Spain

Irurtzun

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Real estate insights for Irurtzun

AspectSummary
PopulationApprox. 2,200 residents
Average Property Price€150,000 to €200,000
Rental Yield5% - 7%
Average Rent€500 - €700/month
Occupancy Rate85% - 90%
Capital Growth Rate3% - 4% annually
Property Tax0.4% - 1.1% of property value
Transaction Costs7% - 10% of property price
Expected ROI8% - 10%
Economic Growth ImpactModerate, due to local industry and tourism

Irurtzun FAQ

  • What is the average price per square meter for homes in Irurtzun?

    The average price per square meter for homes in Irurtzun, a small town in the Autonomous Community of Navarre, typically ranges from €1,200 to €1,500, depending on the property’s condition and location within the town. For instance, newer developments or well-maintained properties in more desirable areas may command prices closer to €1,500, while older homes or those located on the outskirts can be found for around €1,200. One example is a 100 square meter apartment listed at €130,000, translating to about €1,300 per square meter. On the other hand, a slightly larger, 150 square meter house might be on the market for €180,000, reflecting a price of €1,200 per square meter. Factors influencing these prices include the property's proximity to local amenities and the overall demand in the housing market.

  • What factors influence real estate prices in Irurtzun?

    Real estate prices in Irurtzun are influenced by several key factors. One significant influence is the local economy, which is shaped by the employment opportunities available in the region. As industries like manufacturing and agriculture thrive, they can drive population growth and, subsequently, housing demand. The proximity of Irurtzun to major cities like Pamplona also plays a role; being just a short distance away allows residents to enjoy a quieter lifestyle while still having access to urban amenities. Additionally, the region's natural beauty and outdoor recreational activities attract buyers interested in second homes or retirement properties, driving up demand in those segments. Infrastructure developments, such as improvements in transportation — like roads and public transit — can also enhance desirability, leading to higher property values. Lastly, historical and cultural aspects of the town may appeal to buyers looking for a unique community, affecting the overall pricing of homes in the area.

  • How have real estate prices in Irurtzun changed over the past year?

    Over the past year, real estate prices in Irurtzun, a small town in the Navarre region of Spain, have seen a modest increase, reflecting broader trends in the Spanish housing market. In 2022, the average price per square meter was around €1,350, but as of late 2023, this has risen to approximately €1,450. Key factors contributing to this rise include a slight uptick in demand as more people look to relocate to less urbanized areas, drawn by the town's proximity to nature and relatively affordable living compared to larger cities like Pamplona. For instance, properties such as a three-bedroom house in the outskirts, previously listed at €175,000, have recently been marketed for about €190,000. Similarly, smaller apartments in the town center are witnessing comparable trends, with prices creeping up from €120,000 to around €130,000. New developments and renovations, particularly in older neighborhoods, have also contributed to the price hikes as they attract buyers looking for modern amenities.

  • Are property prices in Irurtzun higher for new developments?

    Property prices in Irurtzun tend to be higher for new developments due to several factors that appeal to buyers. Recent constructions often feature modern amenities and energy-efficient designs, which attract families and young professionals looking for comfortable living spaces. For instance, the new residential complex near the town center has seen prices that exceed those of older properties by approximately 15-20%. This is largely due to the contemporary designs and better construction standards that new homes offer. Additionally, the increasing interest in Irurtzun as a more affordable alternative to larger cities like Pamplona has sparked demand, further driving up prices for newly built properties. In contrast, older homes in the area might be priced lower but often come with renovation needs that deter some potential buyers.

  • What is the price range for houses in Irurtzun?

    The price range for houses in Irurtzun varies significantly depending on size, condition, and location within the town. Typically, smaller homes or apartments can be found starting around €100,000, appealing to first-time buyers or those seeking affordable options. More spacious family homes, particularly those with modern amenities or larger plots, can range from €150,000 to €300,000. In some cases, properties with historical features or those situated near the town center may exceed €300,000. For instance, a renovated three-bedroom house in a quiet neighborhood might be priced close to €250,000, whereas older, less maintained properties could be listed for around €120,000. Additionally, the overall real estate market in Irurtzun can be influenced by local economic conditions and demand.

  • How do Irurtzun's property prices compare to nearby towns?

    Irurtzun's property prices are generally more affordable compared to nearby towns such as Tafalla and Alsasua. As of late 2023, the average cost per square meter in Irurtzun is around €1,500, which is notably lower than the approximately €1,800 per square meter seen in Tafalla. This price difference can be attributed to Irurtzun’s smaller size and its more rural feel. In contrast, Alsasua, being a larger town with more amenities, averages around €1,700 per square meter. Additionally, Irurtzun offers a range of property types, from traditional houses to newer developments, catering to various budgets, while nearby towns may have a more limited selection or higher baseline prices. The overall demand fluctuates, but Irurtzun has maintained a stable property market due to its access to nearby urban centers while still offering a quieter lifestyle.

  • What are the predictions for future real estate prices in Irurtzun?

    Predictions for future real estate prices in Irurtzun suggest a moderate increase driven by several factors. The town's proximity to major urban centers like Pamplona makes it an attractive option for those seeking more affordable housing while still enjoying the amenities of city life. Recent developments, such as improved transport links and local infrastructure investments, are likely to drive demand. For instance, new road projects aimed at reducing travel time to Pamplona could enhance Irurtzun's appeal, potentially leading to a rise in property values. Additionally, the growing trend of remote work may influence individuals and families to seek homes in quieter, less populated areas like Irurtzun, contributing to an uptick in housing demand. Current listings show a variety of price points; for example, older homes can be found around €100,000, while newly constructed properties may exceed €200,000, suggesting a range of opportunities for prospective buyers.

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