Spain real estate market — prices, rental yield and trend
- Average price: $6,850 / m²
- Gross rental yield: 5.45%
- 12-month price change (USD): 9.6%
- Transaction cost: 15.3%
- Price basis: capital average
Residential property in Spain averages $6,850 per square metre, +9.6% in dollar terms over the last twelve months. That makes it the 13th most expensive of the 70 markets in the set.
What a buyer pays in Spain
The $6,850 figure is an average for the capital: it describes the capital's market, not the country as a whole — most of the country trades well below it. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 15.3% of the price here. On a 100 m² apartment at the average price that is roughly $104,805 on top of the $685,000 purchase price. That is above the 9.5% median across the set — the entry cost is part of the investment case here. Inside Spain we track 3 local markets separately: Madrid at $6,850 (0% below the national figure) down to Valencia at $3,839.
What it earns
Long-term letting returns about 5.5% gross on the purchase price, 39th of 69 markets by gross yield. Measured against local earnings, the price-to-income ratio is 8.6 — that is how many years of an average local income one average home costs, and it says more about who can buy here than any price figure does.
How this figure is built
The price figure for Spain comes from the source we judge most reliable for this market. It was last refreshed on 2026-07-23. We rate our confidence in this market’s data high: the underlying series is official and current. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.
Sources: idealista jun-26 · idealista.com · ec.europa.eu · globalpropertyguide.com. Snapshot: 2026-07-23.
Latest Spain market analysis
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- Renting in Spain Now Takes 39% of Household Income, Ten Points More Than Buying — 2026-08-20
- BBVA Expects Spanish House Prices to Rise 12% in 2026 While Sales Fall 7.3% — 2026-08-14
- Spanish Home Sales Rose 1.6% in June, Ending Five Months of Decline — 2026-08-11
- Spanish Resale Home Prices Climb 13.1% in a Year as Valencia Sets a Record — 2026-08-10
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