Plots of land for building a new home or villa in Javea are like gold dust.
Javea town hall changes the classification of land and updates its building rules and regulations, and that means decent plots of land for building a new home or luxury villa on, have and are becoming more scarce.
So much so, that construction companies are known to purchase an old property on a well positioned plot of land, knock the existing building down and start afresh.
What is land classification?
Each area of Javea has a land classification, determined by the town hall, and depending on the classification a plot of land has, will determine what can and cannot be done or built on the land.
Different classifications include: rural (rústico), urban (úrbano), mountainous (montañoso), commercial (comercial).
What type of plot do I need to build?
If you’re thinking about constructing a new build villa in Javea, you will need to buy a plot of land which has been classed as urban.
Or a rustic plot that has minimum of 10,000 m².
How to know what can be built on a plot of land in Javea:
By obtaining an Urbanistic Report (Informe urbanistico) from Javea town hall for the plot of land.
This official document will outline what can and cannot be built on a plot. Each individual plot has its unique urbanistic report and therefore specifications.
How big can I build a new home?
In Javea, this depends on what the urbanistic report says, but to give you something to work with, you can build approximately 20% of the plot size in most areas of Javea.
So, if an urban plot is 1000 m², a 200 m² home can be built on it.
If a plot is rustic, you will need a minimum of 10,000 m² in order to build on it. If the plot is smaller than 10,000 m², you can only refurbish any ruins that may stand on the land, remaining within the original footprint.
What are the running costs?
Yay! You’ve found a plot to buy.
You know how much it will cost to buy but do you know how much it will cost to keep?
It’s a good idea to make calculations of how much regular and periodic bills for your new plot will be, taking into account obvious bills like electric and water.
IRNR Non-resident income tax (Impuesto sobre la Renta de No Residentes)
A yearly tax applied to owners of Spanish property, even if they a non tax residents (not official residents of Spain).
Assuming no income is made from the property or is made on Spanish territory. Tax is calculated on the value of your villa at 24,75% of a given percentage of the cadastral value, between 1-2% depending on when the value was established.
For example: If the cadastral value of your villa is 200,000 euros, the IRNR would be 24,75% of 1% = 495 euros.
The exact value depends on your villa’s cadastral value which is shown on a rates (IBI) bill from Javea town hall or Suma in Benitachell and other areas.
IRPF Personal Income Tax (Impuesto sobre la Renta de Personas Físicas)
If you are a Spanish tax resident, in this case you have to pay the IRPF and file a tax return like a Spanish citizen, based on your annual income.
IBI tax for immovable real estate assets (Impuesto Sobre Bienes Inmuebles)
Resident or non-resident of Spain, everybody has to pay this property tax once a year, and in Javea it’s paid to the town hall.
It’s a yearly rates or council tax, calculated on the cadastral value which is usually below market value, and means you’ll pay in the region of 600-2500 euros per year for a villa and anywhere from 250-1000 euros for an apartment or townhouse belonging to a community.
Additional expenses for owning a plot
Rubbish collection (Recogida de residuos sólidos)
Each property owner, whether you own a villa or an apartment, has to pay a contribution towards rubbish collection.
This is 125 euros per year in Javea.
There are payment schemes which can give you a small discount.
Residents association fee (Quota de asociación de propietarios)
This fee could be a one off payment or yearly and is not applicable on all urbanisations.
Plots of land only & some plots including projects for sale
In and around Javea, Benitachell and Jesus Pobre