News
2024-10-04
When it comes to buying, selling, or renting a property, choosing the right real estate agency can make the difference between a successful experience or a process full of complications. How can you ensure you're making the best decision? Below, we present the 6 keys to choosing a real estate agency that will guide you in finding the best option for your needs, whether you're looking for a home in Valencia or its surroundings.
Specialization in the local market
One of the first keys to choosing a real estate agency is ensuring that the agency is specialized in the area where you want to buy or sell. In the case of Valencia, working with an agency like My Home Valencia, which knows the local market well, can make a big difference. Why? Because an agency experienced in your area understands price fluctuations, the most sought-after neighborhoods, and real estate market trends in real-time.
When a real estate agency has a deep knowledge of the city and its surroundings, it not only saves you time but also gives you a competitive edge when negotiating or finding the best property. Choosing the best real estate agency means asking yourself: Does this agency really know the market where I want to invest? Questions to ask:
How many properties have they managed in this area?
What specific information do they have about current prices and trends in Valencia?
Reputation and customer reviews
Another essential key is to research the reputation of the real estate agency. In a digital world, customer reviews can be a great source of information. A simple Google search for reviews about My Home Valencia or any other agency can give you a clear idea of previous clients' satisfaction.
If you see negative reviews, make sure to read beyond the initial comment. Look for patterns and consider how the agency responds to criticism. The guide to choosing a real estate agency based on this principle suggests: choose a company that values customer satisfaction and is committed to providing quality service. How to check a real estate agency's reputation:
Read Google reviews and online ratings.
Ask for references from former clients if possible.
Variety of services offered
The variety of services offered by an agency is another important factor. Not all real estate agencies are the same: some specialize solely in sales, while others, like My Home Valencia, offer a complete range of services including buying, selling, renting, and real estate investment.
Choosing an agency that can advise you on all aspects of the market is key, as it allows for comprehensive support throughout the process, whether you want to sell a house, rent an apartment, or invest in a commercial property. Services you should look for:
Property valuation
Rental management
Buying-selling advice
Real estate investments
Transparency and clarity in fees
The fees of a real estate agency should be clear from the beginning. Make sure the agency you choose provides transparent information about their commissions and additional costs. At My Home Valencia, for example, we ensure that every client understands exactly what they are paying for and why.
Some agencies may offer lower rates, but what services are they excluding? Choosing the best real estate agency also means ensuring that you receive a complete and quality service, not just the lowest price. Considerations about fees:
Does the commission include marketing and advertising of the property?
What are the additional costs (if any)?
Experience and knowledge of the team
The experience of the team behind the real estate agency is another crucial aspect. It's not just about years in the market, but also the skills they possess to handle negotiations, solve legal problems, and advise you in decision-making.
At My Home Valencia, we have a team of experts with a deep understanding of the Valencia market. This factor is essential, especially if you face complex situations like selling inherited property, investing in real estate, or long-term rentals. Questions about experience:
What type of transactions have they managed?
How many years have they been operating in Valencia?
Personalized attention and commitment
Finally, one of the most important keys to choosing the best real estate agency is personalized attention. Every client has different needs and expectations, so it's essential that the real estate agency can offer you close service, where you feel heard and supported at every step of the process.
My Home Valencia is committed to offering a service where every client is treated as unique, closely guiding both buyers and sellers or tenants. This not only gives you peace of mind but also the security that your interests are being protected. What to look for in customer service:
Availability to resolve questions at any time.
Commitment to your needs and goals.
Final considerations
Choosing the best real estate agency doesn't have to be a complicated process if you follow these essential keys. Remember, knowing the local market, researching reputation, verifying the variety of services, confirming transparency in fees, reviewing the team's experience, and ensuring personalized attention are fundamental steps in making the best decision.
If you're looking for professional advice and a team committed to your needs in the Valencia real estate market, My Home Valencia is here to accompany you. Whether you want to buy, sell, or rent a property, with these keys to choosing a real estate agency, you'll be ready to take the next step with confidence.
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2024-09-05
The real estate market in Valencia has experienced a roller coaster in recent years. With housing prices reaching 2009 levels, many buyers and sellers are wondering: where is the market headed? In this article, we will explore the current situation of housing prices in Valencia, real estate costs in Valencia, and what the price of buying a home in Valencia entails.
Why are housing prices rising in Valencia?
The increase in housing prices in Valencia has been a constant topic in recent quarters. According to the latest report from the Valencia Association of Real Estate Agents, the price per square meter in the city has reached 2,187 euros, representing a year-on-year increase of 10.1%. But why are these prices skyrocketing?
Factors influencing price increases:
Housing shortage: The supply of properties is not growing at the same pace as demand. This has generated fierce competition, both for buying and renting, causing prices to soar.
International demand: Valencia has been a magnet for international buyers looking to invest in property. This has added pressure to the local market, as these investors tend to have greater purchasing power than local buyers.
Increased construction costs: Material and labor prices have risen, driving up the cost of building new homes, further reducing the available supply.
Comparison with other areas of the Valencian Community:
While Valencia has seen a 10.1% price increase, the price per square meter in the Valencian Community has risen by 8.5%, reaching 1,609 euros. This shows that although the capital is experiencing a sharper rise, the rest of the region is also affected by the upward trend in real estate costs in Valencia.
Is it a good time to buy or rent a flat in Valencia?
With these figures, it is logical to wonder if now is a good time to buy a flat in Valencia or if it is better to wait for a possible price drop. At the same time, those looking to rent a flat in Valencia face increasingly high rents. So, what is more advisable?
