Spain

Manilva

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Real estate insights for Manilva

AspectSummary
Gross YieldApprox. 5-7% for residential properties.
Rental DemandModerate with seasonal peaks due to tourism.
Average Rent PriceAverage €800-€1,200 per month for apartments.
Vacancy RatesAround 8-10%, varies by location.
Tenant Turnover RateTypically 30-40% annually.
Operating ExpensesApprox. 20-30% of rental income.
Regulation and Rent ControlLimited rent control; mostly free market.
Furnishing/Unfurnishing RateAbout 60% furnished; 40% unfurnished.
Short-Term vs. Long-Term Rental Mix65% long-term, 35% short-term rentals.
Local Economic IndicatorsGrowing tourism; low unemployment rate.
Rental Price TrendsSteady increase of about 3-5% annually.
Lease TermsTypically 1-year leases common.
Deposit RequirementsUsually 1-2 months' rent as deposit.
Utilities and Other CostsAround €150-€250 monthly, depending on size.
Safety and SecurityGenerally safe, but varies by neighborhood.

Manilva FAQ

  • What is the average rental price for a one-bedroom apartment in Manilva?

    The average rental price for a one-bedroom apartment in Manilva typically ranges from €500 to €800 per month, depending on the location and amenities. For instance, apartments closer to the beach or within gated communities generally command higher prices, often reaching up to €900. Meanwhile, options further from the coastline or in more residential areas can start around €500. These prices can fluctuate based on the season, with summer months usually seeing a spike due to increased tourist activity. Additionally, some apartments may come furnished, which can also impact the rental cost. Overall, the rental market in Manilva reflects a blend of affordability and the attractive coastal lifestyle.

  • How much does it cost to rent a two-bedroom house in Manilva?

    Renting a two-bedroom house in Manilva typically ranges from €800 to €1,500 per month, depending on the property’s location and amenities. For instance, a modern house near the beach or with sea views might command higher prices, often around €1,200 to €1,500. In contrast, houses situated further from the coastline or in less touristy areas could be found for around €800 to €1,000. Additionally, properties that include features like shared pools, gardens, or recent renovations generally fall on the upper end of the price spectrum. Utilities may also be extra, impacting the total monthly cost. The rental market can vary seasonally, with prices often increasing during the summer months due to higher demand from tourists.

  • Are rental prices in Manilva higher in the summer season?

    Rental prices in Manilva do tend to rise during the summer season due to the influx of tourists eager to enjoy the region's beaches and pleasant climate. Properties in popular areas, especially those near the coastline or with ocean views, often see significant price hikes. For instance, a two-bedroom apartment that rents for around €800 per month in the off-peak season could increase to €1,200 or more in July and August. Additionally, villas with private pools and amenities catering to vacationers can command even higher rates, sometimes exceeding €2,500 weekly. Moreover, the demand for short-term holiday rentals pushes prices up, as many property owners capitalize on the tourist season, making the rental market in Manilva particularly competitive during summer months.

  • What factors affect rental prices in Manilva?

    Rental prices in Manilva are influenced by a variety of factors. One significant factor is the proximity to the coast; properties with sea views or those located near popular beaches like Playa de la Duquesa typically command higher rents. Seasonality also plays a crucial role; during the peak tourist months, demand for short-term rentals increases, leading to higher prices, while off-peak seasons may see a reduction in rates. Additionally, the amenities offered can impact pricing—rentals with swimming pools, modern kitchens, or access to golf courses tend to be more expensive. The overall economic conditions in the region, including average income levels and employment rates, also affect affordability and rental demand. Finally, local regulations, such as restrictions on short-term lettings, can shape the rental market dynamics, influencing both supply and pricing in the area.

  • Is it cheaper to rent an apartment or a house in Manilva?

    In Manilva, the cost of renting an apartment generally tends to be lower than that of renting a house, but this can vary significantly based on location and size. For example, a one-bedroom apartment near the coast might be priced around €600 to €800 per month, while a three-bedroom house in the same area could range from €1,000 to €1,500 or more, especially if it features a private garden or a sea view. Additionally, apartments often have lower maintenance fees and utility costs compared to houses, which may require more upkeep due to larger spaces and outdoor areas. However, in more rural parts of Manilva, house rentals can sometimes offer competitive pricing, particularly if they are further away from the tourist hotspots. The decision often comes down to personal preferences regarding space and lifestyle rather than just monthly costs.

  • How have rental prices in Manilva changed over the past few years?

    Over the past few years, rental prices in Manilva have seen a notable increase, mirroring trends in many parts of Spain's Costa del Sol. The surge can be attributed to a growing interest from both local and international buyers, particularly those seeking holiday homes in a more tranquil setting compared to nearby towns like Marbella. For example, average monthly rent for a two-bedroom apartment has risen from around €700 in 2020 to approximately €900 in 2023. Areas closer to the coast and developments like La Duquesa have particularly experienced heightened demand, with some properties now commanding upwards of €1,200 per month. Moreover, the influx of expatriates and remote workers has added pressure to the rental market, further driving prices up and limiting availability for long-term local residents. This shift reflects a broader economic trend prompted by post-pandemic travel recovery and shifting lifestyle preferences.

  • Are utilities usually included in rental prices in Manilva?

    In Manilva, whether utilities are included in rental prices can vary significantly depending on the type of rental agreement and the property. In some cases, especially with long-term rentals, utilities such as water, electricity, and internet are not included in the monthly rent and tenants must pay for them separately. For example, some landlords may list the rent amount and state explicitly that utilities will be billed on top of that, which can lead to fluctuating monthly costs. Conversely, many short-term rentals, like vacation homes or holiday apartments, often package utilities into the rental price, providing guests with a single, all-inclusive rate that covers everything from heating and cooling to Wi-Fi. Prospective renters should carefully review lease agreements to understand what is encompassed in the rent quotation.