Guide to Buying an Apartment in Javea

WHY BUY AN APARTMENT IN THE TOWN OF JAVEA IN SPAIN?

When buying an apartment in Javea you know you will never be far away from facilities such as restaurants, bars and shops because virtually all the apartment blocks in Javea are grouped close together in the three distinct areas that make up the town of Javea. Outside of these three built-up areas you have all the villas in Javea - see our special page with a guide all about buying a villa in Javea.

You may choose to buy an apartment in Javea old town. The old town is the real town centre where most people buying an apartment are Spanish. Needless to say it has everything you would need within walking distance. If you buy an apartment in the old town of Javea you are buying into a traditional Spanish lifestyle.

BUYING AN APARTMENT NEAR JAVEA'S BEACH

If however the beach way of life is more important to you then consider buying an apartment in Javea's Arenal area - this is where Javea's beach is. It is very touristy with plenty of international restaurants, international supermarkets etc. It is a loud and lively area.

A great compromise between Javea's Arenal beach and Javea old town is the port area of Javea which is in between the two. This has a pebbly beach and is a very lively area. It has the Spanish feel that Javea old town has but also has a good international mix of bars and restaurants. Your apartment will be right by the sea and you can watch the fishing boats bringing in their catch each evening.

HOW MUCH DO APARTMENTS IN JAVEA COST TO BUY?

To buy an apartment in Javea you will realistically need €175,000 as a starting price to buy an apartment.

1-bed apartments for sale in Javea start at €175,000.

Most apartments for sale in Javea are 2 bed apartments. To buy a 2 bed apartment in Javea you will need to look at €225,000 as a starting price. If you find an apartment for sale in Javea for less than that it will most likely require modernisation.

3-bed apartments for sale in Javea start at approximately €250,000.

You will not find many four bedroom apartments for sale in Javea.

BUYING JAVEA APARTMENTS OFF PLAN

If you are looking to buy an apartment in Javea and especially if you are looking to make money from buying an apartment in Javea then the best way is to buy an apartment off-plan. This involves buying a Javea apartment before it has even been started to be built.

You will need to have money in place to be able to put down on-going payments while the apartments are being built. Firstly a deposit - usually 5-10%. Then when the roof goes on you will need to have paid about 50%.

You will be able to buy the apartment at a good price because the building is not finished and usually by the time it has been built Javea property prices have usually gone up so that instantly you have made a profit - before you even move in.

In fact many property investors in Javea sell their apartment at this point and never even move in or they rent their apartment - they then buy another apartment in Javea off plan and repeat the same process all over again.

Just be aware that if you are buying an apartment in Javea for investment purposes that you are not completely reliant on property prices in Javea going up because you are committed to your purchase or else risk losing your deposit so have a plan to rent your apartment out should the property market be in a lull once it is completed.

Expect to be making a 5% gross return on your Javea apartment by renting it out - whether to holidaymakers or to people looking for a long-term let in Javea.

Other related pages:

Reasons to buy property in Javea.

Where to buy property in Javea.

This page was produced with information supplied from VillaMia a leading Javea estate agent.

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