When you are buying to let, you'll want to know the rental yield - ie. the return on your investment - the percentage return on the money spent.

So if you bought for $1 million, and earned a rent of $1,500 per month, your gross rental yield would be $1,500 x 12 / $1 million = 3.6%. Not a great yield; we would judge it to be poor.

Where do we get the data?

We are interested in the median yields in hand-picked areas in each country. The properties are usually apartments except in regions where the apartment supply is low and the sales market mostly consists of houses/maisonettes/townhouses/etc.

In most cases, we will focus on the city center and more upmarket areas as those will have the highest appeal to foreign buyers and investors.

We divide each region into 1-, 2-, 3, and 4+ bedroom properties in our research, but the table above represents the average yield percentage of each country.

Rental Yields Compared

This table was last updated in November 2022.

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* Click countries for in-depth coverage. Click headers to sort the data

Country/City Gross Rental Yield
(% per annum)
Yield Rating
Albania 4.70 % Moderate
Andorra 5.21 % Moderate
Argentina 5.71 % Moderate
Armenia 7.84 % Good
Australia, Sydney 5.23 % Moderate
Austria 3.18 % Poor
Azerbaijan 6.02 % Moderate to Good
Bahrain 7.87 % Good
Belgium 4.09 % Poor
Bolivia 6.38 % Moderate to Good
Bosnia and Herzegovina 3.96 % Poor
Brazil 5.35 % Moderate
Bulgaria 4.74 % Moderate
Canada 5.46 % Moderate
Chile 4.98 % Moderate
Colombia 6.40 % Moderate to Good
Costa Rica 6.36 % Moderate to Good
Croatia 4.19 % Poor
Cyprus 4.70 % Moderate
Czech Republic 3.88 % Poor
Denmark 3.28 % Poor
Ecuador 5.89 % Moderate to Good
Egypt 5.38 % Moderate
Estonia 4.65 % Moderate
Finland 4.16 % Poor
France 3.97 % Poor
Georgia 10.73 % Spectacular
Germany 3.12 % Poor
Greece 5.41 % Moderate
Hong Kong 2.78 % Very Poor
Hungary 4.90 % Moderate
Iceland 5.09 % Moderate
India 4.44 % Poor
Indonesia 5.75 % Moderate
Ireland 7.38 % Good
Israel 3.30 % Poor
Italy 6.26 % Moderate to Good
Japan 4.38 % Poor
Kazakstan 9.70 % Excellent
Kuwait 5.16 % Moderate
Latvia 6.64 % Moderate to Good
Lithuania 7.81 % Good
Luxembourg 2.84 % Very Poor
Macedonia 5.36 % Moderate
Malaysia 4.82 % Moderate
Malta 4.55 % Moderate
Mexico 5.48 % Moderate
Moldova 6.64 % Moderate to Good
Monaco 2.49 % Very Poor
Montenegro 5.80 % Moderate to Good
Morocco 7.23 % Good
Netherlands 4.90 % Moderate
New Zealand 3.64 % Poor
Norway 3.62 % Poor
Oman 3.50 % Poor
Panama 6.68 % Moderate to Good
Peru 5.49 % Moderate
Philippines 5.45 % Moderate
Poland 6.88 % Moderate to Good
Portugal 5.20 % Moderate
Puerto Rico 7.89 % Good
Qatar 8.43 % Excellent
Romania 6.16 % Moderate to Good
Russia 6.12 % Moderate to Good
Serbia 5.56 % Moderate
Singapore 4.74 % Moderate
Slovakia 4.63 % Moderate
Slovenia 4.17 % Poor
South Africa 9.06 % Excellent
Spain 5.57 % Moderate
Sweden 4.63 % Moderate
Switzerland 2.94 % Poor
Taiwan 2.09 % Very Poor
Tunisia 5.04 % Moderate
Turkey 5.63 % Moderate
Ukraine 7.43 % Good
United Arab Emirates 5.63 % Moderate
United Kingdom 6.21 % Moderate to Good
United States 6.12 % Moderate to Good
Uruguay 5.67 % Moderate
Vietnam/HCMC 4.31 % Poor