Javea Blog

Saturday 25th June 2016

BREXIT - A message from Ximo Puig the President of the Valencian Community, 25.6.16.

Europe cannot be understood without the United Kingdom. The Europe which the world admires, is that which has been the hotbed of the brightest ideas of human thought for centuries. The Europe of Shakespeare, Newton, Darwin, Stuart Mill, Jane Austen, Dickens, John Lennon, Keynes.

The Europe of parliamentary democracy and freedom.  The Europe which displaces the boundaries of art and knowledge, radiating creativity to the rest of the world. It is the Europe of peace after the war.  From that peace has evolved the material that allows the real progress of peoples.  In short, Europe has largely learned to be what it is, thanks to the UK.

In Valencia we understand this.  More than 82,000 British citizens live with us. 89% of these in the province of Alicante.  In 2015 more than 2 million Britons visited us.  And their preferred destination was Alicante, especially Benidorm.

We export in value almost 3,000 million euros, and the UK is one of the main investors in Valencia Province.  To all those, who live among us and to our visitors, the investors, the Generalitat Valenciana wants to send a message of calm and reiterate our affection and gratitude.

This message of tranquility extends to our businesses, and to the thousands of people from Valencia who for work or for study reasons are in the UK.

The Valencian Community has been, is, and will be a welcoming land, a land that wants to do business for the benefit of all.  Whatever the next chapter in Europe will be, we want it to be written with friendship and cooperation with the United Kingdom.

No political project is without its risks and challenges. Europe has to change, adapt and combine all identities and sensibilities.  All forms of feeling European. Europe needs to regain its sense of being.

We have to once again make a reality of the quote of Jean Monnet. "We are not bringing together states, we are uniting people."   We need to regain our passion for Europe. XIMO PUIG.

(President of the Valencian Community)


 

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Tuesday 10th February 2015

Javea presents its Mediterranean character in FITUR

A tourist campaign offering weekend getaways outside the summer season to discover the true essence of the town.

Madrid Wednesday, January 29th. The Mayor José Chulvi, and the Councillor for Tourism Antonio Miragall, today presented at Fitur2015 the holiday off-season campaign "Xàbia, a Mediterranean memory," a project which involves Xàbia’s tourism sector, such as hotels, restaurants, and businesses engaged in entertainment, especially water sports.
Under the slogan "You deserve more than just a summer holiday" the campaign promotes the Mediterranean character of the population and the town as a destination that can be enjoyed throughout the year thanks to its friendly atmosphere and spectacular environment.
A TV commercial has been produced starring citizens of Xàbia showing its best natural areas, leisure and gastronomy options, created by Sol de Invierno. (
https://www.youtube.com/watch?v=S3Iqto-yBg4)
The campaign consists of seven off-season week-end packages with two nights’ accommodation with breakfast, lunch or dinner at one of 15 participating restaurants and a thematic activity for the break: cultural and leisure (theatrical or historical) routes, culinary (gastronomic route) and active recreation (hiking on Cap Prim). Everything included from 55 euros per person, a price that varies depending on the hotel selected.
In addition, brochures are available with other interesting services or activities to do in the town and other special offers for those who enjoy these breaks, from renting a car at the airport, to a raffle of gift items.
These offers are marketed in the two travel agencies in Xàbia (I Love Trips and Jambo Travel) .
Besides the presentation of the campaign, Xàbia had its desk open on the Costa Blanca Tourism stand during all fair days and today enlisted the help of representatives of Fogueres 2014 which attracted the attention of many visitors. The girls have worked to promote Xàbia fiestas, and wore their traditional dresses.

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Tuesday 10th February 2015

Significant increase in housing construction in Javea in 2014

There was an increase in housing construction in the town of Javea, following an upward trend since 2011, as confirmed below by the Deputy Mayor of Javea, Oscar Antón, on the 31st January 2015.

YEAR / NUMBER OF REQUESTS FOR MAJOR WORKS/ NUMBER OF NEW HOUSES/ PROPOSED BUDGET

The increase occurs significantly in 2014 to double the number of houses and the budget for the execution of requests for licences for major works. More importantly, nearly all the homes entail major urbanization of the plots with garden, terraces, barbecue and pool. The construction of these houses has not led to the creation of new roads but made use of existing plots, some fully urbanized and others which have the obligation to complete the development works that are presently missing to achieve the required conditions.
All other licences granted, which are reflected in the boost in the 2014 figures relate to additions and alterations to existing houses, usually due to the sale of such housing.
This increase in applications will cause an increase in construction and thus the economy, since construction is one of the major economic engines of our population and also will increase other economies such as maintenance, restoration, etc.

