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Barx

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Real estate insights for Barx

AspectSummary
Gross YieldApprox. 5-7% average yield for rental properties.
Rental DemandHigh demand due to tourism and local workforce.
Average Rent PriceAverage monthly rent is around €800-€1,200.
Vacancy RatesLow vacancy rates, typically under 5%.
Tenant Turnover RateModerate turnover, with many leaseholders staying over a year.
Operating ExpensesOperating expenses average about 30% of gross rental income.
Regulation and Rent ControlRegulations exist but not stringent rent control in place.
Furnishing/Unfurnishing RateAround 60% of rentals are furnished.
Short-Term vs. Long-Term Rental MixBalanced mix; 40% short-term, 60% long-term rentals.
Local Economic IndicatorsStable economy, strong tourism sector boosts rental market.
Rental Price TrendsRental prices have increased steadily by 4-6% annually.
Lease TermsCommon lease terms range from 6 months to 1 year.
Deposit RequirementsTypically 1-2 months' rent as a security deposit.
Utilities and Other CostsUtilities usually add an extra €150-€200 monthly.
Safety and SecurityGenerally safe with low crime rates; good neighborhood security.

Barx FAQ

  • What is the average rental price for a house in Barx?

    The average rental price for a house in Barx typically ranges from €600 to €1,200 per month, depending on the property's size, location, and amenities. Smaller two-bedroom homes can be found at the lower end of the spectrum, often around €600 to €800, while larger, more modern houses with three or four bedrooms may command prices closer to €1,000 or more. Properties with added features like pools, gardens, or proximity to scenic views of the surrounding mountains tend to have higher rental costs. For instance, a three-bedroom villa with a private pool might be listed for around €1,200 per month, whereas a more basic two-bedroom apartment in the village center might be around €650. Overall, the rental market in Barx reflects a diverse selection of homes catering to various budgets and preferences.

  • How much do apartments typically rent for in Barx?

    Apartments in Barx typically rent for prices ranging from €400 to €700 per month, depending on the size and location within the village. A one-bedroom apartment in the center can cost around €450, while larger two or three-bedroom units may reach €600 or more. For example, a modern two-bedroom apartment with a terrace and mountain views might be listed at about €650. Older or smaller units may be available for lower prices, sometimes around €400 to €500, especially if they are in less desirable locations. Additionally, properties close to local amenities, such as shops and restaurants, tend to command higher rents, reflecting the demand for convenience in this picturesque area.

  • Are rental prices in Barx higher during peak seasons?

    Rental prices in Barx typically experience a noticeable increase during the peak tourist seasons, which primarily occur in the summer months from June to September. This period attracts many visitors seeking to enjoy the Mediterranean climate, local beaches, and the scenic landscapes of the surrounding countryside. For instance, a two-bedroom apartment that may average around €70 per night during the off-season can see its rates rise to €100 or more during peak months, especially in July and August. Similarly, larger villas, which might rent for €150 per night in the low season, could command €250 or higher during the height of summer. Factors such as local festivals and events also contribute to these price hikes, as the demand surges and property owners capitalize on the influx of tourists looking for accommodations.

  • What factors influence rental prices in Barx?

    Rental prices in Barx are influenced by several key factors, including location, property type, and seasonal demand. Properties situated closer to attractions like the Sierra de la Ràpita or the picturesque Marjal de Barx Nature Reserve tend to see higher rental rates due to their appeal to tourists and nature enthusiasts. The condition and size of the property also play a significant role; modern, well-maintained homes with amenities such as pools or gardens are generally priced higher than older or less equipped options. Seasonal fluctuations impact prices as well, with summer months witnessing a spike due to increased tourist traffic. Local amenities, such as schools, shops, and public transport availability, further affect desirability, with homes near popular amenities commanding higher rents.

  • Is it cheaper to rent a furnished or unfurnished property in Barx?

    In Barx, the cost difference between renting a furnished and an unfurnished property can vary based on multiple factors. Typically, furnished properties might have slightly higher monthly rents, as landlords include the value of furniture and appliances in the price. For example, a furnished one-bedroom apartment in Barx can range from €500 to €700 per month, depending on location and amenities. In contrast, an unfurnished equivalent may cost between €400 to €600, making it a more economical choice for those who already own furniture or prefer to personalize their living space. However, the trade-off often involves additional expenses for furnishing an unfurnished property, which can add up over time. It's also worth noting that furnished rentals may attract a different clientele, leading to varied occupancy rates.

  • How do rental prices in Barx compare to nearby areas?

    Rental prices in Barx tend to be lower than in nearby areas like Gandía and Xàtiva, which are popular tourist destinations and have a higher demand for short-term rentals. In Barx, the average monthly rent for a two-bedroom apartment hovers around €500, whereas similar accommodations in Gandía can reach €800 or more, especially during the summer months. Xàtiva, known for its historic sites, also sees rental prices exceeding €700 for comparable properties. Factors such as the proximity to the beach, local amenities, and overall tourist traffic contribute to this price disparity. Additionally, while Barx offers a quieter, rural atmosphere, it attracts those looking for a more affordable living option, particularly for families or retirees.

  • What is the typical price range for short-term rentals in Barx?

    The typical price range for short-term rentals in Barx varies depending on the time of year, type of accommodation, and location within the village. Generally, you can expect to pay between €50 to €150 per night for a one-bedroom apartment or small house. For instance, a modest studio might go for around €60 per night during the off-peak season, whereas a larger two-bedroom property can range from €100 to €130, especially in summer months when tourists are more frequent. Luxury villas with scenic views and amenities can command higher prices, sometimes reaching €200 or more per night. Additionally, factors such as proximity to the beach or local attractions may further influence pricing, with homes closer to popular spots often priced at a premium.

Other property types in Barx