Property Prices in Spain

Index Info
Price to Income Ratio: 8.66
Mortgage as Percentage of Income: 60.41%
Loan Affordability Index: 1.66
Price to Rent Ratio - City Centre: 18.92
Price to Rent Ratio - Outside of Centre: 15.89
Gross Rental Yield (City Centre): 5.28%
Gross Rental Yield (Outside of Centre): 6.29%
Rent Per Month
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Apartment (1 bedroom) in City Centre 937.34 € 600.00-1,500.00
Apartment (1 bedroom) Outside of Centre 712.98 € 450.00-1,016.93
Apartment (3 bedrooms) in City Centre 1,471.34 € 900.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,064.79 € 700.00-1,750.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 338.85 € 185.80-613.15
Price per Square Feet to Buy Apartment Outside of Centre 212.10 € 117.99-418.06
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,711.04 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.52 2.70-4.50

These data are based on 4123 entries in the past 18 months from 844 different contributors.
Last update: March 2025
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 6.6 6.5 7.4 15.4 13.5 46.4 2.2
Barcelona 13.9 5.0 5.1 20.2 19.7 95.5 1.0
Bilbao 8.8 5.1 5.2 19.7 19.4 60.6 1.6
Corunna 8.6 4.9 4.7 20.3 21.2 63.6 1.6
Gijon 6.3 5.9 6.2 16.9 16.1 44.3 2.3
Granada 6.9 5.8 5.9 17.3 16.8 48.1 2.1
Las Palmas de Gran Canaria 6.4 6.8 9.4 14.8 10.6 44.2 2.3
Madrid 12.9 4.4 5.2 23.0 19.1 90.1 1.1
Malaga 12.7 4.1 6.2 24.2 16.1 88.2 1.1
Marbella 13.0 7.4 7.2 13.6 13.9 93.7 1.1
Murcia 7.2 5.1 5.9 19.7 16.9 50.4 2.0
Oviedo 4.8 6.0 7.2 16.5 13.8 33.1 3.0
Palma de Mallorca 12.2 4.8 6.0 21.0 16.7 85.4 1.2
Pamplona 6.6 6.5 5.6 15.3 17.7 45.9 2.2
San Sebastian 14.7 2.9 3.2 34.1 31.5 102.1 1.0
Santa Cruz de Tenerife 8.3 6.9 8.7 14.6 11.5 58.1 1.7
Seville (Sevilla) 7.8 5.1 6.2 19.4 16.2 54.1 1.9
Tarragona 3.9 9.1 10.1 11.0 9.9 28.0 3.6
Torrevieja 4.6 8.1 9.1 12.3 11.0 31.7 3.2
Valencia 8.0 6.3 6.7 15.9 15.0 55.7 1.8
Valladolid 8.7 4.0 4.6 24.9 21.8 59.9 1.7
Vigo 6.7 5.6 5.5 17.8 18.1 48.9 2.0
Zaragoza (Saragossa) 11.0 3.3 5.5 30.8 18.2 78.6 1.3
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