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Sarria Sant Gervasi

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Real estate insights for Sarria Sant Gervasi

AspectSummary
Gross Yield5-7%, depending on property type.
Rental DemandHigh demand due to proximity to amenities and transport.
Average Rent PriceApprox. €1,500-€2,200 per month for a 2-bedroom.
Vacancy RatesLow, generally around 3-5%.
Tenant Turnover RateModerate, about 30% annually.
Operating ExpensesTypically 25-30% of rental income.
Regulation and Rent ControlLimited rent control in place; typically market-driven.
Furnishing/Unfurnishing Rate60% furnished rentals; 40% unfurnished.
Short-Term vs. Long-Term Rental MixPredominantly long-term; short-term growing.
Local Economic IndicatorsStable economy with growth in tech and tourism.
Rental Price TrendsGradually increasing, with 4-6% annual growth.
Lease TermsTypically 1-2 years for long-term leases.
Deposit Requirements1-2 months' rent as security deposit.
Utilities and Other CostsAverage €150-€250 per month for utilities.
Safety and SecurityGenerally safe; low crime rates.

Sarria Sant Gervasi FAQ

  • What is the average rental price in Sarria Sant Gervasi?

    The average rental price in Sarrià-Sant Gervasi varies significantly depending on the specific area and the type of property. As of 2023, one-bedroom apartments typically range from €900 to €1,500 per month, while larger, family-sized apartments with two to three bedrooms can cost anywhere from €1,500 to €2,500 or more, especially in desirable locations near parks and schools. The neighborhood is known for its upscale residences, which often include features like balconies and renovated interiors. For example, a modern two-bedroom apartment near Plaça Molina might list for around €1,800 per month, while a more spacious three-bedroom unit in a quieter part of the district could go for €2,200. Additionally, properties close to public transportation and amenities tend to command higher rents.

  • How have rental prices changed in Sarria Sant Gervasi in the last year?

    Over the past year, rental prices in Sarria Sant Gervasi, a sought-after district in Barcelona, have seen a notable increase, largely driven by high demand and limited supply. According to recent data, monthly rents for two-bedroom apartments have surged by approximately 10% on average, rising from around €1,500 to €1,650. Luxury properties and fully furnished units, particularly those near public transportation and green parks, have experienced even steeper hikes, with some fetching upwards of €2,200. The neighborhood's appeal lies in its blend of residential charm and proximity to corporate offices, which further fuels competition among potential tenants. Landlords are capitalizing on this trend, with listings for new apartments at price points significantly higher than similar units just a year ago.

  • What factors influence rental prices in Sarria Sant Gervasi?

    Rental prices in Sarria Sant Gervasi are influenced by a variety of factors. Firstly, the neighborhood’s reputation as an upscale residential area drives demand; it is known for its quiet streets, green spaces, and proximity to prestigious schools, making it attractive for families and expatriates. Housing stock also plays a crucial role; larger, modern apartments with amenities tend to command higher rents than older, smaller units. Additionally, the availability of transportation options, such as proximity to the FGC train line and various bus routes, can significantly impact prices, as easy access to the city center is a key consideration for renters. The overall economic climate, including employment rates in Barcelona and surrounding areas, also affects rental prices—during periods of economic growth, higher disposable incomes often lead to increased demand for rental properties. Seasonal fluctuations, such as an increase in tourists during summer months, can occasionally affect short-term rental prices, particularly in areas that attract visitors.

  • Are there cheaper neighborhoods within Sarria Sant Gervasi?

    Sarria Sant Gervasi, known for its affluent residential vibe, does contain some neighborhoods that offer more affordable housing options. Areas like Viladomat and La Bonanova are often cited as slightly less expensive than the trendy core, yet they still carry the district's upscale character. The section around Sarria village itself can also present lower-priced rentals compared to the more sought-after spots near the main thoroughfares. Interestingly, some streets in the vicinity of the Finca Güell park provide opportunities for less costly living arrangements. However, even in these neighborhoods, the pricing can vary, influenced by factors such as proximity to public transport, green spaces, and local amenities.

  • Is it more expensive to rent a furnished or unfurnished property in Sarria Sant Gervasi?

    In Sarria Sant Gervasi, renting a furnished property typically comes at a higher price point compared to unfurnished options. This is largely due to the convenience and immediate livability that furnished apartments offer. For instance, a one-bedroom furnished apartment might range between €1,200 and €1,600 per month, depending on the location and quality of furnishings. In contrast, unfurnished one-bedroom units are usually priced around €800 to €1,200, giving tenants the flexibility to personalize their living space at a lower initial cost. Additionally, furnished properties often include utilities and amenities such as Wi-Fi or cleaning services, which can further increase the rental cost. Therefore, while furnished properties provide an attractive, hassle-free option for many renters, the financial implications are significant, reflecting the added value of the furnishings and services provided.

  • What are the typical utility costs in addition to rent in Sarria Sant Gervasi?

    In Sarria Sant Gervasi, typical utility costs in addition to rent can include electricity, water, gas, internet, and municipal taxes. Monthly electricity bills can range from €60 to €100, depending on the size of the apartment and usage. Water costs are generally lower, averaging around €30 to €50 per month. If the apartment uses gas for heating or cooking, that can add another €40 to €80 monthly, particularly during the colder months. High-speed internet usually costs between €40 to €60 a month. Additionally, residents often pay a fixed municipal tax (IBI), which can vary significantly based on the property's value, typically around €300 to €500 annually.

  • How does the rental price in Sarria Sant Gervasi compare to other neighborhoods in Barcelona?

    Sarria Sant Gervasi, known for its affluent residential areas and tranquil atmosphere, generally commands higher rental prices compared to many other neighborhoods in Barcelona. For instance, as of 2023, average monthly rents for a two-bedroom apartment in Sarria Sant Gervasi can range from €1,800 to €2,500, depending on the exact location and amenities offered. In contrast, neighborhoods like El Raval or Poble Sec often see rents between €1,200 and €1,800 for similar properties. Even more central areas such as Eixample might offer competitive pricing, usually between €1,600 and €2,200, but overall, Sarria Sant Gervasi’s appeal, combining greenery and upscale living, tends to keep its rental prices on the higher end of the spectrum. Additionally, the presence of international schools and proximity to parks like Parc de Collserola often contribute to its desirability, further influencing rental costs.