Property Prices in Spain

Index Info
Price to Income Ratio: 8.21
Mortgage as Percentage of Income: 57.20%
Loan Affordability Index: 1.75
Price to Rent Ratio - City Centre: 18.25
Price to Rent Ratio - Outside of Centre: 14.50
Gross Rental Yield (City Centre): 5.48%
Gross Rental Yield (Outside of Centre): 6.90%
Rent Per Month
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Apartment (1 bedroom) in City Centre 957.60 € 600.00-1,500.00
Apartment (1 bedroom) Outside of Centre 724.00 € 450.00-1,100.00
Apartment (3 bedrooms) in City Centre 1,559.96 € 950.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,085.46 € 700.00-1,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 339.05 € 173.63-603.86
Price per Square Feet to Buy Apartment Outside of Centre 196.82 € 111.48-371.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,756.65 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.51 2.30-4.20

These data are based on 3705 entries in the past 18 months from 907 different contributors.
Last update: July 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References

By City in Spain

Rank
City
Price To Income Ratio
Gross Rental Yield City Centre
Gross Rental Yield Outside of Centre
Price To Rent Ratio City Centre
Price To Rent Ratio Outside Of City Centre
Mortgage As A Percentage Of Income
Affordability Index
Alicante 7.8 6.4 7.2 15.5 14.0 55.0 1.8
Barcelona 10.9 4.7 5.3 21.1 18.8 74.9 1.3
Bilbao 7.8 4.8 4.8 21.0 20.7 52.7 1.9
Corunna 8.6 4.4 4.2 22.9 23.7 63.6 1.6
Gijon 6.1 6.0 6.2 16.8 16.2 44.2 2.3
Granada 6.4 5.4 5.4 18.7 18.5 44.4 2.3
Las Palmas de Gran Canaria 6.8 6.3 9.3 15.8 10.8 47.0 2.1
Madrid 9.5 5.1 6.1 19.5 16.4 65.1 1.5
Malaga 7.4 7.1 7.3 14.2 13.7 52.6 1.9
Marbella 11.6 7.7 6.6 13.0 15.2 83.8 1.2
Murcia 12.2 2.7 6.3 37.6 15.9 86.1 1.2
Oviedo 3.7 7.8 7.1 12.9 14.0 25.5 3.9
Palma de Mallorca 13.3 4.3 6.0 23.2 16.8 92.7 1.1
Pamplona 6.0 6.1 5.4 16.3 18.5 41.7 2.4
San Sebastian 14.2 2.8 3.2 36.0 31.5 98.5 1.0
Santa Cruz de Tenerife 7.6 7.5 10.0 13.4 10.0 52.7 1.9
Santander 6.3 5.0 5.2 19.9 19.3 43.6 2.3
Seville (Sevilla) 8.1 4.1 5.8 24.1 17.1 55.4 1.8
Tarragona 4.8 7.2 6.2 13.8 16.1 35.1 2.9
Torrevieja 5.0 7.8 9.0 12.8 11.2 34.9 2.9
Valencia 6.7 7.5 8.5 13.4 11.8 45.5 2.2
Vigo 7.2 5.6 6.1 17.8 16.3 52.2 1.9
Zaragoza (Saragossa) 10.8 4.4 5.4 22.7 18.4 76.8 1.3
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