Case studies

BRR in En Corts: Valencia City Centre

Location: Ruben Vela street, En Corts, 1 minute walk to Ruzafa

Details: 80m2, 6th floor with lift, exterior & interior, overlooking
playground

Original distribution: built in 1988, original condition,

3 rooms and 1 bathroom, living room connected to the balcony

Asking price: €145,000

A complete refurbishment plan included

adding 1 room + 1 bathroom

One larger room was
converted into two
separate rooms

The original kitchen has
been converted into a
modern open-plan
kitchen and living area,
enhancing the sense of
space and light.

BRR in Valencia’s Next Hotspot: Nazaret

Location: Río Odiel, Nazaret

Details: 72m2

Original distribution: built in 1970, 3rd floor, no lift,

2 bedrooms, living room and 1 bathroom, balcony

Asking price: 95,000€ (July 2024)

The refurbishment plan included a full kitchen
renovation, installation of air conditioning,
replacement of a shower cabin, and the
addition of new furniture and decorative
elements.

Frequently
Asked
Questions

Do I have to be present at every stage of the
purchasing process?

Not necessarily. Many clients delegate key steps to us or their
legal representatives. With a power of attorney, much of the
paperwork and even the purchase can be handled without you
being physically present.​

However, we recommend a short visit to Valencia to explore
neighbourhoods, attend property viewings, and, if needed,
open a Spanish bank account and obtain your NIE (Foreigner
Identification Number). While not mandatory, this visit can
provide valuable insights and streamline the investment
process.​

What’s the timeframe from consultation to purchase?

Typically, the whole process takes 1–3 months, depending on
how quickly the right property is found and your financing
situation. Some deals can move faster; others may need more
groundwork depending on the level of refurbishment or
paperwork.

I’ve heard about "okupas" in Spain—should I be worried?

This is a common concern. While illegal occupation does exist,
it's much less likely in well-managed, legal investment
properties. We only recommend secure areas and properties
with appropriate legal protection. For peace of mind, we also
advise on measures such as alarm systems, legal insurance, and
choosing the right type of rental agreement.

This depends on your strategy. For example, sourcing high-
yield flats for rental starts around €150,000–€180,000, while
higher-end flips can go up from there. During your initial
consultation, we’ll tailor a plan based on your capital and goals.

What’s the minimum budget I should consider to invest
in Valencia?

Can I get a mortgage in Spain as a foreigner?

Yes, many EU investors successfully secure mortgages in Spain.
We work with mortgage brokers who understand non-resident
financing and can assess your eligibility based on your profile
and property goals.

Our streamlined process:

1. Initial Consultation: We discuss your investment goals,
   budget, and preferences.
2. Property Sourcing: We identify high-yield properties that
   match your criteria.
3. Viewings: We arrange property viewings, either in person
   or virtually.
4. Legal & Financial Setup: We assist with obtaining your NIE,
   opening a Spanish bank account, and connecting you with
   trusted legal and financial advisors.
5. Negotiation & Purchase: We negotiate the best terms and
   guide you through the purchase process.
6. Post-Purchase Support: We offer ongoing support,
   including property management and investment strategy
   advice.

What is the general property purchase process when
working with Homely Valencia?

Do you operate outside of Valencia?

Our streamlined process:

1. Initial Consultation: We discuss your investment goals,
   budget, and preferences.
2. Property Sourcing: We identify high-yield properties that
   match your criteria.

Yes, while our primary focus is Valencia due to our deep local
expertise, we also assist clients in nearby areas including
Gandía, Jávea, and Alicante.