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Jul 11, 2013

Spanish yields still not enough to encourage buyers


Last Updated: Jun. 11, 2013
BARCELONA - Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
50 sq. m. 193,800 683 4.20% 3,896 13.65
75 sq. m. 251,400 845 4.03% 3,352 11.27
120 sq. m. 453,120 1,291 3.42% 3,776 10.76
200 sq. m. 898,800 2,124 2.84% 4,494 10.62
MADRID centre Apartments
45 sq. m. 161,100 640 4.77% 3,580 14.22
75 sq. m. 251,025 942 4.50% 3,347 12.56
120 sq. m. 435,600 1,423 3.92% 3,630 11.86
200 sq. m. 821,600 2,444 3.57% 4,108 12.22
MADRID suburbs Apartments
75 sq. m. 220,800 762 4.14% 2,944 10.16
120 sq. m. 324,960 1,043 3.85% 2,708 8.69
160 sq. m. 454,880 1,405 3.71% 2,843 8.78
225 sq. m. 650,475 1,838 3.39% 2,891 8.17
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

Prices per square metre (sq. m.) of apartments in Barcelona range from around EUR 3,400 to EUR 4,500. In the heart of Madrid, i.e., Chamartín, Chamberí, Retiro and Salamanca, prices per sq. m. range from around EUR 3,300 to EUR 4,000. 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 2,700 to EUR 3,000.

The centre of Madrid fetches the highest rents per sq. m. Apartments here cost around EUR 12 to EUR to EUR 14 per sq. m. to rent per month or the equivalent monthly rental income of around EUR 900 for a 75-sq. m. apartment, to around EUR 2,400 for a 200 –sq. m. apartment.

In Barcelona, rents per sq. m. per month range from around EUR 11 to EUR 14 or the equivalent monthly rental income of around EUR 700 for a 75-sq. m. apartment, to around EUR 2,100 for a 200-sq.m. apartment.

Apartments in the suburbs of Madrid cost around EUR 8 to EUR 10 per sq. m. to rent per month or the equivalent monthly rental income of around EUR 800 for a 75-sq.m. apartment to around EUR 1,800 for a 225-sq. m. apartment.

The gross rental yield for apartments in Barcelona ranges from 2.84% to 4.20%, whereas in the centre of Madrid, rental yields are better, ranging from 3.57% to 4.77%. In Madrid-suburbs, rental yields range from 3.39% to 4.14%.






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