Portugal

Ramada E Canecas

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Real estate insights for Ramada E Canecas

AspectSummary
PopulationApproximately 1,500 residents.
Average Property Price€150,000 to €200,000.
Rental YieldAround 5% to 7%.
Average Rent€600 to €800 per month.
Occupancy RateAbout 85%.
Capital Growth RateEstimated at 3% annually.
Property TaxApproximately 0.3% to 0.6% of property value.
Transaction CostsAround 6% to 10% of purchase price.
Expected ROIProjected at 8% to 10%.
Economic Growth ImpactModerate positive impact due to local tourism.

Ramada E Canecas FAQ

  • What factors influence real estate prices in Ramada E Canecas?

    Real estate prices in Ramada e Canecas are influenced by several key factors. First, the area's proximity to Lisbon, approximately 15 kilometers away, significantly impacts property values, as it attracts buyers seeking more affordable housing options while still having access to the capital's amenities. Local infrastructure developments, such as the expansion of transport links like the A1 motorway and the addition of the Metropolitano de Lisboa's planned extensions, can also drive price increases, with properties often appreciating by 5% to 10% following such improvements. Additionally, the demographic shift, with many younger families moving to the area looking for spacious homes, increases demand and often results in a rise in average prices, which in 2023 hovered around €1,800 per square meter for apartments. Socioeconomic factors play a role as well; neighborhoods with more schools and parks often see prices up to 15% higher compared to less desirable locations. Finally, market trends, such as fluctuations in the economy and interest rates, particularly during periods of low mortgage rates, are crucial as they can lead to spikes in buying activity, further influencing prices in this growing suburb.

  • How do property sizes affect prices in Ramada E Canecas?

    Property sizes in Ramada E Canecas significantly impact real estate prices, with variance that can be quite pronounced. For instance, smaller apartments, such as a 50-square-meter one-bedroom unit, may be priced around €120,000 to €150,000, while larger homes, like a 150-square-meter three-bedroom property, can range from €300,000 to €400,000 depending on condition and amenities. Furthermore, listings show that properties over 200 square meters can command prices upward of €500,000, particularly if they include gardens or are situated in desirable locations within the area. Additionally, the general trend is that properties with larger square footage tend to appeal to families, thus driving prices higher in suburban parts of Ramada E Canecas compared to smaller units that cater to singles or couples. The price per square meter also reflects these dynamics, with smaller properties averaging €2,400 per square meter, while larger houses may drop to around €2,000 per square meter, illustrating how size influences market valuation in this region.

  • Are property prices in Ramada E Canecas increasing or decreasing?

    Property prices in Ramada e Canecas have shown a notable upward trend over the past few years. As of early 2023, the average price per square meter stood at approximately €1,800, reflecting a 5% increase compared to the previous year. In certain neighborhoods, prices have surged even higher; for instance, homes near the Lisbon Metro line have seen price tags climb to around €2,200 per square meter. Specific examples include a three-bedroom apartment that was listed for €250,000 in 2022, which has since appreciated to €265,000, demonstrating a clear market trend. However, some reports indicate that the growth rate may be slowing, with a slight reduction in the number of buyers in the area. Additionally, the demand for rental properties remains robust, with rents for a typical two-bedroom apartment averaging €1,000 per month, illustrating ongoing interest in the local housing market despite fluctuations.

  • What are the average real estate prices in Ramada E Canecas?

    Average real estate prices in Ramada e Canecas, a suburb in the greater Lisbon area, typically range from €2,000 to €3,500 per square meter, depending on the property type and its proximity to amenities and public transportation. For example, a two-bedroom apartment can be priced around €200,000 to €300,000, while larger three-bedroom homes may escalate to between €350,000 and €500,000. Detached villas or more upscale homes with gardens can reach upwards of €600,000, particularly in sought-after neighborhoods. Overall, trends indicate a gradual increase in property values, reflecting a rise in demand within this developing suburban area.

  • How does the location within Ramada E Canecas affect real estate prices?

    The location of Ramada e Canecas in Portugal significantly influences real estate prices due to its proximity to Lisbon, essential amenities, and transport links. Properties in this area typically range from €1,800 to €3,000 per square meter, compared to nearby neighborhoods like Amadora, where prices average around €1,400 per square meter. The accessibility to the A5 and A2 motorways, along with the recent upgrades to public transport including the Cascais train line, enhances its appeal for commuters. Additionally, the presence of local schools and healthcare facilities tends to increase demand, pushing prices up. For instance, a three-bedroom apartment in a prime location of Ramada e Canecas can sell for around €250,000, while a similar property a few kilometers away might be listed at €200,000. Moreover, recent urban developments and planned infrastructure projects in the vicinity have led to a projected increase in property values by approximately 10% over the next five years.

  • What types of properties are most common in Ramada E Canecas, and how do their prices compare?

    Ramada E Canecas, located in the Lisbon District, predominantly features residential properties, including apartments and single-family homes. The average price for a two-bedroom apartment in this area typically ranges from €150,000 to €250,000, depending on factors like location and condition. For example, a modern, newly renovated apartment can fetch prices upwards of €220,000, while older units in need of refurbishment may be found for around €160,000. Single-family homes are less common but can be priced between €300,000 and €500,000, with some larger properties exceeding €600,000. In terms of rental prices, a two-bedroom apartment can cost between €800 and €1,200 per month, reflecting the area's growing desirability due to its proximity to Lisbon. Overall, the property market in Ramada E Canecas exhibits a mix of affordability and moderate pricing, particularly appealing to families and commuters.

  • How can I find historical price trends for real estate in Ramada E Canecas?

    To find historical price trends for real estate in Ramada e Canecas, you can start by accessing local real estate databases and reports from the Portuguese National Institute of Statistics (INE), which provides data on property prices across various regions, including Lisbon Metropolitan Area where Ramada e Canecas is located. Websites like Idealista and Imovirtual often feature detailed reports that track price changes over specific periods; for instance, you might find that the average price per square meter in the area rose from approximately €1,500 in 2018 to about €2,200 in 2023, reflecting a significant upward trend. Additionally, tapping into real estate agencies' archived listings could reveal past sale prices, allowing for a comparative analysis—such as seeing how a three-bedroom house that sold for €250,000 in 2020 compares to similar properties now priced at €300,000. Networking with local real estate experts or exploring municipal records may provide insights into yearly price fluctuations and neighborhood development factors that could have influenced these trends.