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Andratx

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Property for rent in Andratx

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Real estate insights for Andratx

AspectSummary
Gross YieldApproximately 6-8% annually.
Rental DemandHigh due to tourism and expatriates.
Average Rent Price€1,200 - €1,800 per month for apartments.
Vacancy RatesGenerally low, around 5-7%.
Tenant Turnover RateModerate, about 30% yearly.
Operating ExpensesAround 20-30% of rental income.
Regulation and Rent ControlLimited rent control; regulations favor landlords.
Furnishing/Unfurnishing RateMajority of rentals are furnished (70%).
Short-Term vs. Long-Term Rental MixAbout 40% short-term, 60% long-term.
Local Economic IndicatorsSteady growth; tourism bolsters economy.
Rental Price TrendsIncreasing, especially in peak seasons.
Lease TermsTypically 12 months for long-term rentals.
Deposit RequirementsUsually 1-2 months' rent as deposit.
Utilities and Other CostsGenerally €150-€250 per month.
Safety and SecurityRelatively safe; low crime rate.

Andratx FAQ

  • What are the average rental prices for apartments in Andratx?

    Average rental prices for apartments in Andratx vary based on location, size, and amenities. In the town center, a one-bedroom apartment typically rents for around €800 to €1,200 per month, while larger two-bedroom units can range from €1,200 to €1,800. Properties with sea views or those located in more exclusive areas, such as the nearby Puerto de Andratx, often command higher prices—two-bedroom apartments can reach up to €2,500 or more per month. Seasonal fluctuations are also evident, with higher prices in the summer months due to increased tourism. Overall, while Andratx offers a range of rental options, the demand for coastal properties tends to drive prices upward.

  • How do rental prices in Andratx compare to other areas in Mallorca?

    Rental prices in Andratx generally fall within the mid to high range compared to other areas in Mallorca. For instance, a two-bedroom apartment in Andratx can average around €1,200 to €1,800 per month, whereas similar properties in more tourist-heavy locations like Palma or Magaluf might fetch between €1,500 and €2,500, depending on proximity to the beach and amenities. Areas like Pollença or Alcudia often have lower rental rates, sometimes offering two-bedroom rentals for as low as €800 to €1,200 but these can vary significantly based on the season and local events. Furthermore, Andratx's appeal as a quieter, more residential area attracts families and professionals, which influences its rental market, contrasting with the rental volatility seen in bustling tourist spots.

  • Are rental prices in Andratx higher during the summer season?

    Rental prices in Andratx do tend to increase during the summer season, as the area becomes a popular destination for both tourists and expatriates seeking a Mediterranean getaway. For instance, a two-bedroom apartment that might rent for around €1,000 per month in the off-season can easily rise to €1,500 or more during peak summer months. Beachfront properties or those with stunning views of the Tramuntana mountains often see even steeper price spikes. Moreover, many landlords prefer to rent out their properties on a short-term basis during the summer, catering to vacationers willing to pay a premium for a week or two, further pushing up the market rates. This seasonal demand is evident in local listings, where properties can be booked up months in advance, reflecting the desirability of the location during warmer months.

  • What factors influence rental prices in Andratx?

    Rental prices in Andratx are influenced by several key factors. The location, particularly proximity to the coast, significantly impacts prices; properties near the waterfront tend to command higher rents compared to those further inland. Seasonal demand also plays a crucial role, as many tourists flock to this area during the summer months, driving up prices for short-term rentals. The type and condition of the property are critical; newly renovated villas with modern amenities usually have higher rental rates than older or less well-maintained homes. Additionally, the overall market conditions in the Balearic Islands can affect rental prices; for instance, if the local real estate market is booming, rents may increase as demand outstrips supply. Lastly, local regulations and taxes can also influence prices, particularly for landlords renting out properties as vacation rentals, as certain areas may impose restrictions or fees that can be passed on to renters.

  • Is there a price difference between furnished and unfurnished rentals in Andratx?

    In Andratx, the price difference between furnished and unfurnished rentals can be quite significant. Generally, furnished units tend to command higher rents due to the added convenience and immediate livability they offer. For instance, a furnished two-bedroom apartment in Andratx might range from €1,200 to €1,500 per month, while an unfurnished equivalent could be priced between €900 and €1,200. The variations also depend on the condition, location, and amenities of the property. In some cases, landlords may charge a premium for upscale furnishings or modern appliances, which can further increase rental costs. Additionally, the demand for furnished properties often attracts a different tenant demographic, such as short-term renters or expatriates, influencing market pricing in the area.

  • What is the cost range for villas available for rent in Andratx?

    In Andratx, the cost range for villas available for rent varies significantly based on location, size, and amenities. Generally, you can find villas starting around €3,000 per month for modest properties, which may offer two to three bedrooms and basic facilities. Mid-range villas, typically featuring more luxurious finishes and additional amenities like private pools or sea views, usually fall between €5,000 and €10,000 per month. Higher-end properties, particularly those with expansive layouts, top-tier furnishings, and proximity to the coastline, can command prices upwards of €15,000 monthly. For instance, a contemporary five-bedroom villa with panoramic views and a large outdoor space may be listed for around €12,000 per month, while a more upscale estate could exceed €20,000, especially if it includes exclusive features such as a tennis court or full concierge services.

  • Are there any additional costs associated with renting a property in Andratx?

    When renting a property in Andratx, there are several additional costs to consider beyond the monthly rent. Tenants typically need to pay a security deposit, which usually amounts to one or two months' rent, refundable at the end of the lease provided there are no damages. Additionally, there may be community fees if the property is part of a residential complex, which cover maintenance of shared areas like pools and gardens. Utility costs, including water, electricity, and gas, might not be included in the rent, so tenants should factor those into their monthly budgeting. Furthermore, some landlords require renters to have property insurance, which adds another expense. Lastly, there may be fees associated with drafting the rental contract, which can vary depending on the agency or landlord.