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Crevillent

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Crevillent insights

AspectSummary
Gross YieldTypically ranges from 4% to 8% depending on the area.
Rental DemandModerate; growing interest among expats and local workers.
Average Rent PriceApprox. €600-€800 for a 2-bedroom apartment.
Vacancy RatesAround 6-10%, varies by neighborhood.
Tenant Turnover RateGenerally low; average lease lengths around 1-2 years.
Operating ExpensesApproximately 30% of rent; includes maintenance and taxes.
Regulation and Rent ControlModerate regulation; no strict rent controls in place.
Furnishing/Unfurnishing Rate45% of rentals are furnished.
Short-Term vs. Long-Term Rental MixPredominantly long-term rentals; short-term gaining popularity.
Local Economic IndicatorsStable economy; growth in tourism and local industries.
Rental Price TrendsModerate annual increase of 3-5%.
Lease TermsCommonly 1-year leases; flexible terms negotiable.
Deposit RequirementsUsually 1-2 months' rent as deposit.
Utilities and Other CostsAverage €150-€200/month for utilities.
Safety and SecurityGenerally safe, with low crime rates; varies by area.

Crevillent FAQ

  • What is the average rent for a one-bedroom apartment in Crevillent?

    The average rent for a one-bedroom apartment in Crevillent typically ranges from €350 to €500 per month. Factors such as location, amenities, and the apartment's condition can significantly influence the price. For instance, a newly renovated apartment close to the town center may command a higher rent, around €450, while a more basic option situated further from the center might be available for about €350. Additionally, prices can vary based on seasonal demand, with some fluctuations during peak tourist months. Tenants should also consider potential extra costs like utilities and community fees, which are not always included in the rent.

  • How much do two-bedroom apartments typically cost in Crevillent?

    In Crevillent, the cost of two-bedroom apartments typically ranges from around €65,000 to €120,000, depending on various factors such as location, condition, and amenities. For instance, a modern apartment near the town center might be priced at approximately €85,000, while an older property a little farther out could be available for around €70,000. Additionally, those looking for a rental option may find monthly prices between €450 and €650, influenced by proximity to local conveniences and the overall demand in the area. Neighborhoods with better access to schools, parks, and public transport tend to be on the higher end of the price spectrum.

  • Are rental prices in Crevillent rising or falling?

    Rental prices in Crevillent have shown a mixed trend recently, reflecting broader economic conditions in the region. According to local real estate agencies, some areas have experienced an increase in rental costs, attributed to rising demand for housing as people relocate to the town for its desirable climate and proximity to coastal tourist hotspots. For instance, properties in the center of Crevillent have seen prices rise by approximately 5% over the past year, with a two-bedroom apartment now averaging around €600 per month. However, other neighborhoods, particularly those further from the town center, are witnessing a slight decline in prices, driven by lower demand and an increase in available rental stock. In such areas, rents have dropped by about 3%, making some properties more affordable compared to previous years. Overall, the rental market is characterized by these contrasting movements, reflecting localized economic factors and shifting tenant preferences.

  • What factors influence rental prices in Crevillent?

    Rental prices in Crevillent are influenced by several factors, including location, property type, and local amenities. Proximity to the town center often commands higher prices, as residents prefer easy access to shops, restaurants, and public transport. For example, properties near the Plaza de la Iglesia tend to be more expensive due to the vibrant atmosphere and convenience. The condition and age of the property also play a crucial role; newly built or recently renovated homes can fetch a premium. Seasonal tourism can affect rental prices as well, with higher demand during the summer months when visitors flock to the area for its climate and nearby beaches, leading to increased short-term rental rates. Additionally, economic factors such as local employment opportunities and overall demand for housing within the region contribute to fluctuations in rental prices.

  • How do rental prices in Crevillent compare to nearby towns?

    Rental prices in Crevillent are generally more affordable compared to nearby towns such as Elche and Alicante. For instance, a two-bedroom apartment in Crevillent typically rents for around €500 per month, whereas in Elche, similar accommodations can cost upwards of €650. In Alicante, the prices can escalate further, with comparable properties often listed at €800 or more. This price difference can be attributed to Crevillent's less tourist-heavy location and smaller scale, making it a more budget-friendly option for those looking to live near the bustling city life while still enjoying a quiet residential environment. Additionally, rental prices in Crevillent can vary depending on the specific neighborhood, with some areas offering even lower rates, while proximity to local amenities and transport links can also influence the cost.

  • Is it cheaper to rent a house or an apartment in Crevillent?

    In Crevillent, the cost of renting a house often tends to be higher than renting an apartment, primarily due to size and location factors. For instance, a three-bedroom house in a quieter suburban area might rent for around €750 per month, while a two-bedroom apartment in the town center could be available for approximately €500. Additionally, houses typically come with more outdoor space, such as gardens or patios, which can also influence rental prices. On the other hand, smaller apartments, particularly those in older buildings, may be more affordable, with monthly rents ranging from €400 to €600 depending on their condition and amenities. Overall, the rental market in Crevillent showcases a range of options that cater to different budgets and preferences, making it essential for potential renters to carefully evaluate their needs.

  • What are the typical utility costs for rental properties in Crevillent?

    Typical utility costs for rental properties in Crevillent can vary based on the size of the apartment or house and the season. On average, electricity bills can range from €60 to €120 per month, largely dependent on usage, especially with air conditioning in the hot summer months. Water bills tend to be more modest, often falling between €30 and €50 monthly. Internet and mobile services usually cost around €30 to €50 each, depending on the package and provider. Additionally, maintaining central heating during cooler months may lead to higher energy costs, potentially pushing total monthly utility expenses to €200 or more for larger families or properties.