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Sta Catalina El Jonquet

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Real estate insights for Sta Catalina El Jonquet

AspectSummary
Gross Yield5-7% annual return on investment depending on property type.
Rental DemandHigh demand due to tourism and local attractions.
Average Rent Price€1,200 - €1,800/month for 1-2 bedroom apartments.
Vacancy RatesAverage vacancy rate around 5-10%.
Tenant Turnover RateModerate turnover, approximately 30% annually.
Operating ExpensesEstimated at 20-30% of rental income.
Regulation and Rent ControlLimited rent control; typically governed by free market.
Furnishing/Unfurnishing Rate60% unfurnished, 40% furnished properties available.
Short-Term vs. Long-Term Rental MixBalanced mix, with increasing popularity for short-term rentals.
Local Economic IndicatorsStrong tourism industry supports rental market.
Rental Price TrendsIncreasing rents, approx. 5% growth year-on-year.
Lease TermsCommon lease terms range from 1 to 5 years.
Deposit RequirementsTypically one month's rent as deposit.
Utilities and Other CostsMonthly utilities average €100-€200.
Safety and SecurityGenerally safe with low crime rate; increasing security measures.

Sta Catalina El Jonquet FAQ

  • What is the average rental price for properties in Sta Catalina El Jonquet?

    The average rental price for properties in Sta Catalina El Jonquet can vary significantly based on the type, size, and location of the property. One-bedroom apartments typically range from €900 to €1,200 per month, while larger two-bedroom apartments may cost between €1,300 and €1,800. Luxury properties with sea views or unique architectural features can push prices even higher, often exceeding €2,500 monthly. Additionally, the demand for short-term rentals has driven up prices in the area, with some listings reaching €150 to €300 per night during peak tourist seasons. Overall, the attractiveness of Sta Catalina El Jonquet, characterized by its vibrant atmosphere and close proximity to amenities, contributes to these rental price trends.

  • How do rental prices in Sta Catalina El Jonquet compare to other neighborhoods?

    Rental prices in Sta Catalina El Jonquet tend to be higher than in some of the neighboring areas, reflecting its desirable location and vibrant atmosphere. The neighborhood is known for its proximity to local markets, restaurants, and nightlife, which attract both locals and tourists. Typically, a one-bedroom apartment in Sta Catalina El Jonquet can range from €1,000 to €1,400 per month, while similar accommodations in nearby neighborhoods like Son Espanyol might cost around €800 to €1,000. In contrast, areas further from the city center, such as El Terreno, often feature rental prices that dip below €800 for comparable properties. This price variation highlights the high demand for housing in Sta Catalina El Jonquet, driven by its unique blend of culture and amenities.

  • Are utilities typically included in the rental price?

    In many rental agreements, utilities are not included in the rental price, which means tenants are responsible for paying for services such as electricity, gas, water, and internet separately. However, some landlords offer packages that include these utilities as part of the monthly rent, particularly in shared accommodations or short-term rentals. For example, a studio apartment in a city might list a rent price that covers both the space and the heating, while internet access remains a separate charge. In contrast, a typical long-term lease might require tenants to set up and manage their own utility accounts, leading to additional expenses that can significantly affect overall housing costs. It's also common for certain utilities, like water and garbage collection, to be included in rent, while tenants must still pay for electricity and gas based on usage. Each rental arrangement can differ greatly depending on the property's type and the local market.

  • What factors influence the rental prices in Sta Catalina El Jonquet?

    Rental prices in Sta Catalina El Jonquet are influenced by several key factors that reflect both local and broader market dynamics. The neighborhood’s proximity to amenities such as shops, restaurants, and historical sites drives demand, particularly among tourists and professionals seeking a vibrant community. Additionally, the area's picturesque views of the Mediterranean and its traditional architecture contribute to its desirability, making properties more appealing and often more expensive. Seasonal fluctuations also play a significant role; during peak tourist months, rental prices typically soar due to increased demand from vacationers. Another factor is the overall economic climate in Spain, which can impact disposable income and housing demand. For example, recent property development projects in the vicinity may have resulted in inflated prices as more investors enter the market, seeking to capitalize on the area's growing popularity.

  • Is there a seasonal variation in rental prices in Sta Catalina El Jonquet?

    In Sta Catalina El Jonquet, rental prices exhibit seasonal variation primarily influenced by tourism trends and local events. During the summer months, particularly from June to August, rental prices tend to spike significantly as tourists flock to the area, attracted by its vibrant atmosphere and cultural festivals. For instance, a one-bedroom apartment that might typically rent for around €800 per month during off-peak seasons can see rates rise to €1,200 or more in peak summer weeks. Conversely, in the winter months, particularly from December to February, prices often drop; the same apartment could be available for as low as €600 per month, reflecting decreased demand. Additionally, events like the annual Fira del Llibre in early May can cause temporary fluctuations, resulting in short-term rentals costing more during the festival compared to regular months.

  • What types of properties are most commonly rented in Sta Catalina El Jonquet?

    In Sta Catalina El Jonquet, the most commonly rented properties include stylish apartments and charming townhouses that embody the area's vibrant character. Many of these properties feature traditional Mediterranean architecture, often showcasing exposed beams, terracotta tiles, and intricate tilework. One can find one- to three-bedroom apartments that come fully furnished, appealing to both short-term vacationers and long-term residents. Townhouses, typically offering multiple levels, may include private terraces with stunning views of the surrounding landscape. Additionally, some properties boast modern amenities such as air conditioning and fully equipped kitchens, catering to the needs of a diverse range of tenants. Renters are often drawn to these homes for their proximity to local markets, cafes, and the waterfront, which enhance the appeal of life in this picturesque neighborhood.

  • Are there any additional fees associated with renting in Sta Catalina El Jonquet?

    Renting in Santa Catalina El Jonquet can include several additional fees that prospective tenants should be aware of. Besides the standard monthly rent, there are often utilities such as electricity, water, and gas that may not be included in the rental price, which can add a significant amount to the monthly budget. Property management fees are another common additional cost, typically ranging from 5% to 10% of the rent, depending on the services provided. Some landlords require a security deposit, usually equivalent to one month's rent, to cover potential damages or unpaid rent. Additionally, if the property is furnished, there may be an extra charge for maintenance or upkeep of the furnishings. Lastly, in certain instances, renters may also find themselves responsible for community fees if the property is part of a shared building or complex, which can vary widely in cost depending on the amenities offered, such as pool maintenance or security services.