A DESIRE for private outside space when communal and public gardens and pools were off-limits during lockdown has led to a run on detached villas nationwide, and particularly in the province of Valencia where practically every one on the market has been snapped up in the last eight weeks, according to various estate agencies.
Those on sale for a 'reasonable' price – around €200,000, the agencies say – have nearly all gone, and in some towns, demand has multiplied in a way never seen before.
In Nàquera, in the Camp de Túria district to the west of Valencia city, requests to view villas have gone up fivefold since lockdown, and in other, nearby municipalities, townhouses with their own courtyards have also become popular, especially since these tend to be among the cheapest properties.
One estate agent in Nàquera says he has sold 'almost every single detached, semi-detached or terraced house or villa' on his books where their prices were below €210,000 – a total of 50, of which 35 were villas – and only has one villa left to sell, with an asking price of €475,000.
He says his clients have mainly been people living in the Valencia metropolitan area who were seeking a holiday home, having typically spent their summers in hotels but now 'have some money saved up' and decided to invest it in a place of their own to spend their breaks.
In Valencia city itself, the demand for flats or apartments with large terraces or balconies has also rocketed among 'people with savings', so that they have more outside space in case of another lockdown.
Read more at thinkSPAIN.com