Spain: House Prices, Rents, and Rental Yields
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Last Updated: Jul 13, 2009
Unprofitable in Spain
| Last Updated: July 13, 2009 | |||||
| BARCELONA - Apartments | COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 50 sq. m. | 216,600 | 870 | 4.82% | 4,332 | 17.39 |
| 70 sq. m. | 285,880 | 975 | 4.09% | 4,084 | 13.93 |
| 90 sq. m. | 370,260 | 1,116 | 3.62% | 4,114 | 12.40 |
| 120 sq. m. | 518,040 | 1,498 | 3.47% | 4,317 | 12.48 |
| 200 sq. m. | 998,200 | 2,192 | 2.64% | 4,991 | 10.96 |
| MADRID - Apartments | |||||
| 75 sq. m. | 325,350 | 1,046 | 3.86% | 4,338 | 13.95 |
| 120 sq. m. | 471,840 | 1,500 | 3.81% | 3,932 | 12.50 |
| 150 sq. m. | 588,000 | 1,757 | 3.58% | 3,920 | 11.71 |
| 200 sq. m. | 1,010,800 | 2,596 | 3.08% | 5,054 | 12.98 |
| 300 sq. m. | 1,895,700 | 4,362 | 2.76% | 6,319 | 14.54 |
| Madrid: Pozuelo de Alarcon, Las Rozas, Majadahonda, El Viso, and Castellana Barcelona: Ciutat Vella (La Ribera, El Born, Barrio Gotic, and El Raval), L'Eixample (L'Eixample Esquerra Antigua, and L'Eixample Dreta), Gracia, Sarria, Sitges, and Zona Alta (Sarria-Sant Gervasi, Pedralbes,Sant Gervasi, and Tres Torres) Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Renting out continues to be rather unprofitable in Spain.
In Madrid, the gross rental yield on apartments still rather poor at 3.42%, reaching only up to 2.76% for larger apartments of 200-sq. m. and 3.86% for smaller properties of 75-sq. m.
In Barcelona, yields on apartments are slightly higher at 3.73% on average, with a 200-sq. m apartment generating a yield of around 2.64% only. Apartments in Barcelona are just a little less expensive, at €4,368 per sq. m.
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Your Comments
posted by Anastacia Thomas | 2007-04-02
student, Ansbach Germany
i needed Spains per capita rent for a spanish project and it really helped me.
posted by Rob Innis | 2007-06-29
Real estate, Costa Blanca Spain
The Spanish government has announced tax concessions - including zero tax - on certain rental incomes for landlords to encourage more renting of property to ease the situation for Spanish first time buyers given the higher mortgage rates.