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Sagrada Familia

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Real estate insights for Sagrada Familia

AspectSummary
Gross YieldApproximately 4-6% annually, depending on location.
Rental DemandHigh demand due to tourism and local migration.
Average Rent PriceAround €1,200 - €1,800 for a 2-bedroom apartment.
Vacancy RatesLow, generally around 4-6% in prime areas.
Tenant Turnover RateModerate, averaging 30-40% per year.
Operating ExpensesApprox. 25-30% of rental income, including maintenance and taxes.
Regulation and Rent ControlSome rent control enforced; regulations vary by region.
Furnishing/Unfurnishing Rate70% unfurnished; furnished rentals often attract higher rents.
Short-Term vs. Long-Term Rental MixIncreasing short-term rentals due to tourism; 60% long-term currently.
Local Economic IndicatorsStrong tourism sector, low unemployment rates.
Rental Price TrendsSteady growth of 3-5% annually.
Lease TermsCommonly 1-year leases; flexibility in vacation rentals.
Deposit RequirementsUsually 1-2 months' rent as a security deposit.
Utilities and Other CostsAdditional €150-€200 monthly for utilities (water, electricity, internet).
Safety and SecurityGenerally safe; lower crime rates in tourist areas.

Sagrada Familia FAQ

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

    The average rental price for a one-bedroom apartment in the Sagrada Familia area of Barcelona typically ranges from €900 to €1,400 per month, depending on the apartment's proximity to the basilica and overall amenities. For instance, a modern, newly renovated apartment close to the metro might be on the higher end of that scale, around €1,200, while a slightly older unit further from the main attractions might be available for around €950. Some listings show a variation based on seasonal demand, with prices often peaking during the tourist season, in late spring and summer. Additionally, certain buildings offer communal features such as pools or rooftop terraces, which can also drive up monthly costs, sometimes reaching €1,500 in premium locations.

  • How do rental prices in Sagrada Familia compare to other neighborhoods in Barcelona?

    Rental prices in Sagrada Familia tend to be higher than some other neighborhoods in Barcelona, reflecting its popularity as a tourist destination and residential area. For example, a one-bedroom apartment in Sagrada Familia typically averages around €1,200 per month, whereas in neighborhoods like Poble Sec or Gracia, similar apartments might go for €1,000 or between €900 and €1,100, respectively. The close proximity to iconic landmarks like the Basilica de la Sagrada Familia and easy access to Metro lines also contributes to the demand, driving prices up. Furthermore, the area offers a mix of local shops, restaurants, and cultural sites, which adds to its appeal for both locals and expatriates. In contrast, more residential neighborhoods like Les Corts or Horta-Guinardó generally see lower rental rates, with apartments often available for under €1,000, reflecting their less central location and different demographic profiles.

  • Are rental prices in Sagrada Familia rising, falling, or stable right now?

    Rental prices in Sagrada Familia have seen a notable increase in recent months, influenced by both local and international demand. As of late 2023, the average monthly rent for a one-bedroom apartment in the area has surged to approximately €1,200, reflecting a rise of around 10% compared to the previous year. This upward trend is driven by factors such as the ongoing popularity of the Sagrada Familia basilica, which attracts millions of tourists annually, leading to a higher demand for short-term rentals. Additionally, the gentrification of neighboring districts is pushing renters towards Sagrada Familia, further straining availability. For instance, listings on platforms like Idealista and Fotocasa reveal that two-bedroom apartments are routinely priced between €1,600 and €1,800, indicating strong interest and competition among potential tenants.

  • What factors influence rental prices in Sagrada Familia?

    Rental prices in Sagrada Familia are influenced by a combination of location, demand, amenities, and the overall economic environment. Proximity to the iconic basilica itself typically commands higher rental rates due to its status as a major tourist attraction. Areas adjacent to public transportation hubs, such as the metro stations, also see increased prices, as accessibility is a key factor for renters. The demand for short-term rentals, especially during peak tourist seasons, significantly affects pricing; locals often report spikes during events or holidays. Additionally, properties with modern amenities, such as air conditioning or outdoor spaces, can fetch premium rates. The broader economic landscape, including inflation rates and job opportunities in Barcelona, plays a role as well, as an increasing number of residents may drive up demand for rental units. Lastly, the age and condition of the building can influence price, with newer or recently renovated apartments typically being listed at higher costs compared to older properties needing maintenance.

  • Is it more expensive to rent a furnished or unfurnished apartment in Sagrada Familia?

    Renting a furnished apartment in Sagrada Familia typically costs more than an unfurnished one due to the added convenience and ready-to-use nature of the furnishings. For instance, a one-bedroom furnished apartment can range from €1,200 to €1,600 per month, depending on factors like location and amenities, whereas a similar unfurnished unit might average between €900 to €1,200. The higher price for furnished options can often be attributed to the quality of furniture and appliances included, which may appeal to expatriates or short-term renters. Additionally, furnished apartments often come with utilities included in the rental price, further elevating their cost. In contrast, unfurnished apartments may require additional initial investment from renters to purchase their own furniture, contributing to a lower initial rent but higher overall moving costs.

  • What are some common additional costs associated with renting in Sagrada Familia?

    When renting in Sagrada Familia, tenants should anticipate several additional costs beyond the monthly rent. One of the most common expenses is the community fees, or "gastos de comunidad," which cover maintenance of shared spaces like hallways, elevators, and gardens. These fees can range from €50 to €200 per month, depending on the building's amenities. Additionally, utility costs such as electricity, water, and internet are typically not included in the rent, with average monthly expenses around €100 to €150. Prospective renters should also consider a security deposit, usually equivalent to one to two months' rent, which is refundable at the end of the lease, barring any damages. Lastly, renters might encounter property taxes like the IBI (Impuesto sobre Bienes Inmuebles), which can be between €200 and €500 yearly, contributing to the overall cost of living in this popular Barcelona neighborhood.

  • How much can I expect to pay for utilities when renting in Sagrada Familia?

    When renting in Sagrada Familia, you can expect to pay approximately €100 to €200 per month for utilities, including electricity, water, gas, and internet. Electricity costs can vary significantly based on usage but typically range from €50 to €100 monthly; gas is usually lower, often around €30 to €50, depending on heating needs, especially in winter. Water bills are generally modest, averaging about €30 per month. Internet and phone services might add another €30 to €50 to your monthly expenses. It's worth noting that some rentals may include these utilities in the rent, while others might require separate payments. Keep in mind that larger apartments or those with higher energy demands can push these costs higher.