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Felanitx

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Apartments and houses for rent in Felanitx

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Felanitx insights

AspectSummary
Gross YieldApproximately 5-8% for rental properties.
Rental DemandModerate demand, with peak seasons in summer.
Average Rent PriceAround €800-€1,200 per month for apartments.
Vacancy RatesGenerally low, around 5-7%.
Tenant Turnover RateModerate, typically around 20-25% annually.
Operating ExpensesEstimated at 25-30% of rental income, including maintenance.
Regulation and Rent ControlLimited rent control; leases regulated by standard laws.
Furnishing/Unfurnishing RateHigh rate of unfurnished; some furnished options available.
Short-Term vs. Long-Term Rental MixPredominantly long-term, with increasing short-term rentals.
Local Economic IndicatorsGrowing tourism and agriculture sectors, stable economy.
Rental Price TrendsSteady increase over the past few years, especially in tourist areas.
Lease TermsTypically 1 year for long-term rentals.
Deposit RequirementsUsually equivalent to 1-2 months' rent.
Utilities and Other CostsUtilities average €100-€150 monthly, depending on usage.
Safety and SecurityGenerally safe, with a low crime rate.

Felanitx FAQ

  • What is the price range for one-bedroom apartments in Felanitx?

    The price range for one-bedroom apartments in Felanitx typically varies between €100,000 and €200,000, depending on the location and condition of the property. For instance, a modern apartment in the town center might be listed around €150,000, while a more traditional one located slightly outside can be found for about €120,000. In certain areas, particularly those offering scenic views or proximity to local attractions, prices can even reach up to €180,000. Rental options are also available, with monthly prices ranging from €500 to €800, influenced mainly by the amenities and location within the town.

  • How much can I expect to pay for a villa rental in Felanitx?

    In Felanitx, the cost of renting a villa varies significantly based on factors such as location, size, and amenities. Typically, a basic three-bedroom villa might range from €1,200 to €2,000 per week during the peak summer months. Villas closer to the coast or with private pools can command higher prices, sometimes exceeding €3,000 per week. For instance, a luxurious five-bedroom villa with ocean views might be priced at around €4,500 per week. Off-peak rentals generally offer lower rates, sometimes dropping to €800 to €1,500 per week, depending on the season and property features. Additionally, expect cleaning fees and security deposits to be extra, which can add several hundred euros to the overall cost.

  • What are the average rental prices in Felanitx?

    Average rental prices in Felanitx vary widely depending on the type of accommodation and its location within the town. As of 2023, a one-bedroom apartment in the town center typically rents for around €700 to €900 per month, while similar properties on the outskirts can range from €600 to €800. For larger units, such as three-bedroom apartments, prices generally start at €1,200 and can go up to €1,600, particularly if they come with amenities like a terrace or a pool. Villas and houses with gardens tend to command higher prices, often exceeding €2,000 monthly, especially in more desirable areas near the coast. Seasonal variations also affect rental prices, with higher demand and prices during the summer months when tourism peaks.

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

    Rental prices in Felanitx tend to be more affordable compared to some of the neighboring towns in Mallorca. For instance, average monthly rents for a two-bedroom apartment in Felanitx hover around €750, while in the nearby town of Porto Cristo, the same apartment can cost approximately €900. Similarly, towns like Santanyí report rental prices that can exceed €1,000 for similar properties, driven by their popularity among tourists and seasonal visitors. Conversely, smaller villages around Felanitx, such as S'Horta, might have lower rental prices, averaging around €650, but they often lack the amenities and services found in Felanitx. Additionally, the appeal of Felanitx lies in its local markets and cultural offerings, which can influence demand and pricing dynamics in the area.

  • What factors influence rental prices in Felanitx?

    Rental prices in Felanitx are influenced by several significant factors. One key factor is the location within the municipality; properties closer to the town center or with views of the surrounding countryside generally command higher rents. The type and condition of the property also play a crucial role; modern, well-maintained homes with amenities such as swimming pools or terraces are priced higher than older or less maintained options. Seasonality affects prices as well, with summer months often seeing a spike in demand due to the influx of tourists, which can lead to increased rental costs for short-term stays. Additionally, local economic conditions, including the job market and income levels of residents, can impact what landlords are able to charge. Finally, the level of available rental properties can create a competitive market; in times of low inventory, prices tend to rise, while a surplus of rentals may drive them down.

  • Are rental prices in Felanitx higher during the summer months?

    Rental prices in Felanitx experience a significant increase during the summer months, primarily due to the influx of tourists seeking vacation accommodations. For example, a typical two-bedroom apartment that may cost around €800 per month in the off-peak season can surge to €1,200 or more during the peak summer period. Properties closer to the picturesque beaches or those with desirable amenities like pools often command even higher rates. Local real estate agencies report a rise in short-term rental listings, with many homeowners opting to capitalize on the summer demand. Additionally, areas popular for local events, such as the annual wine festival, see an even sharper spike in rental prices as visitors flock to the region.

  • Are utilities usually included in the rental price in Felanitx?

    In Felanitx, the inclusion of utilities in the rental price can vary significantly depending on the type of property and rental agreement. Many long-term rentals tend to have utilities such as water and electricity included in the monthly rent, especially for furnished apartments or houses aimed at expatriates and tourists. However, more often than not, landlords will specify that tenants are responsible for their own utility bills, which can include electricity, water, internet, and sometimes even garbage collection. For example, a typical apartment in the town center might list a rental price of €800 per month, but additional costs for utilities could add another €100 to €150 per month to the overall expenses. Villas or properties rented for vacation purposes might follow a different trend, where utilities are included for short-term stays but could come with a cap on usage. Potential renters should carefully review the lease agreements to understand which utilities, if any, are covered in the rental price.