The real estate market in Valencia continues to attract new investment, particularly in areas where demand for new-build homes is growing. Circular Capital will invest approximately €17 million in a new residential development in Nou Moles, adding 39 new homes in Valencia to the market. Today, from Quinta Avenida Inmobiliaria, we take a closer look at this project and what it means for the city’s residential sector.
Circular Capital invests €17 million in new homes in Valencia
Circular Capital will develop a residential project consisting of 39 homes in Valencia, located in the Nou Moles neighbourhood, within the L’Olivereta district. This will be the company’s first project in the city through its Circular Homes platform.
The investment is expected to reach approximately €17 million and will bring Circular Capital’s number of projects currently under development to seven, with a total portfolio gross development value of more than €80 million.
The development will offer two- and three-bedroom homes, with an average surface area of more than 113 square metres. The properties will include terraces, parking spaces and storage rooms. The penthouses will feature duplex layouts, while the ground-floor homes will have private gardens.
Residents will also have access to communal facilities, including a swimming pool, landscaped areas and a dedicated bicycle space. These features are increasingly relevant for buyers looking for modern properties that combine comfort, outdoor space and practical amenities.
A residential project aimed at local buyers
The business plan forecasts revenues of approximately €19.5 million, with more than 75% of the required capital already committed. According to the company’s projections, the investment is expected to generate an internal rate of return of more than 21% and an equity multiple above 1.65 times.
The development will be located in Nou Moles, an established area within Valencia’s first urban ring. Its location provides connections to the historic city centre, the railway station and the airport.
Circular Capital is primarily targeting buyers between 30 and 45 years old purchasing their first home, as well as local households looking to replace their current property. The company identifies the shortage of new-build housing in the immediate area as one of the reasons behind the decision to develop the project there.
The company also points to a shift in demand from central neighbourhoods towards nearby areas where buyers can find more affordable homes while remaining close to the city centre.
Sustainability as part of the new development
Sustainability will also play an important role in the project. Circular Capital plans to apply its CIREP methodology, which incorporates more than 30 tools to measure the environmental impact of a development throughout its design, construction and operational phases.
The company aims to reduce the embodied carbon of construction materials by more than 20% and emissions generated during the building’s use by more than 70% compared with a conventional development.
The project also plans to design at least half of its construction systems with dismantling and reuse in mind. In addition, more than 95% of construction waste is expected to be recycled, while more than 90% of the materials used will be classified as healthy according to European Taxonomy criteria.
What this investment means for Valencia’s real estate market
The project reflects the growing importance of new-build homes in Valencia, particularly in neighbourhoods located close to the city centre but offering greater opportunities for residential development.
The combination of limited new-build housing, sustained demand and the search for more affordable areas is encouraging developers to look beyond Valencia’s most central neighbourhoods. Nou Moles is one example of how this trend is creating new opportunities for both homebuyers and the real estate sector.
For buyers, developments such as this one provide an alternative to older properties in central areas, offering modern layouts, outdoor spaces, parking and communal amenities.
Conclusion
The €17 million investment by Circular Capital will add 39 new homes in Valencia, with spacious two- and three-bedroom properties, terraces, parking and communal facilities. The project also places a strong emphasis on sustainability and energy efficiency.
At Quinta Avenida Inmobiliaria, we will continue to follow the evolution of the real estate market and the new developments shaping Valencia and its surrounding areas. If you are looking to sell, buy or rent a property, or if you have any questions about the real estate market, feel free to contact us or visit our website
