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Sant Antoni

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Real estate insights for Sant Antoni

AspectSummary
Gross YieldTypically between 4% to 6%.
Rental DemandHigh demand due to location and amenities.
Average Rent PriceApproximately €1,200 to €1,800 for 1-2 bedroom units.
Vacancy RatesLow vacancy rates around 5%.
Tenant Turnover RateModerate, around 30% annually.
Operating ExpensesAround 25-30% of rental income.
Regulation and Rent ControlModerate controls; rent increase limits apply.
Furnishing/Unfurnishing RateMostly unfurnished; fully furnished available at a premium.
Short-Term vs. Long-Term Rental MixBalanced; both are popular options.
Local Economic IndicatorsGrowing local economy with low unemployment.
Rental Price TrendsIncreasing rents due to demand.
Lease TermsCommonly 1 year but flexible options available.
Deposit RequirementsTypically 1-2 months' rent.
Utilities and Other CostsAverage €150-€300 monthly including internet.
Safety and SecurityGenerally safe with low crime rates.

Sant Antoni FAQ

  • What amenities can affect the rental price in Sant Antoni?

    In Sant Antoni, various amenities can significantly influence rental prices. Proximity to the beach typically commands higher rents; for instance, properties within walking distance to popular spots like Caló des Moro are often more expensive. Access to public transportation, such as the metro or bus routes, also affects pricing—apartments near key transport hubs generally see a premium. Additionally, availability of amenities like pools, gyms, and communal gardens can elevate costs, particularly in newer developments or luxury complexes. For example, a flat in a building with a rooftop terrace and sea views will likely attract a higher rent compared to one without such features. Local services, including grocery stores, restaurants, and cafes, contribute to desirability—areas with a vibrant dining scene or proximity to markets can justify increased rental prices.

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

    The average rental price for a one-bedroom apartment in Sant Antoni typically ranges from €1,200 to €1,800 per month. Prices can vary significantly based on the specific location within the neighborhood and the amenities offered. For instance, a modern apartment near the bustling Plaça del Sol may command around €1,700, while a more modest flat located a bit further from the main squares might be priced closer to €1,200. Additionally, factors such as whether the apartment comes fully furnished and its proximity to public transportation can also influence the rental costs. Overall, the rental market in Sant Antoni reflects a blend of central urban lifestyle and local charm, driving demand and prices in this vibrant part of the city.

  • How do rental prices in Sant Antoni compare to nearby neighborhoods?

    Rental prices in Sant Antoni tend to be higher compared to nearby neighborhoods like Eixample and Poble-sec. For instance, a one-bedroom apartment in Sant Antoni often ranges from €1,200 to €1,500 per month, reflecting its trendy atmosphere and proximity to the vibrant nightlife and dining scene. In contrast, Eixample, known for its architecture and more residential feel, generally sees prices around €1,000 to €1,300 for similar one-bedroom units. Poble-sec, while slightly more affordable, still offers competitive prices, with rentals usually between €900 and €1,200. However, the appeal of Sant Antoni's local markets, such as Mercat de Sant Antoni, and its cultural offerings largely contribute to the premium rental prices in the area.

  • What factors influence the rental prices in Sant Antoni?

    Several factors influence the rental prices in Sant Antoni. The neighborhood's popularity, particularly among tourists and locals seeking vibrant nightlife, significantly raises demand for rental properties. For instance, proximity to iconic landmarks like the Sant Antoni Market, which has undergone recent renovations, can boost rental prices due to increased foot traffic and interest. Additionally, the average income levels in the area play a role; as more professionals move into the region, they drive up prices. Seasonality also affects rentals, especially during summer months when tourism peaks, leading landlords to increase rents temporarily. Lastly, the type and condition of the property itself — modern apartments with updated amenities tend to command higher prices compared to older buildings in need of renovation — are crucial in determining rental costs in Sant Antoni.

  • Are rental prices in Sant Antoni seasonal or stable throughout the year?

    Rental prices in Sant Antoni, a popular district in Ibiza, tend to be highly seasonal, reflecting the area's fluctuating tourist influx. During the peak summer months, particularly in July and August, rental prices can surge significantly, often doubling compared to the quieter winter months. For instance, a two-bedroom apartment that might command around €1,200 per month during the off-season could easily reach €2,500 or more during high season, driven by the demand from vacationers and the vibrant local nightlife. Additionally, even in the shoulder seasons of late spring and early autumn, prices remain elevated but are generally lower than the summer peaks. However, from November to March, many properties may see their rental costs stabilize or decrease as tourists leave and residents make up the majority of the population, leading to a notable seasonal variation in the rental market.

  • Is there a price difference between furnished and unfurnished apartments in Sant Antoni?

    In Sant Antoni, there is typically a noticeable price difference between furnished and unfurnished apartments. Furnished apartments often command higher rental rates, with premiums ranging from 10% to 30% depending on the quality of the furnishings and amenities provided. For instance, a one-bedroom furnished apartment might be listed at around €1,200 per month, while an unfurnished counterpart could cost approximately €900 to €1,000. The appeal of furnished options includes immediate accessibility and convenience, catering primarily to expats and short-term renters. Conversely, unfurnished apartments tend to attract long-term residents who prefer to personalize their space, leading to a generally lower upfront cost. Additionally, the overall maintenance and utility costs may vary, as some furnished apartments include services like weekly cleaning or utilities in the total price.

  • What is the typical rental price range for multi-bedroom apartments in Sant Antoni?

    In Sant Antoni, the typical rental price range for multi-bedroom apartments varies significantly based on factors such as location, size, and the condition of the property. As of late 2023, you can expect to pay between €1,800 to €3,500 per month for a three-bedroom apartment. For example, a renovated apartment close to the bustling commercial areas might be listed at around €2,800, while a slightly older unit located a bit further from the main attractions could be around €2,200. Larger apartments with four or more bedrooms can see prices starting from €3,000 and going up to €5,000 or more, especially if they offer added amenities like terraces or access to community facilities.