Buy Villa Javea - Buying a Villa in Javea

GUIDE TO BUYING A VILLA IN JAVEA, SPAIN

When buying a villa in Javea you need to consider exactly what your requirements are. Do consider before you buy a villa in Javea the differences between Spain and other countries. Many people when buying a villa in Javea believe they need a big lounge and kitchen because this is what they are used to.

When you live in Javea you will find yourself spending much more time outside as outdoor living is so important. So you may not need such a large villa inside but do make sure it has good sized outside terraces and gardens. A good way to get to know Javea before you leap in and purchase a villa is to rent a villa on a long let basis first. Many people come to Javea wanting to buy a villa but end up buying an apartment in Javea because the villas in Javea are all out of the central areas with the shops, bars and restaurants and so a car is essential.

We have already discussed the best areas in which to buy a villa in Javea and we have looked at the reasons in which buying a property in Javea is a good financial decision, we now look at what exactly you can get for your money when looking to buy a villa in Javea.

The starting price to buy a villa in Javea is €350,000. This will buy a 2 or 3 bed villa but it will require modernisation - or in other words a fair bit of money spent on it to bring it up-to-date as many Javea villas were built 30 years ago and had little spent on them since, especially if they were bought by older people and used primarily as second homes.

Really if you are looking to buy a new 3 bed villa in Javea with pool you must look at spending a minimum of €400,000.

New 4-bed villas for sale in Javea with a swimming pool start at €500,000.

The current interest rate is 3.25% which is very low. To buy a villa in Javea you will need to put down about 30% of the purchase price and the bank will require proof of income (P60).

Many people look to buy property in Javea purely as an investment. If you are considering buying a villa in Javea as an investment we can tell you that buying a 3 bed villa will appeal to the biggest market and yield approximately 5% gross - or 7.5% if you can really maximise your rental weeks.

If you can afford the cash flow then buy a villa in Javea off plan. This involves buying a plot of land in Javea and having your own villa designed and built to your specification. By the time your villa is finished in around eighteen month's time - you should have made 15% on the purchase price.

Of course this isn't guaranteed, it's just what has been happening to people who have already bought a villa in Javea off-plan.

Thanks to David Mear of VillaMia for his invaluable information and help in producing this page. VillaMia are a leading Javea estate agent.

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