Wednesday, August 6, 2008

Investing In Javea Villas

By Stewart M. Russell


If you are thinking of buying a genuine Spanish villa, the best place in lovely Spain is Javea. While Spain promotes prime property in many locations, knowing the exact location for the best property deals will let you save both money and time. The Costa Blanca region is known to have some of the best Spanish beaches and the constant sunshine is also a contributing factor for Javea's boom as a prime property location.

Javea is especially renowned as a beach vacation destination and because of its extended golf courses, pristine beaches and relaxed pace of life, more retirees are also opting to buy their homes in the area.

UK investments in Javea are quite heavy and the majority of expatriates are British citizens. Although Javea is considered as a prime property location, the boom has only begun and the prices are still at an all-time low range.

The Javea city council regulates building height quite strictly and because of the stipulated conditions in their policy, high rises in Javea are severely limited in height. This restriction has worked in favour of Javea as a prime property location, because buyers can have a bit of both worlds - old world charm and new world modernisation. Thankfully, Javea is not a concrete jungle and contributes a lot to a convenient and relaxed lifestyle.

Costa Blanca and Costa Del Sol are the forerunners in Spanish property sales. When compared, Costa Blanca offers prime property for a lesser price. A villa in Javea can cost you around 320,000, while the same type of property anywhere in Costa Del Sol can be as much as 400,000.

Buying a Javea villa can also give you an extra income if you rent out the property while you are away. The tourism industry in Javea has grown in leaps and bounds and because of this, the property demand is high during every season and as a result, the property appreciates as well.

While the majority are UK investors, this doesn't mean there's no one else there, quite the contrary. Various European nationalities are increasingly demanding Javea property, because of the climate, lifestyle and close proximity to every main European city via air travel.

As mentioned before, renting out your villa is a great way to make your purchase into an investment. The earning potential is excellent because of the tourists who prefer to rent a villa than stay at a hotel. This opportunity is something most Javea property buyers make use of, keeping the villas as their holiday home and renting it out during other times.

About the Author:

No comments: