Spain

Campo De Mijas

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Real estate insights for Campo De Mijas

AspectSummary
PopulationApprox. 27,000 residents
Average Property Price€250,000 - €400,000
Rental Yield5% - 7%
Average Rent€800 - €1,200 per month
Occupancy Rate70% - 85%
Capital Growth Rate3% - 5% annually
Property TaxApprox. 0.4% - 1.1% of property value
Transaction Costs7% - 10% of purchase price
Expected ROI8% - 10% annually
Economic Growth ImpactStable; tourism boosts demand

Campo De Mijas FAQ

  • What factors influence real estate prices in Campo De Mijas?

    Real estate prices in Campo De Mijas are influenced by several key factors, including location, amenities, and market demand. Properties closer to the coastline, such as those in the vicinity of Miraflores Beach, can command prices ranging from €250,000 for a two-bedroom apartment to over €1 million for luxury villas. Additionally, the area’s reputation for high-quality golf courses, notably the Mijas Golf Club, contributes to price increases, with homes nearby often priced 10-20% higher than similar properties further inland. Seasonal demand also plays a significant role; during peak tourist months, there can be a surge in rentals and property purchases, which in 2022 saw an increase of approximately 15% in transactions compared to the previous year. Furthermore, the age and condition of the property impact prices significantly, with newly built developments often commanding a premium of 20-30% compared to older, less-maintained options.

  • How do property prices in Campo De Mijas compare to nearby areas?

    Property prices in Campo De Mijas generally hover around €2,200 to €2,800 per square meter, which places it in the mid-range compared to neighboring areas. For instance, in Mijas Pueblo, prices can reach up to €3,000 per square meter due to its historic charm and demand for traditional Andalusian architecture. Meanwhile, in Fuengirola, located just a few kilometers away, prices are slightly lower, averaging around €2,000 per square meter, primarily due to its more urban environment and focus on high-rise developments. Even within Campo De Mijas, variations exist; properties closer to the coast can command higher prices, sometimes exceeding €3,000 per square meter, while those situated further inland tend to be more affordable. This localized pricing dynamic illustrates the considerable variance in property values based on proximity to amenities and natural features.

  • Are property prices in Campo De Mijas increasing or decreasing?

    Property prices in Campo De Mijas have shown a notable upward trend in recent years. As of late 2023, the average price per square meter for residential properties stands around €2,500, reflecting an approximate 7% increase compared to the previous year. In specific neighborhoods, such as Mijas Pueblo, prices can reach as high as €3,000 per square meter for villas, driven by demand for views and traditional architecture. In contrast, more affordable areas like Las Lagunas offer properties around €1,800 per square meter, though these are also witnessing a slight rise as developers target younger buyers and investors. Additionally, new developments are increasingly entering the market, which may influence price dynamics in the coming months.

  • What is the average price per square meter for homes in Campo De Mijas?

    The average price per square meter for homes in Campo De Mijas varies depending on the type of property and its location within the area. As of late 2023, prices typically range from around €1,800 to €3,200 per square meter. For instance, a modern apartment closer to the coastline may command higher prices, often exceeding €3,000 per square meter, particularly if it boasts sea views or luxury amenities. Conversely, properties located a bit further inland might see averages closer to €1,800 per square meter. In specific developments, such as gated communities, the prices can rise significantly due to added facilities like pools and security services. Additionally, older properties or those needing renovation may fall on the lower end of the scale, reflecting the condition and appeal of the homes.

  • What types of properties tend to be the most expensive in Campo De Mijas?

    Properties in Campo De Mijas that tend to be the most expensive are typically luxury villas and high-end apartments, particularly those with sea views and proximity to amenities like golf courses and beaches. Villas with four or more bedrooms, extensive outdoor spaces, private pools, and modern finishes often command prices ranging from €800,000 to over €2 million. For instance, exclusive developments like La Alcaparra offer properties that can exceed €1.5 million, featuring cutting-edge architecture and lush surroundings. Similarly, penthouses in sought-after areas such as Calahonda can reach upwards of €700,000, especially when they provide panoramic views and high-quality facilities like communal pools and gardens. Properties in gated communities with 24-hour security and easy access to leisure activities further increase their market value, drawing buyers willing to invest substantially for added privacy and luxury.

  • How does the season affect real estate prices in Campo De Mijas?

    In Campo De Mijas, the real estate market experiences noticeable fluctuations in prices based on the season. During peak tourist season, typically from June to September, demand for properties, especially vacation rentals, tends to surge. Prices during these months can increase by as much as 15-20% compared to the off-peak months. For example, a two-bedroom apartment that might list for €200,000 in November could see its price rise to around €230,000 by July as buyers and investors seek rental income opportunities. Conversely, during the off-peak season from October to March, prices can stabilize or even drop by about 5-10% as the number of buyers decreases, and properties linger on the market longer. The effect of seasonal employment trends in tourism also plays a role; seasonal workers looking for temporary housing often inflate rental prices, influencing overall market dynamics. Therefore, local events and festivals can also create short-term spikes in demand, further impacting prices.

  • What amenities or features can increase the price of a property in Campo De Mijas?

    In Campo De Mijas, several specific amenities can significantly increase property values. Properties with stunning sea views can command a premium of 10% to 25% over similar homes without such vistas. Swimming pools can add approximately €15,000 to €30,000 to the property price, depending on the size and quality of the pool. Proximity to golf courses is also a substantial factor; properties located within a kilometer of a renowned golf club often see price increases between 5% and 15%. Additionally, homes equipped with modern, energy-efficient appliances and solar panels can enhance value by 5% to 10%, reflecting the growing demand for sustainable living. Properties featuring spacious terraces or private gardens can increase market appeal, leading to a potential price rise of up to 20%. Finally, access to community amenities such as gyms, spas, and 24/7 security can further push prices higher, often by an additional 5% to 15%.