Algarrobo-Costa – Real Estate Investment Overview
Market Overview: Score, Prices and Rental Yields
Market Score
Median Sale Price
| Month | Median Sale Price |
|---|---|
| July | €269,950 |
| August | €281,800 |
| September | €283,000 |
| October | €283,000 |
| November | €289,900 |
| December | €281,500 |
| January | €283,000 |
| February | €284,950 |
| March | €299,000 |
| April | €329,900 |
| May | €312,250 |
| June | €300,000 |
Median Rent Price
| Month | Median Rent Price |
|---|---|
| July | €700 |
| August | €730 |
| September | €750 |
| October | €770 |
| November | €800 |
| December | €850 |
| January | €830 |
| February | €800 |
| March | €800 |
| April | €800 |
| May | €800 |
| June | €830 |
Gross Rental Yield
| Month | Gross Rental Yield |
|---|---|
| July | 3.93% |
| August | 3.97% |
| September | 3.78% |
| October | 3.83% |
| November | 3.87% |
| December | 3.8% |
| January | 3.7% |
| February | 3.78% |
| March | 4.18% |
| April | 4.05% |
| May | 4.12% |
| June | 3.74% |
Square meter cost
| Month | Square meter cost |
|---|---|
| July | €3,330 |
| August | €3,520 |
| September | €3,520 |
| October | €3,540 |
| November | €3,580 |
| December | €3,520 |
| January | €3,580 |
| February | €3,520 |
| March | €3,580 |
| April | €3,840 |
| May | €3,720 |
| June | €3,570 |
Market Breakdown
Listings by property size
| Category | Listings by property size |
|---|---|
| Studio (7%) | 8 listings (7%) |
| 1 bedroom (18%) | 20 listings (18%) |
| 2 bedroom (54%) | 59 listings (54%) |
| 3 bedroom (20%) | 22 listings (20%) |
| 4+ bedroom (0%) | 0 listings (0%) |
Sales Activity Index
Rent Activity Index
Gross Rental Yield
| Category | Gross Rental Yield |
|---|---|
| Studio | 4.44% |
| 1 bedroom | 3.61% |
| 2 bedroom | 3.44% |
| 3 bedroom | 3.69% |
| 4+ bedroom | 0% |
| Category | Gross Rental Yield |
|---|---|
| < 30 m² apartments | 0% |
| 30-40 m² apartments | 0% |
| 40-50 m² apartments | 4.76% |
| 50-60 m² apartments | 2.77% |
| 60-70 m² apartments | 3.82% |
| 70-80 m² apartments | 3.41% |
| 80-90 m² apartments | 4.4% |
| 90-100 m² apartments | 2.63% |
| 100-110 m² apartments | 0% |
| 110-120 m² apartments | 0% |
| 120-130 m² apartments | 0% |
| 130-140 m² apartments | 0% |
| 140-150 m² apartments | 0% |
Square meter cost
| Category | Square meter cost |
|---|---|
| Studio | €4,200 |
| 1 bedroom | €4,560 |
| 2 bedroom | €3,680 |
| 3 bedroom | €3,610 |
| 4+ bedroom | €0 |
| Category | Square meter cost |
|---|---|
| < 30 m² apartments | 0 |
| 30-40 m² apartments | 0 |
| 40-50 m² apartments | 4200 |
| 50-60 m² apartments | 5690 |
| 60-70 m² apartments | 4350 |
| 70-80 m² apartments | 3700 |
| 80-90 m² apartments | 3570 |
| 90-100 m² apartments | 3960 |
| 100-110 m² apartments | 3790 |
| 110-120 m² apartments | 2410 |
| 120-130 m² apartments | 2920 |
| 130-140 m² apartments | 0 |
| 140-150 m² apartments | 0 |
Number of listings for sale
| Category | Number of listings for sale |
|---|---|
| Studio | 1 |
| 1 bedroom | 8 |
| 2 bedroom | 37 |
| 3 bedroom | 19 |
| 4+ bedroom | 0 |
| Category | Number of listings for sale |
|---|---|
| < 30 m² apartments | 0 |
| 30-40 m² apartments | 0 |
| 40-50 m² apartments | 3 |
| 50-60 m² apartments | 4 |
| 60-70 m² apartments | 5 |
| 70-80 m² apartments | 8 |
| 80-90 m² apartments | 19 |
| 90-100 m² apartments | 18 |
| 100-110 m² apartments | 6 |
| 110-120 m² apartments | 1 |
| 120-130 m² apartments | 1 |
| 130-140 m² apartments | 0 |
| 140-150 m² apartments | 0 |
Number of listings for rent
| Category | Number of listings for rent |
|---|---|
| Studio | 7 |
| 1 bedroom | 12 |
| 2 bedroom | 22 |
| 3 bedroom | 3 |
| 4+ bedroom | 0 |
| Category | Number of listings for rent |
|---|---|
| < 30 m² apartments | 0 |
