On the Idealista real estate portal there are fifty apartments for rent in the Tres Forques neighborhood. Of these, up to five apartments belong to the Virgen de los Desamparados group and one even costs 1,300 euros per month. Two and three-bedroom apartments, exterior and with elevator that, however, are located in the district of Valencia with the most affordable average residential rental price in the city, 941 euros, according to data from the Housing Observatory of the University Politècnica de València referring to the first quarter of the year. Benicalap, Patraix, Pobles de l’Oest and Jesús are the other districts with the lowest average rental price, but in all cases the figure does not fall below 900 euros.
In the case of the average rental price of the four houses consulted in the Virgen de los Desamparados group, this exceeds 850 euros, in a location to improve, since the group of properties is the first, together with that of Tendetes, in Campanar, in which the Valencia City Council has announced actions to adapt homes and buildings with energy efficiency criteria on account of European funds.
A neighborhood built in the fifties, where many of the residents of Valencia affected by the flood of 1957 relocated, promoted by the Obra Sindical del Hogar (OSHA) at the eastern exit of the city and main entrance from Madrid.
Public construction homes that were later sold at a low price and where the humblest classes went to live, since the extension that the neighborhood now occupies was orchard until the beginning of the 20th century.
It is just one example of the increase in the cost of rental housing in the city of Valencia, in which the offer has also been greatly reduced. The Idealista portal quantified this week the fall in the Valencian capital by 45% in the last four years, Valencia being one of the cities in which the rental offer has been most reduced.
The Association of Real Estate Agents of the Valencian Community, Asicval, agrees with this estimate, whose president Nora GarcÃa assures that since the change in the last law (January 2019), “the offer has only decreased, except in the months of confinement , which increased again due to the rental of housing for vacation rental, then in disuse â€, he adds.
GarcÃa believes that “the owner has perceived since then that there are more obstacles to disposing of his home” and maintains that many people do not want to rent it out because “it makes them more afraid”. This situation has generated, as explained by the president of Asicval, that last year it was the one with the most sales of housing previously intended for rent: “In Valencia, a normal agency did two or three operations of houses that come out after being rented, this year there were 8 or 9 operations per agency. There is a lot of difference, â€she maintains.
A situation that does not see signs of improvement with the new Housing Law, as it argues that “something had to be done, although we understand that this was not the best way to put housing on the market.”
Likewise, GarcÃa also alerts that the rental problem is no longer only in the city, but is already extensible to the rest of the metropolitan area, where finding affordable rentals is beginning to be complicated. This same Wednesday, in l’Horta Nord there were only 12 homes for rent for 600 euros, 3% of the total; while in l’Horta Sud this percentage increased to 4.5% in a market that offers only a dozen properties for 600 euros.
In this regard, the UPV Housing Observatory had already detected that l’Horta Nord is the region most in demand -it has a higher price-, differentiating itself by 28% above compared to l’Horta Oest and up to 40% with l’Horta Sud, which ranks third in average rental price.
