Spain

Camargo

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Real estate insights for Camargo

AspectSummary
Gross YieldAverage gross yield around 6-8%, attractive for investors.
Rental DemandStrong demand, particularly for long-term rentals.
Average Rent PriceAverage rent prices are approximately €800-€1,200/month.
Vacancy RatesLow vacancy rates, generally below 5%.
Tenant Turnover RateModerate turnover rate around 20-25% annually.
Operating ExpensesTypical operating expenses around 30% of rental income.
Regulation and Rent ControlLimited rent control laws; market largely unregulated.
Furnishing/Unfurnishing Rate40% of rentals are unfurnished, 60% furnished.
Short-Term vs. Long-Term Rental MixPredominantly long-term rentals, but increasing short-term options.
Local Economic IndicatorsStable economy, low unemployment, growing job sectors.
Rental Price TrendsGradual increase in rental prices over the past few years.
Lease TermsCommon lease terms are 1-2 years.
Deposit RequirementsDeposits typically require one month's rent.
Utilities and Other CostsUtilities average €150-€200/month, varies by size.
Safety and SecurityGenerally considered safe, low crime rates reported.

Camargo FAQ

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

    The average rental price for apartments in Camargo varies depending on factors such as location, size, and amenities. Generally, one-bedroom apartments can expect to rent for around €500 to €700 per month, while larger two-bedroom units typically range from €700 to €900. For instance, apartments situated closer to the main commercial areas or near public transport may command higher prices compared to those in more residential neighborhoods. Additionally, newly constructed buildings with modern finishes and facilities like parking can push rental costs above €1,000. Older or less centrally located apartments often see rental prices closer to the lower end of the spectrum.

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

    Rental prices in Camargo tend to be more affordable compared to nearby areas such as Santander and Torrelavega. On average, a one-bedroom apartment in Camargo might cost around €600 per month, while similar accommodations in Santander can reach up to €800 or even €900, given its proximity to the coast and vibrant urban life. In Torrelavega, rental prices are somewhat comparable, typically ranging from €650 to €750 for similar units. Additionally, while new developments in Camargo are bringing modern amenities and slightly higher rents—around €650 for a brand-new apartment—the overall cost of living remains lower than in the more metropolitan Santander. This price difference often attracts individuals and families looking for more budget-friendly options without straying too far from urban conveniences.

  • What factors influence rental prices in Camargo?

    Rental prices in Camargo are influenced by a variety of factors, including location, property type, and local amenities. Proximity to major transport links, like the nearby Santander Airport and regional train services, significantly affects demand and, consequently, pricing. For example, properties near the town center or popular areas like Muriedas tend to command higher rents due to accessibility and proximity to shops, restaurants, and healthcare facilities. Additionally, the size and condition of the property play crucial roles; newer developments or recently renovated homes can attract higher rental values compared to older, less maintained units. Seasonal variations, such as an influx of summer tourists or temporary residents related to local industries, can also drive prices up during peak periods. Lastly, economic factors, including changes in employment rates within the region or broader economic conditions in Spain, influence rental demand and price fluctuations over time.

  • Are rental prices higher for furnished or unfurnished properties in Camargo?

    In Camargo, rental prices tend to be higher for furnished properties compared to unfurnished ones. This trend can be attributed to the immediate convenience that furnished apartments offer, appealing particularly to short-term renters or those relocating for work. For instance, a two-bedroom furnished apartment in the town center might command a monthly rent of around €900, while a comparable unfurnished unit could be available for €750. The cost difference reflects the added value of amenities like sofas, beds, and kitchen appliances. Additionally, landlords of furnished properties often include utilities, further justifying the higher price point. However, unfurnished rentals attract long-term tenants who prefer personalizing their living space, leading to a more competitive market for these options at slightly reduced prices.

  • How often do rental prices increase in Camargo?

    Rental prices in Camargo typically experience seasonal fluctuations, with notable increases occurring during the summer months. In recent years, rents have risen by approximately 3-5% annually, largely influenced by demand from travelers and new residents attracted by employment opportunities in nearby cities like Santander. For instance, a one-bedroom apartment that was renting for around €500 per month a couple of years ago might now be priced at around €520-€525, depending on the location and amenities offered. Additionally, larger family homes often see a more substantial increase; a three-bedroom house, previously listed for €800, could now command upwards of €850 in similar neighborhoods. Factors such as local economic developments and tourism trends also contribute to these price changes.

  • What are the typical costs for utilities in rental properties in Camargo?

    In Camargo, typical utility costs for rental properties can vary based on the size of the apartment and individual consumption habits. Electricity bills generally range from €50 to €100 per month for a standard two-bedroom unit. Water costs are often around €30 to €50 monthly, depending on usage, while gas heating, common in many properties, can add another €40 to €80 to monthly expenses. Internet and phone services typically cost between €30 and €50 per month, depending on the provider and speed of the plan chosen. It's also important to note that some landlords may include certain utilities in the rent, so it's advisable to clarify which services are covered when renting a property.

  • Is there a seasonal trend in rental prices in Camargo?

    In Camargo, rental prices tend to show seasonal fluctuations, primarily influenced by tourism and local demand. During the summer months, particularly from June to August, rental prices often spike due to an influx of tourists drawn to nearby coastal attractions and cultural events. For instance, a two-bedroom apartment that may rent for around €600 per month in spring could rise to approximately €800 in peak summer. Conversely, during the colder months, especially from December to February, demand typically decreases, leading to lower rental prices. In winter, the same apartment might be available for €500 due to reduced tourist activity and a focus on long-term leases. Additionally, local events such as the Fiesta de la Virgen del Carmen in July can cause brief surges in rental rates, reflecting temporary increases in demand. Overall, while averages can provide a snapshot, these seasonal trends can result in notable variations in rental prices throughout the year.