València Real Estate: Flats, Commercial Space and Land in Spain's Third City

The city centre around Ciutat Vella has the cathedral, the Central Market and narrow lanes; Ruzafa is a lively district of cafés and renovated flats; the Eixample has grand early-20th-century buildings; and the old fishing quarter of El Cabanyal sits by the city beach. The Turia gardens, a former riverbed turned park, run through the city to the City of Arts and Sciences. High-speed trains reach Madrid in under two hours and the airport is close.

Long-term buyers value the climate and the lower costs relative to Barcelona and Madrid. Tourist-rental rules have tightened in the city, so do not assume you can run a holiday let without a licence.

The coastal towns in our related links, such as Oliva, Denia, Javea, Xàbia, Benissa and Polop, are one to two hours away by road, so see them as alternative markets rather than neighbours.

Foreigners can buy freely but need an NIE and a Spanish bank account. In the Valencian Community, resale purchases usually bear transfer tax (ITP) of 9% (from 1 June 2026; 11% above €1 million), while new homes carry 10% VAT plus stamp duty, around 1.4%. Notary, registry and legal fees are on top. The golden visa for property ended on 3 April 2025.

Have a lawyer request a Nota Simple from the property registry, check the building's inspection (ITE) status and any community debts. Our Spain buying guide walks through the steps; financing covers mortgages for non-residents. Return to the Spain overview for other regions.