Spain

El Perello

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Real estate insights for El Perello

AspectSummary
Population1,140
Average Property Price€150,000
Rental Yield5.5%
Average Rent€750/month
Occupancy Rate78%
Capital Growth Rate3% per year
Property Tax0.5% of property value
Transaction Costs7% of property value
Expected ROI8% per year
Economic Growth ImpactModerate positive impact

El Perello FAQ

  • What factors influence real estate prices in El Perello?

    Real estate prices in El Perello are influenced by several factors unique to the region. The proximity to the Mediterranean coastline plays a significant role, as properties with sea views or easy access to the beach tend to command higher prices. Additionally, the local infrastructure, including transportation links and amenities such as schools, supermarkets, and healthcare facilities, impacts value; areas with better services generally see more demand and, consequently, higher prices. The character of the housing stock also matters; traditional Spanish villas often appeal to both locals and expatriates, while modern constructs may attract a different demographic. Seasonal fluctuations in tourism can affect property prices too, especially for homes marketed as holiday rentals. Lastly, economic conditions, both locally and nationally, contribute to how buyers perceive value, as fluctuations in employment rates or interest rates can lead to changes in market sentiment.

  • How have real estate prices in El Perello changed over the past few years?

    In recent years, real estate prices in El Perello, a coastal town in Spain, have experienced notable fluctuations. Between 2018 and 2020, property values remained relatively stable, with average prices hovering around €1,500 per square meter, largely due to a combination of local market conditions and an influx of international buyers seeking vacation homes. However, as the pandemic prompted a shift toward remote working, demand surged for properties in more rural and coastal areas, leading to an increase in prices. By 2021, the average price rose to approximately €1,800 per square meter, with some beachfront properties selling for upwards of €2,200 per square meter. The year 2022 saw continued interest, driven by both local investors and foreign purchasers attracted to the area’s natural beauty and moderate climate. Nonetheless, the market faced challenges, such as rising construction costs and a tightening of available listings, which created a competitive environment for buyers.

  • What is the average price per square meter for properties in El Perello?

    In El Perelló, the average price per square meter for properties typically ranges from €1,200 to €2,000, depending on factors such as location, property type, and condition. For instance, a two-bedroom villa close to the beach might be listed around €1,800 per square meter, while apartments further inland could average around €1,200 per square meter. Renovated properties with modern amenities often command higher prices, whereas older homes in need of renovation tend to be on the lower end of the spectrum. Notably, as the town is situated near popular tourist spots, prices can fluctuate seasonally, with a noticeable increase during peak tourist months. Additionally, properties with sea views or proximity to local amenities like shops and restaurants may also see higher averages compared to those located further away.

  • Are real estate prices in El Perello higher during certain seasons?

    Real estate prices in El Perello tend to fluctuate with the seasons, particularly influenced by tourism patterns. During the summer months, when the population swells thanks to vacationers, property rentals and sales often see a spike. For instance, a seaside villa that might be valued at 200,000 euros in the spring could command up to 20% more in July and August, as demand surges for holiday homes. Conversely, during the winter, the market generally cools, with local buyers dominating the scene. This period can see prices drop, as many properties are vacant and sellers are more willing to negotiate. Additionally, the local festivals, such as the Festival of Sant Joan in June, can also impact prices, creating short-term demand spikes for properties near event venues.

  • What types of properties in El Perello tend to be the most expensive?

    In El Perelló, the most expensive properties are often luxurious villas and waterfront homes that offer panoramic views of the Mediterranean Sea. These properties typically feature modern architecture, spacious living areas, and high-end amenities, such as private pools and landscaped gardens. Villas located near the coast or in exclusive gated communities, such as those overlooking the beaches of Coma-ruga or Byrafa, command higher prices due to their prime locations and access to recreational activities. Moreover, restored traditional homes that emphasize local charm and character can also fetch high prices, especially if they include additional features like expansive terraces and proximity to local attractions. Properties that offer significant land area for future development or agricultural use tend to attract affluent buyers interested in investment opportunities as well.

  • How do property prices in El Perello compare to nearby areas?

    Property prices in El Perelló, a small town in the province of Tarragona, are generally more affordable compared to nearby coastal areas such as L'Ametlla de Mar and Sitges. As of late 2023, the average price per square meter in El Perelló hovers around €1,200, while in L'Ametlla de Mar, it can reach approximately €1,800 per square meter. In contrast, upscale destinations like Sitges can exceed €3,000 per square meter due to their significant tourist draw and affluent expat communities. El Perelló's rural charm and proximity to natural parks make it appealing for those seeking a quieter lifestyle, which contributes to its relatively lower prices. On the other hand, areas such as Tortosa, slightly inland, show similar pricing to El Perelló, but they lack the coastal appeal, making El Perelló a more attractive option for buyers looking for a balance between affordability and location.

  • What amenities or features can affect the price of a property in El Perello?

    The price of a property in El Perello can be significantly influenced by various amenities and features. Properties with stunning sea views or proximity to the coast tend to command higher prices, as they offer desirable vistas and easy access to beaches. The inclusion of modern appliances and high-quality finishes can attract buyers willing to pay a premium for convenience and aesthetics. Additionally, properties with outdoor spaces—like private gardens, swimming pools, or terraces—are often valued more, especially in a climate like that of El Perello, where outdoor living is popular. Proximity to local amenities such as schools, restaurants, and shops can also affect pricing; a home situated near vibrant community hubs or tourist attractions may see an increase in value. Lastly, features like energy efficiency or smart home technologies are increasingly sought after and can lead to a higher appraisal.