28 March 2019 – Valencia Plaza
According to a report published by the German real estate firm Engel & Völkers, the neighbourhood of El Cabanyal was where the most operations were closed by foreign investors in Valencia last year.
The price per square metre in the neighbourhood soared as a result and now amounts to around €3,000/m2-€3,100/m2. In many cases, the purchased properties have been renovated for rental by tourists, given that the VUT limitations imposed on other areas of the city do not apply in El Cabanyal.
Original story: Valencia Plaza (by Estefanía Pastor)
Translation/Summary: Carmel Drake