Jávea is a historic town located in the coastal province of Alicante, Spain. The municipality boasts a rich history reflected in its landmarks, such as the Church of St. Bartholomew and old port. Situated between the San Antonio and la Nao Capes, Jávea enjoys a privileged geographical location boasting impressive seascapes and mountainous landscapes.
Luxury Real Estate Market in Jávea
The luxury property market in Jávea is currently considered strong and stable, favored by a growing demand and a supply of high-quality housing. Jávea, enjoying a stable political and economic situation, has become a prime destination for international investors and buyers.
Cost of Purchasing a Property in Jávea
When buying a luxury property in Jávea, a buyer can expect to pay about a 5% real estate commission. In addition, there are various additional costs, such as the Property Transfer Tax (ITP), which in the Valencia Region is 10%. Notary fees and building inspection costs should also be taken into account. As for the wealth tax, its rate varies according to the property value and the owner's overall tax situation.
Relevant Tax Aspects of Property in Jávea
When selling a primary property in Jávea, the profits would be taxable, but with some exemptions if reinvested in another main residence. However, when selling a secondary property, the profits would be subject to a Tax on Increased Urban Land Value (known as Plusvalía Municipal). Companies registered in Jávea are subject to a corporate tax of 25%, and residents must pay an income tax, which can vary between 19% and 47% depending on their income level.
Mortgage Conditions and Luxury Residential Area in Jávea
In Jávea, like in many parts of Spain, mortgages can cover up to 80% of the property value for residents and around 60-70% for non-residents. The most exclusive areas for luxury homes in Jávea are Montgó and La Granadella, with spectacular sea or mountain views.
Amenities and Lifestyle in Jávea
Jávea is easily accessible by road and is 100 km from Valencia city and 90 km from Alicante. It has two nearby international airports, Alicante-Elche and Valencia, situated 100 km and 120 km away respectively.
For families moving to Jávea, there is a selection of schools, including top-level international schools. In the town and its surroundings, there is a generous offer of leisure and cultural activities, from water sports and hiking to theatres and museums. The nightlife in Jávea is vibrant, with a selection of exclusive restaurants and luxury boutiques. Local events are celebrated throughout the year, with traditional festivals, and sports events like the annual Mirador Challenge regatta.
Jávea offers the perfect combination of a peaceful lifestyle, high-quality infrastructure, and leisure facilities, making it an ideal choice for those looking for luxury properties in Spain.