Property Prices in Spain

Index Info
Price to Income Ratio: 7.23
Mortgage as Percentage of Income: 44.81%
Loan Affordability Index: 2.23
Price to Rent Ratio - City Centre: 20.32
Price to Rent Ratio - Outside of Centre: 16.50
Gross Rental Yield (City Centre): 4.92%
Gross Rental Yield (Outside of Centre): 6.06%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 737.76 € 500.00-1,150.00
Apartment (1 bedroom) Outside of Centre 593.44 € 400.00-900.00
Apartment (3 bedrooms) in City Centre 1,222.48 € 800.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 910.29 € 650.00-1,500.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 293.02 € 167.22-510.96
Price per Square Feet to Buy Apartment Outside of Centre 185.26 € 111.48-325.16
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 1,780.93 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.23 1.25-3.50

These data are based on 4177 entries in the past 18 months from 937 different contributors.
Last update: June 2023
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 6.7 6.0 7.3 16.6 13.7 43.6 2.3
Barcelona 11.1 4.5 5.4 22.4 18.4 69.4 1.4
Bilbao 8.8 5.0 5.6 20.0 17.8 53.7 1.9
Granada 7.3 4.0 4.4 25.3 22.9 45.3 2.2
Las Palmas de Gran Canaria 12.3 4.2 5.8 23.8 17.1 80.9 1.2
Madrid 7.2 4.9 5.7 20.5 17.4 42.1 2.4
Malaga 8.2 4.6 5.7 21.6 17.5 51.3 1.9
Marbella 12.3 4.3 6.6 23.1 15.2 77.0 1.3
Murcia 8.0 6.2 5.4 16.0 18.4 48.3 2.1
Oviedo 4.0 6.1 6.6 16.5 15.1 24.5 4.1
Palma de Mallorca 10.8 4.1 5.6 24.6 18.0 70.8 1.4
Pamplona 7.1 3.6 4.5 27.9 22.4 43.7 2.3
San Sebastian 7.0 4.1 10.5 24.5 9.5 43.7 2.3
Santa Cruz de Tenerife 6.9 6.9 7.3 14.6 13.6 46.2 2.2
Santander 6.2 4.9 5.2 20.5 19.1 37.9 2.6
Seville (Sevilla) 8.0 4.2 5.2 23.9 19.1 51.9 1.9
Valencia 5.3 7.2 8.7 14.0 11.5 32.0 3.1
Vigo 6.5 5.3 6.9 19.0 14.5 44.4 2.2
Zaragoza (Saragossa) 10.5 3.4 4.0 29.4 25.2 70.7 1.4
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