InmoVillasJávea with almost 30 years of experience

Guide to buying
properties in Costa Blanca

1. Research and Property Selection

• Location: Jávea has different areas, from the old town to the port area and the beaches. Each area has its own charm and characteristics, so it is crucial to choose a location that suits your needs and lifestyle.
• Property types: You will find from flats and penthouses to luxury villas with sea views. Define what type of property suits your goals and budget.
• Budget and Financing: Establish a clear budget. If you need financing, consider contacting local banks for a mortgage.

2. Purchasing Process

• Legal Advice: Hire a lawyer specialising in real estate transactions in Spain. They will help you navigate the legal process, including reviewing contracts and verifying the property.
• Offer and Contract: Once you find the right property, a formal offer is made. If accepted, an earnest money contract (pre-contract) will be drawn up which usually requires a deposit of 10% of the purchase price.
• Legal Review: Your lawyer will check that the property is free of encumbrances, mortgages or any legal problems, and that it is correctly registered in the Land Registry.
• Signing of the title deeds: The purchase is formalised before a notary by signing the title deeds. At this point the rest of the price of the property is paid and ownership is transferred.

3. Associated Costs

• Taxes: The buyer must pay the Transfer Tax (ITP), which ranges between 8% and 10% of the value of the property. If it is a new construction, instead of the ITP, VAT (10%) and the Tax on Documented Legal Acts (AJD) are paid.
• Notary and Registry fees: Notary and registry fees are usually around 1-2% of the property price.
• Lawyer’s fees: These are usually between 1% and 1.5% of the purchase price.
• Other Costs: These include the valuation of the property, the NIE (Foreigners’ Identification Number) if you are a foreigner, and home insurance.

4. Sales Process

• Property valuation: Hire an estate agent to obtain a fair valuation of your property.
• Property preparation: Make sure the property is in top condition to attract potential buyers. This could include minor repairs, deep cleaning and aesthetic improvements.
• Promotion: Use a local estate agent with experience in the Jávea market to promote your property effectively.
• Negotiation and Sale: Once you receive an offer, your lawyer will take care of the negotiation and preparation of the earnest money contract. After acceptance of the offer, you will proceed in a similar way to the purchase process, including the signing of the deeds before a notary.

6. Professional Advice

• Real Estate Agent: Working with an experienced local agent is key. They know the market, have access to a network of buyers and sellers, and can help you get the best deal.
• Tax Advisor: If you are a foreigner, a tax advisor can guide you on your tax obligations in Spain.

7. Market Trends and Prospects

• International Demand: Jávea is very popular with foreign buyers, especially from countries such as the UK, Germany, France and the Netherlands.
• Prices: The market has shown stability with an upward trend in prices due to high demand.
• Vacation Rentals: If you buy a property as an investment, consider renting it out as a holiday home, a popular option in Jávea.

8. Life in Jávea

• Climate and Quality of Life: Jávea is famous for its Mediterranean climate and high quality of life. It is an ideal place to live all year round as well as to enjoy holidays.
• Services and Communities: The city offers a wide range of services, from international schools to sports facilities and a vibrant cultural life.