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Figueres

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Real estate insights for Figueres

AspectSummary
PopulationApprox. 47,000 residents
Average Property Price€2,200 per square meter
Rental Yield5.5% annually
Average Rent€800 per month for a 3-bedroom
Occupancy Rate80% for long-term rentals
Capital Growth Rate3% per year
Property TaxAround 1.1% of property value
Transaction CostsApprox. 10% (notary fees, taxes, etc.)
Expected ROI7% including both rental yield and capital growth
Economic Growth ImpactModerate; tourism and local businesses boost economy

Figueres FAQ

  • What is the average price of a home in Figueres?

    The average price of a home in Figueres varies depending on the type and location of the property. As of 2023, the price per square meter typically ranges from €1,200 to €1,600. For instance, a small apartment in the city center can cost around €100,000 to €150,000, while larger family homes or villas in more desirable neighborhoods might be priced between €200,000 and €400,000. Additionally, newer developments or properties with modern amenities tend to command higher prices compared to older homes that may require renovations. The local real estate market often experiences fluctuations, influenced by both national trends and the appeal of Figueres as a cultural hub, notably for its proximity to the Costa Brava and landmarks like the Salvador Dalí Theatre-Museum.

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

    Real estate prices in Figueres have seen a noticeable increase over the past few years, driven largely by a growing interest in the Costa Brava region. Between 2018 and 2021, average property prices rose by approximately 15%, with prime areas near cultural attractions, such as the Dalí Theatre-Museum, experiencing even steeper hikes. For instance, a 2-bedroom apartment within walking distance of the museum that was valued at around €150,000 in 2018 is currently priced closer to €175,000. Additionally, the demand for vacation rentals has surged, spurring investors to buy properties, which has further inflated the market. The influx of remote workers seeking a quieter lifestyle has also contributed to the upward trend, with many opting for homes that offer both space and proximity to local amenities. This has made Figueres increasingly attractive not just to locals, but also to international buyers looking for a foothold in the region.

  • What factors influence real estate prices in Figueres?

    Real estate prices in Figueres are influenced by several key factors. The city's cultural significance, particularly as the birthplace of Salvador Dalí, attracts tourists and art enthusiasts, driving demand for residential and commercial properties. Proximity to amenities such as schools, healthcare facilities, shops, and restaurants also impacts property values; homes located within walking distance of these services tend to command higher prices. Additionally, the state of the local economy plays a crucial role; periods of economic growth typically lead to increased investment in real estate, whereas downturns can suppress demand and lower prices. Infrastructure developments, such as improved transportation links to nearby cities and the renovation of public spaces, can elevate property values as well. Lastly, the aesthetic appeal of Figueres, characterized by its unique architecture and vibrant community, can create a desirability that further compresses the housing market, especially in popular neighborhoods.

  • Are property prices in Figueres higher in urban areas compared to rural areas?

    In Figueres, property prices tend to be higher in urban areas compared to rural regions, primarily due to demand, accessibility, and amenities. The central parts of Figueres, such as near the Dalí Theatre-Museum or the lively Plaça de l'Ajuntament, showcase elevated property values because of their proximity to cultural landmarks and commercial facilities. For instance, apartments in these urban zones can command prices upwards of €2,000 per square meter, reflecting the desirability of living in vibrant, well-connected neighborhoods. Conversely, rural properties, whether in nearby villages like La Jonquera or further afield in the Alt Empordà region, often sell for significantly lower per square meter rates, sometimes below €1,000. This price disparity underscores the differences in lifestyle and access to services, with urban residents enjoying a variety of shops, restaurants, and public transportation options not typically found in more remote areas.

  • What is the price range for apartments in Figueres?

    The price range for apartments in Figueres varies widely based on location, size, and amenities. Generally, you can expect to pay anywhere from €1,200 to €2,500 per month for a one-bedroom apartment in the city center, while prices for similar apartments in quieter neighborhoods might start around €900. Larger apartments, such as three-bedroom units, typically range from €1,800 to €3,500, depending on their proximity to attractions such as the Dalí Theatre-Museum and the overall condition of the building. Newer developments with modern amenities can command higher prices, with some luxury apartments exceeding €4,000. For those looking to purchase, the average price per square meter hovers around €1,300 to €2,000, with older properties on the market going for lower prices, often appealing to investors or those seeking renovation projects.

  • How do property prices in Figueres compare to nearby towns?

    Property prices in Figueres are generally more affordable compared to some nearby towns like Cadaqués and Roses, where coastal locations significantly drive up prices. In Figueres, the average price per square meter tends to hover around €1,500, making it an appealing option for buyers looking for value. In contrast, Cadaqués, known for its art scene and picturesque coastline, can see prices soar to €3,500 per square meter, attracting wealthier buyers and seasonal tourists. Similarly, Roses, with its beachfront properties, often lists prices around €2,800 per square meter. On the other hand, towns like Olot, which is further inland and less tourist-oriented, typically have prices closer to those in Figueres, providing a similar market for potential homeowners. This variance highlights the differing appeal and demand across the region, influenced by factors such as tourism, location, and amenities.

  • What are the trends for rental prices in Figueres?

    Rental prices in Figueres have experienced fluctuations influenced by various factors such as location, property type, and overall economic conditions. In central areas, rental prices for a one-bedroom apartment typically range from €450 to €700 per month, with higher prices observed in properties closer to landmarks like the Dalí Theatre-Museum. For larger family units, three-bedroom apartments can command rents between €800 and €1,200, particularly in neighborhoods that offer better amenities and accessibility. The influx of tourists, especially during peak seasons, has also increased demand for short-term rentals, leading to a slight uptick in prices in certain parts of the city. Additionally, the local housing market has witnessed a growing interest from those looking to relocate from larger urban centers, adding competitive pressure on rental prices.