Spain

Manacor

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Manacor insights

AspectSummary
Gross YieldApproximately 6-8% depending on the property type.
Rental DemandHigh demand, especially in tourist seasons.
Average Rent Price€700-€1,200/month for apartments.
Vacancy RatesLow, around 5-7% annually.
Tenant Turnover RateModerate; average turnover every 1-2 years.
Operating ExpensesGenerally 20-30% of rental income.
Regulation and Rent ControlMinimal rent control; market-driven prices.
Furnishing/Unfurnishing Rate70% unfurnished, 30% furnished rentals.
Short-Term vs. Long-Term Rental MixBalanced mix; growing trend towards short-term due to tourism.
Local Economic IndicatorsSteady tourism growth, low unemployment.
Rental Price TrendsIncreasing trend year-over-year.
Lease TermsStandard leases are 12 months; flexible terms available.
Deposit RequirementsTypically 1-2 months' rent.
Utilities and Other CostsAdditional €100-€200/month for utilities.
Safety and SecurityGenerally safe; low crime rates in the area.

Manacor FAQ

  • What is the average rental price for a one-bedroom apartment in Manacor?

    The average rental price for a one-bedroom apartment in Manacor is around €600 to €700 per month, depending on the location and amenities. In the city center, prices tend to be a bit higher, often exceeding €700, especially for recently renovated or well-furnished apartments. For example, a modern one-bedroom apartment with sea views may list for around €750, whereas an older apartment in a quieter area could be available for about €550. Additionally, during peak tourist seasons, the rental prices may rise slightly due to increased demand. Overall, while Manacor offers various options, those seeking a one-bedroom apartment should expect to budget accordingly based on their desired location and features.

  • How much does it typically cost to rent a house in Manacor?

    The cost of renting a house in Manacor can vary widely depending on location, size, and amenities. Generally, you might expect to pay around €800 to €1,500 per month for a standard three-bedroom villa within the town or in nearby areas. For example, a newly refurbished house closer to the city center could fetch around €1,200, while a more traditional property slightly further out might be listed at about €900. If you’re considering options with luxury features, such as a private pool or large outdoor spaces, prices can rise significantly, reaching €2,000 or more. Smaller apartments, typically one or two bedrooms, can be more affordable, ranging from €500 to €800 monthly depending on the condition and location within Manacor. Additionally, the rental market may fluctuate with the seasons, especially in summer months when tourism peaks.

  • Are rental prices in Manacor higher in the summer season?

    Rental prices in Manacor do tend to rise during the summer season, largely driven by the influx of tourists seeking to enjoy the beautiful beaches and Mediterranean climate. Properties near the coast or in popular areas often see significant increases in rates, with some rental listings reporting price hikes of 20% to 50% compared to the off-season. For instance, a beachfront apartment that might rent for around €800 per month in the winter could command €1,200 or more during peak summer weeks. Additionally, vacation homes that typically cater to short-term rentals may charge anywhere from €150 to €300 per night in July and August, compared to lower rates of €80 to €150 in the off-season. This trend reflects the broader economic dynamics of supply and demand in tourist-heavy locations in Spain.

  • What factors influence rental prices in Manacor?

    Rental prices in Manacor are influenced by a variety of factors, including location, property type, and seasonal demand. Properties situated close to the town center, with easy access to amenities such as shops, restaurants, and public transport, tend to command higher rents. For instance, a two-bedroom apartment near the main square may see different pricing compared to one located on the outskirts. Additionally, the condition and age of the property significantly impact rental values; newly renovated homes with modern amenities can attract a premium compared to older, less-maintained units. Furthermore, the influx of tourists during the summer months creates a seasonal demand that can drive prices up, especially for short-term rentals. Areas popular for holiday rentals, such as those near beaches or golf courses, might experience steep price fluctuations based on tourist activity.

  • Is it cheaper to rent a long-term property compared to a short-term vacation rental in Manacor?

    In Manacor, long-term rentals often present a more economical option than short-term vacation rentals, particularly for individuals or families planning an extended stay. A long-term rental, typically defined as a lease lasting six months or more, can range from around €700 to €1,200 per month for a standard two-bedroom apartment, depending on location and amenities. In contrast, short-term vacation rentals can charge €80 to €150 per night, which adds up quickly for a week or month. For example, a vacation rental at €100 per night would cost about €3,000 for a 30-night stay, significantly higher than the long-term rental option. Additionally, utilities and internet are often included in long-term rentals, while short-term accommodations may charge extra fees, further increasing costs. Moreover, Manacor’s appeal as a tourist destination during peak seasons can drive short-term rates even higher, making long-term agreements more financially attractive for those looking to settle in the area temporarily.

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

    Rental prices in Manacor generally tend to be lower compared to nearby towns like Palma and Alcúdia. In Manacor, a typical two-bedroom apartment might rent for around €750 to €900 per month, while the same apartment in Palma could easily reach €1,200 or more due to its larger metropolitan area and higher demand. Alcúdia, known for its tourist attractions, sees rental prices in the range of €900 to €1,100, particularly during the peak season. Even in smaller towns like Felanitx, rentals can sometimes be comparable to Manacor, but with less fluctuation based on tourist seasons. Overall, Manacor offers a more affordable option for renters looking for accessibility without the premium prices of bigger towns.

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

    Utility costs for rental properties in Manacor typically include electricity, water, gas, and internet services. On average, tenants can expect to pay around €70 to €120 per month for electricity, depending on usage and the size of the property. Water bills generally range from €30 to €50 each month. For gas, which is often used for heating and cooking, costs can vary widely but typically fall between €20 and €50 monthly. Internet services generally add another €30 to €50 per month, depending on the provider and the speed of the connection. It's also common for landlords to include some utilities in the rental price, while others might require tenants to set up and pay for them directly.