Although property investors have the
option to choose between villas and apartments, knowing the difference between
the two will take you on a profitable route. The locations like Calpe, Javea,
Denia, and many more in the province of Alicante are in huge demand in recent
A large number of Spanish properties
are available that give you easy access to spacious rooms, a private terrace
and garden, and other basic amenities. However, whether to buy an apartment or
villa is something you should think about to yield superior results.
Let us guide you through crucial
deciding factors to help you choose wisely between villas and apartments.
Difference Between Apartments and Villas
Apartments are built with high-rise
structures, carrying living spaces in various units and configurations. On the
other hand, villas are low-rise structures considered independent luxury
residences. Villas attract more active investors, high-profile people, and
someone who has a wealthy lifestyle.
There is a significant difference in
the pricing of villas and apartments. Both involve regular maintenance, upkeep,
and additional charges. For instance, if you buy an apartment within a holiday
complex, the association will take care of maintenance.
Luxurious villas are typically
purchased by those who can pay for maintenance and cleaning staff. The pricing
may vary depending on the location, type of property, facilities, general
maintenance needs, and other aspects.
If you have a nuclear family, living
in a small apartment is a practical option for you. Owing to its affordability
and practicality, many investors have been buying apartments as a dream home or
for rental purposes to earn maximum ROI.
The scenario with villas is quite
different. Keeping its costly upkeep in mind, the rental yield is low for
villas besides the basic value. In case you’d wish to opt for real estate
investment for high rental income, it is crucial to determine the type of
locals in your area.
What to Buy –
Villas in the Outskirts or Apartments in the City
Location is key just like the price.
The crucial factor behind choosing between villas or apartments is the
proximity of the places that benefit your daily life such as restaurants,
offices, hospitals, schools, etc.
Villas are usually located in the city
outskirts whereas apartments provide various choices in terms of location, both
within the city limits as well as outside. If you’re a single person who has
moved for work, you need to pay close attention to apartments for sale whereas
if you're a traveller or sole occupant whose days will be often spent outside
the home should opt for villas.
Both villas and apartments have their
fair share of pros and cons. Don’t forget to take other factors into account
such as security, facilities, community, etc. While villas provide space and
liberty to live a luxurious life, apartments offer numerous benefits in terms
of security, ease of rent out, and access to communal facilities. Ultimately, making
the selection between the two comes down to your personal preference.
Whatever the property type you decide,
there is always some research to do and that’s where our professional team can
help you. We will help you discover a clear picture of Spain real estate market
scenario and make your investment journey hassle-free.