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Caceres‎

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Property for rent in Caceres‎

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Real estate insights for Caceres‎

AspectSummary
Gross YieldEstimated between 5-7% annually.
Rental DemandModerate demand, driven by local universities and tourism.
Average Rent PriceApproximately €500-€800 per month for apartments.
Vacancy RatesAround 7-10%, varies by neighborhood.
Tenant Turnover RateAverage turnover of 15-20% per year.
Operating ExpensesTypically 20-30% of rental income.
Regulation and Rent ControlStandard regulations apply; no stringent rent control.
Furnishing/Unfurnishing RateCommonly unfurnished, some furnished options available.
Short-Term vs. Long-Term Rental MixPredominantly long-term rentals; short-term growing.
Local Economic IndicatorsStable economy with growth in tourism and service sectors.
Rental Price TrendsSlight upward trend in rental prices annually.
Lease TermsCommonly 1-year leases; longer terms preferred.
Deposit RequirementsTypically 1-2 months' rent as deposit.
Utilities and Other CostsAround €100-€150/month for utilities on average.
Safety and SecurityGenerally safe with low crime rates; minor precautions advised.

Caceres‎ FAQ

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

    The average rental price for an apartment in Cáceres typically ranges from €400 to €600 per month, depending on the location and size of the property. In the city center, prices tend to be higher, with one-bedroom apartments averaging around €500, while multi-bedroom options can range from €600 to €800. In more residential areas, such as the outskirts of the historic district, prices may drop to about €350 for a smaller apartment. For instance, a two-bedroom apartment in a less central area might go for around €550. Utilities and internet costs can add another €100 to €150 to the monthly expenses, depending on usage.

  • How do the rental prices in Caceres compare to nearby cities?

    Rental prices in Cáceres are generally lower than in nearby cities like Mérida and Badajoz. For instance, a one-bedroom apartment in the city center of Cáceres averages around €400 per month, whereas in Badajoz, the same type of apartment can reach closer to €500. Similarly, Mérida's rental market reflects higher rates, with average prices hovering around €450 for comparable accommodations. The lower cost of living in Cáceres, combined with a more relaxed pace, makes it an attractive option for tenants seeking affordability. Additionally, while housing prices in larger urban centers like Salamanca can be significantly higher, Cáceres maintains a balance between price and quality of life, providing a more budget-friendly alternative for those looking to rent in Extremadura.

  • What factors influence rental prices in Caceres?

    Rental prices in Cáceres are influenced by a variety of factors, notably location, demand, and property condition. The historic center, known for its UNESCO World Heritage Sites, tends to command higher rents due to its cultural significance and tourist appeal. Proximity to essential services such as schools, hospitals, and public transportation also plays a crucial role; neighborhoods close to these amenities generally see elevated prices. Additionally, the overall condition of the property affects rental rates; well-maintained apartments or those with modern renovations will fetch a premium compared to older, less updated spaces. Seasonal demand fluctuations can further impact rental prices, particularly in summer months when tourists increase. Local economic conditions, including employment rates in sectors like tourism and education, also shape the landscape of rental pricing in the city.

  • Are rental prices in Caceres higher during certain seasons?

    Rental prices in Cáceres can indeed fluctuate with the changing seasons, reflecting various factors such as tourism, academic calendars, and local events. For instance, during the summer months, when tourism peaks, rental prices often increase due to the influx of visitors attracted by the city’s historical sites and festivals. In contrast, the off-season, particularly in winter, can see a dip in rental rates as fewer tourists and short-term visitors seek accommodations. Additionally, the academic year significantly influences prices; areas near universities may experience higher rents at the beginning of semester months, when students are looking for housing. Local festivals, like the Medieval Market held in the spring, can temporarily boost rental costs as both tourists and vendors arrive, creating short-term spikes. Each of these factors contributes to the seasonal variations in rental pricing throughout the year.

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

    The average price for house rentals in Cáceres varies depending on the location and size of the property. In the city center, a one-bedroom apartment can cost around €400 to €600 per month, while larger apartments or casas de pueblo (village houses) might range from €700 to €1,200, particularly if they are near historical sites. In more suburban areas, prices tend to drop, with three-bedroom houses available for around €600 to €800 monthly. Properties with gardens and outdoor spaces often command higher prices, especially during the spring and summer months. Additionally, the fluctuating rental market can impact costs, with some rental prices increasing during local festivals or tourist seasons.

  • How often do rental prices change in Caceres?

    Rental prices in Cáceres can fluctuate frequently due to various factors such as seasonality, economic conditions, and local demand. For instance, during the peak tourist season in summer, short-term rental prices tend to increase as more visitors seek accommodation. Conversely, in the winter months, rental rates may decrease as demand drops. Additionally, changes in the local economy, such as new businesses opening or population shifts, can also contribute to price adjustments. In 2023, for example, some typical one-bedroom apartments in the historic center saw rents ranging from €450 to €600 per month, but students returning in the fall often prompted a spike in prices for shared accommodations. The ongoing demand for properties from both locals and expats can create a competitive rental market, leading landlords to modify their prices accordingly.

  • What amenities can affect the rental price in Caceres?

    In Cáceres, the rental price can be significantly influenced by various amenities. Proximity to historical sites, such as the Plaza Mayor or the Old Town, often raises demand and subsequently prices due to tourism appeal. Apartments with modern kitchens and updated bathrooms tend to attract higher rents compared to more basic accommodations. Additionally, properties featuring outdoor spaces, like balconies or terraces, can command a premium, especially in the warmer months when residents look to enjoy the pleasant climate. Access to communal facilities, such as swimming pools or fitness centers, also impacts pricing, as tenants seek more lifestyle-oriented living options. The availability of parking spaces can be a crucial factor as well, particularly in areas with limited street parking, which can further elevate rental costs.