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Jul 12, 2014

Spanish rental yields recovering


Last Updated: Jul. 12, 2014
BARCELONA - Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
50 sq. m. 174,400 690 4.74% 3,488 13.79
85 sq. m. 275,995 950 4.13% 3,247 11.18
120 sq. m. 448,200 1,430 3.83% 3,735 11.92
200 sq. m. 816,200 2,284 3.80% 4,081 12.92
MADRID centre Apartments
45 sq. m. 156,510 641 4.92% 3,478 14.25
75 sq. m. 279,675 966 4.14% 3,729 12.88
120 sq. m. 413,040 1,345 3.91% 3,442 11.21
MADRID suburbs Apartments
60 sq. m. 163,860 665 4.87% 2,731 11.08
120 sq. m. 319,560 1,121 4.21% 2,663 9.34
250 sq. m. 663,250 2,273 4.11% 2,653 9.09
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 are slowly recovering.  They are still not high enough to make buying an apartment attractive from the yields perspective, but they are a little better than they were previously.

The gross rental yield for apartments in Barcelona ranges from 3.80% to 4.70%, whereas in the centre of Madrid, rental yields are better, ranging from 3.91% to 4.92%. In Madrid-suburbs, rental yields range from 4.11% to 4.87%.

Prices per square metre (sq. m.) of apartments in Barcelona range from around EUR 3,300 to EUR 4,100. In the heart of Madrid, i.e., Chamartín, Chamberí, Retiro and Salamanca, prices per sq. m. range from around EUR 3,400 to EUR 3,800. 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 2,600 to EUR 2,700.

The centre of Madrid fetches the highest rents per sq. m. Apartments here cost around EUR 11 to EUR to EUR 14 per sq. m. to rent per month or the equivalent monthly rental income of around EUR 970 for a 75-sq. m. apartment.

Apartments in the suburbs of Madrid cost around EUR 9 to EUR 11 per sq. m. to rent per month or the equivalent monthly rental income of around EUR 1,100 for a 120-sq.m. apartment to around EUR 2,300 for a 250-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 950 for a 85-sq. m. apartment, to around EUR 2,300 for a 200-sq.m. apartment.

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

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#2 MICHAEL JOHN | October 29, 2014

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