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Bergondo

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Bergondo insights

AspectSummary
Population5,000
Average Property Price€150,000
Rental Yield6.5%
Average Rent€900
Occupancy Rate85%
Capital Growth Rate3% per year
Property Tax1.1%
Transaction Costs10% of the property price
Expected ROI8% per year
Economic Growth ImpactModerate growth due to local development initiatives

Bergondo FAQ

  • What are the average home prices in Bergondo?

    Average home prices in Bergondo, a municipality in the province of A Coruña, can vary significantly depending on the location and type of property. As of 2023, prices typically range from around €1,200 to €1,800 per square meter, with some prime residential areas closer to the coastline fetching higher rates. For example, a three-bedroom villa in a quiet neighborhood might be listed for approximately €250,000, while a more modern apartment in a desirable area could cost around €170,000. Properties with larger plots of land, particularly those in rural settings or near local amenities, also tend to hold higher valuation, sometimes exceeding €300,000. Overall, while Bergondo offers a variety of housing options, demand and price points fluctuate based on market trends and local developments.

  • What factors influence real estate prices in Bergondo?

    Several factors influence real estate prices in Bergondo, a municipality in the province of A Coruña, Galicia. One primary factor is the proximity to the coastal areas and the city of A Coruña, which attracts those seeking a balance between rural living and urban amenities. For example, properties closer to the beach or with sea views tend to command higher prices. Additionally, local infrastructure developments, such as improvements in transportation and public services, can impact desirability and property values. The availability of amenities like schools, healthcare facilities, and recreational areas also plays a crucial role in attracting buyers. The overall economic climate in the region, including employment rates and income levels, further affects affordability and demand in the real estate market. Seasonal variations, driven by tourism, can lead to fluctuations in property prices, particularly for vacation homes. Lastly, the historical and cultural significance of the area can enhance its appeal, influencing price dynamics based on buyer perceptions.

  • Are real estate prices in Bergondo increasing or decreasing?

    Real estate prices in Bergondo have shown signs of stabilization in recent years, reflecting broader trends seen in the Galician region. According to data from real estate platforms, average prices per square meter have fluctuated, with some neighborhoods experiencing modest increases while others maintain their values or see slight decreases. For instance, properties near local amenities and the coastline, which tend to attract buyers looking for vacation homes, have retained stronger market value. Conversely, areas further from the coast or lacking modern infrastructure have observed a decline, potentially due to a shift in buyer preferences. Additionally, the impact of the pandemic led to an increased interest in rural properties, contributing to a unique volatility in the market as people seek more space and nature. Local developers have noted an uptick in demand for new housing projects, indicating a mixed market response.

  • How do property prices in Bergondo compare to nearby areas?

    Property prices in Bergondo tend to be more affordable compared to nearby areas such as A Coruña and Ferrol. In Bergondo, the average price per square meter hovers around €1,200, while in A Coruña, it can exceed €2,000, reflecting the higher demand and urban amenities available there. Similarly, Ferrol's prices average close to €1,500 per square meter, which still positions Bergondo as a more cost-effective option for buyers. Additionally, the coastal properties in areas like Sada, located just a short drive away, often command a premium due to their scenic views and tourist appeal, commonly reaching €2,500 per square meter. This pricing dynamic can be attributed to Bergondo's more rural setting, which offers spacious homes and a quieter lifestyle, making it attractive for those seeking value along with accessibility to urban centers.

  • What is the trend in rental prices in Bergondo?

    Rental prices in Bergondo have been experiencing a noticeable upward trend in recent years, largely influenced by its proximity to A Coruña and appealing countryside lifestyle. For instance, average rental prices for a two-bedroom apartment often range between €500 and €700 per month, reflecting an increase compared to previous years. Factors driving this rise include the town’s growing visibility as a desirable location for families and professionals seeking a quieter environment yet close to urban amenities. Additionally, properties near the coastline or with scenic views tend to command higher prices, with some listings exceeding €800 per month. Local amenities, such as schools and recreational areas, further enhance demand, contributing to the overall increase in rental costs. Specific neighborhoods within Bergondo, such as Montrove, are witnessing even steeper price trajectories owing to new developments.

  • How do school districts affect real estate prices in Bergondo?

    School districts play a significant role in shaping real estate prices in Bergondo. Properties located within well-regarded school districts tend to command higher prices as families prioritizing quality education often seek homes in those areas. For instance, homes near the local public schools with higher academic rankings can see price premiums, as parents are willing to invest more for proximity to quality educational institutions. Conversely, areas served by underperforming schools might experience stagnation or depreciation in real estate values, as potential buyers may be deterred from purchasing in those neighborhoods. Additionally, the availability of educational resources, such as extracurricular programs and advanced placement classes, further influences buyer perceptions and, consequently, property values. In Bergondo, neighborhoods adjacent to better-performing schools often attract a mix of family demographics, leading to increased demand and a more competitive housing market.

  • What amenities impact property values in Bergondo?

    In Bergondo, several amenities significantly influence property values. Proximity to essential services like schools, healthcare facilities, and supermarkets often enhances appeal, as families prioritize convenience in their daily lives. Additionally, access to parks and recreational areas, such as the nearby Natural Park of Fragas do Eume, can elevate property desirability due to the outdoor lifestyle it offers. Reliable public transportation links also play an essential role; properties near bus stops or railway stations tend to attract buyers seeking easy commuting options to nearby cities like A Coruña. Furthermore, the presence of cultural amenities, such as local artisan markets or community centers, can enhance the area's charm, making properties more attractive to potential buyers. Lastly, property values may increase in areas that feature modern infrastructure improvements or planned urban developments, which signal growth and investment in the community.