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Denia

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Real estate insights for Denia

AspectSummary
Gross YieldAverage is around 6-8% depending on location and type of property.
Rental DemandModerate to high, especially in summer months due to tourism.
Average Rent PriceApproximately €600-€1,200 per month for standard apartments.
Vacancy RatesGenerally low, averaging 5-10% in popular areas.
Tenant Turnover RateHigh in short-term rentals; lower for long-term rentals around 20%.
Operating ExpensesTypically 25-30% of rental income, includes maintenance and management.
Regulation and Rent ControlModerate regulations; no strict rent control but tenants' rights are strong.
Furnishing/Unfurnishing RateFurnished properties are popular; 60%+ are offered furnished.
Short-Term vs. Long-Term Rental MixIncreasing trend towards short-term rentals; mix is about 40/60.
Local Economic IndicatorsStable, driven by tourism and local services; low unemployment.
Rental Price TrendsIncreasing trend over the past few years, especially before summer.
Lease TermsCommonly 1-year for long-term rentals; flexible options for short-term.
Deposit RequirementsTypically 1-2 months’ rent as a deposit.
Utilities and Other CostsUtilities average around €100-€150 per month, varies by consumption.
Safety and SecurityGenerally safe, but varies by neighborhood; low crime rates overall.

Denia FAQ

  • How do rental prices in Denia compare to other coastal towns in Spain?

    Rental prices in Denia tend to be competitive with other coastal towns in Spain, though they can vary significantly depending on the season and location within the town. For instance, a one-bedroom apartment in the heart of Denia might cost around €700-€900 per month, while similar properties in popular tourist destinations like Marbella can range from €1,200 to €2,000 monthly. In contrast, towns like Altea or Torrevieja often have lower rental prices, with one-bedroom apartments often available for €500-€700. The influx of tourists during the summer months in Denia may drive up prices temporarily, but they generally remain more affordable compared to hotspots such as Barcelona or San Sebastián. Additionally, Denia's diverse real estate market, which includes both modern developments and traditional Spanish villas, offers a range of prices that reflect the area's appeal to both locals and expatriates looking for a coastal lifestyle.

  • What are the typical utility costs for rental properties in Denia?

    Utility costs for rental properties in Denia can vary depending on the size of the property and the season. Typically, monthly expenses for basic utilities, including electricity, water, and gas, range between €100 to €250. For instance, a one-bedroom apartment might incur around €100 to €150 per month for these essential services, while larger properties or villas can see costs soar to €200 or more. Internet and television services could add another €30 to €60 monthly, depending on the package chosen. Additionally, seasonal fluctuations can impact costs; for example, air conditioning in summer can significantly raise electricity bills, while heating during the cooler months can also add to overall utility expenses.

  • What is the average rental price for a one-bedroom apartment in Denia?

    The average rental price for a one-bedroom apartment in Denia typically ranges from around €600 to €900 per month, depending on the location and amenities offered. For instance, a modern apartment near the beach or the city center might cost closer to €800, while those set a bit further away from the main attractions might fall in the €600 range. Seasonal fluctuations can also affect prices, with rental costs often rising during the peak summer months when demand spikes. In addition, older properties or those requiring refurbishments can sometimes be found for less, around €500, though they may lack some of the modern conveniences that newer developments provide.

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

    Renting a villa in Denia can vary widely in cost depending on several factors such as location, size, and the time of year. During the peak summer months, prices can range from €1,200 to €3,000 per week for beachfront properties with amenities like private pools and sea views. In contrast, off-peak seasons might see prices drop to between €800 and €1,500 per week for similar accommodations. For example, a three-bedroom villa in a residential area may cost around €1,000 per week in July, while the same property could be about €600 per week in late September. Luxury villas or those with special features, such as proximity to golf courses or historical attractions, can exceed €4,000 per week. Additionally, many rentals require a security deposit and may charge for utilities like internet and water.

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

    Rental prices in Denia typically experience a notable increase during the summer months, driven by the influx of tourists seeking to enjoy its Mediterranean beaches and vibrant culture. For instance, a two-bedroom apartment that might rent for around €600 per month in the off-season can soar to €1,000 or more during July and August, as demand peaks. Additionally, properties with sea views or those located near the centro urbano attract even higher prices, with some listings nearing €1,500 during the high season. The popularity of Denia as a holiday destination means that many property owners capitalize on this seasonal demand, leading to a competitive rental market that varies significantly between summer and winter months.

  • What factors influence rental prices in Denia?

    Rental prices in Denia are influenced by several factors, including location, property type, seasonal demand, and local amenities. The proximity to the beach is a significant factor; properties near the waterfront command higher prices, especially during the summer months when tourists flock to the area. For instance, apartments overlooking the Mediterranean Sea can be priced substantially higher than those situated further inland. Additionally, the size and condition of the property play crucial roles; modern, newly renovated villas tend to attract more rental interest than older, less maintained homes. Seasonal fluctuations also affect prices; during the peak tourist season from June to September, rental rates can skyrocket, sometimes doubling compared to the off-season. Furthermore, the availability of local amenities, such as restaurants, shops, and recreational facilities, can impact desirability and rental rates; areas with vibrant nightlife or family-friendly attractions may see higher demand and subsequently higher prices.

  • Is it cheaper to rent a property in Denia for a long term or short term?

    Renting property in Denia can vary significantly in cost depending on the duration of the lease. Long-term rentals, typically defined as contracts of six months or more, often present more attractive pricing compared to short-term rentals, which are usually aimed at tourists and can be priced at a premium. For example, a two-bedroom apartment near the beach may cost around €700-€900 per month for a long-term lease, whereas a similar apartment rented on a weekly basis during the peak summer season could easily demand €1,200 or more weekly. Additionally, many landlords of short-term properties often include utilities and amenities in their pricing, which can make it more appealing for transient visitors, unlike long-term rentals where utilities might be separate. Seasonal fluctuations also play a role; during popular tourist months, short-term rentals soar while long-term rates remain relatively stable. Consequently, while short-term rentals can yield higher immediate returns for landlords, long-term rentals may be better for tenants looking for more economical living arrangements.