Villajoyosa is a jewel of the province of Alicante, located on the beautiful and sunny Costa Blanca of Spain. With a rich history dating back to Roman times, the city retains its tangible historical charm in its picturesque streets and its well-preserved historic center. Surrounded by impressive mountains and bathed by the brilliant Mediterranean Sea, Villajoyosa offers a unique combination of natural beauty and a peaceful living environment.
Luxury Real Estate Market and Its Stability in Villajoyosa
The market for exclusive properties in Villajoyosa is strong and stable, driven by consistent demand for luxury homes and apartments. This in relation to the current economic and political situation which is stable, boosting confidence in real estate investment.
Purchase Costs of Luxury Real Estate in Villajoyosa
The purchase cost of a luxurious home in Villajoyosa can vary widely based on the property and location. The average real estate commission paid by a seller is 5% to 7%, while buyers normally do not pay a commission in Spain. Additional costs include transfer tax, which is 10% in the Valencian Community, where Villajoyosa is located, and notary fees that vary depending on the price of the property but are usually about 1% of the property's price. Possible building inspection or legal costs should also be taken into account.
Taxes in Villajoyosa
The wealth tax on private property ownership of a house in Villajoyosa is from 0.2% to 2.5%, where the rate progressively increases. Sellers of Villajoyosa homes who use their property as a primary residence can enjoy a tax exemption on the gains made. However, tax must be paid on the profits made from selling a privately owned house or apartment used as a second holiday home. The corporate profits tax is 25%. The income tax for registered residents of Villajoyosa varies from 19% to 47% depending on the income range.
Mortgages and Financing in Villajoyosa
To obtain a mortgage in Villajoyosa, up to 70% of the property value can be requested for foreigners and up to 80% for residents, depending on the property valuation as well as personal and financial situation.
Where to Find Luxury Properties in Villajoyosa
The most expensive and sought-after residential areas in Villajoyosa are the Historical Centre and Montíboli due to their proximity to the sea and their stunning views.
Accessibility of Villajoyosa
Villajoyosa is accessible by both road and rail. It is about 26 kilometers from Alicante, the nearest city, and 52 kilometers from Alicante Elche Airport, the nearest international airport.
Education, Sports and Recreation in Villajoyosa
Villajoyosa is near several schools, universities and training institutions. Sports enthusiasts can enjoy a variety of outdoor activities such as hiking, fishing and golf. In addition, Villajoyosa hosts luxury shops and a selection of high-quality hotels and restaurants.
Culture and Entertainment in Villajoyosa
Villajoyosa hosts a variety of historical, cultural and sporting events that take place annually, such as the Moors and Christians Festivities. Also, there are several museums and art galleries in the city, including the Chocolate Museum.
Health and Services in Villajoyosa
Villajoyosa has numerous hospitals and clinics, including Marina Baixa Hospital. In terms of public infrastructure and services, the city is well-equipped, with an efficient transport system and a wide range of services and facilities available to residents.
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