|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.
#1 SHAWNMICHAEL | October 20, 2014
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#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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