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Campoamor

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Real estate insights for Campoamor

AspectSummary
Gross YieldTypically ranges from 5% to 8% depending on location and property type.
Rental DemandHigh demand due to tourism and expat communities.
Average Rent PriceApproximately €800 to €1,200 per month for short-term rentals.
Vacancy RatesGenerally low, around 5% to 10%.
Tenant Turnover RateModerate, around 30% annually for long-term rentals.
Operating ExpensesRanging from 20% to 30% of rental income, including property management.
Regulation and Rent ControlModerate regulations; limited rent control for long-term leases.
Furnishing/Unfurnishing Rate75% of rentals are furnished, attracting more tenants.
Short-Term vs. Long-Term Rental MixApproximately 60% short-term, 40% long-term.
Local Economic IndicatorsStrong tourism sector supports rental market.
Rental Price TrendsPrices increased steadily; slight stabilization observed recently.
Lease TermsStandard leases last 12 months for long-term rentals.
Deposit RequirementsTypically one to two months' rent as a deposit.
Utilities and Other CostsUtilities average €100 to €150 per month, dependent on size.
Safety and SecurityGenerally safe, low crime rates in residential areas.

Campoamor FAQ

  • What is the average rent price for a one-bedroom apartment in Campoamor?

    The average rent price for a one-bedroom apartment in Campoamor typically ranges from €500 to €700 per month, depending on various factors such as location, amenities, and proximity to the beach. For instance, a modern apartment near the coast might cost around €650, while a slightly older unit further inland could be available for around €500. Seasonal fluctuations can also affect pricing, with summer months often seeing a spike due to increased demand from tourists. Additionally, utilities and community fees may not be included in the rent, which can add another €100 to €150 to the monthly expense.

  • How much does it typically cost to rent a villa in Campoamor?

    The cost of renting a villa in Campoamor can vary significantly based on factors such as location, amenities, and the time of year. Typically, during the peak summer months, prices for a three-bedroom villa can range from €1,000 to €2,500 per week, with properties closer to the beach or with a private pool generally commanding higher rates. For instance, a modern villa in a gated community might charge around €1,800 for a week in July, while a more basic accommodation could go for about €1,200. Off-season rentals in the fall or spring may see prices drop to between €600 and €1,200 per week, making it a more budget-friendly option for visitors. Moreover, some luxury villas with extensive gardens, high-end furnishings, and proximity to golf courses can exceed €3,000 per week during the high season. Additional costs like cleaning fees or security deposits may also apply.

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

    Rental prices in Campoamor typically see a noticeable increase during the summer months, driven largely by the influx of tourists seeking the coastal charm of this Spanish destination. For instance, a two-bedroom apartment that may rent for around €600 per month in the off-season could rise to €1,200 or more during peak vacation periods. Beachfront properties, which are particularly desirable, often experience even steeper price hikes. A villa with ocean views might command rates that double or triple, reflecting high demand. Additionally, the availability of amenities such as pools and proximity to beaches further impacts pricing, with many landlords capitalizing on the seasonal surge in travelers looking for temporary accommodation. The vibrant summer atmosphere in Campoamor, featuring local festivals and events, also attracts visitors, allowing property owners to maximize their rental income during these warm months.

  • What factors affect rental prices in Campoamor?

    Rental prices in Campoamor are influenced by a variety of factors, including location, property type, and seasonal demand. Properties situated near the beachfront typically command higher prices compared to those further inland, as proximity to the coast is a major draw for tourists and residents alike. The size and condition of the property also play a significant role; modern apartments with amenities such as pools or sea views tend to be more expensive. Seasonal fluctuations can drastically impact rental prices, with the summer months often seeing a spike in rates due to an influx of holidaymakers. Additionally, economic factors, such as changes in local employment rates or tourism trends, can also affect overall market conditions, leading to varying rental prices throughout the year. Local amenities, such as restaurants, shops, and recreational facilities, further contribute to the desirability and pricing of rental properties in the area.

  • Is it cheaper to rent a long-term property or a holiday rental in Campoamor?

    In Campoamor, the cost of renting a long-term property often proves to be more economical compared to holiday rentals, particularly during peak tourist seasons. Long-term rentals typically range from €600 to €1,200 per month for a two-bedroom apartment, depending on the location and amenities. In contrast, a week-long stay in a holiday rental can cost anywhere from €500 to €1,500, especially in summer months when demand surges. Additionally, holiday rentals frequently charge extra for utilities or cleaning fees, which can add up significantly. For example, a beachfront holiday rental might seem affordable at first glance but could end up costing €2,000 for just two weeks when all fees are included. Seasonal fluctuations in pricing can further impact costs, making long-term leases a more stable option for those looking to stay in Campoamor.

  • What amenities are usually included in the rental price in Campoamor?

    In Campoamor, the rental price typically includes a variety of amenities designed to enhance the comfort and convenience of tenants. Most rental properties come with access to communal pools, which are commonly found in apartment complexes and residential communities, offering a great way to relax in the warm climate. Additionally, many rentals feature air conditioning and heating systems to maintain a comfortable living environment throughout the year. Basic utilities such as water and electricity are often included, although internet and television services may depend on the specific rental agreement. Security features like gated access or intercom systems are frequently part of the package, adding an extra layer of safety for residents. Some properties may also provide additional amenities such as on-site parking, shared gardens, or gym facilities, enhancing the overall living experience.

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

    Rental prices in Campoamor tend to be more competitive compared to nearby areas like Torrevieja and La Zenia. In Campoamor, one-bedroom apartments typically range from €500 to €800 per month, whereas in Torrevieja, similar accommodations can be found for around €450 to €700. On the other hand, La Zenia, known for its proximity to the beach, often sees prices that edge higher, with one-bedroom rentals averaging between €600 and €900. Additionally, while Campoamor offers a mix of both residential and holiday rentals, areas like Torrevieja may have a larger selection of lower-priced options due to its larger size and diverse population. The difference in prices can also reflect the amenities and seasonal demand, especially considering Campoamor’s appeal during the summer months.