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Plaza De Toros Doctores San Lazaro

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Apartments for rent in Plaza De Toros Doctores San Lazaro

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Real estate insights for Plaza De Toros Doctores San Lazaro

AspectSummary
Gross YieldTypically ranges from 5% to 8% based on rental prices and property values.
Rental DemandHigh due to proximity to amenities and cultural sites, appealing to both locals and tourists.
Average Rent PriceApproximately €800 to €1,200 per month for a standard apartment.
Vacancy RatesStable at around 5% to 7%, indicating a healthy rental market.
Tenant Turnover RateModerate, with many tenants staying 1-2 years on average.
Operating ExpensesEstimated 20%-30% of rental income including maintenance and management fees.
Regulation and Rent ControlSubject to local housing regulations; rent control measures may apply.
Furnishing/Unfurnishing RateAround 60% of rentals are furnished, attracting more tenants.
Short-Term vs. Long-Term Rental MixDominantly long-term rentals, but short-term rentals are growing due to tourism.
Local Economic IndicatorsStrong tourism sector and stable job market bolster rental demand.
Rental Price TrendsGradual increase in rental prices, reflecting high demand.
Lease TermsCommonly 12-month leases, with some flexibility for short-term rentals.
Deposit RequirementsTypically 1-2 months' rent as a security deposit.
Utilities and Other CostsUtilities average €150 per month, varies by usage.
Safety and SecurityGenerally safe area with low crime rates, benefiting from community policing.

Plaza De Toros Doctores San Lazaro FAQ

  • What is the average rental price for apartments in Plaza De Toros Doctores San Lazaro?

    The average rental price for apartments near Plaza De Toros Doctores San Lazaro varies significantly based on the size and condition of the unit. Typically, one-bedroom apartments can range from €700 to €1,000 per month, depending on proximity to amenities and transport links. For larger two-bedroom units, renters might expect to pay between €1,200 and €1,600 monthly. Newly renovated apartments or those with modern finishes often command higher prices, sometimes exceeding €1,800. Additionally, prices may fluctuate based on seasonality and local demand, with some listings experiencing a surge during festivals or events held at the nearby bullring. The overall rental market in this area reflects a mix of traditional and contemporary styles, appealing to diverse preferences.

  • How do rental prices in this area compare to neighboring districts?

    Rental prices in the Plaza de Toros Doctores San Lazaro area tend to be more affordable compared to neighboring districts like Estrella and Delicias, which have seen significant increases in demand due to their proximity to city centers and transportation hubs. For example, a one-bedroom apartment in San Lazaro may average around €900 per month, while similar accommodations in Delicias can reach €1,200 or more. Additionally, Estrella's rental rates are often inflated due to its appeal to younger professionals, with two-bedroom apartments typically listing at €1,500, compared to the €1,200 average found in San Lazaro. The overall trend indicates that while San Lazaro offers competitive pricing, it remains somewhat less desirable in terms of amenities and lifestyle options compared to its more expensive neighbors.

  • What factors influence rental prices in Plaza De Toros Doctores San Lazaro?

    Rental prices in the Plaza De Toros Doctores San Lazaro area are influenced by several key factors. Firstly, the location's historical significance as a popular bullring and cultural venue adds a premium to rental costs, with tourists flocking to the area for events and activities. Additionally, the overall supply and demand in the local real estate market play a crucial role; if there is a surge in tourism or local festivals, demand spikes, driving prices higher. Proximity to public transport, amenities, and tourist attractions also affects rents; properties near the plaza may command higher prices due to accessibility. Lastly, seasonal fluctuations can impact rental rates, with summer months typically seeing an increase due to warmer weather and events like the San Isidro bullfighting festival, attracting visitors and raising demand for short-term rentals.

  • Are there additional fees associated with renting a property in this area?

    Renting a property in the area around Plaza De Toros Doctores San Lazaro often comes with various additional fees that prospective tenants should be aware of. Common expenses include community fees, which can cover maintenance of shared amenities like pools and gardens, and range from €50 to €150 monthly depending on the property. Additionally, tenants might encounter utility setup fees, such as for electricity and water, which could total around €100 to €200. Some landlords may also charge a one-time administration or processing fee, typically between €100 to €300, to handle the lease agreement and other paperwork. Lastly, tenants should be prepared for a possible security deposit requirement, usually equivalent to one or two months' rent, which is refundable at the end of the lease, pending any damages.

  • What is the typical size of rental properties in Plaza De Toros Doctores San Lazaro?

    Rental properties around Plaza de Toros Doctores San Lazaro typically range from one- to three-bedroom apartments, catering primarily to singles, couples, and small families. One-bedroom units generally start at around 50 square meters, while two-bedroom apartments average between 70 to 90 square meters. Larger three-bedroom configurations may offer 100 square meters or more, particularly in renovated historic buildings that blend traditional architecture with modern amenities. Prices can vary significantly based on factors like location, condition, and square footage, with affordable options available but more upscale rentals often exceeding market averages. Many properties feature high ceilings and large windows, which are characteristic of the area, adding to the overall appeal.

  • How often do rental prices change in this neighborhood?

    Rental prices in the Plaza de Toros Doctores San Lazaro neighborhood can change quite frequently, often influenced by seasonal demand and local events. For instance, during the summer months, when tourism peaks, landlords might increase prices to capitalize on the influx of visitors, while in the off-season, prices may stabilize or even drop. Historically, units around the plaza have seen price variations ranging from 5% to 15% between seasons. Additionally, the presence of nearby cultural activities, such as bullfighting events or festivals, can create temporary spikes in rental costs, making it common for landlords to adjust their rates leading up to these events. In some cases, newly renovated apartments might command higher prices compared to older, less updated units, further contributing to the dynamic rental landscape in the area.

  • What amenities can affect the rental price in Plaza De Toros Doctores San Lazaro?

    The rental price in the area surrounding Plaza De Toros Doctores San Lazaro can be significantly influenced by several amenities. Proximity to public transportation, such as metro stations or bus stops, often correlates with higher rental costs due to the convenience it offers residents. Access to grocery stores, healthcare facilities, and schools can also elevate prices, as families typically seek neighborhoods that provide essential services within a short distance. Additionally, the availability of parks and recreational facilities can attract renters looking for outdoor spaces, impacting rental demand and price. Modern features in residential properties, such as updated kitchens, air conditioning, or in-unit laundry, can further inflate rental rates, as tenants may be willing to pay a premium for enhanced living conditions. Security features and building amenities, like gyms or rooftop terraces, may also justify higher rents in the vicinity.