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Guardamar Del Segura

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Real estate insights for Guardamar Del Segura

AspectSummary
Gross YieldApproximately 6-8% depending on location.
Rental DemandHigh due to tourism and expatriate communities.
Average Rent PriceAround €600-€900/month for a 1-2 bedroom apartment.
Vacancy RatesGenerally low at around 5-7%.
Tenant Turnover RateModerate, about 30% annually.
Operating ExpensesAround 20-30% of rental income.
Regulation and Rent ControlLimited rent control; market-driven pricing in effect.
Furnishing/Unfurnishing RateAround 50% furnished rentals available.
Short-Term vs. Long-Term Rental MixPredominantly long-term; short-term rentals increasing.
Local Economic IndicatorsStable economy with tourism as a key driver.
Rental Price TrendsGenerally increasing, especially in popular areas.
Lease TermsCommonly one year; flexible options available.
Deposit RequirementsTypically one to two months' rent.
Utilities and Other CostsAverage €100-€150/month, varies by usage.
Safety and SecurityGenerally safe, with low crime rates.

Guardamar Del Segura FAQ

  • What is the average monthly rent for a one-bedroom apartment in Guardamar Del Segura?

    The average monthly rent for a one-bedroom apartment in Guardamar Del Segura typically ranges from €500 to €700, depending on the location and amenities. Apartments closer to the beach or with ocean views tend to command higher prices, sometimes exceeding €800. For example, a modern one-bedroom apartment in a newly constructed complex near the town center may list for around €650, while older buildings slightly further from the coastline can be found for about €500 to €550. Additionally, utilities are often not included in the rent, which can add another €100 to €150 to the monthly expenses. Overall, the rent can vary significantly based on factors such as proximity to key attractions and the condition of the property.

  • How much does it typically cost to rent a beachfront property in Guardamar Del Segura?

    Renting a beachfront property in Guardamar Del Segura generally ranges from €800 to €1,800 per month, depending on the season and the specific property. For instance, a one-bedroom apartment with sea views might cost around €900 in the off-peak months, while the same property could rise to €1,200 during the summer season. Larger options, such as three-bedroom villas right by the beach, often go for €1,500 to €1,800 per month in peak months. Some luxurious or newly renovated properties can even exceed €2,000. Additional costs such as utilities and community fees may also apply, and pricing can vary based on the proximity to local amenities or special features like private pools or terraces.

  • Are rental prices in Guardamar Del Segura higher in summer compared to winter?

    Rental prices in Guardamar Del Segura typically see a noticeable increase during the summer months compared to winter. This coastal town, known for its beautiful beaches and warm climate, becomes a popular destination for both tourists and seasonal residents from northern Europe, particularly in July and August. For instance, a two-bedroom apartment that might rent for around €600 per month in the off-peak winter season can easily see prices soar to €1,200 or more in the height of summer. Similarly, villas or townhouses that are generally listed at €1,200 during the winter can reach upwards of €2,000 during peak holiday weeks. The heightened demand for accommodation during summer also reflects the influx of visitors, which further drives up rental prices across various property types, from beachfront apartments to rural retreats.

  • What are the average costs for utilities when renting a property in Guardamar Del Segura?

    When renting a property in Guardamar Del Segura, the average monthly costs for utilities can vary based on the size of the apartment and the specific usage habits of the tenants. Typically, basic utilities, including electricity, water, and gas, can range from €100 to €150 per month for a standard one-bedroom apartment. For example, electricity costs can take up a significant portion of this, especially in the summer months when air conditioning is frequently used, which might push monthly bills closer to €70 or €80. Water charges usually account for around €30 to €40, depending on consumption, while gas for heating might add an additional €20 to €30 monthly if used. Furthermore, internet and phone services can average around €30 to €50 per month, depending on the provider and the speed chosen. Overall, tenants should be prepared for utility expenses that potentially total between €130 and €200 per month, depending on their lifestyle and the size of the rental unit.

  • Do rental prices vary significantly based on the neighborhood in Guardamar Del Segura?

    Rental prices in Guardamar Del Segura indeed vary based on the neighborhood, reflecting factors such as proximity to the beach, amenities, and local environment. For instance, properties near the coastal areas tend to command higher rents, especially in neighborhoods like El Moncayo, where beachfront views and access are highly sought after. Conversely, areas further inland, such as the residential quarter of Parque Alfonso XIII, typically offer more affordable options for families and long-term tenants. Additionally, neighborhoods with vibrant commercial activity, such as the town center, may see increased rental prices due to demand from tourists and workers alike. Overall, the diversity of the neighborhoods contributes to a noticeable variation in rental costs throughout Guardamar Del Segura.

  • How much can I expect to pay for a two-bedroom apartment in the city center of Guardamar Del Segura?

    In Guardamar Del Segura, the cost of a two-bedroom apartment in the city center typically ranges from around €100,000 to €200,000, depending on several factors such as location, condition, and amenities. For instance, a well-maintained apartment close to the beach might be on the higher end of this spectrum, often priced between €150,000 and €200,000. In contrast, an older property or one a bit further from the waterfront might be found for €100,000 to €140,000. Rental prices also vary, with monthly rents generally in the area of €600 to €900, again influenced by proximity to the coast and the overall condition of the apartment. These prices reflect the town's growing popularity among both locals and expatriates, as well as its appealing Mediterranean climate.

  • What factors influence the rental prices in Guardamar Del Segura?

    Rental prices in Guardamar Del Segura are influenced by several factors, including location, property type, and seasonality. Properties situated closer to the beach or with sea views typically command higher rents compared to those further inland. For example, a modern apartment with ocean views in the center might rent for significantly more than a similar-sized unit located a few blocks away. The availability of amenities also plays a crucial role; properties near shopping centers, parks, and recreational facilities are often in higher demand. Additionally, seasonal fluctuations affect rental prices; during the summer months, when tourism peaks, landlords may increase rates due to higher demand from holidaymakers, whereas off-peak rentals might see a decrease. Local economic conditions, such as job availability and the overall housing market trends in the Alicante province, further impact pricing, as do the characteristics of the property itself, such as age, condition, and any renovations or upgrades.