Portugal

Oliveira Do Bairro

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Real estate insights for Oliveira Do Bairro

AspectSummary
PopulationApproximately 8,000 residents.
Average Property Price€100,000 - €150,000.
Rental YieldAround 6% - 8%.
Average Rent€400 - €600 per month.
Occupancy RateAround 85%.
Capital Growth RateEstimated at 3% per year.
Property TaxApproximately €200 - €300 annually.
Transaction CostsAround 7% - 10% of property price.
Expected ROIEstimated between 10% - 15%.
Economic Growth ImpactModerate growth projected due to local investments.

Oliveira Do Bairro FAQ

  • What are the current average real estate prices in Oliveira Do Bairro?

    As of late 2023, the average real estate prices in Oliveira do Bairro range between €1,000 and €1,200 per square meter, depending on the property's location and condition. In the town center, newly constructed apartments can reach prices of around €1,500 per square meter, while older homes may be available for approximately €900 per square meter. For example, a three-bedroom house in a residential area might list for about €180,000, translating to roughly €1,100 per square meter, whereas larger properties with gardens can go for upwards of €250,000. Additionally, rural houses outside the town can be found for around €800 per square meter, appealing to those seeking more space at a lower cost.

  • How have real estate prices in Oliveira Do Bairro changed over the past year?

    Over the past year, real estate prices in Oliveira Do Bairro have seen a notable increase, reflecting trends across many regions in Portugal. According to recent data, the average price per square meter has risen from approximately €1,100 to around €1,300, marking an increase of nearly 18%. Single-family homes, which were typically listed around €200,000, have seen average prices surge to €235,000, with some properties exceeding €250,000 depending on their proximity to the town center and local amenities. Meanwhile, apartments in the area have experienced a similar upward trend, with prices jumping from €80,000 to €95,000 for smaller units. Factors contributing to this rise include heightened demand, improvements in local infrastructure, and Oliveira Do Bairro's appeal as a quieter resort-like living option close to urban centers.

  • What factors influence real estate prices in Oliveira Do Bairro?

    Real estate prices in Oliveira Do Bairro are influenced by several critical factors, including location, property type, and local economic conditions. For instance, residential properties near key amenities such as schools and shopping centers typically see price tags ranging from €1,200 to €1,800 per square meter, depending on their proximity to these conveniences. In contrast, more rural properties can drop to around €800 to €1,000 per square meter. The overall economic climate in Portugal plays a significant role; during periods of economic growth, increased income and employment rates can elevate demand, pushing prices upward. Moreover, the influx of foreign buyers has become apparent, with areas like Oliveira Do Bairro experiencing price growth of approximately 5% annually in recent years, influenced by international interest in real estate investments. Additionally, local infrastructure developments, such as improvements to transportation networks, can significantly enhance property values, often leading to price increases of 10-15% in well-connected neighborhoods.

  • Are there specific neighborhoods in Oliveira Do Bairro with higher property values?

    In Oliveira do Bairro, specific neighborhoods indeed show higher property values compared to others. For example, the area around the town center boasts property prices averaging around €1,200 per square meter, driven by proximity to local amenities and public transport. In contrast, neighborhoods on the outskirts, such as Luso and Bustos, see prices drop to approximately €800 per square meter, reflecting their more rural setting and distance from urban facilities. The residential streets near the park, which offer larger homes and green spaces, can reach up to €1,500 per square meter. Additionally, properties near schools, like the Escola Secundária Oliveira do Bairro, exhibit values around €1,100 per square meter, attracting families seeking educational access.

  • What is the price range for apartments in Oliveira Do Bairro?

    In Oliveira do Bairro, the price range for apartments typically falls between €60,000 and €180,000, depending on factors such as size, location, and amenities. Smaller one-bedroom apartments in the town can be found starting around €60,000 to €80,000, while larger two-bedroom units generally range from €100,000 to €130,000. For three-bedroom apartments, prices usually start at €130,000 and can go up to €180,000, especially for properties that feature modern renovations or are situated in desirable areas close to local services. Additionally, the price per square meter averages around €900 to €1,200, again influenced by the specific neighborhood and recent market trends.

  • What is the average price per square meter for homes in Oliveira Do Bairro?

    The average price per square meter for homes in Oliveira do Bairro varies, typically ranging from €900 to €1,400, depending on the location and type of property. For instance, newly constructed apartments in the town center can reach prices around €1,200 per square meter, while older homes or those located further from the center might be closer to €800 per square meter. Villas or larger family homes in desirable neighborhoods sell for around €1,300 per square meter, reflecting their spacious layouts and amenities. Additionally, properties with significant renovation potential can sometimes be acquired for as low as €700 per square meter, making them attractive options for investors.

  • How do real estate prices in Oliveira Do Bairro compare to nearby towns?

    Real estate prices in Oliveira Do Bairro generally tend to be more affordable than in adjacent towns like Aveiro and Mealhada. As of late 2023, the average price per square meter in Oliveira Do Bairro is around €1,200, while in Aveiro, it can exceed €2,000 per square meter. Mealhada, known for its wine and culinary offerings, sees prices averaging approximately €1,500 per square meter. In Oliveira Do Bairro, three-bedroom homes can be found for about €150,000 to €180,000, whereas in Aveiro, similar properties often list for upwards of €250,000. Additionally, rental prices in Oliveira Do Bairro hover around €600 for a two-bedroom apartment, compared to €800 in Mealhada and over €1,000 in Aveiro, highlighting a significant disparity in the housing market dynamics of these towns.

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