Gross rental yields in Spain: Barcelona and 7 other cities
The average gross rental yield in Spain stands at 6.09% (2023, Q3).
- Madrid
- Barcelona
- Valencia
- Cordoba
- Seville
- Alicante
- Palma de Mallorca
- Murcia
| Last Updated: Aug 16, 2022 | |||
| MADRID - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| Studio | €185,000 | €950 | 6.16% |
| 1-Bedroom | €249,000 | €1,400 | 6.75% |
| 2-Bedroom | €600,000 | €2,000 | 4.00% |
| 3-Bedroom | €829,000 | €2,600 | 3.76% |
| 4+Bedroom | €859,000 | €3,300 | 4.61% |
| Barrio de Salamanca | |||
| Studio | €300,000 | €1,100 | 4.40% |
| 1-Bedroom | €360,000 | €1,500 | 5.00% |
| 2-Bedroom | €679,000 | €2,347 | 4.15% |
| 3-Bedroom | €1,100,000 | €3,300 | 3.60% |
| 4+Bedroom | €1,750,000 | €4,790 | 3.28% |
| Carabanchel | |||
| 1-Bedroom | €165,000 | €850 | 6.18% |
| 2-Bedroom | €170,000 | €1,200 | 8.47% |
| 3-Bedroom | €189,000 | €1,085 | 6.89% |
| 4+Bedroom | €290,000 | €1,450 | 6.00% |
| Chamberi | |||
| Studio | €230,000 | €900 | 4.70% |
| 1-Bedroom | €280,250 | €1,500 | 6.42% |
| 2-Bedroom | €526,585 | €1,800 | 4.10% |
| 3-Bedroom | €799,000 | €2,717 | 4.08% |
| 4+Bedroom | €1,050,000 | €3,000 | 3.43% |
| Ciudad Lineal | |||
| Studio | €190,000 | €825 | 5.21% |
| 1-Bedroom | €199,800 | €950 | 5.71% |
| 2-Bedroom | €240,000 | €1,200 | 6.00% |
| 3-Bedroom | €250,000 | €1,400 | 6.72% |
| 4+Bedroom | €625,000 | €2,000 | 3.84% |
| Puente de Vallecas | |||
| 1-Bedroom | €133,000 | €800 | 7.22% |
| 2-Bedroom | €135,500 | €850 | 7.53% |
| 3-Bedroom | €158,500 | €980 | 7.42% |
| Tetuán | |||
| Studio | €190,000 | €828 | 5.23% |
| 1-Bedroom | €223,996 | €1,190 | 6.38% |
| 2-Bedroom | €297,000 | €1,500 | 6.06% |
| 3-Bedroom | €502,000 | €1,998 | 4.78% |
| 4+Bedroom | €799,000 | €2,825 | 4.24% |
| Chamartin | |||
| Studio | €199,000 | €1,050 | 6.33% |
| 1-Bedroom | €370,000 | €1,300 | 4.22% |
| 2-Bedroom | €485,000 | €1,800 | 4.45% |
| 3-Bedroom | €642,000 | €2,323 | 4.34% |
| 4+Bedroom | €1,280,000 | €3,600 | 3.38% |
| Madrid avg. Rental Yields | 5.27% | ||
| BARCELONA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Eixample | |||
| Studio | €195,000 | €1,350 | 8.31% |
| 1-Bedroom | €335,000 | €1,850 | 6.63% |
| 2-Bedroom | €496,500 | €2,293 | 5.54% |
| 3-Bedroom | €529,000 | €2,495 | 5.66% |
| 4+Bedroom | €595,000 | €2,800 | 5.65% |
| Ciuatat Vella | |||
| Studio | €175,000 | €1,095 | 7.51% |
| 1-Bedroom | €239,000 | €1,300 | 6.53% |
| 2-Bedroom | €369,000 | €1,800 | 5.85% |
| 3-Bedroom | €360,000 | €1,950 | 6.50% |
| 4+Bedroom | €550,000 | €2,999 | 6.54% |
| Sant Martí | |||
