Spain

Moraira

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Real estate insights for Moraira

AspectSummary
Gross YieldAverage gross yield is around 5-7% for investment properties.
Rental DemandHigh demand, especially in summer months from tourists.
Average Rent PriceAverage rent price is approximately €800-€1,200 per month for a 2-bedroom.
Vacancy RatesLow vacancy rates, around 5-8% depending on the season.
Tenant Turnover RateModerate turnover rate at about 15-20% annually.
Operating ExpensesOperating expenses typically range from 25-30% of rental income.
Regulation and Rent ControlMinimal rent control; regulations mainly favor tenant rights.
Furnishing/Unfurnishing Rate75% of rentals are furnished, making them more attractive to tenants.
Short-Term vs. Long-Term Rental MixPredominantly short-term rentals, with a growing long-term market.
Local Economic IndicatorsStrong tourism-driven economy, boosting rental market stability.
Rental Price TrendsRental prices have increased by 4-6% annually over the last few years.
Lease TermsTypical lease terms are 12 months for long-term rentals.
Deposit RequirementsCommonly 1-2 months' rent as a security deposit.
Utilities and Other CostsUtilities average €150-€200 monthly; additional costs for internet.
Safety and SecurityGenerally safe, with low crime rates; regular police presence.

Moraira FAQ

  • What is the average rental price for a property in Moraira?

    In Moraira, the average rental price for a property varies significantly based on factors such as location, size, and the time of year. Generally, a one-bedroom apartment in the town center can range from €600 to €900 per month, while a three-bedroom villa might cost between €1,200 and €2,000, particularly if it features a swimming pool and scenic views of the Mediterranean Sea. During peak tourist seasons, rental prices can increase by 20% to 50%, especially for properties close to the beach or popular amenities. For long-term rentals, prices tend to be more stable, with many landlords offering discounts for leases exceeding six months.

  • How do rental prices in Moraira compare to nearby areas?

    Rental prices in Moraira tend to be higher compared to nearby areas such as Teulada and Benitachell, primarily due to Moraira's coastal location and its appeal as a tourist destination. For instance, a three-bedroom villa in Moraira can average around €1,500 to €2,500 per month, while similar properties in Teulada may range from €1,200 to €1,800. Benitachell typically offers even lower rates, with rentals around €1,000 to €1,500 for comparable homes. Seasonal variations also play a role, with prices spiking during the summer months in Moraira, reflecting its popularity with tourists. Additionally, the amenities and lifestyle associated with Moraira, such as beach access and upscale dining options, contribute to its higher rental costs compared to the more residential-focused surrounding areas.

  • What factors influence rental prices in Moraira?

    Rental prices in Moraira are influenced by several key factors, including location, seasonality, property type, and local amenities. Properties situated near the beach or with stunning sea views typically command higher prices due to their desirable locations. For instance, villas on the coast often attract premium rates compared to those located further inland. Seasonality plays a significant role as well; during the peak summer months, rental prices can soar, driven by the influx of tourists seeking vacation homes. The type of property also matters; more modern, well-equipped homes or luxury villas with private pools tend to be more expensive than older apartments. Additionally, proximity to local amenities such as restaurants, shops, and recreational facilities can enhance the rental value, making properties closer to the center of Moraira more sought after.

  • Are rental prices in Moraira seasonal?

    Rental prices in Moraira exhibit seasonal fluctuations, primarily influenced by the tourist peak during the summer months. From June to September, demand skyrockets, driven by tourists seeking sun, beaches, and Mediterranean charm, leading to higher rental rates for villas and apartments. For instance, a seaside two-bedroom apartment that may cost around €800 per week in the peak summer season can drop significantly to about €400 per week in the off-season months of November to March. Moreover, the spring and autumn months see a moderate rental price that often strikes a balance, attracting both short-term visitors and long-term rentals. Additionally, exclusive properties can see even more dramatic price shifts; luxury villas may command rates that double during high season compared to low season.

  • What types of properties are most commonly rented in Moraira?

    In Moraira, the most commonly rented properties are typically villas and apartments, catering to a variety of vacationers and long-term residents. Many villas feature private pools, spacious terraces, and stunning sea views, making them particularly appealing for families and groups seeking a relaxing getaway. Often, these properties are located within walking distance to the beach or the charming town center, providing easy access to local amenities. On the other hand, modern apartments, ranging from one to three bedrooms, are also popular, especially those situated in gated communities with shared pools and gardens. Some rentals offer panoramic views of the Mediterranean, while others are equipped with contemporary furnishings and access to communal facilities such as gyms and tennis courts. Additionally, there is a demand for holiday homes with traditional Spanish architecture, characterized by whitewashed facades and terracotta roofs, which attract visitors looking for an authentic experience of the Costa Blanca.

  • Is it more expensive to rent a villa or an apartment in Moraira?

    Renting a villa in Moraira generally tends to be more expensive than renting an apartment. Villas typically offer more space, including private gardens and pools, which can significantly increase rental costs. For example, a three-bedroom villa in Moraira can range from €1,500 to €3,000 per month, depending on the location and amenities. Conversely, a two-bedroom apartment might cost between €800 and €1,500 per month, making it a more budget-friendly option without sacrificing proximity to the beach and local amenities. Additionally, the luxury market in Moraira features some high-end villas that can go well beyond €3,000 per month, particularly those with ocean views or in prime locations, while apartments remain more consistent in price across different neighborhoods. Factors such as view, property condition, and additional features like parking can also affect pricing dynamics between villas and apartments in this coastal town.

  • How much can I expect to pay for utilities in addition to the rent in Moraira?

    In Moraira, the cost of utilities in addition to rent typically includes electricity, water, gas, and garbage collection, and these can vary significantly depending on usage and the size of the property. On average, a one-bedroom apartment might see monthly utility bills ranging from €100 to €150. Electricity is often the largest expense, with costs fluctuating based on seasonal demands, usually averaging around €60 to €80 per month. Water bills generally fall between €30 to €50 monthly, while gas can be an additional €20 to €30 if used for heating or cooking. Additionally, garbage collection fees are often bundled into local council taxes, which can average around €20 to €25 per month. Overall, budgeting around €150 to €200 for utilities is a practical expectation for most residents in Moraira.