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Thursday 10th January 2013

Property Market to Recovery in 2013

Cash Buyers will Lead Spain’s Property Market to Recovery in 2013

As Spain prepares to head into a new year, its real estate market is showing promising signs of a recovery. After a turbulent few years, the country ended 2012 on a high note, with reports rife of sales increases among real estate agents.  Sales from overseas buyers increased throughout the year, as did investment and cash purchases, which helped to lead the market out of turmoil and into a new state of hope.

No easy road

Although a recovery is in sight for many parts of the country, experts warn that it is not going to be an easy ride for both those looking to sell and those looking to buy a home in Spain. The country’s lending situation still presents large challenges for those that do not have large deposits; many lenders throughout the country stopped lending to foreign buyers in 2012, and many others only offered deals to buyers that could provide deposits that were greater than 50 percent. However, this has led to a new breed of buyers for which Spain offers excellent prospects.

Cash buyers in strongest position

Nick Stuart, director of Spanish Hot Properties, said that the banks' reluctance to lend has led to cut-price deals for those that have a lot of capital. "We will find that cash buyers will be in a strong position to negotiate,” he said, "and will generally get discounts on properties up to the €300,000 mark.” House prices in Spain have generally never been so affordable for those with cash; along with the sharp increase in number of repossession, it is not uncommon for buyers to be snapping up properties in popular locations for as little as 50 percent of their pre-recession price.

Leading the way for the country’s property market is the Costa Blanca. Javea, which enjoys a prime spot looking out to the Mediterranean sea, has long been an area popular with tourists, expats and foreign buyers looking for a summer holiday home. Situated on the nearest point of mainland Spain to the Balearic Islands, Javea enjoys outstanding natural beauty and an enviable coastal location next to the Parque Natural El Montgo. Although property prices in Javea have fallen since the height of the property boom, interest in this popular area has increased as a result.

The average house price in the Javea region has fallen from €468,000 in 2006 to just €374,000 in the second quarter of 2012. However, for the first time since the start of 2011, house prices increased by the end of quarter three of 2012 to €387,000, signalling that those buyers in a strong financial position (largely cash buyers) were starting to take advantage and cash in on some of these reduced home prices. It is hoped that the increased investment appeal and injection into the upper end of the housing market will lead the whole market to recovery throughout the next couple of years.

Overseas buyers snap up high-end properties

Official figures indicated a common theme throughout 2012; that confidence in Spain's economy was returning to overseas buyers and sales levels were increasing. The prospect of bagging a bargain on investment property and holiday homes has led to a surge in the number of UK buyers in particular, boosting the profile of locations typically popular with British holiday-makers, such as the Costa Blanca.

Light at the end of the tunnel for domestic buyers

There is no doubt that Spain’s high unemployment rate has had a huge impact on the domestic property market. Affecting almost 25 percent of the Spanish population, unemployment has lead to many buyers being priced out of the market. This, coupled with reduced wages and rising living costs, has meant that many people have not been in a position to buy a home. However, planning approvals on new build residential complexes have fallen by more than 90 percent in the past two years, meaning that the amount of available properties has started to fall. Spain’s excessive number of unoccupied and unfinished new build properties once led to a saturation of the market. However, now that new build levels have been controlled and capped, domestic buyers are able to have their pick of available properties, and are slowly buying this previously unsold stock. It may be a slow process (the number of approved mortgages during 2012 had fallen more than 35 percent compared with in 2011), but it is a feeling among real estate agents that recovery will start in 2013.


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Thursday 17th May 2012

Buyers are returning to Spain

There was a 27% rise in the volume of overseas nationals who bought properties in Spain last year, according to official figures provided by the Bank of Spain.

According to the data, foreign property buying activity in Spain is back to levels last recorded in 2009, suggesting that international consumer confidence is improving.

While some foreign buyers are purchasing for investment purposes, others are simply taking advantage of the distressed nature of the market, with a view to securing a cheap holiday home in Spain.

Spanish property commentator Mark Stucklin says: “What is driving this increase in foreign investment in Spanish real estate? At least part of it will be due to a significant increase in the number of foreigners buying holiday-homes and retirement homes on the Spanish coast, which some of the estate agents and developers I talk to have noted.”

The Spanish property market is ultimately suffering from a chronic oversupply of homes, which explains why the supply of new homes has come to a virtual halt in order to allow the existing glut of properties to be absorbed.

According to the latest figures from the government, the existing level of planning approvals for new residential properties has fallen by 93% since the peak of the market in 2006.

Article taken from International Estate Agent Today. 17th May 2012

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