Spain

El Campello

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Real estate insights for El Campello

AspectSummary
Gross YieldTypically between 5-7% for investment properties.
Rental DemandHigh demand, especially during peak tourist seasons.
Average Rent PriceAround €800-€1,200 per month for a 2-bedroom apartment.
Vacancy RatesStable, usually around 5-10% in urban areas.
Tenant Turnover RateModerate, averaging around 30% annually.
Operating ExpensesTypically 20-30% of rental income.
Regulation and Rent ControlLimited rent control; follows market trends.
Furnishing/Unfurnishing RateAround 60% of rentals are furnished.
Short-Term vs. Long-Term Rental MixApproximately 40% short-term, 60% long-term.
Local Economic IndicatorsSteady growth in tourism and local employment.
Rental Price TrendsConsistent upward trend due to demand.
Lease TermsCommonly 12 months, with some flexibility.
Deposit RequirementsUsually one month’s rent.
Utilities and Other CostsAverage additional costs are €100-€200 per month.
Safety and SecurityGenerally safe, with low crime rates in most areas.

El Campello FAQ

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

    The average rental price for a one-bedroom apartment in El Campello typically ranges between €500 to €700 per month, depending on the proximity to the beach and local amenities. In more sought-after areas near the seafront, such as near Playa de El Campello, prices can rise to around €800, especially for modern apartments with sea views. Conversely, apartments located further inland may be available for around €450 to €550 per month. It’s also common to find varying rental prices based on the season, with prices peaking during the summer months due to increased demand from tourists. Some listings on popular real estate sites indicate that fully furnished apartments tend to demand a slightly higher price compared to unfurnished ones.

  • How do rental prices in El Campello compare to nearby towns?

    Rental prices in El Campello are generally more affordable compared to nearby coastal towns like San Juan de Alicante and Villajoyosa. While San Juan de Alicante typically sees rental prices averaging around €800 to €1,200 for a two-bedroom apartment, El Campello offers similar properties in the range of €600 to €900. Villajoyosa, known for its picturesque beaches, has rental costs that can also be a bit higher, with two-bedroom apartments often priced between €700 and €1,100. The variance in prices can largely be attributed to El Campello's less crowded tourist scene and diverse housing options, which cater to both permanent residents and seasonal renters. Furthermore, El Campello benefits from good public transport connections to larger cities, making it an attractive option for those seeking lower rental prices while remaining close to urban amenities.

  • What factors influence rental prices in El Campello?

    Several factors influence rental prices in El Campello, a coastal town in Spain known for its beaches and Mediterranean climate. Proximity to the beach significantly impacts rental costs; properties closer to the shoreline often command higher prices, especially during peak tourist seasons. Seasonal fluctuations also play a key role; summer months tend to see escalated prices due to increased demand from both tourists and locals seeking vacation rentals. The availability of amenities, such as pools, parking spaces, and access to public transport, can further elevate prices. Additionally, socio-economic factors—like the overall health of the local economy and property developments—affect rental rates. For example, newly built luxury apartments with modern features may attract a premium, while older properties needing renovation might see lower rental prices. Local regulations and the housing market dynamics, including supply and demand, also contribute significantly to fluctuations in the rental market.

  • Are there seasonal changes in rental prices in El Campello?

    Rental prices in El Campello, a coastal town in Spain, exhibit noticeable seasonal fluctuations, primarily influenced by tourism trends. During the peak summer months, particularly July and August, rental prices soar as visitors flock to the area for its beaches and Mediterranean climate. For instance, a two-bedroom apartment near the beachfront can rent for up to €1,200 per week in July, whereas the same unit may drop to around €600 per week in the off-peak months of November to March. Similarly, properties closer to major attractions, such as the promenade or the quaint town center, often see higher price increases during local festivals or school holidays. Conversely, during the winter months, many landlords offer reduced rates or long-term rental incentives to attract residents, resulting in a temporary dip in prices. Overall, the demand surges in summer and holidays, influencing the rental market significantly.

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

    In El Campello, rental properties typically incur utility costs that can vary based on the size of the property and the usage. For electricity, monthly bills can range from €50 to €100 for a standard apartment, depending on factors like air conditioning usage during the hot summer months. Water costs are generally lower, averaging around €30 to €50 per month for a family-sized unit. Internet and phone services can add another €30 to €50 monthly, depending on the provider and plan selected. Gas for heating or cooking might contribute an additional €30 per month, especially during the cooler months. Overall, tenants should expect to allocate around €140 to €230 for these essential utilities, not including additional services or community fees that may apply.

  • How much should I expect to pay for a three-bedroom house in El Campello?

    In El Campello, the price for a three-bedroom house can vary significantly depending on the location, condition, and proximity to the beach. On average, you might expect to pay between €200,000 and €400,000. For instance, properties further from the coastline generally cost less, with some offering three bedrooms for around €200,000 in areas like Pueblo Español. Conversely, houses located closer to the beach, particularly those with sea views, can reach upwards of €350,000 to €400,000 in sought-after neighborhoods like San Juan de Alicante. Newer developments or recently renovated homes often command higher prices, with some listings showcasing modern amenities and features that push the price closer to €500,000. Keep in mind that factors like local amenities and market trends can also influence pricing.

  • Are there additional fees besides rent when renting a property in El Campello?

    When renting a property in El Campello, it's essential to consider additional fees beyond the base rent. Typically, tenants may encounter community fees, particularly in apartment complexes. These can cover maintenance of communal areas, swimming pools, and gardening services, and they often range from €50 to €200 monthly, depending on the amenities provided. Additionally, a security deposit, usually equivalent to one or two months' rent, is commonly required to cover potential damages. Utility bills such as water, electricity, and gas are typically not included in the rent and will be paid separately, with costs varying based on usage. Some landlords may also charge for services like internet and home insurance, so it’s vital for tenants to clarify what’s included in the rental agreement and any other recurring charges that may apply.