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We bought a house there this year and love it but we have been visiting the area for a few years. 😀
Don’t live there full time as yet but will do in a few years.
If you need advice regarding local lawyers, banks, notary, estate agents etc just send me a pm.
I think renting is a good idea for you to get a good feel for the area, if you don’t like it you can look elsewhere. Transfer taxes and fees are a killer when you buy so DYOR.
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We go there regularly and I’ve been keeping an eye on the property market, and speaking to people who live there to get tips. If you plan to spend winter there then you should be aware that it can rain a lot and many houses suffer from damp – especially those facing north. Also many areas that appear fantastic in summer, such as El Tosalet, become deserted in winter. Balcon Al Mar can get windy as well. Most permanant residents seem to live in the port area. My conclusion is to rent for at least a year, to get an idea of what each area is like in winter time, and to get a feel for the market. Properties I thought looked quite cheap a few years ago are still on the market at the same asking price. The real prices must be way below those prices, but many sellers didn’t drop asking prices because they can always rent in summer. Now the rental market is a bit flooded, and you can bag bargains out of season. If you have property in the UK then it may work out better renting that out and using the income to rent somewhere in Javea. Bear in mind it costs at least 15% of purchase price to buy and sell in Spain. Selling a property can take years. It’s a decision you have to get right first time.
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Recent article regarding the high end.
An article in Diarioinformación describes how the seriously rich are building houses in Xàbia. People are purchasing 2-4 adjacent plots in prime positions with stunning sea views and building luxury villas priced at over a million Euros. The profile of the buyers has changed and these days Russians have entered the top of the market. Examples given are a 850m2 villa in Cuesta de San Antonio sold for a cool €4.2 million, and a 1000m villa on a 5,000 m plot with three swimming pools in Capsades proced at €5.5 million.
http://www.diarioinformacion.com/marina-alta/2013/10/15/auge-chale-millon-euros/1425867.html
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