| 30-40 m² apartments | 1 |
| 40-50 m² apartments | 9 |
| 50-60 m² apartments | 9 |
| 60-70 m² apartments | 7 |
| 70-80 m² apartments | 4 |
| 80-90 m² apartments | 10 |
| 90-100 m² apartments | 3 |
| 100-110 m² apartments | 0 |
| 110-120 m² apartments | 0 |
| 120-130 m² apartments | 0 |
| 130-140 m² apartments | 0 |
| 140-150 m² apartments | 0 |
Market Trends
Top submarkets
Potential annual revenue
Studio
1 bedroom
2 bedroom
3 bedroom
Median Sale Price
| Month | 1 bedroom | 2 bedroom | 3 bedroom |
|---|---|---|---|
| July | €186k | €329.5k | €301.5k |
| August | €186k | €285.7k | €325k |
| September | €200k | €291k | €315k |
| October | €200k | €292.5k | €336k |
| November | €199k | €289.9k | €336k |
| December | €196.9k | €287.4k | €321k |
| January | €194.9k | €289.9k | €321k |
| February | €194.9k | €286k | €321k |
| March | €189.9k | €300k | €320k |
| April | €194.9k | €309.5k | €329.9k |
| May | €204.9k | €304k | €319.9k |
| June | €232.5k | €309.5k | €325k |
Median Rent Price
| Month | 1 bedroom | 2 bedroom | 3 bedroom | 4+ bedroom |
|---|---|---|---|---|
| July | €660 | €800 | €890 | -- |
| August | €700 | €800 | €890 | -- |
| September | €700 | €800 | €990 | €1,300 |
| October | €680 | €830 | €1,200 | €1,600 |
| November | €680 | €880 | €1,200 | €1,600 |
| December | €700 | €850 | €850 | €1,500 |
| January | €700 | €850 | €700 | €1,450 |
| February | €730 | €800 | €850 | €1,450 |
| March | €730 | €850 | €3,500 | €1,330 |
| April | €750 | €850 | €3,500 | -- |
| May | €750 | €850 | €2,300 | -- |
| June | €700 | €890 | €1,000 | -- |
Years to profit (sale to rent ratio)
| Month | 1 bedroom | 2 bedroom | 3 bedroom |
|---|---|---|---|
| July | 23.54 | 34.32 | 28.23 |
| August | 22.3 | 29.76 | 30.43 |
| September | 23.81 | 30.31 | 26.65 |
| October | 24.38 | 29.55 | 23.33 |
| November | 24.57 | 27.61 | 23.33 |
| December | 23.45 | 28.18 | 31.47 |
| January | 23.21 | 28.42 | 38.21 |
| February | 22.4 | 29.79 | 31.47 |
| March | 21.83 | 29.41 | 7.62 |
| April | 21.66 | 30.34 | 7.85 |
| May | 22.77 | 29.8 | 11.59 |
| June | 27.68 | 29.06 | 27.08 |
Square meter cost
| Month | 1 bedroom | 2 bedroom | 3 bedroom |
|---|---|---|---|
| July | €4,230 | €4,070 | €3,140 |
| August | €4,130 | €3,530 | €3,390 |
| September | €4,210 | €3,610 | €3,280 |
| October | €4,350 | €3,660 | €3,430 |
| November | €3,980 | €3,560 | €3,430 |
| December | €4,100 | €3,550 | €3,280 |
| January | €4,060 | €3,620 | €3,210 |
| February | €4,240 | €3,580 | €3,340 |
| March | €4,130 | €3,700 | €3,440 |
| April | €4,240 | €3,770 | €3,440 |
| May | €4,270 | €3,730 | €3,550 |
| June | €4,560 | €3,680 | €3,610 |
Investment Insights by Districts
All | 3.74 % | 65 | 44 | €300,000 | €830 |
Studio | 4.44 % | 1 | 7 | €189,000 | €700 |
1 Bedroom | 3.61 % | 8 | 12 | €232,500 | €700 |
2 Bedrooms | 3.44 % | 37 | 22 | €309,500 | €890 |
3 Bedrooms | 3.69 % | 19 | 3 | €325,000 | €1,000 |
4+ Bedrooms | -- % | -- | -- | -- | -- |
Summary and Key Takeaways
With a median rental yield of 3.74% and property prices starting at €189,000, Algarrobo-Costa
may become a good investment option for some investors.
Median property prices in Algarrobo-Costa are €300,000, while the median rent is €830. This means that a median property in Algarrobo-Costa will pay for itself in 30.1 years.
Detailed real estate yield breakdown:
A median Studio apartment: 4.44% yield, sale price €189,000, rent €700.
A median 1-bedroom apartment: 3.61% yield, sale price €232,500, rent €700.
A median 2-bedroom apartment: 3.44% yield, sale price €309,500, rent €890.
A median 3-bedroom apartment: 3.69% yield, sale price €325,000, rent €1,000.
A median 4+ bedroom apartment: --% yield, sale price --, rent --.
Where exactly to buy the property?