Re: Is now the time? Javea Spain.
 

Javea is perhaps the most upmarket area along the Costa Blanca and you should expect correspondingly higher rental returns compared to inland areas. Also they are relatively careful about planning there, so properties tend to hold their value a bit more. Of course it depends on personal circumstances and taste, but I can understand why Javea is a bit more expensive in general: simple supply and demand. Having said that, the market there is still overpriced, as shown by the number of properties that have been on the market for years.

Re: Is now the time? Javea Spain.
 

Also there seems to be an assumption that everyone is desperate to sell...they aren't.

Re: Is now the time? Javea Spain.
 

Seems, in view of the replies. We may not be as wealthy as some of the respondents?.

A Villa in Spain is something we have wanted for a very long time. Currently, we have a Luxury motorhome. As lovely a past time as it is, it costs a small fortune in running costs and trips away. That and Our Family cannot use it as only myself and my Wife are licensed to drive it.

If we had a villa, our immediate Daughters and their families could also use it, if available.

Thank you all for the replies.

TAM

Re: Is now the time? Javea Spain.
 

We have a villa near Denia and do just that ... over the past 10 years we have enjoyed many lovely holidays with family and friends and we have also lent it to them so that they can enjoy holidays independently of us. We hope to spend a lot more time in Spain when we retire!:) Yes, we could have stayed in a hotel each time or rented someone else's villa so that we would not have to do small maintenance jobs whilst we visit, but we've never regretted our decision to purchase.

Re: Is now the time? Javea Spain.
 

I've just re-read your original post and if you plan to buy and rent out, you should bear this in mind, just in case it turns out to have an element of truth (which can't always be said for the Daily Mail) http://www.dailymail.co.uk/news/arti...-tourists.html

Re: Is now the time? Javea Spain.
 

At last, a more positive response.

Thank you.

Re: Is now the time? Javea Spain.
 

Aided and Abetted by the Hotel Industry who have falling sales. All-Inclusive deals that they did, failed to work as expected.

Who wants to share a hotel canteen or pool with the Clampetts. If they are not poking your food, grabbing every ice cream from the fridge or dive bombing you in the pool, they are just bloody annoying. I deal with idiots on a daily basis at work. I want privacy on holiday. As do many others who choose the Villa option.

Having rented everything from a run shack in Western coast of France to a Ten Million Euro Mansion in St. Tropez. We have only ever encountered one very bad property, the shack. Which I eventually got 100% of the rental returned.

Having said that, I quite welcome the Idea of some form of inspection. Electrical Safety tests, gas tests and pool monitoring would be the first on my list for the license. Just so long as they do not take things too far.

TAM

Re: Is now the time? Javea Spain.
 

That's perfectly understandable, friends of ours did exactly the same and have been enjoying their property for over 25 years. However they (and I suspect you) could afford the purchase outright and certainly haven't relied on letting out the property, if fact they have never rented it out. They have retired there now and have three properties, one was bought purely for rental, the other two have only ever been for themselves. I've always said, Spain is a great place to move to if you have sufficient money not to have to worry about bills, exchange rates etc, but for those that buy expecting future bookings to fund the project, that's risky.

Re: Is now the time? Javea Spain.
 

We have a mortgage on ours ... we bought with the intention of moving out to Spain when we retire and selling our UK house to buy two flats here to provide rental income in our old age (assuming we ever get that far). The amount of pleasure the villa has given us and others more than makes up for the tax relief we could have obtained if we put the Spanish mortgage payments into our pension fund. But it is purely a personal decision (whether or not it was wise remains to be seen) ...

Re: Is now the time? Javea Spain.
 

Is it a rental villa? Big difference between needing or not needing to rent out your villa, and when you bought, 10 years ago, things were very different.

Re: Is now the time? Javea Spain.
 

Yup it's the rental bit that can make all the difference. My parents have a property in the south of France that they used to rent out. They got a bit fed up of renting it out, especially since they didn't make much money, took it off the rental market and put it up for sale. It didn't sell but they kept using it and suddenly found they enjoyed the place so much more now they didn't have to make sure it was fully equipped, etc. They don't want to sell it now and just enjoy the place. This seems to be quite common, which is why I suspect the best option is not to rent property out but rather keep saving so you have enough to buy outright, or with a low mortgage so you don't need to rent out. Also being retired helps - the ratio of time spent enjoying the place to time spent dealing with all the crap is a lot higher.

Re: Is now the time? Javea Spain.
 

We have a villa we use ourselves for 4 months of the year and rent it out via an agent for the summer for 4 months or so, for us it works very well, the return on summer rentals is excellent, we have properties we rent out in the south east of the UK and the return on the 4 months rental on the Spanish property is only 10% or so less than the 12 months return on the UK property's for the same capital outlay, sure you have running costs, tax etc but you have that in the UK. It works so well, it's too hot in the summer for us so the rental in a great use of the house and being holiday makers you know they will leave when they are supposed to and you have the money up front

Re: Is now the time? Javea Spain.
 

Back again and you are saying ; Javea is perhaps the most upmarket area along the Costa Blanca?;

thus two people with differing views of the same series of events. I lived there albeit for some ten months. I absolutely disagree. It is an enclave.

But you redress the situation in ;Having said that the market there is still overpriced.;

In today's market and here for balance I would not buy again either in France or Spain and I have 35 years experience of France. The market needs to settle.

In La Guardia Park where we lived there was a villa opposite which was and is still owned by Sabadell in Javea. When the knife was threatened the owner literally ransacked the villa. It is now a shell. Sabadell want 400,000 for it and they will not move on price. I know I tried.

Hence now back in France at our long established home and waiting for what Hollande is doing next.

Re: Is now the time? Javea Spain.
 

'I deal with idiots on a daily basis in work every day' I wonder please what their views may be on yours truly? Two sides to every story?

Re: Is now the time? Javea Spain.
 

Vive La France