Spain

Torre De La Horadada

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Real estate insights for Torre De La Horadada

AspectSummary
Population2,000 (approximate)
Average Property Price€200,000
Rental Yield5.5%
Average Rent€1,100 per month
Occupancy Rate85%
Capital Growth Rate4% annually
Property Tax0.1% - 0.5% of property value
Transaction Costs8% - 10% of property price
Expected ROI7% - 9%
Economic Growth ImpactModerate positive impact due to tourism and local economy growth

Torre De La Horadada FAQ

  • What are the average real estate prices in Torre De La Horadada?

    The average real estate prices in Torre De La Horadada typically range from around €130,000 for a small apartment to over €300,000 for larger properties and villas. Two-bedroom apartments near the beach can often be found in the €150,000 to €200,000 range, while properties with three bedrooms, especially those with private pools or ocean views, may start at €250,000 and go up to €400,000. Newer developments and luxury listings can exceed €500,000, particularly for homes situated close to the waterfront. The price per square meter generally varies from €1,500 to €2,500, depending on factors such as proximity to the beach, amenities, and the condition of the property.

  • How have real estate prices changed over the past year in Torre De La Horadada?

    Over the past year, real estate prices in Torre De La Horadada have experienced a significant increase, largely driven by rising demand for vacation properties along Spain's coastline. According to local reports, average property prices have surged by approximately 10-15%, with some areas witnessing even steeper hikes. For instance, a two-bedroom apartment near the beach that was listed at around €150,000 last year is now being sold for between €165,000 and €180,000. Additionally, luxury villas in the region have become particularly sought after, with price tags climbing from €300,000 to over €350,000 for similar properties, reflecting the area's appeal as a holiday destination. Several developers have also accelerated new projects, indicating a robust market response to the ongoing demand.

  • What factors affect real estate prices in Torre De La Horadada?

    Several factors influence real estate prices in Torre De La Horadada, a coastal town in Spain. Proximity to the beach is a significant driver, with properties just a short walk from the shore typically commanding higher prices. Additionally, the overall condition and age of the property play crucial roles; newly constructed or recently renovated homes often attract premium prices compared to older, less maintained properties. The local infrastructure also impacts prices; areas with established amenities such as shops, restaurants, and schools tend to see higher demand. Seasonal fluctuations in tourism can also affect market dynamics, as increased interest during the summer months can drive prices up. Furthermore, economic factors such as interest rates and the overall health of the Spanish real estate market contribute to pricing trends, as shifts in these areas can alter buyer purchasing power and investment confidence.

  • Are apartment prices higher than villa prices in Torre De La Horadada?

    In Torre De La Horadada, apartment prices generally tend to be lower than villa prices, reflecting the varying demand and property types in the area. For instance, a two-bedroom apartment near the beach may typically range from €130,000 to €200,000, depending on factors like proximity to the sea and amenities offered. In contrast, villas, particularly those with private pools and larger gardens, often start around €250,000 and can exceed €500,000 for more luxurious options. The appeal of villas for families or those seeking more privacy tends to drive their prices higher. Additionally, seasonal demand can also impact these price differences, with villas seeing a surge in interest during peak holiday months compared to apartments, which might sell more steadily throughout the year. The distinct characteristics of each property type significantly shape their respective market values in this coastal locale.

  • What amenities influence real estate prices in Torre De La Horadada?

    Several amenities significantly influence real estate prices in Torre De La Horadada. Proximity to beautiful beaches, such as Playa de las Higuericas, is a major draw, with properties near the shoreline often commanding higher prices. The area’s well-maintained marina, which offers access to various water sports and boating activities, also enhances property values for those seeking a coastal lifestyle. Furthermore, local services such as supermarkets, restaurants, and healthcare facilities contribute to the desirability of the neighborhood. Access to recreational facilities like parks and sports complexes, along with the presence of international schools, can attract families and expats, further elevating market demand. Additionally, public transport links, including bus routes to nearby towns and airports, play a crucial role in property appraisal.

  • Is it a good time to invest in real estate in Torre De La Horadada?

    Torre De La Horadada, located in the province of Alicante, has garnered attention from real estate investors due to its attractive characteristics, such as its stunning beaches, pleasant climate, and proximity to pivotal amenities like shopping centers and healthcare facilities. In recent years, the area has seen a steady increase in property values, driven by both domestic buyers and foreign investment, particularly from Northern European countries. The local infrastructure is also undergoing improvements, with new roadways and public transport options enhancing accessibility. Furthermore, the growing popularity of Torre De La Horadada as a tourist destination, bolstered by events and festivals, suggests a potential upward trajectory in rental yields for property owners. Investors may want to consider the varied real estate options available, ranging from beachfront apartments to luxury villas, as well as the current market trends that indicate a favorable demand for vacation rentals. With seasonal fluctuations influencing property prices, understanding the timing within the real estate cycle here could impact investment viability.

  • How do seasonal trends impact real estate prices in Torre De La Horadada?

    Seasonal trends significantly influence real estate prices in Torre De La Horadada, particularly due to its appeal as a coastal tourist destination along the Costa Blanca. During the summer months, the influx of tourists drives demand for short-term rentals, pushing property prices higher as investors look to capitalize on peak vacation seasons. For instance, properties near the beach or with ocean views often see increased rental rates, which can elevate their market value. Conversely, during the winter months, when tourism drops, there is typically a decrease in demand for short-term accommodations, resulting in lower rental yields and potentially softer property prices. Additionally, the local real estate market often sees a surge in purchases by international buyers during spring and early summer, as favorable weather conditions and holiday schedules attract prospective homeowners looking to invest or purchase vacation homes. This seasonal fluctuation highlights how the rhythms of tourism and weather impact local property valuations.