A map of residential property yields by provincial capital, prepared by the Spanish property portal Idealista.com, shows where the best rental yields are to be found in Spain.
A few days ago Idealista published a report on Spanish real estate investment yields by type of property and region, based on asking prices in the Idealista database.
Now Idealista have published a graphic (see above) showing gross residential property yields by provincial capital in a map format, to make it easier to see where the highest and lowest rental yields are to be found in Spain. The National average gross yield in Q2 was 5.5%, say Idealista.
As the map shows, gross residential rental yields in Spain go from a high of 7.8% in Lerida (Catalonia) to a low of 3.3% in Ourense (Galicia).
But as the one comment to the Idealista article points out, these figures are gross yields, before landlord costs whittle down the yield, and don’t take account of high transaction costs that buyers have to pay acquiring property in Spain. Include those costs and net yields will be considerably lower. The commenter claims that housing in Spain is still 40% overpriced compared to incomes.