Javea Apartment

Javea is becoming the most desirable place to live in the Costa Blanca. People from the UK and Ireland are finding good value investment apartments in Javea. Why Javea? Its location is on the most easterly point of mainland Spain. It is called The Dawn of Spain, Amanecer in Spanish. The first rays of the sun, bathe Javea Cabo de la Nao and the Cape de San Antonio.

There is a new era of interest, that will see prices soar in the next few years. Promoters and developers are realising the full potential of the property market in Javea and prices are set to climb between 10% – 20% per annum. New complexes are selling 3 and 4 bedroom penthouses from 320.000 euros, plus i.v.a. or v.a.t. The Arenal in Javea is beginning to see the infrastructure of new roads. Street lightings and under ground cables for electricity and mains services are being install to make the way clear for easy access. New luxury apartments are going to be constructed here, priced from 595.000 euros for a 2 bedroom apartment and up to 950.000 euros for a 3 bedroom duplex, that’s expensive, is what people are saying. Nevertheless, the apartments in Javea are selling. The developers are aware of the trend of the purchasers needs in Javea and they are, Location, Quality and Price, in that order.

I remember back to 1995, talking with a Javea estate agent. He was telling me that the Javea town hall was taking building applications for over 2000 apartments in the next 5 years. Where will the buyers come from, he asked? Where is all money going to come from? Where will we all park? Apart from the last question, they have arrived, purchased, sold, reformed and resold. That was over 10 years ago, what has changed? The weather? No. The location? No. The prices? A big YES!

Posted by: Lumi Mitescu on Wednesday 29th November 2006