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Jul 09, 2016

Spanish rental yields continue to recover


Last Updated: Jul. 09, 2016
BARCELONA - Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
50 sq. m. 248,500 1,012 4.89% 4,970 20.24
120 sq. m. 531,720 1,771 4.00% 4,431 14.76
180 sq. m. 882,540 2,882 3.92% 4,903 16.01
MADRID centre Apartments
50 sq. m. 214,700 845 4.72% 4,294 16.90
120 sq. m. 529,080 1,856 4.21% 4,409 15.47
180 sq. m. 844,920 2,786 3.96% 4,694 15.48
MADRID suburbs Apartments
50 sq. m. 141,300 619 5.25% 2,826 12.37
120 sq. m. 334,680 1,156 4.14% 2,789 9.63
180 sq. m. 524,700 1,946 4.45% 2,915 10.81
Barcelona: Eixample, Gràcia, Les Corts, Sarrià-Sant Gervasi
Madrid Centre: Chamartín, Chamberí, Retiro, Salamanca
Madrid Suburbs: Las Rozas, Majadahonda, Pozuelo de Alarcón
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Gross rental yields on property in Spain continue to recover.  In some places in Spain, but only for the smallest sized apartments, buying an apartment is now attractive from a yields perspective, which is a completely new situation for Spain.

Prices of apartments. Prices per square metre (sq. m.) of apartments in Barcelona range from around EUR 4,400 to EUR 5,000. In the heart of Madrid, i.e., Chamartín, Chamberí, Retiro and Salamanca, prices per sq. m. range from around EUR 4,300 to EUR 4,700. In nearby upscale suburbs of Madrid such as Las Rozas, Majadahonda and Pozuelo de Alarcón, apartments are cheaper, with prices per sq. m. ranging from around EUR 2,800 to EUR 2,900.

Rents of apartments. Barcelona fetches the highest rents per sq. m. Apartments here cost around EUR 14.70 to EUR 20,25 per sq. m. to rent per month or the equivalent monthly rental income of around EUR 1,700 for a 120-sq. m. apartment.

Apartments in central Madrid cost around EUR 15.50 to EUR 17 per sq. m. to rent per month or the equivalent monthly rental income of around EUR 1,850 for a 120-sq.m. apartment.

For apartments in suburban Madrid, rents per sq. m. per month range from around EUR 9.60 to EUR 12 or the equivalent monthly rental income of around EUR 1,150 for a 120-sq. m. apartment.

Rental returns. The gross rental yield for apartments in Barcelona ranges from 3.90% to 5.00%, and in the centre of Madrid, rental yields are similar, ranging from 3.90% to 4.70%. In Madrid-suburbs, rental yields range from 4.15% to 5.25%.

Conclusion: All these yields figures are better than last year, which was better than the previous year. Spain is once again beginning to look a possible investment destination.

When buying property, take into consideration that round-trip transaction costs are moderate to high in Spain. See our Property transaction costs analysis in Spain and Residential property transaction costs in Spain, compared to the rest of Europe.






Comments

#1 SHAWNMICHAEL | October 20, 2014

Many people from all around the world trying to get the best home for their living. It is great if someone is looking for their in home and trying to find it early. Many homes for sale Sedona AZ and you can get the desire one according to your own choice.

#2 MICHAEL JOHN | October 29, 2014

Your property analysis is attractive and the rates and percentages you show in your article provides the clear facts of the property value and with this, help many real estate professionals can get the idea from this post if they have someone to buy or sell their property. Sedona AZ real estate professionals are also interested in such real estate property guide and I do agree with Shawn too.

#3 GUSTAVO | June 12, 2016

Prices are definitely recovering after too many years of recession. The huge property stock held by banks have undermined the market prices. Since end 2014 and also 2015 Investing in Spanish property was more of finding bank repos in end 2015 and beginning of 2016 we can see that non bank property are changing hands and prices are stable and on the upside month after month. finding the right property are like kisses..location location location Invest in Spain Real Estate are here to help. Thanks for a great site with so much interesting info.

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