New houses and developments in la Vila Joiosa

New developments in Villajoyosa

Currently, Villajoyosa has a supply of around 5 new development projects. According to the latest data from the Ministry of Transport, Mobility, and Urban Agenda, the value of a square meter in this city increased by 15.5% in the last year, reaching 2,053 euros per square meter.

The cheapest price per square meter is located in the centre of the municipality with a price of 1,410 euros. It is followed by Cala de Villajoyosa, with a cost per square meter ranging between 1,900-2,000 euros, and the Old Town-Port Area, at 2,400 €/m². The most expensive area in the whole town is Montíboli-Playa el Paraíso, where it goes up to 2,500 €/m².

What areas have the most housing under construction?

Currently, the districts or neighbourhoods with the highest volume of new development projects are Montíboli, Cala de Villajoyosa, and Playa de Torres.

What aspects affect the price of new build houses in Villajoyosa?

In addition to supply and demand, several factors affect the price of new homes in Villajoyosa, including tourism, the economic and employment situation in the region, and foreign investment. Its location near Alicante, Benidorm, and Altea, as well as its coastal setting, make it a highly valued municipality among residents of the province and tourists. Prices in Villajoyosa are generally lower than in neighbouring towns, making it an attractive option.

Regarding the properties, themselves, factors such as location, orientation, square meters, distribution, and construction materials all affect the final price. Common areas also play a significant role in determining the value of a property, with amenities such as a garage, storage space, pool, gym, and playgrounds all impacting the final cost.

In some cases, construction companies and real estate agencies offer financial incentives or discounts based on the stage of construction. Buyers can choose to purchase a property that is already built and receive the keys shortly after, or they can purchase a property off-plan with price differences.

What is the situation of new construction projects in the real estate market in the city of Villajoyosa?

The reception of these properties is very positive, confirming the great acceptance and success of this real estate product in the city. According to data published by the Ministry of Transport, Mobility, and Urban Agenda, the purchases of new homes in this municipality have tripled over the last few years. In 2019, 54 properties were acquired, 141 in 2020, and 144 in 2021.

What's even better is that the price has not seen an exponential increase despite the rise in demand, but on the contrary, it has stabilized. This has become one of the keys to the good reception and acquisition of new construction properties. Specifically, according to the same Ministry, the average price of new homes in Villajoyosa was 230,000 euros in 2019, 195,000 euros in 2020, and 228,000 euros in 2021.

What is the importance of buying new construction apartments compared to second-hand homes in the city of Villajoyosa?

The increase in the purchase and sale of these types of homes speaks for itself regarding the preference for this product over second-hand homes. It has been consolidated year after year, thanks to the demand from both the local and foreign populations. The key to its success, in addition to its privileged locations by the Mediterranean Sea, is the guarantee and security behind a construction and real estate company. Especially for foreign buyers, as well as the reduction of costs and the fact of having a brand-new property. Energy efficiency is also worth highlighting, with the installation of solar panels and insulating materials, as well as the latest technology and video surveillance. The extras of the residential complex are very important when making a decision compared to both types of homes. In second-hand homes, they are not always found within a complex, and sometimes partial or total modifications are necessary to move in. In contrast, new residential complexes come with a garage, storage room, pool, gym, or green areas. They also allow for the possibility of expanding services over time.

Where to buy new properties in the city of Villajoyosa?

Despite the limited supply, new developments are concentrated in privileged locations of the municipality such as:

• Poble Nou, which has the most luxurious developments. It is a complex of residences with sea views, Jacuzzi, terrace, private garage, and over 180 square meters. Prices range from €440,000 to €590,000.
• Vera Mar, near Finestrat cove, offers the most affordable properties. It is an urbanization with a swimming pool, garden area, and playground, where it is possible to purchase a 50 square meter apartment for €96,000.
• In Cala de Villajoyosa, apartments predominate, ranging from 1, 2, or 3 bedrooms, with garage and storage room, starting from €99,000 for 70 square meters, €149,000 for 103 square meters, and €169,000 for 135 square meters and 3 bedrooms.
• The average price is located in Playa de Torres, with constructions of apartments and semi-detached villas in the first line. Depending on preferences, the offer starts from 100 square meter apartments for €290,000 or 200 square meter penthouses for €500,000, all with garage and terrace included. As for houses, they also have a terrace and private garage, with the lowest cost starting from €325,000 for 117 square meters and 2 bedrooms, up to €445,000 for 3 bedrooms and 220 square meters.