Spain: House Prices, Rents, and Rental Yields
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Last Updated: Jun 10, 2008
Yields consistently low in Spain
| Last Updated: June 10, 2008 | |||||
| MADRID1 - Apartments | COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 40 sq. m. | n.a. | 739 | n.a. | n.a. | 18.47 |
| 80 sq. m. | 374,080 | 1,253 | 4.02% | 4,676 | 15.66 |
| 120 sq. m. | 523,800 | 1,604 | 3.67% | 4,365 | 13.37 |
| 160 sq. m. | 782,240 | 1,928 | 2.96% | 4,889 | 12.05 |
| 250 sq. m. | 1,382,750 | 4,563 | 3.96% | 5,531 | 18.25 |
| 350 sq. m. & above | 2,539,250 | n.a. | n.a. | 7,255 | n.a. |
| BARCELONA2 - Apartments | |||||
| 40 sq. m. | 203,480 | 796 | 4.70% | 5,087 | 19.91 |
| 80 sq. m. | 380,560 | 1,321 | 4.16% | 4,757 | 16.51 |
| 120 sq. m. | 602,400 | 1,882 | 3.75% | 5,020 | 15.68 |
| 180 sq. m. | 1,065,060 | 2,826 | 3.18% | 5,917 | 15.70 |
| 1 Madrid Apartments located in Pozuelo de Alarcón, Las Rozas, Majadahonda, El Viso (Chamartin), and Castellana (Salamanca). 2 Barcelona Apartments located in Ciutat Vella (La Ribera, El Born, Barrio Gotic, and El Raval), L'Eixample (L'Eixample Esquerra and L'Eixample Dreta), Gracia, Sarria and the Zona Alta (Sarria-Sant Gervasi, Pedralbes, Sant Gervasi, Tres Torres), and Sitges. Source: Global Property Guide |
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Renting out continue to be not quite profitable in Spain. Gross rental income on Madrid apartments still very poor at 3.65%, reaching only up to 4.02% for smaller apartments of 40 sq. m. Yields on apartments in Barcelona are slightly higher at 3.95% on the average, with a 40-sq. m apartment generating a yield of around 4.7%.
Apartment prices increased at €5,343 per sq. m on the average in Madrid. Barcelona apartments are less expensive at €5,195 per sq. m. Smaller units have lower per sq. m prices.
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Your Comments
posted by Anastacia Thomas | 2007-04-02
student, Ansbach Germany
i needed Spains per capita rent for a spanish project and it really helped me.
posted by Rob Innis | 2007-06-29
Real estate, Costa Blanca Spain
The Spanish government has announced tax concessions - including zero tax - on certain rental incomes for landlords to encourage more renting of property to ease the situation for Spanish first time buyers given the higher mortgage rates.