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Cabo Roig

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Real estate insights for Cabo Roig

AspectSummary
Gross YieldApproximately 5% - 7% for residential properties.
Rental DemandHigh demand, especially during tourist season.
Average Rent Price€700 - €1,200 per month for 2-bedroom apartments.
Vacancy RatesLow vacancy rates, around 5% - 10%.
Tenant Turnover RateModerate, typically 25% - 30% annually.
Operating ExpensesEstimated at 20% - 30% of rental income.
Regulation and Rent ControlLimited rent control; local regulations apply.
Furnishing/Unfurnishing Rate60% furnished, 40% unfurnished rentals.
Short-Term vs. Long-Term Rental MixBalanced mix, with growing interest in short-term rentals.
Local Economic IndicatorsStrong tourism sector, stable local economy.
Rental Price TrendsModerate increase in rental prices year-on-year.
Lease TermsStandard leases range from 6 months to 1 year.
Deposit RequirementsTypically 1-2 months' rent as security deposit.
Utilities and Other CostsUtilities average €100 - €150 monthly, varies by usage.
Safety and SecurityGenerally safe, with low crime rates reported.

Cabo Roig FAQ

  • How much can I expect to pay for a two-bedroom house in Cabo Roig?

    In Cabo Roig, the price for a two-bedroom house can vary significantly based on factors like location, condition, and proximity to the beach. Generally, you can expect to pay anywhere from €150,000 to €300,000. For example, a modern apartment close to the seafront may be priced around €210,000, while a more traditional home further inland could be available for approximately €180,000. Properties with additional amenities, such as private gardens or communal pools, might attract higher prices, sometimes reaching up to €350,000 for a well-located townhouse. It's also worth noting that prices may fluctuate based on the time of year and local market conditions.

  • What is the average monthly rent for a one-bedroom apartment in Cabo Roig?

    The average monthly rent for a one-bedroom apartment in Cabo Roig typically ranges between €500 and €800, depending on the apartment's location and amenities. For example, a modern apartment close to the beach might go for around €700, while a more basic option a bit further from the coast could be available for about €550. Additionally, some properties may offer shared facilities such as pools or gardens, which can affect pricing. In recent years, prices have seen fluctuations due to seasonal demand, with rates often increasing during the summer months when tourism peaks. Factors such as proximity to shopping centers, restaurants, and public transport can also influence rental costs.

  • How do rental prices in Cabo Roig compare to nearby areas?

    Rental prices in Cabo Roig tend to be higher compared to nearby areas like Torrevieja and La Zenia, though they can vary significantly based on proximity to the coast and property type. For instance, a two-bedroom apartment in Cabo Roig might typically range from €700 to €1,200 per month, while similar properties in Torrevieja can start around €600. In La Zenia, rental prices often fall in the middle, with two-bedroom apartments averaging between €650 and €1,100. Additionally, Cabo Roig's bustling tourist appeal contributes to its pricing, especially during peak months when rental demand spikes. Properties with ocean views in Cabo Roig generally command premium prices, further differentiating it from the more budget-friendly rentals available in surrounding towns.

  • What factors influence rental prices in Cabo Roig?

    Rental prices in Cabo Roig are influenced by several factors, including location, seasonality, and property type. Properties closer to the coastline tend to command higher rental prices due to their desirable views and proximity to the beach. The time of year also plays a crucial role; during peak summer months, when demand increases significantly due to tourism, rental prices can rise substantially compared to the off-season. For example, a two-bedroom apartment near the beach might rent for significantly more in July than in November. The condition and amenities of the property can also impact prices; modern, well-furnished units with features like private pools or gardens are often priced higher than older, basic accommodations. Additionally, local amenities, such as restaurants, shops, and recreational facilities, can elevate rental rates, particularly in family-friendly neighborhoods or areas known for nightlife.

  • Are utilities typically included in rental prices in Cabo Roig?

    In Cabo Roig, rental prices often vary significantly depending on the property type, location, and rental terms, which directly impacts whether utilities are included. In many cases, especially in long-term rentals, utilities such as water, electricity, and internet are not included in the monthly rent and are billed separately. For example, a 2-bedroom apartment might have a rental price of around €700 per month, with utilities like electricity and water potentially adding another €100 to €150 per month to the overall cost. Conversely, some holiday rentals, particularly in tourist-heavy areas, might have inclusive utility fees factored into their pricing, which can often be reflected in higher per-night rates. It is also common for landlords to specify utility inclusions or exclusions in the rental agreement, making it essential for tenants to clarify this before signing.

  • What is the price range for seasonal rentals in Cabo Roig?

    In Cabo Roig, the price range for seasonal rentals varies significantly depending on the property type, location, and season. Generally, for a one-bedroom apartment, prices can range from around €400 to €800 per month during the off-peak season, while summer months may see rates jump to between €800 and €1,500 per month. For larger accommodations, such as two to three-bedroom villas, monthly rentals can start around €900 in the low season and could soar to between €1,500 and €3,000 in peak summer months. Properties closer to the beach or with luxury amenities like private pools or sea views tend to be on the higher end of this range. Additionally, factors such as the duration of the stay and negotiation with landlords can also influence pricing, with some landlords offering discounts for longer leases or early bookings.

  • Are there additional fees when renting a property in Cabo Roig?

    When renting a property in Cabo Roig, potential tenants should be aware of several additional fees that might apply beyond the base rent. Commonly, tenants may encounter administrative fees charged by rental agencies, which can range from €100 to €300, depending on the agency and the complexity of the rental process. Additionally, a security deposit is typically required, often amounting to one month’s rent, which is held to cover any potential damages during the stay. Utilities, including water, electricity, and internet, are usually not included in the rent and could add €100 to €200 to the monthly expenses, depending on consumption. Some properties may also impose an additional community fee, especially if the rental includes amenities such as a pool or garden, which can vary considerably, typically falling between €50 and €200 per month. Lastly, if you’re renting short-term, be aware of a possible cleaning fee, which can also influence the overall cost.