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Valencia Housing Market Reaches Record Highs in Rents and Fast Leasing

Rental prices in Valencia province and city surge to unprecedented levels as a quarter of urban listings are leased within 24 hours, highlighting a critical supply-demand imbalance.

Overview

  • Average monthly rent in Valencia province exceeds €1,300 for a 100 m² flat, with a 14.6% year-on-year increase in Q1 2025.
  • Valencia city records an average rent above €1,600 per month, reflecting one of the highest urban rental costs in Spain.
  • 24% of rental listings in Valencia city are leased within 24 hours, the fastest rate among major Spanish cities, driven by limited supply and intense competition.
  • Residential purchase prices in the Valencian Community rose over 10% year-on-year, with Valencia province leading at an 11.3% increase to €1,393 per m².
  • Market observers attribute the surging rents and prices to a severe housing supply shortage and growing demand in the region.