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Jun 09, 2012

Spanish yields inching up as prices drop

			Last Updated: Jun. 09, 2012
BARCELONA - Apartments	COST (€)		YIELD (p.a.)	PRICE/SQ.M. (€)
BARCELONA - Apartments	TO BUY	MONTHLY RENT	YIELD (p.a.)	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), 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

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, Spain’s largest property website.

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