Villajoyosa is known as a town with fishing and yacht ports, which is located on the Costa Blanca, in the province of Alicante. The town is quiet and very charming. And although there are not many monuments, it offers plenty of interesting attractions. Villajoyosa is famous for its colourful, brightly painted houses, the old town or Arsenal and chocolate. The city is inhabited by less than 34 thousand inhabitants, which makes it a city of medium size, ideal for spending holidays or to live permanently.
Best things to do in Villajoyosa
The colourful houses on the cliff were a landmark for fishermen returning from fishing. The old town has several interesting gates. One of them is the Roman gate Torre de San Jose. The watchtowers and the system of warning against pirates is also a great attraction e.g. Torre de Aquila, the oldest La Torretta, Torre del Marco, De Baix or De Xauxelles. In addition, the town has preserved its charming old bridges and a Gothic church.
However, Villajoyosa is famous for its chocolate, which was imported from Ecuador and Venezuela as early as the 18th century. The local chocolate factories produce a local speciality known in Spain - the chocolate from Churros. It is also worth mentioning that there are two chocolate museums in the city.
Characteristics of the property market in Villajoyosa
How much do properties in Villajoyosa cost?
In Villajoyosa you can buy cheaper properties in the suburbs. In the city centre and around the beaches, you will find very attractive offers of houses and apartments at a higher price. Additionally, Villajoyosa offers a wide range of apartments and houses with swimming pools. Definitely the highest prices will apply to properties from the primary market purchased from developers. However, it is worth remembering that these properties have a higher standard and are located in attractive surroundings.
Average price for properties in Villajoyosa:
Average price by square metre for Villajoyosa - 2,025 €
Average price for properties in Villajoyosa - 226,761 €
Who buys properties in Villajoyosa?
Villajoyosa has less than 35 thousand inhabitants. It is worth noting, however, that according to the national census of 2007, as many as 18.2% of the population were foreigners. The growing number of investments made by foreign merchants allows us to assume that nowadays, foreigners constitute a much larger population of the city. At the same time, Villajoyosa has retained its pristine Spanish character. Villajoyosa is therefore an ideal place to spend your vacation or life. Would you like to escape from the parties and noisy Benidorm? Looking for peace, quiet and Spanish siesta? Here you may relax on beautifully preserved beaches in Villajoyosa, 14 km from Benidorm.
International buyers:
33 % United Kingdom
14 % Romania
6 % Germany
5 % Bulgaria
5 % Netherlands
5 % Italy
4 % France
4 % Belgium
Best areas for an investment
Torrevieja is a beautifully situated city along the coast. In the city centre, there are mainly apartment blocks and commercial premises. The farther away from the coastline, the more housing estates there are. Torrevieja offers a huge number of properties for sale, including many bungalows and apartments on the sea or overlooking the sea. Therefore, the most attractive are the properties located in the vicinity of La Mata Beach, Playa del Cura, Punta Prima Beach or Play De Los Locos.
166,731 € Villajoyosa
Centro Urbano
224,142 € Villajoyosa
Platja Vila Joiosa - Platja de Torres
251,883 € Villajoyosa
Plans-Gasparot
401,875 € Villajoyosa
El Secanet-Hacienda del Sol
428,117 € Villajoyosa
Poble Nou-Montibili
Total numer of housing property transactions in Villajoyosa
1st quarter 2018 172
2nd quarter 2018 214
3rd quarter 2018 172
4th quarter 2018 198
1st quarter 2019 217
2nd quarter 2019 201
Prospects for the property market in Villajoyosa
The town centre is made up of characteristic colourful fishermen's houses. They are the ones that make the town so charming. However, the town has invested heavily in the property market in recent years. The classic Spanish city and its beautiful location attracted numerous developers who invested in the construction of modern and luxurious apartments. That is why you can now choose either a classic Spanish apartment in a charming penthouse or a modern apartment with a high standard. All in all, everyone will find a property for themselves here.
It is predicted that properties located on the Spanish coast and in tourist centres will enjoy the greatest interest. The high rate of return on investment of up to 10.5% (data from the Spanish Central Bank) should be a big incentive for foreign investors.
Townhouses for sale
A townhouse is a residential building, which consists of one or a few levels. It is located in a compact building. In Spain, this type of property is maintained in a characteristic style, typical for the Mediterranean countries. Townhouses are especially popular in large cities - such buildings can be found mainly on their outskirts. Individual flats usually form a part of a larger complex, the so-called urbanisation. As part of an urbanisation, residents often have access to a shared patio, a spacious terrace or a swimming pool. The popular in Spain townhouses may have 1,2,3,4 and more bedrooms. Therefore, the properties available are of various sizes. Depending on your needs, you can choose a townhouse with an area of 70 m2, 80 m2, 100 m2 and even over 200 m2.
Townhouse Amenities
Among the townhouse property offers in the Costa Blanca, there are fully furnished apartments and apartments without equipment. Here are the amenities that this type of property may be equipped with.
A private balcony
A fitted kitchen
A garage
A swimming pool
Air conditioning
Panoramic view
Furnished, cosy townhouse in Spain
How much do townhouses in Spain cost?
Purchasing a flat in a townhouse in Spain is a great choice for people with a limited budget – e.g. property offers on the secondary market at a price not exceeding 100,000 euro! Of course, the cost of a townhouse may vary depending on its location and area. A townhouse in a luxurious, popular urbanisation may be much more expensive than the average price on the Spanish property market.
Average value of property transactions of the free housing market in Spain
1st quarter 2018 145 297 €
2nd quarter 2018 149 582,4 €
3rd quarter 2018 152 095,1 €
4th quarter 2018 153 179,7 €
1st quarter 2019 152 023,4 €
2nd quarter 2019 154 487,8 €
Who buys townhouses in Spain?
The affordable price of townhouses means that both, the Spanish and foreigners are willing to invest in them. Spanish properties have become very popular, especially among the British, Germans, Belgians and Romanians. Townhouses are perfect not only as a permanent place to live, but also an investment. If you decide to buy a flat in a townhouse, in a popular resort and you wish to use it for tourist rental, you can count on a relatively high return on investment in the following years.
Average value of property transactions of foreigners on the open-market housing in 2nd quarter 2019 in Spain
New housing – 257 460,2 €
Second hand housing – 157 209,7 €
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