Are you considering relocating from the UK to the beautiful city of Valencia, Spain? Whether you’re drawn by the sunny Mediterranean climate, the rich cultural heritage, or the promise of a lower cost of living, moving to Valencia can be an exciting adventure. At Livin’Valencia Real Estate Advisors, we aim to provide you with all the information you need to make an informed decision and ensure a smooth transition. Here’s everything you need to know about relocating to Valencia, from paperwork and practical considerations to cultural insights and lifestyle tips.

Understanding Visa and Legal Requirements

Choosing the Right Visa

One of the first steps in your relocation journey is to determine the type of visa that best suits your needs. Spain offers several visa options for British expats:

• Non-Lucrative Visa: Ideal for retirees or individuals with passive income who do not plan to work in Spain. This visa requires proof of sufficient financial means to support yourself without working.
• Golden Visa: If you plan to invest significantly in Spanish real estate (from 500,000 EUR), this visa can provide residency.
• Work Visa: For those who have secured a job in Spain, a work visa is necessary. Ensure your employer in Spain supports your visa application process.
• Digital Nomad Visa: Introduced recently, this visa is designed for remote workers and digital nomads who wish to live in Spain while working for non-Spanish companies. To qualify, you must show proof of employment or freelance work with companies outside Spain, and meet a minimum income requirement. This visa allows you to stay in Spain for up to one year, with the possibility of renewal.

Required Documents

Once you’ve chosen your visa type, you’ll need to gather the necessary documents. Generally, these include:

• A valid British passport with at least six months’ remaining validity.
• A completed visa application form.
• Proof of financial means, such as bank statements or income tax returns.
• A private health insurance policy that covers your entire stay in Spain.
• A criminal background check certificate.
• Additional documents specific to your visa type may be required.

Application Process

Submit your documents to the Spanish consulate or embassy nearest your UK residence. Be aware that processing times can vary, so plan well in advance. Consular fees will apply, and it’s essential to start this process early to avoid any delays. At Livin’Valencia, we include assistance with these services in our fee to ensure your application process is smooth and efficient. We also work with specialized lawyers who can apply with you to streamline the process.

NIE and TIE

Upon arrival in Spain, you will need to apply for your NIE (Foreigner Identification Number) and TIE (Foreigner Identity Card). These are critical for legal residency and essential activities like opening a bank account, signing rental agreements, and more. Start this process as soon as possible to avoid any bureaucratic delays. Livin’Valencia includes these services in our fee to help you settle in seamlessly.

Financial and Practical Considerations

Updated Renting Prices in Valencia for 2024

Relocating to Valencia involves understanding current rental prices, which have seen some changes as we move into 2024. Here is an updated overview based on the latest data:

Average Rental Prices

• City Center Apartments:
  • One-Bedroom Apartments: The average rent for a one-bedroom apartment in the city center starts from €900 per month.
  • Three-Bedroom Apartments: Renting a three-bedroom apartment in the city center typically costs starts at €1,500 per month.

• Outside the City Center:
  • One-Bedroom Apartments: Prices for one-bedroom apartments outside the city center start from €700 per month.
  • Three-Bedroom Apartments: Renting a three-bedroom apartment in the suburbs generally costs starts at €1,000 per month.
  • A Villa in the suburb: Renting a 4 bedroom villa with swimming pool in the suburbs generally starts from 2,000€ per month.

• Luxury and Spacious Rentals:
  • For those looking for more luxurious or larger accommodations, such as apartments with multiple bedrooms or high-end amenities, rental prices can reach up to €3,500 or more per month. For example, a five-bedroom apartment in a prime location could cost around €4,000 per month.

More about our Relocation Services here

Buying Property

For those considering purchasing property in Valencia, the market offers a range of options:

• City Center: Buying an apartment in the city center costs approximately €2,500 to €3,500 per square meter.
• Outside the City Center: Prices drop to about €1,800 to €2,500 per square meter in suburban areas.
• Luxury Properties: High-end properties and those in prime locations can command prices upwards of €4,000 per square meter.

