- The development, consisting of 152 homes with 2, 3 and 4 bedrooms, has involved a total investment of 32 million euros.
- The project is located in the Patraix neighborhood, one of the most consolidated and growing residential areas of the city.
- The delivery takes place against a backdrop of strong residential demand pressure in Valencia, where supply continues to fall short of the pace of new home creation.
Valencia, May 19, 2026. Metrovacesa, one of the leading real estate developers in Spain, has completed the delivery of Residencial Patraix, a project comprising 152 homes in the Valencian neighborhood of Patraix. The development, which has required a total investment of 32 million euros, reinforces the company’s presence in one of the city’s most consolidated and expanding urban enclaves.
The delivery of homes has already reached 35% of the total development, consolidating the development of a project designed to respond to the growing residential demand in Valencia.
A residential project focused on quality of life
Residencial Patraix consists of two nine-story buildings that house 2, 3 and 4-bedroom homes, all of them with terraces. The complex incorporates common areas oriented towards wellness and community life, including a swimming pool with solarium, gym, social club and bicycle parking spaces, making up a residential proposal designed to adapt to the current needs of households.
The development has been conceived under criteria of sustainability, energy efficiency and construction quality, incorporating solutions aimed at improving thermal and acoustic comfort, optimizing energy consumption and reducing environmental impact. In line with Metrovacesa’s standards, the project’s design prioritizes both the well-being of residents and integration into the urban environment.
Patraix, a consolidated neighborhood in full expansion
Located in the Patraix neighborhood, the project is integrated into a consolidated environment that combines residential tranquility with a wide range of services, stores and facilities. Its proximity to key infrastructures, such as the metro network, hospitals and main access roads to the city, reinforces its attractiveness as a regular housing option.
Common areas and sustainability
Residencial Erithea Phase 2 has common areas designed to promote the well-being of residents, including a communal swimming pool, landscaped areas, walking areas and a children’s playground, all in a gated community.
The project incorporates double A energy rating and will be developed in accordance with the standards of Metrovacesa’s Domum commitment, also having the Green Seal, which certifies its energy efficiency and respect for the environment.
With Residencial Erithea Phase 2, Metrovacesa reinforces its presence in the metropolitan area of Seville with a residential proposal that combines location, construction quality and sustainability, in response to the demand for housing in well-connected and consolidated environments.
“The development of Residencial Patraix reflects our commitment to the creation of quality housing in consolidated locations in Valencia, at a time when residential demand continues to grow strongly,” says Santiago Ignacio Domingo Lliso, Development Manager at Metrovacesa’s Levante branch.“Projects such as this one contribute to expanding the available supply and responding to the current needs of buyers”.
A market strained by demand growth
The delivery of Residencial Patraix takes place in a context of strong dynamism in the Valencian residential market. According to the analysis carried out by Metrovacesa R3search, in the last four years, the accumulated deficit in the province already exceeds 44,000 homes and production barely covers 69% of the real demand. In this context, the Patraix neighborhood concentrates close to 20% of the entire supply of new construction in Valencia city, according to the sectoral report of the Housing Observatory Chair of the UPV. In this scenario, the completion of new developments is key to help balance the market and improve access to housing.
With this delivery, Metrovacesa continues to consolidate its activity in Valencia, focusing on developments that combine quality, sustainability and a strategic location in markets with high residential demand.
