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Valencia city of the Arts and Science is a new symbol that has revitalize the property market. 30 years ago the area was an industrial state, now it is a modern residential area

In just ten years, the City of Arts and Sciences has become the symbol of Valencia, a city with two thousand years of history.  This avant guarde complex, dedicated to the arts and to science, spreads along two kilometres of  green space in the old Turia riverbed.

Residential properties in this area are relatively new becuase it was a nest of factories. Only from the new Urbanistic Plan of 1984 this area started suffering a positive change. Properties are expensive in this area (from €300K) but in the surroundings you can find good deals and enjoy the prime location itself: The Turia gardens. The shopping malls and enterteinments.

The complex consists of six main buildings: the Prince Felip Museum of Science, the Oceanografic, Europe’s largest aquarium, and the Hemisferic,  Agora, Umbracle, and the Palace of the Arts.  The attractive design of this project has revitalized the surrounding area, which has become one of the most pleasant and desirable places to live in Valencia.

Very close to the sea and the port, well connected by bus and by a ring road, this part of the city has, among other amenities, two bustling shopping centres, Aqua and El Saler.  Other facilities include a selection of themed restaurants and residential towers including the Avenida de France, La Fuente de San Luis, the largest indoor sports hall in Valencia, and the Fallas Museum, which collects the flags and symbols of the fiestas characteristic of Valencia.

This part of the city was a Valencia’s post-industrial depressed area in the 70s and 80s. Once upon a time there were polluting factories, the old bed of the river was absolutely messy and there was even an overground train wqioth barriers crossing Serreria and the Avenida del Puerto stopping the road traffic everytime that was going through… and some tragic accident time to time.

It was in the mid 80s (certainly 1984) when the new General Urban Plan wanted this area to be one of the most modern parts of the city. In the late 90’s and early 00’s is was a reality.

Both sides of the bed of the old river were developed with new builts and started becoming a nest of property speculation already in the eve of the property bubble. In brief: hundreds of empty apartments. The micro-property markets that have really been benefited by the development of Avenida del Francia have been the streets around it. Property prices rose and the demand and offer has kept active: Avenida de Baleare, Islas Canarias, Avenida del Puerto, Grao and the borough of Montolivete are clear examples.