Spain

Pilona

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Real estate insights for Pilona

AspectSummary
PopulationApprox. 6,000 residents
Average Property Price€200,000
Rental Yield4.5%
Average Rent€900/month
Occupancy Rate85%
Capital Growth Rate3% annually
Property Tax0.4% of property value
Transaction Costs7-10% of property price
Expected ROI5-8% annually
Economic Growth ImpactModerate, with tourism growth

Pilona FAQ

  • What factors influence real estate prices in Pilona?

    Real estate prices in Pilona are influenced by several key factors. One significant element is the location within the municipality—properties closer to the scenic landscapes of the nearby Picos de Europa National Park often command higher prices due to their desirable views and recreational opportunities. The condition and age of the property also play a crucial role; renovated traditional homes in the historic center typically attract more interest than older, unrefurbished buildings. Additionally, the local economy, underscored by employment opportunities in agriculture and tourism, impacts buyer demand and price levels. Seasonal fluctuations can also be observed, with prices tending to rise in summer months when tourists seek short-term rentals. Finally, proximity to key amenities such as schools, shops, and medical facilities further affects how much buyers are willing to pay for properties in this quaint town.

  • How do property prices in Pilona compare to nearby towns?

    Property prices in Pilona are generally more affordable compared to nearby towns such as Colunga and Cangas de Onís. In Pilona, the average price for a property can hover around €1,200 per square meter, which is lower than Colunga, where prices can reach €1,800 per square meter, particularly in desirable areas near the coast. Cangas de Onís tends to exhibit similar pricing trends, with properties often ranging from €1,500 to €2,000 per square meter, especially those close to the famed Picos de Europa National Park. Additionally, Pilona's rural setting and less tourist-driven demand contribute to its comparatively lower property values, making it an attractive option for buyers seeking tranquility away from the bustling market of the coastal towns.

  • What is the average price of homes in Pilona?

    The average price of homes in Pilona, a charming town in Asturias, Spain, is generally around €100,000 to €150,000, depending on the property's size and condition. For instance, a small apartment might cost approximately €80,000, while a larger, more modern three-bedroom house could go for around €200,000. Prices tend to reflect the town's picturesque landscapes and proximity to natural parks, with many properties featuring traditional Asturian architecture. Certain older homes that require renovation might be available at lower prices, around €50,000, making them attractive for buyers looking to invest in the area. Additionally, the local real estate market also sees fluctuation based on trends, with some properties in prime locations commanding higher prices.

  • Are real estate prices in Pilona rising or falling?

    Real estate prices in Pilona, a small municipality in the Asturias region of Spain, have seen a moderate increase over the past few years. According to recent market analyses, the average price per square meter has risen around 5% annually, driven largely by the area's natural beauty and increasing popularity as a getaway destination. Properties with scenic views of the surrounding mountains and lush greenery are seeing particularly high demand. For example, traditional Asturian homes, known as “casas de aldea,” are fetching higher prices as buyers look for unique architecture combined with modern amenities. Additionally, the local government has invested in infrastructure improvements, which may contribute to an upswing in interest from potential homeowners and investors. However, specific neighborhoods within Pilona have exhibited varied trends, with some areas experiencing stability in prices while others witness more pronounced fluctuations.

  • What is the average price per square foot in Pilona?

    The average price per square foot in Pilona, a small municipality in the Asturias region of Spain, typically ranges between €800 and €1,200, depending on factors such as location and property condition. For instance, properties situated closer to the town center, which offer better access to amenities and services, tend to command higher prices, while those on the outskirts may be more affordable. In recent trends, newer constructions and renovated homes can fetch prices closer to the upper end of this range, especially if they incorporate modern features and sustainable designs. Additionally, properties with views of the surrounding mountains or those near popular tourist attractions may also influence pricing, contributing to a slight premium over the average.

  • How do seasonal trends affect real estate prices in Pilona?

    Seasonal trends significantly influence real estate prices in Pilona, primarily due to its picturesque landscape and mild climate, which attracts both locals and tourists. During the spring and summer months, demand for properties typically rises as people seek vacation homes or investment opportunities, driving prices up. For instance, homes near the scenic Piloñeta River see notable appreciation as families look for summertime retreats. Conversely, the autumn and winter months often lead to a slower market pace, resulting in price stabilization or even declines, particularly for homes that are less desirable during the colder season. Additionally, the annual cider festival and local festivities in late summer can prompt temporary spikes in rental prices for short-term accommodations, reflecting the area's vibrant tourism calendar.

  • What are common price ranges for different types of properties in Pilona?

    In Pilona, the price ranges for properties vary considerably based on size, location, and type. For a quaint studio apartment, prices typically start around €50,000, making it an accessible option for first-time buyers or investors. One-bedroom flats usually range from €70,000 to €120,000, particularly if they are situated near the town center or scenic views of the surrounding mountains. Larger family homes, such as three-bedroom houses, can range from €150,000 to €300,000, depending on the amenities and land size. In more upscale neighborhoods, luxurious villas might reach upwards of €600,000. Rural properties, which often come with significant land and picturesque views, can vary widely but generally start at around €100,000, depending on the condition and location. Prices reflect the area’s appeal, with historical charm and natural beauty playing significant roles in property valuation.