, on the Valencia-Cullera road and in Calle Juan Llorens. | |||||||||||||||||||||
| Transport: | Public Transport | Roads | ||||||||||||||||||||
| Trains from Madrid, Alicante and Murcia. Coaches from surrounding towns. Metro train service with 3 lines within the city. Several bus routes across city. | N-III motorway from Madrid. A-7 motorway from Barcelona and Costa Blanca. A-92, N-340 and A-7 from Granada. | |||||||||||||||||||||
| Crime rate: | High | |||||||||||||||||||||
| Main types of employment | Mostly professional. | |||||||||||||||||||||
| Future plans: | Continued restoration of port. | |||||||||||||||||||||
| Yield range | 8.1% - 9.5% | |||||||||||||||||||||
| Type of property | Entry Price | Rent- School Holiday Peak | Rent- Peak | Rent- Off Peak | Average Annual Yield | |||||||||||||||||
| 2 bed apartment | 96000 | 399 | 319 | 192 | 9.5% | |||||||||||||||||
| 3 bed apartment | 120000 | 479 | 383 | 230 | 9.1% | |||||||||||||||||
| 3 bed townhouse | 180000 | 638 | 511 | 306 | 8.1% | |||||||||||||||||
| Villa | 211200 | 838 | 670 | 402 | 9.0% | |||||||||||||||||
| Demand for letting | School Holiday Peak | Peak | Off peak | |||||||||||||||||||
| High | High | High | ||||||||||||||||||||
| Finance and leisure scores: | Total (out of 10) | Financial (out of 5) | Leisure (out of 5) | |||||||||||||||||||
| 9 | 4 | 5 | ||||||||||||||||||||
| Flights scheduled from: | Gatwick, Heathrow, London City, Stansted, Bristol, Cardiff, Newquay, Plymouth, Southampton, Birmingham, Humberside, Newcastle, Teesside, Isle of Man, Manchester, Aberdeen, Edinburgh, Glasgow, Inverness, Belfast City, Belfast International, Guernsey, Jersey, Norwich, Leeds/Bradford | |||||||||||||||||||||
| Typical cost of flights: | School Holiday Peak | Peak | Off Peak | |||||||||||||||||||
| £174-296 | £129-219 | £97-164 | ||||||||||||||||||||
| Operators: | BA, Swiss International, Air France | |||||||||||||||||||||
| Description: | Valencia is Spain’s third largest city and is situated on the east coast. It has a thriving business district which makes Valencia one of the more important cities than others in the whole of the the Mediterranean. Its total catchment population is in excess of 1.5 million if you take in to account the surrounding towns that feed of the commercial success of the city. It is a well connected city through road, rail, port and airport links and therefore has a far more cosmopolitan feel than its other neighbouring cities. Valencia also enjoys an even climate through the year averaging out at around 17C so summers are not too hot neither winters too cold. When you arrive there its obvious that it places the conduct of business high in its priorities. It used to be the financial capital of Europe 500 years ago and you can see that it is trying to regain that title now. There are futuristic exhibition halls that attract other businesses around the world to congregate and trade. The futurism doesn’t stop there however. Even the arts and leisure buildings are all being redesigned to meet the demands of the 21st century. It has its own dialect-Valenciano, which is a form of Catalan and is highly used – but the use of English is higher in Valencia than other cities. It is a lively city and a noisy one! Crime rates are high but its not serious crime, just petty theft so be sure to go for a site with CCTV or 24 hour security guards. There is lots of property for sale (mostly apartments), and cheap houses can be found on the city outskirts. It also has 2 universities so there is a demand for student rentals for most of the year. | |||||||||||||||||||||
| Hot Website: | http://www.cuspideuk.com/info_Valencia.htm | |||||||||||||||||||||
| Estate Agents: | Name | Address | Tel | Web | ||||||||||||||||||
| Spanish Dreams | Camino Assagador 24, 45758 Barx, la Drova, Valencia | Tel: 0034 9 62 80 74 26 | Not disclosed | |||||||||||||||||||
| Costa Spanish Eyes | Ausias March 33B, Oliva, 46780 Valencia | Tel: 0034 9 62 83 98 63 Fax: 0034 9 62 83 98 63 | Not disclosed | |||||||||||||||||||
| Cuspide | C Jativa no. 4 esc, drcha 2 pt 3 | 963104500 | http://www.cuspide.es/english/ofertas.htm Email: valencia@cuspide.es
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| DLR Properties Overseas | 5 Manor Parade, Brightlingsea, Colchester, Essex CO7 0UD | Tel: 01206 303049 Fax: 01206 306090 | Not disclosed | |||||||||||||||||||
| Letting Agents: | Name | Address | Tel | Web | ||||||||||||||||||
| Spanish Dreams | Camino Assagador 24, 45758 Barx, la Drova, Valencia | Tel: 0034 9 62 80 74 26 | Not disclosed | |||||||||||||||||||
| Costa Spanish Eyes | Ausias March 33B, Oliva, 46780 Valencia | Tel: 0034 9 62 83 98 63 Fax: 0034 9 62 83 98 63 | Not disclosed | |||||||||||||||||||