Javea Blog

Record property price increases in 2024

The price of resale properties in Spain rose by 7.5% year-on-year during the second quarter of 2024. This rise gives the average price per square metre as 2,138 euros, according to the latest Idealista price index.  Looking at the quarterly variation, prices have increased by 2.9% in the last three months. With these figures, Spain has reached a new historical high.  This is a generalization of price increases for the whole of Spain, whereas prices increases in Javea and nearby towns on the Costa Blanca have shown higher figures. 

For further information, please copy and paste the following link into your browser.

https://www.idealista.com/news/inmobiliario/vivienda/2024/07/02/818177-el-precio-de-la-vivienda-usada-sigue-en-record-y-sube-un-7-5-en-junio#at_medium=email&at_emailtype=retention&at_campaign=1062&at_creation=news_weekly_20240705&at_send_date=20240705&at_link=m-3-titular-node-818177&at_recipient_id=72471379279&at_recipient_list=3&utm_medium=email&utm_campaign=1062&utm_term=m-3-titular-node-818177

Have a comment on Record property price increases in 2024?

Property for sale in Javea - Xabia

Property for sale in Javea / Xabia

Our Javea Casas website was first established between 1998 and 1999. For approximately 25 years we have helped our clients to buy property in Javea / Xabia and sell property in Javea / Xabia.

Please take a look at our testimonials, including details from a selection of our clients who have commented on their personal experiences, when buying and selling property in Javea, Moraira and Benitachell.  We specialise in these areas and we have been working with numerous collaborating agents for many years.   

We can help you to buy or sell your property, with the help of our large network of collaborating agents. 

We would be delighted to hear from you, if you are looking for property for sale in Javea / Xabia (villas / houses, apartments, townhouses, building plots, commercial premises in Javea, etc.

Please contact us with regard to any queries you may have, or information you may require, when buying or selling property in Javea.

Looking forward to hearing from you.

Dawn Patricia Nott

Javea Casas

Telf. +34 609711887

Email:  sales@javeacasas.com

www.javeacasas.com

GENERALITAT VALENCIANA AGENCY REGISTRATION NUMBER:   RAICV 1230

Onroerend goed te koop in Javea / Xabia

Onze Javea Casas-website werd voor het eerst opgericht tussen 1998 en 1999. Al ongeveer 25 jaar helpen we onze klanten bij het kopen van onroerend goed in Javea / Xabia en het verkopen van onroerend goed in Javea / Xabia.

Bekijk onze getuigenissen, met details van enkele van onze klanten die commentaar hebben gegeven op hun persoonlijke ervaringen bij het kopen en verkopen van onroerend goed in Javea.

We horen graag van u, neem contact met ons op voor vragen of informatie die u nodig heeft bij het kopen of verkopen van onroerend goed in Javea.

Voor villa's, huizen, finca's en appartementen te koop in Javea / Xabia kunt u contact opnemen

Dawn Patricia Nott

Ik kijk ernaar uit iets van je te vernemen.

Telf. +34 609711887

Propriété à vendre à Javea / Xabia

Notre site Web Javea Casas a été créé entre 1998 et 1999. Depuis environ 25 ans, nous aidons nos clients à acheter une propriété à Javea / Xabia et à vendre une propriété à Javea / Xabia.

Veuillez consulter nos témoignages, en donnant des détails sur certains de nos clients qui ont commenté leurs expériences personnelles lors de l'achat et de la vente d'une propriété à Javea.

Nous serions ravis de vous entendre, veuillez nous contacter pour toute question ou information dont vous pourriez avoir besoin lors de l'achat ou de la vente d'une propriété à Javea.

Hâte de vous entendre.

Dawn Patricia Nott

Jávea Casas 

Telf. +34 609711887

www.javeacasas.com

Have a comment on Property for sale in Javea - Xabia?

New law requiring registration of all real estate agents

NEW LAW REQUIRING REGISTRATION OF ALL REAL ESTATE AGENTS IN THE VALENCIA COMMUNITY

We are pleased to confirm our compliance with a new law (Decree 98/2022), which includes a number of obligations affecting all individuals or legal entities who are dedicated to providing advice and intermediation in real estate operations within the Comunidad Valenciana.

From the 16 October 2023, all agents must be registered in the Register of Real Estate Agents of the Valencia Community (el Registro de Agentes de Intermediación Inmobiliaria de la Comunidad Valenciana), and they must fulfill a number of requirements in order to register, including the following.

1)  Agents must be the holders of a surety insurance (seguro de caución) and professional civil responsibility insurance.

2)  Provide proof of accreditation, to demonstrate agents are qualified to perform the real estate activity.

WE ARE PLEASED TO PROVIDE DETAILS OF OUR COMPLIANCE WITH THE NEW LAW:

(In the name of Dawn Patricia Nott on behalf of Javea Casas) 

GENERALITAT VALENCIANA REGISTRATION NUMBER:   RAICV 1230

MEMBER OF A.N.P.I.F.F.  Asociación Nacional de Profesionales Inmobiliarios Financieros y Fiscales:  Reg. Nº  1.964 

INSURANCE POLICIES:

Company:  AXA:  Civil responsibility insurance, policy number 85114094.

