Gross rental yields in Spain: Barcelona and 7 other cities
The average gross rental yield in Spain stands at 6.17% (2024, Q1). Previously, in Q3, 2023 the average gross rental yield stood at 6.09%.
- Madrid
- Barcelona
- Valencia
- Cordoba
- Seville
- Alicante
- Palma de Mallorca
- Murcia
Last Updated: Feb 08, 2024 | |||
MADRID - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Centro | |||
Studio | €185,000 | €1,100 | 7.14% |
1-Bedroom | €275,000 | €1,500 | 6.55% |
2-Bedroom | €689,000 | €2,300 | 4.01% |
3-Bedroom | €890,000 | €3,000 | 4.04% |
4+Bedroom | €1,000,000 | €3,800 | 4.56% |
Barrio de Salamanca | |||
1-Bedroom | €380,000 | €1,875 | 5.92% |
2-Bedroom | €719,000 | €2,600 | 4.34% |
3-Bedroom | €1,339,000 | €4,010 | 3.59% |
4+Bedroom | €1,990,000 | €5,900 | 3.56% |
Carabanchel | |||
1-Bedroom | €169,000 | €875 | 6.21% |
2-Bedroom | €170,000 | €1,100 | 7.76% |
3-Bedroom | €190,000 | €1,200 | 7.58% |
Chamberi | |||
Studio | €249,000 | €1,250 | 6.02% |
1-Bedroom | €325,000 | €1,600 | 5.91% |
2-Bedroom | €599,000 | €2,300 | 4.61% |
3-Bedroom | €910,000 | €2,600 | 3.43% |
4+Bedroom | €1,290,000 | €3,500 | 3.26% |
Ciudad Lineal | |||
1-Bedroom | €199,000 | €1,100 | 6.63% |
2-Bedroom | €240,000 | €1,300 | 6.50% |
3-Bedroom | €285,000 | €1,600 | 6.74% |
Tetuán | |||
Studio | €230,000 | €975 | 5.09% |
1-Bedroom | €229,000 | €1,430 | 7.49% |
2-Bedroom | €345,000 | €1,750 | 6.09% |
3-Bedroom | €655,000 | €2,295 | 4.20% |
4+Bedroom | €790,000 | €3,525 | 5.35% |
Chamartin | |||
1-Bedroom | €360,000 | €1,300 | 4.33% |
2-Bedroom | €580,000 | €1,980 | 4.10% |
3-Bedroom | €695,000 | €2,800 | 4.83% |
4+Bedroom | €1,450,000 | €4,500 | 3.72% |
Madrid avg. Rental Yields | 5.30% | ||
BARCELONA - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Eixample | |||
1-Bedroom | €365,000 | €1,900 | 6.25% |
2-Bedroom | €525,000 | €2,495 | 5.70% |
3-Bedroom | €595,000 | €2,500 | 5.04% |
4+Bedroom | €610,000 | €2,995 | 5.89% |
Ciuatat Vella | |||
Studio | €198,000 | €1,200 | 7.27% |
1-Bedroom | €220,000 | €1,450 | 7.91% |
2-Bedroom | €350,000 | €1,900 | 6.51% |
3-Bedroom | €375,000 | €2,200 | 7.04% |
4+Bedroom | €549,000 | €3,000 | 6.56% |
Sant Martí | |||
1-Bedroom | €295,000 | €1,600 | 6.51% |
3-Bedroom | €315,000 | €2,300 | 8.76% |
4+Bedroom | €377,000 | €2,654 | 8.45% |
Sarrià-Sant Gervasi | |||
1-Bedroom | €470,000 | €1,500 | 3.83% |
2-Bedroom | €480,000 | €2,080 | 5.20% |
3-Bedroom | €639,000 | €2,600 | 4.88% |
4+Bedroom | €1,090,000 | €3,800 | 4.18% |
Sants-Montjuïc | |||
1-Bedroom | €205,000 | €1,300 | 7.61% |
2-Bedroom | €260,000 | €1,500 | 6.92% |
3-Bedroom | €270,000 | €1,595 | 7.09% |
4+Bedroom | €375,000 | €2,000 | 6.40% |
Horta Guinardó | |||
2-Bedroom | €245,000 | €1,375 | 6.73% |
3-Bedroom | €220,000 | €1,500 | 8.18% |
Gràcia | |||
1-Bedroom | €278,000 | €1,495 | 6.45% |
2-Bedroom | €359,000 | €1,900 | 6.35% |
3-Bedroom | €435,000 | €1,900 | 5.24% |
4+Bedroom | €462,000 | €2,330 | 6.05% |
Les Corts | |||
2-Bedroom | €460,000 | €2,160 | 5.63% |
3-Bedroom | €530,000 | €2,200 | 4.98% |
4+Bedroom | €890,000 | €3,000 | 4.04% |
Barcelona avg. Rental Yields | 6.27% | ||
VALENCIA - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
