Spain

Calpe

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Property for rent in Calpe

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Real estate insights for Calpe

AspectSummary
Gross YieldTypically around 5-7%, attractive for investors.
Rental DemandHigh, particularly in summer months due to tourism.
Average Rent PriceApproximately €800-€1,200 per month for a standard apartment.
Vacancy RatesLow, often below 5%, indicating strong rental market.
Tenant Turnover RateModerate, commonly 20-30% annually.
Operating ExpensesRanging 20-30% of rental income, includes maintenance and fees.
Regulation and Rent ControlLimited rent control, regulations vary by property type.
Furnishing/Unfurnishing Rate45% furnished rentals, often preferred by short-term renters.
Short-Term vs. Long-Term Rental Mix50% short-term, 50% long-term; balanced market.
Local Economic IndicatorsSteady growth; tourism and expat communities contribute.
Rental Price TrendsIncreasing trend, particularly post-pandemic.
Lease TermsTypically 11-12 months for long-term rentals.
Deposit RequirementsStandard deposit of 1-2 months' rent.
Utilities and Other CostsUtilities average €100-€150 monthly, varies by usage.
Safety and SecurityGenerally safe, with low crime rates and active patrols.

Calpe FAQ

  • How do rental prices in Calpe compare to nearby towns?

    Rental prices in Calpe tend to be higher compared to several nearby towns due to its coastal location and popularity as a tourist destination. For instance, in Calpe, the average monthly rent for a one-bedroom apartment can range from €700 to €1,200, especially during the peak summer season. In contrast, towns like Altea and Teulada offer more affordable options, with similar apartments often priced between €600 and €800 per month. Additionally, while Calpe is known for its vibrant beach culture and modern amenities, towns such as Moraira and Benissa provide a more tranquil atmosphere, often resulting in lower rental prices that typically hover around €500 to €900 for comparable accommodations. Overall, the demand for rental properties in Calpe, largely driven by its attractions and amenities, contributes to the higher price point relative to its neighboring areas.

  • What is the average rental price for apartments in Calpe?

    The average rental price for apartments in Calpe varies depending on factors such as location, size, and seasonality. Typically, one-bedroom apartments in the city center range from €600 to €900 per month, while those further from the coast can be found for around €500 to €700. Larger two-bedroom apartments in sought-after areas, particularly near the beach, can command rents between €900 and €1,500 monthly. During the peak tourist season, prices often increase, with some rentals exceeding €1,800 per month. Additionally, newly built or renovated properties may also fetch higher rental rates, showcasing the impact of modern amenities and proximity to attractions on pricing.

  • Are rental prices in Calpe higher during the summer months?

    Rental prices in Calpe tend to increase significantly during the summer months, primarily due to the influx of tourists seeking to enjoy the Mediterranean climate and beautiful beaches. For instance, a typical two-bedroom apartment that might rent for around €800 per month in the off-peak season can see its price soar to €1,200 or more during July and August. The demand for short-term holiday rentals drives this spike, as many property owners capitalize on the tourist market. Additionally, popular holiday accommodations like beachfront villas or luxury condos can command even higher prices, with some listings reaching upwards of €3,000 per week at peak times. This seasonal fluctuation is particularly noticeable in areas close to the promenade and main attractions, where availability becomes limited, further affecting rental rates.

  • What factors affect the rental price of a property in Calpe?

    Several factors influence the rental price of properties in Calpe, including location, property type, and seasonal demand. Properties situated near the beach or within walking distance of amenities like restaurants and shops typically command higher rents. For instance, a two-bedroom apartment with sea views may rent for significantly more than a similar apartment set farther back from the coastline. The condition and age of the property also play a crucial role; well-maintained, modern apartments usually attract premium prices compared to older, less updated ones. Additionally, rental prices fluctuate with the seasons; during peak summer months, demand skyrockets, often leading to increased rates. Other considerations include the property's size, available facilities such as pools or gardens, and proximity to public transport. Local regulations and market trends, such as the popularity of short-term rentals versus long-term leases, further shape pricing dynamics in Calpe.

  • Are utilities included in the rental price in Calpe?

    In Calpe, whether utilities are included in the rental price often varies by property and landlord. Many holiday rentals, especially those aimed at tourists, typically include utilities such as water, electricity, and internet in the quoted rental price. For example, a beachfront apartment might list a monthly rate that covers all essential services, making it easier for short-term visitors. However, long-term rentals can differ significantly; some landlords provide a base rent that excludes utility costs, requiring tenants to manage their own bills. In these cases, it's common for tenants to pay for electricity and water separately, which can fluctuate based on usage. Additionally, some listings may detail specific caps on utility consumption, indicating that any overages would be the tenant's responsibility. Always reviewing the rental agreement and clarifying with the landlord before signing is crucial to avoid any misunderstandings regarding utility costs.

  • What type of properties typically have the highest rental prices in Calpe?

    In Calpe, properties such as luxury villas and modern beachfront apartments typically command the highest rental prices. These high-end villas, often featuring private pools, extensive gardens, and panoramic sea views, attract affluent clients seeking exclusivity and comfort. For example, properties located near the iconic Peñón de Ifach offer both stunning views and proximity to popular beaches, driving up their rental rates. Similarly, contemporary apartments in developments with amenities like communal pools, gyms, and direct beach access are in high demand, particularly during the summer months. Townhouses in gated communities also see elevated rental prices, especially if they include features like terraces with sea views or are situated close to local attractions and restaurants.

  • Is there a security deposit required when renting in Calpe?

    When renting a property in Calpe, it is common for landlords or property management companies to require a security deposit. This deposit typically ranges from one to two months' rent, depending on the specific rental agreement and the property's condition. For example, a vacation rental priced at €1,000 per month may ask for a €1,000 to €2,000 security deposit. This amount serves to cover potential damages to the property, unpaid utilities, or other unforeseen costs that may arise during the rental period. It’s important to review the terms of the rental agreement thoroughly, as some landlords also specify conditions for the return of the deposit, including cleaning requirements or the state in which the property should be left upon departure. Tenants should document the property's condition with photographs upon check-in to avoid any disputes regarding the deposit upon check-out.