Rental Yields Compared (60+ Countries)

We are specifically interested in the median yields in carefully selected areas in each country. Typically, the properties are apartments, except in regions where the apartment supply is limited and the sales market primarily comprises houses, maisonettes, townhouses, etc.

In most cases, we will research 3 to 8 cities within the country and calculate the average gross yield for the entire country.

In our research, we categorize properties in each region based on the number of bedrooms: 1-, 2-, 3-, and 4+ bedrooms. If you're interested in more specific yield information, please click on the country name.

This table was last updated in September 2023.

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Country/City Gross Rental Yield
(% per annum)
Yield Rating
Argentina 5.92 % Good
Austria 3.66 % Poor
Belgium 4.11 % Poor
Brazil 5.22 % Moderate
Bulgaria 4.56 % Moderate
Chile 4.99 % Moderate
Colombia 7.70 % Very Good
Croatia 4.59 % Moderate
Cyprus 4.93 % Moderate
Czech Republic 3.95 % Poor
Denmark 4.28 % Poor
Egypt 5.42 % Moderate
Estonia 4.74 % Moderate
Finland 4.24 % Poor
France 4.39 % Poor
Georgia 9.01 % Very Good
Germany 3.55 % Poor
Greece 5.22 % Moderate
Hong Kong 3.08 % Poor
Hungary 5.09 % Moderate
India 4.54 % Moderate
Indonesia 7.55 % Very Good
Ireland 8.38 % Very Good
Israel 2.83 % Very Poor
Italy 7.40 % Very Good
Japan 4.30 % Poor
Latvia 7.81 % Very Good
Lithuania 6.67 % Good
Luxembourg 2.59 % Very Poor
Malaysia 5.16 % Moderate
Malta 3.66 % Poor
Mexico 5.92 % Good
Montenegro 5.95 % Good
Morocco 7.62 % Very Good
Netherlands 5.19 % Moderate
North Macedonia 5.21 % Moderate
Norway 3.79 % Poor
Peru 5.55 % Moderate
Philippines 5.21 % Moderate
Poland 6.29 % Good
Portugal 5.64 % Moderate
Puerto Rico 8.36 % Very Good
Qatar 5.50 % Moderate
Romania 6.63 % Good
Singapore 4.78 % Moderate
Slovak Republic 5.29 % Moderate
Slovenia 4.32 % Poor
South Africa 9.95 % Very Good
Spain 6.09 % Good
Sweden 5.29 % Moderate
Switzerland 3.08 % Poor
Taiwan 2.04 % Very Poor
Thailand 6.07 % Good
Tunisia 5.33 % Moderate
Turkey 6.52 % Good
United Arab Emirates 4.93 % Moderate
Uruguay 5.92 % Good
Vietnam 4.04 % Poor

When you are buying to let, you'll want to know the rental yield – i.e., the return on your investment – which is the percentage return on the money spent.

So, if you bought for $1 million and earned a rent of $3,000 per month, your gross rental yield would be $3,000 x 12 / $1 million = 3.6%. This yield is not particularly favorable; we would consider it to be poor.