L´Eixample | |||
2-Bedroom | €365,500 | €1,500 | 4.92% |
3-Bedroom | €490,000 | €1,950 | 4.78% |
4+Bedroom | €770,000 | €2,400 | 3.74% |
Ciutat Vella | |||
1-Bedroom | €270,000 | €1,450 | 6.44% |
2-Bedroom | €350,000 | €1,750 | 6.00% |
3-Bedroom | €480,000 | €1,900 | 4.75% |
4+Bedroom | €650,000 | €2,200 | 4.06% |
Extramurs | |||
2-Bedroom | €239,000 | €1,550 | 7.78% |
3-Bedroom | €380,000 | €1,350 | 4.26% |
4+Bedroom | €399,000 | €1,800 | 5.41% |
Valencia (all locations) | |||
Studio | €185,000 | €1,100 | 7.14% |
1-Bedroom | €178,000 | €1,250 | 8.43% |
2-Bedroom | €220,000 | €1,400 | 7.64% |
3-Bedroom | €230,000 | €1,450 | 7.57% |
4+Bedroom | €400,000 | €1,700 | 5.10% |
Valencia avg. Rental Yields | 7.17% | ||
CÓRDOBA - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Centro | |||
1-Bedroom | €135,000 | €600 | 5.33% |
2-Bedroom | €154,000 | €745 | 5.81% |
3-Bedroom | €205,000 | €850 | 4.98% |
Córdoba (all locations) | |||
1-Bedroom | €110,000 | €575 | 6.27% |
2-Bedroom | €133,500 | €750 | 6.74% |
3-Bedroom | €138,000 | €800 | 6.96% |
4+Bedroom | €205,000 | €950 | 5.56% |
Córdoba avg. Rental Yields | 6.38% | ||
ALICANTE - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Centro | |||
1-Bedroom | €190,000 | €900 | 5.68% |
2-Bedroom | €269,000 | €1,200 | 5.35% |
3-Bedroom | €295,000 | €1,250 | 5.08% |
4+Bedroom | €413,000 | €1,500 | 4.36% |
Alicante (all locations) | |||
Studio | €130,000 | €800 | 7.38% |
1-Bedroom | €159,100 | €860 | 6.49% |
2-Bedroom | €210,000 | €1,100 | 6.29% |
3-Bedroom | €210,000 | €1,200 | 6.86% |
4+Bedroom | €315,000 | €1,300 | 4.95% |
Alicante avg. Rental Yields | 6.39% | ||
SEVILLE - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Centro | |||
1-Bedroom | €225,000 | €850 | 4.53% |
2-Bedroom | €289,000 | €1,100 | 4.57% |
3-Bedroom | €330,000 | €1,300 | 4.73% |
4+Bedroom | €599,000 | €1,800 | 3.61% |
Nervión | |||
2-Bedroom | €265,000 | €1,230 | 5.57% |
3-Bedroom | €310,000 | €1,200 | 4.65% |
4+Bedroom | €440,000 | €1,800 | 4.91% |
Triana | |||
2-Bedroom | €285,000 | €1,000 | 4.21% |
3-Bedroom | €280,000 | €1,100 | 4.71% |
Seville (all locations) | |||
Studio | €140,000 | €700 | 6.00% |
1-Bedroom | €183,000 | €800 | 5.25% |
2-Bedroom | €184,000 | €1,000 | 6.52% |
3-Bedroom | €198,000 | €1,000 | 6.06% |
4+Bedroom | €400,000 | €1,500 | 4.50% |
Seville avg. Rental Yields | 5.67% | ||
PALMA DE MALLORCA - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Palma de Mallorca (all locations) | |||
1-Bedroom | €320,000 | €1,200 | 4.50% |
2-Bedroom | €390,000 | €1,650 | 5.08% |
3-Bedroom | €395,000 | €1,900 | 5.77% |
4+Bedroom | €575,000 | €2,500 | 5.22% |
Palma de Mallorca avg. Rental Yields | 5.14% | ||
MURCIA - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Murcia (all locations) | |||
Studio | €97,000 | €600 | 7.42% |
1-Bedroom | €89,500 | €650 | 8.72% |
2-Bedroom | €115,000 | €700 | 7.30% |
3-Bedroom | €125,000 | €800 | 7.68% |
4+Bedroom | €284,900 | €1,000 | 4.21% |
Murcia avg. Rental Yields | 7.07% | ||
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 |
Spain´s Historic Rental Yield Data
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).