|
Last Updated: Jun. 09, 2012 |
| BARCELONA - Apartments |
COST () |
YIELD (p.a.) |
PRICE/SQ.M. () |
| TO BUY |
MONTHLY RENT |
TO BUY |
MONTHLY RENT |
| 70 sq. m. |
278,600 |
917 |
3.95% |
3,980 |
13.10 |
| 120 sq. m. |
485,520 |
1,404 |
3.47% |
4,046 |
11.70 |
| 200 sq. m. |
975,200 |
2,676 |
3.29% |
4,876 |
13.38 |
| MADRID centre Apartments |
|
| 75 sq. m. |
391,650 |
1,171 |
3.59% |
5,222 |
15.61 |
| 120 sq. m. |
561,960 |
1,865 |
3.98% |
4,683 |
15.54 |
| 160 sq. m. |
803,520 |
2,142 |
3.20% |
5,022 |
13.39 |
| 275 sq. m. |
1,565,300 |
3,749 |
2.87% |
5,692 |
13.63 |
| MADRID suburbs Apartments |
|
| 70 sq. m. |
223,090 |
807 |
4.34% |
3,187 |
11.53 |
| 120 sq. m. |
350,760 |
1,141 |
3.90% |
2,923 |
9.51 |
| 160 sq. m. |
490,080 |
1,509 |
3.69% |
3,063 |
9.43 |
| 275 sq. m. |
822,525 |
2,552 |
3.72% |
2,991 |
9.28 |
Madrid: Pozuelo de Alarcon, Las Rozas, Majadahonda, El Viso, and Castellana
Barcelona: Ciutat Vella (La Ribera, El Born, Barrio Gotic, and El Raval), LŽEixample (LŽEixample Esquerra Antigua, and LŽEixample 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 |
Gross rental yields in Spain remain low, but seem to be edging up as prices fall. Apartments in the centre of Barcelona earn rental yields ranging from 3.29% to 3.95%. Smaller apartments tend to earn higher rental returns.
Apartments in the centre of Madrid tell the same story; rental yields are also poor, ranging from 2.87% to 3.98%. However, apartments in the upscale suburbs of central Madrid such as Las Rozas, Majadahonda, and Pozuelo de Alarcon earn higher rental yields, ranging from 3.69% to 4.34%.
In June 2012, prices per square metre (sq. m.) in Barcelona dropped by 13.8% year-on-year (y-o-y), while in Madrid, the drop has been less severe at only 8.4%, according to the second quarter report of Idealista, Spains largest property website.