| 1-Bedroom | €237,000 | €1,695 | 8.58% |
| 2-Bedroom | €277,000 | €1,850 | 8.01% |
| 3-Bedroom | €319,900 | €2,325 | 8.72% |
| 4+Bedroom | €395,000 | €3,025 | 9.19% |
| Sarrià-Sant Gervasi | |||
| Studio | €250,000 | €1,250 | 6.00% |
| 1-Bedroom | €427,250 | €1,500 | 4.21% |
| 2-Bedroom | €570,000 | €2,000 | 4.21% |
| 3-Bedroom | €722,500 | €2,550 | 4.24% |
| 4+Bedroom | €1,100,000 | €3,300 | 3.60% |
| Sants-Montjuïc | |||
| Studio | €170,000 | €963 | 6.80% |
| 1-Bedroom | €215,000 | €1,350 | 7.53% |
| 2-Bedroom | €259,000 | €1,500 | 6.95% |
| 3-Bedroom | €250,000 | €1,695 | 8.14% |
| 4+Bedroom | €320,000 | €2,200 | 8.25% |
| Horta Guinardó | |||
| 1-Bedroom | €196,000 | €1,050 | 6.43% |
| 2-Bedroom | €196,000 | €1,350 | 8.27% |
| 3-Bedroom | €239,000 | €1,345 | 6.75% |
| Gràcia | |||
| Studio | €210,000 | €1,100 | 6.29% |
| 1-Bedroom | €275,000 | €1,450 | 6.33% |
| 2-Bedroom | €307,000 | €1,800 | 7.04% |
| 3-Bedroom | €430,000 | €2,000 | 5.58% |
| 4+Bedroom | €500,000 | €2,250 | 5.40% |
| Les Corts | |||
| 1-Bedroom | €330,000 | €1,475 | 5.36% |
| 2-Bedroom | €390,000 | €1,838 | 5.66% |
| 3-Bedroom | €490,000 | €2,200 | 5.39% |
| 4+Bedroom | €837,500 | €2,700 | 3.87% |
| Barcelona avg. Rental Yields | 6.43% | ||
| VALENCIA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| L´Eixample | |||
| 1-Bedroom | €230,000 | €1,450 | 7.57% |
| 2-Bedroom | €394,950 | €1,550 | 4.71% |
| 3-Bedroom | €490,000 | €1,550 | 3.80% |
| 4+Bedroom | €690,000 | €2,200 | 3.83% |
| Ciutat Vella | |||
| 1-Bedroom | €247,500 | €1,350 | 6.55% |
| 2-Bedroom | €295,000 | €1,700 | 6.92% |
| 3-Bedroom | €485,000 | €1,900 | 4.70% |
| 4+Bedroom | €650,000 | €2,500 | 4.62% |
| Extramurs | |||
| 1-Bedroom | €233,500 | €1,300 | 6.68% |
| 2-Bedroom | €275,000 | €1,400 | 6.11% |
| 3-Bedroom | €280,000 | €1,400 | 6.00% |
| 4+Bedroom | €360,000 | €1,750 | 5.83% |
| Valencia avg. Rental Yields | 5.61% | ||
| CÓRDOBA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| Studio | €114,000 | €460 | 4.84% |
| 1-Bedroom | €135,000 | €550 | 4.89% |
| 2-Bedroom | €162,000 | €650 | 4.81% |
| 3-Bedroom | €199,000 | €850 | 5.13% |
| 4+Bedroom | €260,000 | €1,030 | 4.75% |
| Córdoba (all locations) | |||
| Studio | €93,000 | €500 | 6.45% |
| 1-Bedroom | €109,990 | €550 | 6.00% |
| 2-Bedroom | €129,000 | €650 | 6.05% |
| 3-Bedroom | €130,600 | €700 | 6.43% |
| 4+Bedroom | €199,000 | €875 | 5.28% |
| Córdoba avg. Rental Yields | 6.04% | ||
| ALICANTE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| Studio | €162,450 | €700 | 5.17% |
| 1-Bedroom | €237,500 | €950 | 4.80% |
