Spain

Javea

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Real estate insights for Javea

AspectSummary
Gross YieldTypically between 5% to 7% for rental properties in Javea.
Rental DemandStrong, particularly in summer months due to tourism.
Average Rent PriceApproximately €850 to €1,200 per month for a 2-bedroom apartment.
Vacancy RatesGenerally low, around 5% due to high demand.
Tenant Turnover RateModerate, with average leases lasting 12 months.
Operating ExpensesAverage 20-30% of rent, including maintenance and property taxes.
Regulation and Rent ControlModerate regulation, no significant rent control measures.
Furnishing/Unfurnishing RateAbout 60% of rentals are furnished.
Short-Term vs. Long-Term Rental MixPredominantly long-term, with increasing popularity of short-term rentals.
Local Economic IndicatorsStrong tourism sector boosts local economy.
Rental Price TrendsPrices steadily increasing, especially in tourist-heavy areas.
Lease TermsCommonly 12 months, but flexible options available.
Deposit RequirementsUsually 1-2 months rent as a security deposit.
Utilities and Other CostsAverage €150 per month for utilities, varies by consumption.
Safety and SecurityGenerally safe, low crime rates, desirable neighborhood.

Javea FAQ

  • What is the average rental price for a one-bedroom apartment in Javea?

    The average rental price for a one-bedroom apartment in Jávea typically ranges from €600 to €800 per month, depending on the location and proximity to the beach. For instance, apartments situated closer to the Arenal beach tend to be on the higher end of this spectrum, often reaching €850, while those further inland might fall closer to €550. Additionally, amenities such as a pool or sea view can further increase rental costs. Seasonal fluctuations are also notable, with prices peaking during the summer months when demand is higher due to tourism. Other neighborhoods, like Portichol, may offer more affordable options, with rentals averaging around €500, but the availability can be limited.

  • How much does it cost to rent a villa in Javea?

    Renting a villa in Javea can vary significantly depending on the season and location within the area. During peak summer months, prices for a three-bedroom villa near the beach can range from €1,500 to €3,000 per week, while more luxurious properties with sea views may exceed €5,000 weekly. In the off-peak season, such as autumn or spring, costs can drop to between €800 and €1,500 per week for similar accommodations. Additionally, villas that include private pools or unique features like outdoor kitchens may command higher rental rates. For instance, a modern villa in the popular Montgo area could be listed at around €2,000 per week in July, whereas a traditional Spanish villa further from the coast might rent for €1,200 during the same period. Cleaning fees and deposits are typically additional costs to consider when budgeting for a rental.

  • Are rental prices higher during the summer season in Javea?

    Rental prices in Javea significantly increase during the summer season, primarily due to the influx of tourists seeking to enjoy the region's beautiful beaches and favorable climate. For instance, a two-bedroom apartment that typically rents for about €600 per month in the off-peak seasons can see prices soar to around €1,200 or more during July and August. Additionally, villas with private pools, which may be available for €1,500 per month outside the tourist season, can command upwards of €3,000 during peak summer weeks. This surge in demand is often coupled with shorter rental terms, as many owners prefer to capitalize on the busy holiday season by opting for weekly rentals at higher rates. Furthermore, areas closer to the beach, such as Arenal Beach, generally experience even sharper price increases compared to more inland locations.

  • What are the typical utility costs for rental properties in Javea?

    In Javea, typical utility costs for rental properties can vary widely depending on the size of the property and usage. On average, monthly electricity bills can range from €50 to €150, influenced by factors like air conditioning use, which is common in the hot summer months. Water bills generally fall between €30 and €70 per month, while internet and phone services may add another €30 to €60 to the total. Garbage collection fees, which are often included in municipal taxes, can be around €20 annually, and property owners may also pay around €100 annually for local taxes, depending on the property's assessed value. These costs can fluctuate based on individual consumption habits and the specific property.

  • Is there a price difference between sea view and inland properties in Javea?

    In Javea, there is a notable price difference between sea view properties and inland properties, largely due to the demand and allure of ocean vistas. Properties with direct views of the Mediterranean often command a premium; for instance, a three-bedroom villa overlooking the sea may be priced around €800,000, while a similar property located a few kilometers inland might be listed for around €500,000. This disparity can be attributed to the desirability of waterfront living, accessibility to beaches, and the overall aesthetic appeal. Additionally, areas such as the Arenal beach zone typically feature higher property prices compared to the more rural, inland neighborhoods like Montgo, where scenic views of mountains replace ocean horizons. Buyers often pay significantly more for panoramic locations, which can influence their property investment decisions.

  • What factors influence rental prices in Javea?

    Rental prices in Javea are influenced by several key factors, with location being paramount. Properties closer to the coast, particularly those with sea views or direct access to the beach, command higher rents due to their desirability. The seasonality of tourism also plays a significant role; during the peak summer months, rental prices increase sharply as demand surges. Additionally, the condition and amenities of a property impact pricing—modern, well-furnished apartments with pools or private gardens attract higher rates than older, less maintained units. Local market trends, including supply and demand dynamics, further shape pricing; a surplus of available rentals can drive prices down, while a limited inventory often leads to increases. Economic factors, such as the overall economic health of Spain and currency fluctuations for international renters, also affect what people are willing to pay.

  • Are there additional fees when renting a property in Javea?

    When renting a property in Javea, it's essential to be aware of potential additional fees beyond the monthly rent. Common fees include a security deposit, which typically amounts to one or two months' rent and is held to cover any damages or unpaid bills. There may also be agency fees if you go through a rental agency, often around 10-15% of the annual rent. Utilities such as water, electricity, and internet may not be included in the rent, potentially adding another €100 to €200 monthly, depending on usage. If the rental property is fully furnished, there's a possibility of a cleaning fee when you check out, which can range from €50 to €150. Additionally, some properties may require a community fee for shared facilities, which could vary significantly based on the amenities offered.