Valencia reports soaring rental costs and a 13% drop in traffic in June

A recent survey by the Valencian real‑estate association shows that 13.9% of renters in Valencia now share flats and 12% rent rooms, up sharply from previous years. Non‑family flat‑sharing has risen to 33.4% of tenants. The price of new multi‑family housing averages €4,500 per square metre, and long‑term rents have risen about 90% since 2019, pushing many seekers to search for apartments priced at €500‑€700, which many consider unaffordable. In response, the Valencian government’s programme of guarantees has been expanded to €60 million, approving more than 3,100 guarantees that have assisted 4,645 young people in obtaining mortgages.

City traffic data for June show a 13% reduction in private‑vehicle flow compared with the same month last year, with an average of 77,200 fewer vehicles entering the city each day. This marks a 12% decline versus 2025 and a 7% drop versus 2023, amounting to a 19% decrease since the 2019 peak. Public‑transport usage rose, with the municipal transport company carrying 120 million passengers, up from 93 million in 2023. Bicycle traffic fell 11% compared with 2025, though it remains 5% above 2023 levels. The municipality attributes the traffic easing to both urban redevelopment projects and a shift toward sustainable travel options.