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Alfaz Del Pi

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Real estate insights for Alfaz Del Pi

AspectSummary
Gross YieldEstimated around 6-8%, depending on property type.
Rental DemandModerate to high demand, boosted by tourism.
Average Rent PriceApproximately €800-€1,200 per month for a 2-bedroom.
Vacancy RatesAround 5-7%, influenced by seasonal trends.
Tenant Turnover RateAverage of 20-25% annually.
Operating ExpensesTypically 25-30% of rental income.
Regulation and Rent ControlNo strict rent control; regular regulations apply.
Furnishing/Unfurnishing Rate60% furnished, 40% unfurnished properties.
Short-Term vs. Long-Term Rental MixApprox. 30% short-term, 70% long-term rentals.
Local Economic IndicatorsSteady growth, focus on tourism and expatriates.
Rental Price TrendsPrices have been increasing steadily, 3-5% annually.
Lease TermsCommonly 1-year leases, flexible for longer terms.
Deposit RequirementsUsually 1-2 months' rent as a security deposit.
Utilities and Other CostsAverage €150-€200 per month for utilities.
Safety and SecurityGenerally safe, low crime rates reported.

Alfaz Del Pi FAQ

  • What is the average rental price for a one-bedroom apartment in Alfaz Del Pi?

    The average rental price for a one-bedroom apartment in Alfaz Del Pi generally ranges from €500 to €700 per month. In more sought-after areas close to the beach or with sea views, prices can reach up to €800. Apartments often feature amenities like a shared pool or gardens, which can also influence rental costs. For example, a one-bedroom apartment in a modern complex may list for around €650, while a more basic rental could be found at €500, depending on its condition and location. Additionally, the proximity to local services such as shops and public transport can affect rental prices, with those nearer to urban centers often commanding higher rates.

  • How does the rental price in Alfaz Del Pi compare to nearby towns?

    Rental prices in Alfaz del Pi generally reflect a moderate spectrum compared to nearby towns such as Benidorm and La Nucía. In Alfaz del Pi, a one-bedroom apartment typically rents for around €600 per month, while in Benidorm, similar accommodations may go for €800, largely due to its coastal appeal and tourist influx. La Nucía offers slightly lower prices, with one-bedroom apartments averaging €550 monthly, making it a more economical option for those seeking proximity to the attractions of Alfaz del Pi and Benidorm without the premium cost. For larger properties, such as three-bedroom villas, Alfaz del Pi can see rentals priced around €1,200, which can be somewhat higher than the €1,000 typical in La Nucía, but tends to remain lower than the €1,500 often charged in Benidorm. The variations in rental prices are influenced by factors such as proximity to the beach, local amenities, and the overall demand in each town.

  • Are rental prices higher during the summer season in Alfaz Del Pi?

    Yes, rental prices in Alfaz Del Pi typically experience an uptick during the summer season. This coastal town attracts numerous tourists seeking beach access, vibrant nightlife, and a warm Mediterranean climate, which can drive demand for rental properties significantly. For instance, a one-bedroom apartment that might cost around €500 per month in the off-season can see prices soar to €800 or more in July and August. Additionally, vacation homes and villas are often booked well in advance, with some properties commanding premium rates of €1,500–€3,000 per week, particularly in popular areas close to the beach. This seasonal fluctuation reflects the high influx of visitors looking for short-term accommodations, contributing to the overall increase in rental prices during the summer months.

  • What factors affect rental prices in Alfaz Del Pi?

    Rental prices in Alfaz Del Pi are influenced by several key factors. Firstly, the location within the municipality plays a significant role; properties closer to the coast or with sea views generally command higher rents compared to those further inland. The type and size of the property also matter, with larger villas and modern apartments attracting a premium over smaller, older units. Seasonal demand is another factor, as rental prices tend to spike during the summer months when tourism is at its peak. Accessibility to amenities, such as schools, healthcare facilities, and public transportation, further impacts rental costs. Additionally, the local economy and employment opportunities contribute to price fluctuations; areas with a stronger job market might see higher demand for rentals. Lastly, the overall condition and age of the property, along with any additional features like swimming pools or gardens, can also lead to variations in rental prices.

  • Is it more expensive to rent near the beach in Alfaz Del Pi?

    Renting near the beach in Alfaz del Pi tends to be more expensive compared to properties located further inland. Properties with sea views or immediate beach access can attract a premium, often ranging from 10% to 30% higher than similar accommodations that are a mile or more away from the coastline. For instance, a one-bedroom apartment near the beach might cost around €800 per month, while the same sized apartment located a short walk from the beach could be around €600. Additionally, the demand for vacation rentals during the summer months can inflate prices further, with landlords often charging up to €150 per night in peak season. The proximity to not only the beach but also amenities like restaurants and shops also contributes to the higher rental costs in these desirable coastal areas.

  • What amenities typically influence rental prices in Alfaz Del Pi?

    In Alfaz Del Pi, various amenities significantly influence rental prices, reflecting the area's appeal to both locals and expatriates. Proximity to the Mediterranean coastline tends to increase costs, particularly for properties with sea views or easy access to beaches. Rentals near essential services, such as supermarkets, pharmacies, and medical facilities, usually command higher prices due to convenience. Properties located near recreational facilities, like tennis courts, golf courses, and swimming pools, also attract premium rents. Additionally, access to public transport, particularly connections to nearby towns like Altea or Benidorm, can elevate rental rates. Security features in residential complexes, such as gated entries and surveillance, may further contribute to increased costs. Overall, the presence and quality of these amenities play a key role in determining the rental market dynamics in Alfaz Del Pi.

  • How much can I expect to pay for a long-term rental in Alfaz Del Pi?

    In Alfaz Del Pi, long-term rental prices can vary significantly based on property type and location. Generally, one-bedroom apartments typically range from €400 to €700 per month, depending on proximity to the beach or amenities. Larger two-bedroom apartments may cost between €600 and €1,000, with those closer to the coast often commanding higher rents. Villas or houses in suburban areas can go for €1,000 to €2,000 or more, especially if they feature private pools or larger gardens. Some rentals may also require a deposit equivalent to one or two months' rent, and utility costs are often not included, adding an extra €100 to €200 monthly. Factors such as the time of year and lease duration can also influence rental prices.