Where is Javea old town?
Jávea is located in comarca of the Marina Alta, in Alicante province, Valencia, Spain.
Javea old town is known locally as the “Casc Antic" or the “Casco Antiguo", as said in Valencian or Spanish and it’s the traditional urban center.
Javea is a popular market town and coastal resort, sheltered between two rocky headlands and the Montgo mountain and because of this, is said to have its own micro-climate. It was even said to have one of the most healthiest climate’s to live in by the WHO (World Health Organisation).
What type of property is for sale in Javea old town?
Property in this area of Javea is mainly traditional style town houses, built on two or three levels with roof terraces or internal courtyards. Very few in the town center have gardens but homes on the outer edges do.
These town houses line pretty, narrow, mostly pedestrian streets. Quite a few streets do have car access, street or private parking.
Other property in Javea old town would include apartments and commercial premises. However, Javea doesn’t have high rise apartment blocks due to local building regulations. This, in essence has maintained the charm of the town as a whole.
How much can I buy property in Javea old town for?
You can buy an old town house that needs a full renovation from about 110,000 euros, or one that is habitable but may need a bit of work for around 140,000 – 220,000 euros.
Otherwise, there are quite palatial homes for sale in Javea old town from 500,000 euros that are spacious, contemporary abodes with traditional touches.
Apartments sell anywhere from 90,000 euros upwards and they tend to be quite spacious but outside space may not always be available. If it is, it will be in the form of balconies, roof terraces or internal patios.
Who buys property in Javea old town?
It has always and will always will be popular with the locals, but more and more foreigners are being drawn to the old town.
This may be due to its more traditional style properties and better value for money, in comparison to property for sale either in Javea Port or the Arenal Beach areas.
Does property in Javea old town rent well?
Yes, most property in Javea old town will rent out well; either long term or holiday rentals.
Old town property tends to attract a more niche market clientele of people wanting something more Spanish and traditional.
Holiday rental prices may not be as high as beachfront rental prices, but if a property in Javea old town has most mod-cons and is marketed correctly, rentals should continue out of high season.
Long term tenants are quite easy to find, at a fair price.
What are the running costs of owning a property in Javea Old Town?
Yay! You’ve found a property 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 property 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 property
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.
Don’t forget to organise and calculate home insurance. Make sure it’s for home and contents; for any eventuality.
Spanish home insurance will be in the region of 180-400 euros a year, depending on the size and value of the property and its contents.
Call +34 966 461 643 now to compare your house insurance quote
Community charges (Gastos de comunidad)
Is paid for maintaining shared, communal spaces, pools, gardens, gyms, tennis courts etc.
A budget, voted each year during a residents meeting which you have the right to be a part of as a property owner, is divided between all home owners. Calculate anywhere between 60-150 euros a month.
Property administrator (Gestor)
If all the above is too much, whether you’re here full time or not, you can employ somebody to do all the necessary paperwork for you. Charged at around 100-150 euros a year.
A property manager will be your eyes and ears whilst you’re not here, and if you are here; they’ll keep your home clean, well maintained and in fully functioning order.
What is there to do in Javea old town?
Besides exploring the narrow streets of Javea’s historic old town, eating tapas or tasting the local wine, you can visit the archeological and ethnographic museum at Plaça dels Germans Segarra, 1.
Or visit the San Bartolomé church and Mercado de abastos, indoor market, both found at Plaza Celestino Pons.
Every Thursday morning is the weekly town market, which sets up at La Plaza de la Constitución and has market stalls running up to the top and lower sections of Calle Príncipe de Asturias. Fruit and vegetable stalls line the main square, then there is a selection of fashion, home wear and household goods on the inner section.