Company:  INTERCAUCIÓN AGENCIA DE SUSCRIPCIÓN S.L.:  Surety insurance. Certificado de seguro de caución número 62736804.

ACCREDITATION:  Dawn Patricia Nott is the holder of the following qualification:

"DIPLOMA DE TITULACIÓN AGENTE PROFESIONAL INMOBILIARIO”.

Have a comment on New law requiring registration of all real estate agents?

10 reasons to buy property in Spain

1.  In times of political and economic instability (war, stock market crash, global pandemic, bank runs, high inflation, etc.), gold and real estate are king as traditionally they act as safe havens where savers shelter their money to weather the storm.

2. Staves off inflation. At a time when central banks have (irresponsibly) printed money to no end, vastly increasing the monetary mass which in turn has led to inflation spiralling out of control worldwide, real estate offers by contrast a placid solace to deposit your life savings. Savings sitting idly at a bank are devoured by rising inflation, losing value every year.

3. Tangible asset. Real estate is a tangible asset that you can touch, feel, and see any time of the day. This acts in sharp contrast to ethereal investments, such as crypto currencies and other intangible assets, which are really never under your control, hard to understand, and even harder to monitor.

4. Security. The laws in Spain offer property owners a solid legal framework which protects and upholds their rights as behoves a modern European democracy. In several regions of Spain (i.e. Madrid, Andalusia, Galicia, etc.) inheritance tax and wealth tax have been suppressed. These regions have also slashed property transfer tax and stamp duty on buying property.

5. Capital growth. It’s no secret that real estate always appreciates in the long run. Unlike other volatile investments (such as stocks, bonds, and mutual funds) which undergo huge fluctuations, real estate offers a constant and gradual increase of value over time. Property prices in Spain have risen by 16% over the last five years (and even by two digits year-on-year in some sought-after areas, such as large cities (i.e. Madrid, over 40%) and coastal areas (i.e. Marbella, 40%). You really don’t need to invest in Bitcoin to strike it rich, just stick to the basics.

6. Generates passive income. Rental yields in Spain have soared by two digits over the span of three years. Spain is the world’s second tourist destination creating a huge pentup demand for holiday accommodation. Investing in property, and collecting the rent, is indeed a (very) profitable business in Spain. For long-term rentals, you can expect a net yield of 5% a year; for holiday accommodations it’s over 10%. They don’t call them ‘landed’ gentry for nothing!

7. Equity leverage. Investing in real estate allows you to leverage your equity over time. In plain English, this means that if you finance a property with an investment loan, the amount of money you borrow will eventually be less than the value of the property once it appreciates over time. After some years, you can refinance and use some of the additional equity to invest further in other properties. This strategy is ideal for investors who want to play it safe and adopt a long-term investment strategy, building up a healthy property portfolio over time.

8. Source of cash flow. Rented properties generate a constant revenue stream for their owners. Landlords may use the collected rent to pay overheads and other property maintenance expenses - including monthly mortgage repayments! In a nutshell, a wellchosen property pays for itself!

9. Generous tax deductions. Unbeknownst to most people, Spain offers lenient tax allowances which in effect reduce a landlord’s tax bill by 70%, or more (applies only to EU residents). You can offset all property maintenance expenses, including your lawyer’s fees (to calculate the rental tax) and mortgage interests! Once deducted, property offers great returns on investment.

10. Strong dollar vs. weak euro. This advantage is unique to those investors holding US Dollars. Due to the lack-lustre and reactive performance of the ECB, the US Dollar has strongly appreciated against the Euro over the last months creating unique buying opportunities. In plain English, never before has Spanish property been cheaper and more appealing to savvy US Dollars holders. Not to mention that buying property opens the door to a coveted Golden Visa, which allows unfettered access to the Schengen Area (27 countries). When you combine soaring rental yields and capital growth, you reach the conclusion that Spanish real estate is delivering a safe two-digit return year on year.

(As published 10.5.23 on "Idealista” under the "news” section).

Have a comment on 10 reasons to buy property in Spain?

Between the last half of 2021 and the first half of 2022, property on the Spanish coast has experienced a period of recovery, with active demand and prices which have generally exceeded 2019 levels.

TINSA property report 29 July 2022.

The coastal market has been reactivated after the 2020 brake imposed by mobility problems and the Covid health alert. This is one of the conclusions of the report 'Housing on the Coast 2022' published by the real estate valuation and data group Tinsa.

The coastal areas which have exceeded the national average for prices, sales and visas are located in Ibiza and Alicante (between Denia and Benissa).

86% of coastal municipalities registered annual price growth in the first quarter of 2022. Overall, the average value of housing on the coast (first and second residence) increased by 4.2%.

Please click on the following link to view the TINSA website and to see the full report. "Google Translate” is available if you wish to see the reports in an alternative language.

https://www.tinsa.es/sala-de-prensa/notas-de-prensa/informedecosta2022/

Have a comment on Between the last half of 2021 and the first half of 2022, property on the Spanish coast has experienced a period of recovery, with active demand and prices which have generally exceeded 2019 levels.?