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Torrox Costa

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Real estate insights for Torrox Costa

AspectSummary
Gross YieldApproximately 4-6% depending on property type.
Rental DemandHigh demand due to tourism and expat community.
Average Rent PriceAverage €600-€800/month for apartments.
Vacancy RatesLow, averaging around 5-7%.
Tenant Turnover RateModerate, about 15-20% annually.
Operating ExpensesTypically 20-30% of rental income.
Regulation and Rent ControlLimited rent control; regulations favor landlords.
Furnishing/Unfurnishing RateMostly unfurnished; furnished properties more common in tourist areas.
Short-Term vs. Long-Term Rental MixGrowing short-term rental market, but long-terms are stable.
Local Economic IndicatorsStable local economy with tourism as key sector.
Rental Price TrendsUpward trend due to increased demand.
Lease TermsTypical rentals range from 6 months to 1 year.
Deposit Requirements1-2 months’ rent typically required.
Utilities and Other CostsUtilities average €100-€150/month.
Safety and SecurityGenerally safe; low crime rates in residential areas.

Torrox Costa FAQ

  • What is the average rental price for an apartment in Torrox Costa?

    The average rental price for an apartment in Torrox Costa varies based on factors like location and size. Typically, you might find one-bedroom apartments ranging from around €500 to €800 per month, especially if they are close to the beach. Larger two-bedroom apartments can average between €800 and €1,200, with higher prices often seen for those offering sea views or modern amenities. For instance, a beachfront property with two bedrooms might be listed at €1,300, while a more modest option a little further from the coast could be available for €750. Long-term rentals tend to be more affordable than short-term vacation rentals, which can escalate significantly during peak tourist seasons.

  • How much does it cost to rent a beachfront property in Torrox Costa?

    Renting a beachfront property in Torrox Costa typically varies based on factors such as size, location, and amenities. For a one-bedroom apartment, prices can range from around €600 to €1,200 per month, while two-bedroom options may fall between €800 and €1,800. Luxury villas or larger apartments with direct beach access can command higher prices, often exceeding €2,500 monthly, especially during peak tourist seasons. Properties with additional features like pools, modern kitchens, or proximity to local attractions can further influence rental costs. Short-term rentals may also show significant price variation, with weekly rates ranging from €300 to €1,600, depending on the season and property specifications.

  • Are rental prices in Torrox Costa higher during the summer season?

    Rental prices in Torrox Costa tend to rise during the summer season due to increased demand from tourists. The picturesque coastal town, known for its sunny beaches and cultural attractions, attracts a significant number of visitors from around the world between June and September. For instance, a one-bedroom apartment that may rent for around €500 per month in the off-peak seasons can see prices soar to €800 or more during peak tourist months. Similarly, larger properties or villas, which can be rented for approximately €1,200 off-season, might easily reach €2,000 or higher in July and August. This surge in rental costs is largely attributed to the limited availability of accommodations coupled with the influx of vacationers looking for short-term stays along the Mediterranean coast.

  • What are the typical costs for a long-term rental in Torrox Costa?

    Typical costs for long-term rentals in Torrox Costa can vary significantly based on the property type and location. For a one-bedroom apartment, you might expect to pay between €500 and €800 per month, while two-bedroom apartments generally range from €700 to €1,200. Properties closer to the beachfront tend to be pricier, with ocean views pushing rents higher. For example, a two-bedroom apartment with sea views might go for €1,000, while similar accommodations located a bit inland may be closer to €700. Many rental agreements require a deposit equivalent to one or two months’ rent, and some landlords may include utilities in the rent, while others might charge them separately. Overall, renting in Torrox Costa can provide a variety of options depending on budget and preferences.

  • Do rental prices in Torrox Costa include utilities?

    In Torrox Costa, rental prices often vary in terms of whether utilities are included, depending on the property and the landlord. Many long-term rentals may have utilities such as water, electricity, and internet included in the monthly rent, making it easier for tenants to budget their expenses. However, it's common for some landlords to charge a lower base rent but require tenants to pay for utilities separately. For instance, a typical one-bedroom apartment might be listed at €600 per month, with utilities included, while another similar apartment might be available for €500 with an additional average monthly utility cost of around €100-€150. Prospective renters should always clarify the specifics of the rental agreement and whether utilities are part of the overall rental price before signing any contracts.

  • How do rental prices in Torrox Costa compare to nearby towns?

    Rental prices in Torrox Costa generally reflect its appeal as a coastal destination, often costing slightly less than in neighboring towns such as Nerja and Frigiliana, which are more established tourist hotspots. In Torrox Costa, a one-bedroom apartment can range from €500 to €700 per month, depending on location and amenities. In contrast, similar accommodations in Nerja may start around €600, often reaching up to €900 for properties near the beach. Frigiliana, known for its picturesque village charm, usually sees rental prices starting at about €700 for a one-bedroom. Larger villas in Torrox Costa can be found in the €1,200 to €1,800 range, while comparable properties in Nerja can exceed €2,000. Overall, while Torrox Costa offers competitive rental options, its prices are influenced by factors such as proximity to the beach and local amenities.

  • Are there any additional fees associated with renting in Torrox Costa?

    When renting in Torrox Costa, potential tenants should be aware of several additional fees that may apply beyond the base rental price. Common fees include a security deposit, typically equivalent to one or two months' rent, which is returned at the end of the lease, provided there is no damage to the property. Additionally, many landlords charge a one-time administration fee, which could range from €100 to €300, depending on the rental agency or service used. Utility costs, such as water, electricity, and internet, may not be included in the rent and can add a significant amount to monthly expenses, often between €100 and €200 combined. Furthermore, some properties may have community fees if part of a condominium or housing complex, which typically cover maintenance of shared areas and can vary widely based on amenities. Tenants should clarify all these potential costs before signing a lease to avoid unexpected financial burdens.