Americans are increasingly looking toward some of Europe’s top destinations including Valencia in Spain to re-locate and invest in overseas real estate.
With its leading infrastructure for business, warm climate, top rated international schools and picturesque beaches, Valencia has seen a rise in popularity among American travelers looking to visit Europe and find a second home.
Real estate company Found Valencia, which helps American buyers find new affordable properties and investment opportunities, has seen a steady increase in demand from the U.S. And post-pandemic, with the strength of the euro and a rebounding property market in Spain, American investors are exploring Valencia among other cities as their next financial move.
Found Valencia CEO Conor Wilde, who set up his real estate business 20 years ago in the city said, “With the pandemic, people are thinking differently and prioritizing quality of life and wellness. That has really sparked interest in Valencia because it offers that in combination with the tangible assets of the countryside & city.”
A recent spike in Google Trends for people looking to move to Valencia has also led to further interest in properties across the city. And with its strong infrastructure, the attraction for foreign investors continues despite global volatility and uncertainty.
Found Valencia’s online listings encompass country villas and estates, Valencia city and beach apartments, farms and unique period and luxury properties that have become increasingly popular among American investors – seeing a spike in interest since lockdown measures were eased in June. Combined with its full-service relocation support, Wilde says this has accounted for his company’s success over the years.
Americans can also apply for a Golden Visa, a special residency program. The visa also enables foreign investors to travel freely in the European Union’s Schengen area with the benefits including a shared visa with a spouse and dependent children.
With uncertainty around the U.S. election looming into the new year, a constitutional battle and ongoing trade tensions with China, Europe’s increasing attractiveness for entrepreneurs as well as families looking to re-locate is set to continue.
