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Santa Lucia De Tirajana

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Real estate insights for Santa Lucia De Tirajana

AspectSummary
Population52,000 (approx.)
Average Property Price€150,000
Rental Yield5.5%
Average Rent€750 per month
Occupancy Rate75%
Capital Growth Rate3% annually
Property Tax0.4% of property value
Transaction Costs8-10% of property price
Expected ROI7.5%
Economic Growth ImpactModerate to strong, driven by tourism

Santa Lucia De Tirajana FAQ

  • What are the average property prices in Santa Lucia De Tirajana?

    Average property prices in Santa Lucia de Tirajana vary depending on the type and location of the property. As of late 2023, prices for apartments typically range from €1,500 to €2,500 per square meter, while more spacious villas or detached houses can be found starting around €2,000 per square meter, sometimes climbing to €3,500 or more for properties with luxury features or prime locations. For instance, a two-bedroom apartment in the town center might list for approximately €150,000–€200,000, whereas a three-bedroom villa on the outskirts could range from €300,000 to €450,000. In general, areas closer to popular amenities like beaches and shopping centers tend to command higher prices, reflecting demand in this attractive region of Gran Canaria.

  • How have real estate prices changed in Santa Lucia De Tirajana over the last year?

    Over the last year, real estate prices in Santa Lucia de Tirajana have seen a significant increase, reflecting broader trends in the Canary Islands. According to recent data, property prices have jumped by approximately 7% in the past twelve months, with some areas experiencing even higher appreciation. For instance, houses in the residential neighborhood of El Salobre, which boasts scenic views and proximity to golf courses, have seen average prices rise from €245,000 to around €263,000. Similarly, two-bedroom apartments in the central district have shifted from €120,000 to about €130,000, driven by heightened interest from both domestic buyers and foreign investors. The rental market has also tightened, with average monthly rents for similar properties increasing by around 10%, reflecting a growing demand for vacation rentals. As a result, the overall market dynamics are shifting, offering a mix of opportunities and challenges for buyers and sellers alike.

  • What factors influence real estate prices in Santa Lucia De Tirajana?

    Real estate prices in Santa Lucia de Tirajana are influenced by a combination of geographic, economic, and social factors. The area's location in Gran Canaria, known for its mild climate and beautiful landscapes, plays a significant role; properties with scenic views or proximity to natural attractions tend to fetch higher prices. Additionally, the local economy, driven by tourism, agriculture, and services, creates demand for housing, particularly in areas favored by tourists for either short-term stays or long-term investment. Property sizes and types also impact prices, with larger villas generally costing more than smaller apartments. Furthermore, the availability of amenities such as schools, healthcare, and recreational facilities can raise property values. For instance, homes closer to the center of Santa Lucia with easy access to shopping and dining options are usually priced higher than those in more remote locations.

  • Are property prices in Santa Lucia De Tirajana higher in certain neighborhoods?

    Property prices in Santa Lucia de Tirajana vary significantly from one neighborhood to another, reflecting the distinct characteristics and amenities of each area. For instance, neighborhoods like El Salobre tend to command higher prices due to their proximity to upscale golf courses and luxury villas, attracting buyers seeking a premium lifestyle. Conversely, areas such as La Cornisa may offer more affordable options, appealing to families and first-time buyers, yet might lack the same level of amenities. Additionally, neighborhoods close to the coast, like Playa del Inglés, often see inflated property prices due to their desirability among tourists and expatriates. Meanwhile, regions further inland, while more economical, may not provide the same access to recreational facilities or the vibrant local culture found nearer to the coast. Factors such as local infrastructure, access to schools, and community services also play a role in the price differential across various neighborhoods in Santa Lucia de Tirajana.

  • What is the typical price range for a house in Santa Lucia De Tirajana?

    The typical price range for a house in Santa Lucia de Tirajana varies significantly depending on location, size, and condition of the property. As of recent data, prices for smaller apartments can start around €80,000, while more spacious single-family homes might range from €150,000 to €300,000. For example, a three-bedroom house in a residential area could be priced at approximately €250,000, while luxury villas with larger plots and better amenities can exceed €500,000. In more rural parts of Santa Lucia, it is possible to find properties under €100,000, particularly those that may require some renovation. Overall, the diversity in housing options makes it a versatile market for different budgets.

  • How do property prices in Santa Lucia De Tirajana compare to nearby areas?

    Property prices in Santa Lucia de Tirajana tend to be more affordable compared to nearby areas such as Maspalomas and Playa del Inglés. As of 2023, the average price per square meter in Santa Lucia hovers around €1,300, reflecting a more budget-friendly option for buyers. In contrast, properties in Maspalomas can reach up to €2,500 per square meter, influenced by its tourism-driven market and proximity to the coast. Playa del Inglés follows a similar trend, often exceeding €2,000 per square meter due to its vibrant nightlife and beach appeal. The more rural and residential nature of Santa Lucia contributes to its lower prices, making it attractive for those seeking a quieter lifestyle while still being within a reasonable distance of the busier coastal towns. Specific neighborhoods within Santa Lucia, such as Vecindario, offer further variations, where recent developments have slightly raised local prices yet remain competitive compared to coastal counterparts.

  • What are the expected trends for real estate prices in Santa Lucia De Tirajana?

    Real estate prices in Santa Lucia de Tirajana are expected to reflect a mix of factors, including ongoing tourist interest and local economic developments. As a popular destination within Gran Canaria, the area benefits from a steady influx of visitors, which has historically driven demand for rental properties and second homes. Recent data suggests a moderate increase in prices due to improved infrastructure and amenities, such as new shopping centers and recreational facilities. Additionally, the regional government's investment in sustainable tourism initiatives may further enhance the attractiveness of the area, influencing market dynamics. For example, properties in close proximity to nature reserves or coastal areas might see a sharper rise in value compared to those located inland. These trends could lead to a competitive market, particularly for residential units catering to both local families and international buyers.