Spain

Aspe

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Real estate insights for Aspe

AspectSummary
Gross YieldApprox. 6-8%, depending on property type.
Rental DemandHigh, fueled by tourism and expat relocations.
Average Rent PriceAround €800-€1,200 per month for apartments.
Vacancy RatesLow, typically around 3-5%.
Tenant Turnover RateModerate, roughly 20-25% annually.
Operating ExpensesEstimated at 20-30% of rental income.
Regulation and Rent ControlMinimal rent control, laws favor landlords.
Furnishing/Unfurnishing RateMajority of rentals are unfurnished.
Short-Term vs. Long-Term Rental MixBalanced, with a growing preference for long-term.
Local Economic IndicatorsPositive growth, tourism contributes significantly.
Rental Price TrendsIncreasing steadily, 3-5% per year.
Lease TermsTypically 12 months, flexible for longer stays.
Deposit RequirementsUsually 1-2 months' rent.
Utilities and Other CostsTypically €100-€200 extra per month.
Safety and SecurityRelatively safe, low crime rates reported.

Aspe FAQ

  • What is the average rental price for an apartment in Aspe?

    The average rental price for an apartment in Aspe, Spain, typically ranges between €400 and €600 per month, depending on factors such as size, location, and amenities. A one-bedroom apartment in the town center might cost around €450, while a similar unit in a more suburban area could be closer to €400. Larger two-bedroom apartments generally fetch between €500 and €650, especially those with modern updates or located near public transport. Some listings feature additional costs for utilities, which can vary widely, influencing the total monthly expenses. The rental market in Aspe remains relatively affordable compared to larger cities within the Valencian Community, making it an attractive option for locals and newcomers alike.

  • How much does a two-bedroom house cost to rent in Aspe?

    In Aspe, the cost to rent a two-bedroom house typically ranges from €600 to €850 per month, depending on the location and amenities offered. Houses closer to the town center or with modern renovations might lean towards the upper end of this range, while those further out or in need of updates could be found on the lower end. For example, a newer two-bedroom property in a quiet neighborhood might rent for around €750, whereas a more dated home on the outskirts could be as low as €600. Additionally, rental prices can fluctuate based on seasonal demand, local market trends, and proximity to schools and services.

  • Are rental prices in Aspe increasing or decreasing?

    Rental prices in Aspe have shown a noticeable upward trend in recent months. According to local real estate reports, the average rent for a two-bedroom apartment has risen to around €600 per month, marking a 10% increase compared to the previous year. Several factors contribute to this rise, including the increasing demand for housing from both locals and newcomers attracted by the town's proximity to Alicante and its more affordable lifestyle. Additionally, properties with outdoor spaces or modern amenities have seen even more significant price hikes, with some listings exceeding €700 for similar-sized apartments. Market analysts indicate that the influx of individuals seeking remote work opportunities post-pandemic is driving this demand. On the other hand, some areas within Aspe have experienced slower growth rates, particularly in older buildings that may require renovations, with rentals in those parts remaining relatively stable around €500.

  • What factors influence rental prices in Aspe?

    Several factors influence rental prices in Aspe, a town in the province of Alicante, Spain. One significant factor is location; properties near the town center tend to command higher rents due to their accessibility to amenities such as shops, restaurants, and public transport. For instance, a one-bedroom apartment in the center may cost more than one of equal size in a quieter, suburban area. Additionally, the size and condition of the property play crucial roles; newer, well-maintained homes with modern features like updated kitchens and air conditioning are generally more expensive. Market trends also impact rental prices; during peak tourist seasons, short-term rentals attract higher rates, influencing overall rental market behavior. Furthermore, the local economy, including employment rates and average income levels, can affect what residents are willing or able to pay for rent, making areas with strong job opportunities more competitive in terms of pricing. Finally, governmental policies, such as regulations on rent control or property taxes, can also sway prices, leading to variances in rental costs across different neighborhoods in Aspe.

  • Is renting in Aspe cheaper than in nearby towns?

    Renting in Aspe is generally more affordable compared to nearby towns such as Elche and Alicante. The average rent for a two-bedroom apartment in Aspe typically ranges from €500 to €650 per month, whereas in Elche, similar apartments can cost around €600 to €800, and even higher in Alicante, where prices can soar to €900 or more. The lower rental prices in Aspe can be attributed to its smaller size and more suburban character, which attracts families and individuals looking for a quieter lifestyle. Additionally, while Elche and Alicante offer more urban amenities, Aspe's rental market appears to cater to those seeking value without sacrificing access to essential services. For instance, while a newly renovated three-bedroom home in Elche might list for €1,200, a comparable property in Aspe might only reach €900, illustrating the tangible price differences that exist between these locations.

  • What utilities are typically included in rental prices in Aspe?

    In Aspe, rental prices typically include several essential utilities, which can vary based on the specific agreement between tenants and landlords. Most commonly, the cost of water is included in the rent, providing residents with access to essential daily needs without an additional charge. Electricity is another utility that may be covered, though in some cases, landlords may specify a capped amount, and tenants are responsible for any excess usage. Additionally, gas for heating or cooking may be included in the rental price, depending on the type of heating system installed in the property. Internet and television services are less frequently bundled in the rent, often requiring separate contracts. Each rental agreement can differ, so it's advisable for potential renters to clarify which utilities are covered directly with landlords before committing to a lease.

  • How does the location within Aspe affect rental prices?

    The location within Aspe significantly influences rental prices, as areas closer to the town center typically command higher rates due to their proximity to amenities and services like shops, cafes, and public transport. For instance, properties near the Plaza de España tend to have increased rental demand, driving prices upward because of the vibrant social scene and accessibility. In contrast, neighborhoods further from the center, such as those bordering the countryside, usually offer more competitive prices, appealing to families or individuals seeking larger living spaces. Additionally, specific streets like Calle San Francisco may see a variance in rent due to their proximity to schools or parks, which can attract tenants looking for family-friendly environments. Conversely, areas like the outskirts may have lower prices, reflecting a trade-off in terms of access to urban conveniences.