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Granadilla De Abona

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Real estate insights for Granadilla De Abona

AspectSummary
Gross Yield5-7% for long-term rentals, higher for short-term.
Rental DemandIncreasing due to tourism and local job growth.
Average Rent PriceApproximately €700-€1,200 per month for 1-2 bedroom apartments.
Vacancy RatesAround 5-10%, fluctuates seasonally.
Tenant Turnover RateModerate, around 25-30% annually.
Operating ExpensesTypically 25-35% of rental income, includes maintenance & management.
Regulation and Rent ControlMinimal rent control; regulations favor tenant rights.
Furnishing/Unfurnishing Rate80% unfurnished, 20% furnished properties available.
Short-Term vs. Long-Term Rental Mix60% long-term, 40% short-term, influenced by tourism.
Local Economic IndicatorsGrowing economy, stable job market in tourism and services.
Rental Price TrendsSteady increase in rental prices over the last 5 years.
Lease TermsStandard lease terms typically 11-12 months.
Deposit RequirementsUsually 1-2 months' rent as a deposit.
Utilities and Other CostsAverage €100-€200 in utilities per month.
Safety and SecurityGenerally safe area with low crime rates.

Granadilla De Abona FAQ

  • What is the average rent for a one-bedroom apartment in Granadilla De Abona?

    The average rent for a one-bedroom apartment in Granadilla de Abona typically ranges from €500 to €700 per month, depending on factors such as location, amenities, and the condition of the apartment. Apartments located closer to the coast or tourist areas, like El Médano, might command higher prices, often reaching up to €800. In contrast, those situated further inland or in less popular neighborhoods can be found for around €450. It's also common to see prices fluctuating based on the time of year, with peak tourist seasons potentially driving rents higher. Basic utilities and community features, such as pools or gym access, can also influence overall rental costs.

  • How much should I expect to pay for a two-bedroom rental in Granadilla De Abona?

    In Granadilla de Abona, the cost of a two-bedroom rental typically ranges from around €700 to €1,200 per month, depending on the location and amenities. In more central or desirable areas, such as near the coast or with easy access to public transport, prices can be on the higher end. For instance, a modern apartment in the town center might be priced around €950, while a similar property further from the sea could go for about €800. Additionally, properties in residential areas may offer lower rents, with some options starting closer to €700. Factors like proximity to schools, shops, and local attractions can significantly affect pricing.

  • Are rental prices in Granadilla De Abona increasing or decreasing?

    Rental prices in Granadilla de Abona have been experiencing fluctuations due to various factors, including the area's growing popularity among both locals and expatriates. Over the last few years, properties close to the coast and tourist attractions like El Médano have seen an uptick in rental prices, driven by demand from vacationers and long-term residents seeking a sunny climate. For instance, a two-bedroom apartment near the beach may rent for around €900 per month, which is a noticeable increase compared to €750 a few years ago. Conversely, areas further inland or less frequented by tourists, such as parts of Granadilla town itself, have not seen the same level of increase, with prices stabilizing around €600 to €700 for similar properties. The local government’s policies and investment in infrastructure also play a role, as improvements in transport links and amenities might contribute to changing rental trends in specific neighborhoods.

  • What factors influence rental prices in Granadilla De Abona?

    Rental prices in Granadilla De Abona are influenced by several factors, with location being a primary determinant. Properties located near the coast or with ocean views typically command higher rents compared to those further inland. The proximity to amenities such as schools, supermarkets, and public transport also plays a significant role; for example, areas near the Tenerife South Airport experience higher demand due to their convenience for travelers. Seasonal fluctuations can further impact prices, especially during peak tourist season when short-term rentals see increased rates. Additionally, the condition and age of the property affect rental costs; modern, well-maintained apartments often attract higher prices than older, less updated buildings. Finally, the overall economic climate, such as changes in employment rates or migration trends, can shape demand and, consequently, rental rates in the region.

  • Is it more expensive to rent near the beach in Granadilla De Abona?

    Renting near the beach in Granadilla de Abona typically comes at a premium compared to properties located further inland. For instance, a one-bedroom apartment with ocean views can range from €800 to €1,200 per month, while similar accommodations just a short distance away might be available for €600 to €800. The appeal of proximity to the beach, along with the vibrant local culture and access to amenities, drives demand and subsequently prices. Neighborhoods such as El Médano, known for its surf culture and relaxed atmosphere, see even higher rental costs due to their popularity among both locals and tourists. Moreover, seasonal fluctuations can also impact prices; during peak tourist months, rents may spike, further highlighting the financial implications of living close to the beachfront.

  • What are the typical utility costs associated with rental properties in Granadilla De Abona?

    In Granadilla de Abona, typical utility costs for rental properties include electricity, water, gas, and internet services. Electricity bills can range from €50 to €100 per month, depending on usage, as properties with air conditioning may see higher costs. Water expenses generally amount to about €30 to €60 monthly, influenced by occupancy and usage levels. For heating and cooking, gas costs vary but often fall between €20 and €40 each month. Internet services, meanwhile, can be expected to add around €30 to €50 to monthly expenses, depending on the provider and speed chosen. Additionally, some properties may include community fees that cover maintenance of common areas, which can be an extra €30 to €100 monthly.

  • How do rental prices in Granadilla De Abona compare to nearby areas?

    Rental prices in Granadilla de Abona tend to be more affordable compared to nearby areas like Playa de las Américas or Costa Adeje, where demand from tourists and expatriates drives prices higher. For instance, a one-bedroom apartment in Granadilla might average around €600 per month, while similar accommodations in the bustling Playa de las Américas can exceed €1,000, particularly during peak seasons. Additionally, two-bedroom apartments in Granadilla are often listed between €800 and €1,000, whereas in Costa Adeje, the same configurations can easily reach €1,500. The price disparity is influenced by Granadilla's more residential appeal and its slightly removed location from the bustling tourist hotspots, making it a viable option for long-term residents seeking lower rental costs.