Portugal

Benedita

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Real estate insights for Benedita

AspectSummary
PopulationApproximately 12,000 residents.
Average Property PriceAround €1,500 per square meter.
Rental YieldEstimated at 5-7%.
Average RentAbout €600 per month for a 2-bedroom.
Occupancy RateAround 85%.
Capital Growth RateHistorically 3-5% annually.
Property TaxApproximately 0.5-0.8% of property value.
Transaction CostsEstimated at 6-8% of purchase price.
Expected ROI6-9% return on investment.
Economic Growth ImpactStable, with modest growth prospects.

Benedita FAQ

  • What factors influence real estate prices in Benedita?

    Real estate prices in Benedita are influenced by several key factors. The proximity to larger urban centers, like Alcobaça and Leiria, often results in higher demand, which can push prices up; for instance, properties within a 10-kilometer radius of these towns can see prices ranging from €1,200 to €1,750 per square meter, compared to €800 to €1,200 in more rural areas of Benedita. Additionally, the condition and age of properties play a significant role; newly constructed homes can fetch prices as high as €250,000 for a three-bedroom villa, whereas older homes requiring renovations may be listed at €100,000 to €150,000. Local amenities, such as schools, shops, and public transport options, can also enhance property values; homes located near primary schools and supermarkets are often priced at a premium, sometimes up to 15% higher than similar homes farther away. Seasonal tourism also impacts the market; during the summer months, short-term rental properties can see a boost in value, with potential rental income reaching €1,000 to €1,500 per week, influencing how investors view property purchases.

  • How has the real estate market in Benedita changed in recent years?

    In recent years, the real estate market in Benedita has experienced significant changes, particularly in pricing and demand. For instance, data from 2020 to 2023 indicates that property prices have increased by approximately 25%, with average residential properties selling at around €1,200 per square meter, compared to €960 just three years prior. The influx of buyers from Lisbon seeking more affordable options has contributed to this rise, with many purchasing homes for vacation rentals or as permanent residences. Additionally, a report from the local municipality highlighted a surge in new developments; in 2022 alone, over 150 new housing units were authorized, reflecting a growing interest in the region's potential as a residential hub. On the rental side, average monthly rents for apartments have also seen a steep rise, averaging €700 in 2023, up from €550 in 2020.

  • What is the average price per square meter for homes in Benedita?

    The average price per square meter for homes in Benedita, Portugal, is approximately €1,200 as of late 2023. This figure can vary depending on the specific location within Benedita, property type, and condition. For instance, a newer home in a central area might command prices closer to €1,400 per square meter, while older properties or those located on the outskirts could be priced around €900 to €1,000 per square meter. A three-bedroom house in a typical neighborhood might span around 120 square meters, leading to a total price of about €144,000 based on the average pricing. Meanwhile, smaller apartments can range from €100,000 to €120,000, depending on their size and amenities, reflecting the local real estate trends.

  • Are property prices in Benedita expected to rise or fall?

    Property prices in Benedita, a town in the Leiria district of Portugal, have shown a mixed trend in recent years. As of late 2023, the average price per square meter for residential properties stands around €1,200, reflecting a 5% increase compared to the previous year. This rise can be attributed to several factors, including the town's proximity to larger urban areas like Alcobaça and Caldas da Rainha, which are generating interest among potential buyers seeking more affordable housing options. Additionally, the local rental market has been robust, with average monthly rents hovering around €650 for a two-bedroom apartment. However, some analysts project potential stabilization in prices due to new housing developments set to launch in 2024, which could increase supply and exert downward pressure on the market. Specific neighborhoods, like the historic center, are witnessing higher prices, often exceeding €1,400 per square meter, while outskirts areas are seeing rates closer to €900 per square meter.

  • How do real estate prices in Benedita compare to nearby towns?

    Real estate prices in Benedita are generally more affordable compared to nearby towns such as Alcobaça and Caldas da Rainha. As of late 2023, the average price per square meter in Benedita is around €1,200, whereas Alcobaça sees prices closer to €1,500 per square meter. In Caldas da Rainha, prices can reach up to €1,700 per square meter, particularly for properties near the town center. For example, a three-bedroom house in Benedita typically sells for about €180,000 to €220,000, while a similar property in Alcobaça is priced between €250,000 and €300,000. Similarly, in Caldas da Rainha, the same type of house may cost upwards of €300,000. The lower prices in Benedita may be attributed to its more rural setting and less commercial development compared to its neighbors.

  • What are the most common types of properties in Benedita and their price ranges?

    Benedita, a small town in Portugal, features a variety of properties primarily consisting of single-family homes, rural houses, and apartments. Single-family homes typically range from €150,000 to €300,000, with larger properties boasting traditional architecture often on the higher end of that spectrum. Rural houses, which are popular for those seeking tranquility and space, can be found for prices between €100,000 and €250,000, depending on factors such as land size and renovations needed. Apartments, generally located within the town center, usually fall within the €80,000 to €180,000 range, with modern units at the upper end. Properties often vary in size, with a standard three-bedroom single-family home around 120 to 180 square meters, while two-bedroom apartments average around 70 to 100 square meters. The market sees a mix of older builds needing renovation alongside new constructions, catering to diverse buyer preferences and budgets.

  • How do local amenities affect real estate prices in Benedita?

    Local amenities in Benedita significantly influence real estate prices, with properties located near key services commanding higher values. For instance, homes within a 500-meter radius of essential amenities such as supermarkets, schools, and healthcare facilities can see a price increase of 10% to 15% compared to similar properties farther away. The proximity to a well-rated primary school, like Escola Básica de Benedita, can further drive up prices by an additional 5% due to the high demand among families. Public transport options, such as access to bus routes leading to larger cities like Alcobaça, also contribute to a premium, potentially adding another 8% to property values. Additionally, recreational facilities, including parks and sports complexes, can enhance desirability, leading to a rise in prices for homes nearby, often by 3% to 7%. These dynamics show a clear relationship between local amenities and real estate valuations in Benedita.

Other property types in Benedita