RENTALS IN SPAIN : POTENTIAL RENTAL RETURNS
Price and Rental Return Comparisons - May 2003
|
Average three-bedroom house price |
Average rental return on investment (%) |
Average weekly rent High Season |
Average weekly rent Low Season |
Menorca |
€310,000 |
3% |
€1,500 |
€750 |
Mallorca |
€400,000 |
5.5% |
€1,000 |
€650 |
Ibiza |
€400,000 |
9% |
€1,400 |
€700 |
Fuerteventura |
€350,000 |
7% |
€1,200 |
€600 |
Lanzarote |
€260,000 |
7% |
€900 |
€600 |
Gran Canaria |
€180,000 |
3.5% |
€250 |
€200 |
Tenerife |
€250,000 |
6% |
€400 |
€200 |
Costa Blanca (North of Alicante) |
€230,000 |
6.4% |
€750 |
€350 |
Costa Blanca Alicante and South |
€180,000 |
7.5% |
€700 |
€350 |
Costa Blanca - Inland |
€200,000 |
7% |
€800 |
€400 |
Costa Brava |
€190,000 |
6.5% |
€600 |
€400 |
Costa Calida |
€100,000 |
4% |
€350 |
€150 |
Costa de Almeria |
€130,000 |
6.2% |
€420 |
€280 |
Costa de Azahar |
€190,000 |
7% |
€650 |
€320 |
Costa del Sol - East of Malaga |
€210,000 |
8% |
€1,000 |
€550 |
Costa del Sol - West of Marbella |
€280,000 |
9% |
€1,200 |
€750 |
Costa del Sol - Marbella to Malaga |
€400,000 |
10.5% |
€1,500 |
€1,000 |
Costa del Sol - Inland |
€250,000 |
6% |
€480 |
€400 |
Costa de la Luz |
€140,000 |
5.5% |
€330 |
€300 |
Rural Spain |
€110,000 |
6% |
€500 |
€200 |
Barcelona |
€350,000 |
3.5% |
€350 |
€250 |
Madrid |
€450,000 |
3% |
€600 |
€200 |
Sevilla |
€350,000 |
4.5% |
€800 |
€400 |
Valencia |
€250,000 |
6.5% |
€1,200 |
€400 |
Please note, this chart should be used as a guide only. Many factors contribute to a property's desirability from a rental perspective, among these are:
Proximity to amenities and airports, size, and location within the area.
Additionally, you should not count on 52 weeks a year rental. 40 to 48 weeks is attainable if you and/or your agent market it diligently. For more information on renting your property out contact Francesca on our rentals desk or
Email inmo@orangestate.net
All prices are denominated in € (euros)
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