More about our services for buyers here

Health Insurance

Private health insurance is a must for British expats, not only because it is required for visa approval but also because it provides quicker access to healthcare services. Several providers offer comprehensive plans tailored for expats, such as DKV, ASISA, ASSSA, and Feather.

Taxation

The UK and Spain have a double taxation agreement, meaning you won’t pay tax twice on the same income. Social security payments and other pension income are typically taxable in Spain, but the Spanish tax authorities will deduct any tax you’ve already paid. Programs like the Beckham Law can help reduce tax liabilities for British workers in Spain. In our services, we introduce you to tax specialists who provide tailored guidance.

Cultural and Lifestyle Tips

Language

While many people in Valencia speak English, learning Spanish will significantly ease your transition and enhance your overall experience. Valencia has numerous language academies, and the local accent is relatively neutral, making it easier for beginners.

Embrace Local and International Events

Valencia is rich in cultural traditions and hosts numerous events that provide a deep dive into both local and international lifestyles:

• Las Fallas: A five-day festival in March celebrating Saint Joseph with fireworks, parades, and large wooden sculptures that are eventually burned in a grand bonfire.
• Valencia Classic Sailing Cup: Held annually, this regatta celebrates the beauty and tradition of classic sailing. This event is a favorite among those who cherish vintage yachts and the art of traditional sailing.
• The Open de España: This prestigious golf tournament is part of the European Tour and attracts top golfers from around the globe.

Neighborhoods for Expats

Valencia boasts several neighborhoods popular among expats:

• Ruzafa: A trendy district with a vibrant nightlife and numerous amenities. It has seen significant urban renewal and is home to many expat-run businesses.
• El-Cabanyal: Located right on the beach, this neighborhood has undergone major revitalization and offers affordable housing.
• El Carmen: Situated in the medieval center, this area is attractive but can be more expensive and busier.
• Canovas: An upmarket neighborhood east of the city center with larger and more expensive flats.
• Suburban Areas: L’Eliana, Rocafort, and La Canyada are popular suburban areas that offer spacious homes, quieter surroundings, and excellent amenities, making them ideal for families and those seeking a more relaxed lifestyle.

Additional Insights

Transportation

Valencia has a reliable public transport system, including buses, trams, and a metro. The city is also very walkable, and biking is a popular option. Using public transport or biking instead of relying on cars can be more convenient and cost-effective.

Navigating Bureaucracy

The visa application, residency registration, and identification cards can be challenging. At Livin’Valencia, we include these services in our fee to ensure a smooth transition, saving you time and reducing the stress associated with bureaucratic procedures.

Real Estate

Valencia is an excellent choice for buying property, either as a home or an investment. The property market offers relatively low prices for a city, and you’re never too far from essential facilities. However, be cautious of the local real estate market’s lack of regulation. We can assist you with all aspects of the buying process, from finding the right property to navigating the legal requirements.

Social Integration

Building a social network can be one of the most rewarding aspects of relocating. Engage with local communities, participate in cultural events, and explore social clubs or expat groups. Valencia’s expat community is vibrant and welcoming, providing ample opportunities to make new friends and connections.

Final Thoughts

Relocating to Valencia from the UK can be a fulfilling and enriching experience, offering a blend of Mediterranean lifestyle, cultural depth, and economic opportunities. By understanding the visa requirements, financial implications, and cultural nuances, you can ensure a smooth transition. At Livin’Valencia Real Estate Advisors, we are here to assist you every step of the way, from navigating legal documents to finding your dream home in Valencia.

We hope this guide provides valuable insights and encourages you to embrace the exciting journey ahead. Welcome to Valencia, your new home awaits!

For more personalized advice or assistance, feel free to contact us or book a consultation. We are committed to making your relocation experience as seamless and enjoyable as possible.