Irishman Conor Wilde's Success in Valencia's Real Estate Market

A New Home, A New Venture

In 1992, Conor Wilde, an Irishman, found a new home in Valencia, Spain. Initially drawn to the city by a youthful romance, Wilde eventually fell in love with Valencia's relaxed vibe, low cost of living, and outdoor lifestyle. Today, he is deeply rooted in the city and has no plans of returning to his homeland. Instead, he has found success as an estate agent through his agency, Found Valencia, which specializes in catering to international clients.

Found Valencia sells approximately €20 million worth of high-end residential property each year. The primary clientele includes those looking to enjoy the city's renowned culture and quality of life or investors seeking profitable returns. Valencia, the third-largest city in Spain, offers a pleasant climate, beaches, vibrant nightlife, and a pleasing urban environment that attracts many to its shores.

From Seafood to Real Estate

Wilde's journey in Spain began in the mid-1990s, developing markets for seafood throughout Spain and France, a natural extension of his background in a fishing family. However, the long hours and constant traveling eventually wore him down, leading him to switch to property sales and permanently settle in Valencia in 2000.

Immersing himself in the local culture, Wilde became fluent in Spanish, including the Valencian dialect. His social circle consisted mainly of Spaniards, and the lack of internet at the time meant he had to build his network from the ground up. Despite the initial challenges, Wilde found his niche in sourcing properties for international clients and assisting them in accessing local services post-purchase.

Found Valencia: A Success Story

Over the years, Found Valencia has grown steadily, employing 15 staff members. Irish, British, and continental buyers have significantly contributed to the growth of the Valencian property market, enabling Wilde to expand his business. However, this journey has not been devoid of challenges, including the 2008 economic crash, Brexit, and the Covid-19 pandemic.

The Brexit led to a temporary decline in business from British clients, but the Spanish golden visa system, which grants residency to non-EU members investing over €500,000 in property, has made Valencia attractive to British buyers. This system has led to an increase in the purchase of higher-quality properties in Valencia.

Buyers' Preferences and Investment Opportunities

Most clients prefer properties with pools and large terraces in the €500,000 to €1 million price range. The desire is not just for a property but for an authentic Spanish lifestyle. For investors, Wilde suggests opportunities for rental returns of 5% to 10% on properties priced around €750,000 to €800,000, especially in the student accommodation sector.

Thriving in Valencia

Despite working long hours and often meeting clients and business associates, Wilde enjoys his lifestyle in Valencia. He lives in the small town of La Eliana, about a 25-minute drive from Valencia city. His hobbies include playing music in local bars and sea fishing. Wilde appreciates the safety, affordability, and quality of life in Valencia, which he believes offers an unbeatable lifestyle.

While he misses his friends and family in Ireland, the high cost of living there is a deterrent for him to return. With a cup of coffee costing €1.50 and a three-course lunch available for €11, Valencia's affordability is a significant advantage. Wilde's story is a testament to finding success and happiness in foreign lands, embracing new cultures, and building a thriving business from scratch.