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San Isidro De Abona

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Real estate insights for San Isidro De Abona

AspectSummary
PopulationApproximately 5,000 residents.
Average Property PriceAround €170,000.
Rental YieldTypically 5-6%.
Average RentAround €750 per month.
Occupancy RateApproximately 85-90%.
Capital Growth RateEstimated at 3-4% annually.
Property TaxBetween 0.4% - 1.1% of property value.
Transaction CostsEstimated at 8-10% of purchase price.
Expected ROIProjected at 8-10% over 5 years.
Economic Growth ImpactModerate growth supported by tourism and local services.

San Isidro De Abona FAQ

  • What is the average price per square meter in San Isidro De Abona?

    The average price per square meter in San Isidro de Abona varies depending on the specific area and property type. As of late 2023, prices generally hover around €1,500 to €2,000 per square meter for residential properties. For instance, newer developments, particularly those with modern amenities and proximity to local services, may reach prices closer to €2,200 per square meter. In contrast, older properties or those situated further from the main town center might be available for around €1,200 to €1,400 per square meter. Factors such as ocean views, access to public transport, and the condition of the property also significantly influence the price.

  • What factors influence real estate prices in San Isidro De Abona?

    Real estate prices in San Isidro de Abona are influenced by multiple factors. One significant element is the locality's proximity to essential amenities such as schools, supermarkets, and healthcare facilities, which enhances the area's appeal to families and retirees alike. The local real estate market is also affected by its geographical location; being near the coast allows for scenic views and access to recreational activities, thus attracting buyers willing to pay a premium. Additionally, the influence of tourism cannot be overlooked; San Isidro serves as a residential option for those working in the nearby tourist-heavy regions, impacting demand. Infrastructure developments, such as improved transportation links to larger cities like Tenerife, further boost property values as they increase accessibility. Lastly, the economic climate plays a role; fluctuations in employment rates and disposable income within the region can lead to changes in purchasing power and, consequently, real estate prices.

  • How do real estate prices in San Isidro De Abona compare to nearby areas?

    Real estate prices in San Isidro de Abona generally tend to be more affordable compared to nearby areas like Los Cristianos and Playa de las Américas. In San Isidro, the average price for a two-bedroom apartment hovers around €120,000 to €150,000, while similar properties in Los Cristianos can range from €200,000 to €300,000. Moreover, while the coastal towns often feature prime ocean views and tourist attractions, San Isidro offers a more residential atmosphere with lower demand, which helps keep prices down. The nearby town of El Médano, known for its beaches and water sports, also sees higher property values, with prices for comparable apartments reaching up to €250,000. This trend highlights San Isidro's positioning as a more economically accessible option in the Tenerife region.

  • Are real estate prices in San Isidro De Abona increasing or decreasing?

    Real estate prices in San Isidro De Abona have shown a mixed trend in recent times. As of 2023, many reports indicate a slight increase in property values, particularly for new developments and modern apartments, which have become increasingly popular among buyers looking for vacation homes or investment properties. For instance, properties close to the coast or those with ocean views have seen appreciation due to heightened demand from both local buyers and foreign investors. Conversely, older properties in less desirable locations may be experiencing stagnation or even a decline in prices, as potential buyers prefer new constructions that offer modern amenities. The overall market dynamics are influenced by the region's evolving infrastructure and ongoing projects aimed at enhancing the area’s appeal, yet economic factors such as rising interest rates could impact future pricing trends.

  • What are the typical property types and their prices in San Isidro De Abona?

    In San Isidro de Abona, the typical property types range from apartments and townhouses to larger villas. One-bedroom apartments generally start around €80,000, while two- and three-bedroom options can range from €100,000 to €250,000, depending on location and amenities. Townhouses often come with small gardens or terraces, with prices typically between €200,000 and €350,000. For those seeking more space, villas in the area can range from €300,000 to over €800,000, particularly if they include private pools or are situated in desirable neighborhoods. The properties often feature traditional Canarian architecture, and many benefit from proximity to local amenities and beautiful coastal views.

  • How does the season affect real estate prices in San Isidro De Abona?

    In San Isidro de Abona, the season significantly influences real estate prices, primarily due to the area's appeal as a year-round tourist destination. During the winter months, when many visitors flock to Tenerife to escape colder climates, demand for short-term rentals increases, leading to a spike in property prices, especially for apartments and villas near the coast. For instance, properties with ocean views often see higher rental yields during this period, as tourists are willing to pay a premium for their accommodations. Conversely, summer months may witness a slight dip in prices, as many locals vacate the area for holidays, reducing demand for long-term rentals and leading sellers to price their homes more competitively. Additionally, seasonal festivals and local events, such as the Feasts of San Isidro in May, can temporarily lift interest in certain properties, impacting market dynamics accordingly.

  • What should I know about property taxes and fees related to real estate in San Isidro De Abona?

    In San Isidro De Abona, property taxes primarily consist of the Impuesto sobre Bienes Inmuebles (IBI), which is an annual tax levied on property owners based on the cadastral value of the property. Local authorities assess this value, and the rates can vary depending on the municipality. Additionally, buyers should be aware of the Impuesto de Transmisiones Patrimoniales (ITP), a transfer tax that is incurred during the purchase of a second-hand property, typically ranging from 6% to 10% depending on the property's value. Alternatively, newly built properties incur the Impuesto sobre el Valor Añadido (IVA), which stands at 10%. Other fees include notary fees and registration costs, which can add another 3% to 4% of the purchase price. Homeowners are also responsible for community fees if the property is part of a homeowners' association, which cover shared expenses for communal areas and maintenance. It's important to budget for these expenses when acquiring real estate in the area.