| 2-Bedroom | €265,000 | €1,200 | 5.43% |
| 3-Bedroom | €290,000 | €1,250 | 5.17% |
| 4+Bedroom | €385,000 | €1,650 | 5.14% |
| Alicante (all locations) | |||
| Studio | €145,000 | €800 | 6.62% |
| 1-Bedroom | €149,500 | €875 | 7.02% |
| 2-Bedroom | €179,000 | €1,200 | 8.04% |
| 3-Bedroom | €195,000 | €1,200 | 7.38% |
| 4+Bedroom | €280,000 | €1,380 | 5.91% |
| Alicante avg. Rental Yields | 7.00% | ||
| SEVILLE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| 1-Bedroom | €224,000 | €750 | 4.02% |
| 2-Bedroom | €277,500 | €910 | 3.94% |
| 3-Bedroom | €315,000 | €1,200 | 4.57% |
| 4+Bedroom | €520,000 | €1,450 | 3.35% |
| Nervión | |||
| 1-Bedroom | €175,000 | €800 | 5.49% |
| 2-Bedroom | €230,000 | €1,200 | 6.26% |
| 3-Bedroom | €285,000 | €1,200 | 5.05% |
| 4+Bedroom | €385,000 | €1,300 | 4.05% |
| Macarena | |||
| 2-Bedroom | €125,000 | €745 | 7.15% |
| 3-Bedroom | €109,500 | €750 | 8.22% |
| 4+Bedroom | €179,250 | €1,000 | 6.69% |
| Triana | |||
| 1-Bedroom | €190,000 | €783 | 4.95% |
| 2-Bedroom | €235,000 | €850 | 4.34% |
| 3-Bedroom | €237,000 | €1,000 | 5.06% |
| Sevilla este | |||
| 1-Bedroom | €141,000 | €625 | 5.32% |
| 2-Bedroom | €154,900 | €825 | 6.39% |
| 3-Bedroom | €168,000 | €980 | 7.00% |
| Los Remedios | |||
| Studio | €155,000 | €700 | 5.42% |
| 1-Bedroom | €220,000 | €790 | 4.31% |
| 2-Bedroom | €260,000 | €1,000 | 4.62% |
| 3-Bedroom | €320,000 | €1,100 | 4.13% |
| 4+Bedroom | €530,000 | €2,550 | 5.77% |
| Seville avg. Rental Yields | 5.28% | ||
| PALMA DE MALLORCA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Palma de Mallorca (all locations) | |||
| Studio | €215,500 | €1,125 | 6.26% |
| 1-Bedroom | €310,000 | €1,500 | 5.81% |
| 2-Bedroom | €395,000 | €1,550 | 4.71% |
| 3-Bedroom | €380,000 | €1,900 | 6.00% |
| 4+Bedroom | €504,000 | €2,500 | 5.95% |
| Palma de Mallorca avg. Rental Yields | 5.75% | ||
| MURCIA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Murcia (all locations) | |||
| 1-Bedroom | €84,900 | €600 | 8.48% |
| 2-Bedroom | €104,900 | €700 | 8.01% |
| 3-Bedroom | €116,000 | €800 | 8.28% |
| 4+Bedroom | €280,000 | €1,100 | 4.71% |
| Murcia avg. Rental Yields | 7.37% | ||
| All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide and Idealista |
|||
Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest cities of Spain. We used the Idealista website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).
For instance, if the monthly rent is €500 and the purchase price is €100,000, the calculation would be: €500 (Monthly Rent) x 12 / €100,000 (Purchase Price) = 6% (Gross Rental Yield).