Buying a flat in Valencia:
Despite high prices, buying property remains an attractive option for those seeking long-term stability. With mortgage interest rates slowly declining, many experts believe that prices will begin to stabilize or even drop in the coming months.
However, if you are considering buying a flat in Valencia, it is important to act cautiously. Sellers are still resisting price reductions, but forecasts suggest that over time, supply will begin to align with demand, and we may see a price correction.
Renting a flat in Valencia:
Renting in Valencia is also no exception. The average rent price in the province has reached 12.1 euros per square meter, an 18% year-on-year increase. This increase is largely driven by the lack of available rental housing, as well as the preference of owners to sell rather than rent.
While renting may seem like a more flexible option, the high prices can be a barrier for many. For those considering a temporary move or who do not have the means to buy, renting a flat in Valencia remains a viable option, albeit with increasingly higher costs.
Selling a flat in Valencia: Is now the right time?
If you are thinking of selling a flat in Valencia, now might be a good time to capitalize on the price boom. With demand continuing to outstrip supply, the chances of securing a good price for your property are high. However, keep in mind that as the supply of new homes increases, prices are likely to adjust, which could reduce profit margins in the future.
How can My Home Valencia help you?
At My Home Valencia, we understand the complex landscape of today’s real estate market. Our expertise in selling, buying, and renting properties in Valencia and its surroundings allows us to offer you a personalized service tailored to your needs. Whether you are looking to buy a flat in Valencia, rent a flat in Valencia, or sell a flat in Valencia, our team of professionals will guide you through every step of the process, ensuring a smooth and satisfying transaction.
In conclusion
Housing prices in Valencia continue to rise, and both buying and renting can be difficult decisions in today’s market. While prices may drop in the future, it is crucial to rely on experts like My Home Valencia to make the right decision. Whether you want to buy, sell, or rent a flat in Valencia, our team is here to help you navigate the real estate market with confidence.
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2024-08-05
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2024-07-08
The real estate market in Valencia is experiencing an interesting and very relevant phenomenon: the rise of flat-sharing. Why are more and more people choosing to share a flat in Valencia? Let's find out.
The reality of flat-sharing in Valencia
In recent years, the rental market in Valencia has seen a notable increase in the supply of rooms for rent, practically equalling the availability of complete flats. According to recent data, there are around 2,500 rooms and 2,500 flats for rent in the city. This parity in supply reflects a significant change in the preferences of tenants and landlords.
Why Flatshare in Valencia?
Flat sharing in Valencia has become a popular option for several reasons:
Economic Savings: Renting a room instead of an entire flat allows tenants to considerably reduce their monthly expenses. In a city where the price of rent has risen by 20% in the last year, this is a very attractive alternative.
Availability and Flexibility: The housing shortage has boosted the bedroom market. Landlords find it more profitable to rent by the room, as they can charge up to 400 euros per room.
Social Life: Sharing a flat facilitates the creation of a social network, especially for those who are new to the city, such as students or foreign workers.
Rental Market Trends in Valencia
The trend towards flat-sharing in Valencia is not only observed in the city centre, but also in its neighbourhoods and metropolitan areas. Some municipalities close to Valencia are experiencing an increase in rental prices, even surpassing those of the city itself.
Factors driving the renting of shared flats
Foreign Demand: Valencia has become an attractive destination for foreign workers, who often have a higher purchasing power than the local population. This has increased the demand for rentals and therefore prices.
Housing Shortage: The lack of new construction and the limited availability of land in Valencia make it difficult to provide affordable housing. The construction of more housing in the metropolitan area could be a long-term solution.
Benefits of flat-sharing
Flat-sharing is not only an economical option, but also offers a number of additional advantages:
Cost reduction: Expenses such as water, electricity and internet are divided between the tenants, resulting in a lower cost per person.
Convenience and Location: Many shared flats are located in central or well-connected areas, offering convenience and accessibility to tenants.
Social Environment: Living with flatmates can enrich the daily experience, providing social support and opportunities to make new friends.
How to find a shared flat in Valencia?
Finding a shared flat in Valencia can be a simple task if you know where to look. Here are some tips:
Real Estate Portals: Use specialised real estate websites. These portals allow you to filter searches according to your needs and preferences.
Real Estate Agencies: Contact agencies such as My Home Valencia, which can help you find suitable options according to your budget and desired location.
Social Networks and Groups: Social platforms and groups dedicated to flat rentals in Valencia can be an excellent source of information and opportunities.
Questions about renting shared flats in Valencia
Is it expensive to rent a room in Valencia?
The price of renting a room in Valencia can vary, but generally ranges around 400 euros per month, depending on the location and amenities of the flat.
Where is it cheaper to rent in Valencia or in the metropolitan area?
Although some metropolitan areas have seen an increase in rental prices, generally, it is still cheaper than renting in the centre of Valencia. However, this can vary according to local demand and supply.
Is it safe to share a flat in Valencia?
Sharing a flat in Valencia is generally safe, but it is important to take precautions, such as getting to know your future flatmates and checking that the rental contract is in order.
What should I consider when choosing a room to rent?
When choosing a room, consider factors such as location, price, flat amenities, and compatibility with flatmates. It is advisable to visit the flat before making a decision.
New trend
Flatsharing in Valencia is a growing trend that offers an economical and practical solution for many tenants. With rising rental prices and demand for housing, flat sharing has established itself as a viable and popular alternative.
At My Home Valencia, we are committed to helping you find the best housing option for your needs. Whether you are looking to share a flat or rent an entire property, our team of professionals is here to advise you and accompany you every step of the way.
Contact us today and discover all the possibilities that Valencia has to offer!
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