Javea, a seaport located on the Costa Blanca, is an increasingly popular destination for people wishing to buy Spanish property. The beaches on the Costa Blanca, backed by rolling pine covered hills, are reputed to be amongst the finest on the Mediterranean coast and in Europe.
A lot of credit for the current demand for Spanish property in Javea must go to the city councils whose planning policies have laid down strict restrictions on the stipulated heights of buildings. The consequent low rise development policies have ensured that the area has not been converted into a concrete jungle stamped with monotonous high rises.
One of the biggest advantages of buying property in Javea is that prices are much lower than on the Costa Del Sol, for example, and typically range from 175,000 euros for an apartment up to 320,000 euros for a villa. Couple this with the growth of tourism in the region and you can see the immense potential that buying property in Javea offers. Not only can one expect a substantial appreciation in property prices but also expect to get good rental income owing to the high demand from both Europeans and Spanish nationals.
The opportunities presented by an investment in Spanish property are validated by reputed analysts and data available from the government. According to an independent property expert Mark Stucklin, who writes on Spanish property for The Sunday Times, the latest government figures point out that the best performing regions in terms of property investment lie in the Mediterranean coastal areas. Of these popular areas, the inflation rates in Alicante in Costa Blanca are lower than the national average during the latest review period. The government figures also show that property appreciation rates in the coastal areas range between 8.6 to 18.6 percent, by all means a healthy figure. Even discounting an element of likely exaggeration in these statistics, the numbers still present an extremely attractive picture of opportunity in investing in property in Javea. Don’t forget that old adage: when it comes to buying property, it is all about, location, location & location and undoubtedly, the location that is really hot right now is Javea.
Of course, the UK has always been the main driving force for property sales in Javea and along the Costa Blanca. The extremely cheap airfares from various airports in the UK to Alicante and Murcia have contributed immensely to the attractiveness of Javea as a property investment haven.
At the same time, statistics show that apart from the Brits, other europeans too are flocking in increasing numbers to buy property on the Costa Blanca. According to real estate agents, these buyers are impressed by the sun and a perfect living climate and they seem prepared to pay a premium for it.
Javea enjoys a special niche in the property investment market as the area has established itself as a source of stable rental income all the year round. Investors can, in respect to two-bed, two bathroom properties for example, expect a rental income of about 700 Euros per week during the summer and 500 per week during the autumn and winter season. Moreover, the government is also providing an impetus to the property boom by building highly exclusive golf, lifestyle resorts and low rise luxury villa complexes with bars, restaurants and a host of other facilities.