Investing in Andalucía: 6 €/m²/month in rent and 4.3% gross yield
Buying in Andalucía costs 1,711 €/m² on average and renting goes for 6 €/m² a month, leaving a gross yield of 4.3% before costs and taxes. It is essentially the Spanish average (4.2%), with purchase prices below the Spanish average.
6 €/m²/monthRent90 m² home: €557/month
1,711 €/m²Purchase90 m² home: €153,990
4.3%Gross yieldAnnual rent over purchase price
56/100Momentum50 = flat market
The map
The provinces of Andalucía
Coloured by gross yield, on the same scale as the rest of the country.
Gross yield< 3%3–4 %4–5 %5–6 %≥ 6%sin datos
Administrative boundaries from the Spanish National Geographic Institute (CC BY 4.0). The Canary Islands are drawn shifted, as on any map of Spain.
The verdict
What the analysis sees
The specific signals the official data leaves about this market, before going into detail.
On gross yield it ranks 10 of 19 among the autonomous regions.
Andalucía has 8,666,412 residents, an average gross household income of €26,084 a year, an approximate unemployment rate of 15% (above the Spanish average). These are signals of how deep housing demand runs, not of the risk of any one tenant.
In favour
3,288 properties analysedWe hold stock for sale here, each with its own investment score.
Against
Approximate unemployment of 15%Above the Spanish average: this is market context, not a measure of tenant risk.
0.76 repossessions per 1,000 dwellingsRepossession pressure above the average, a provincial figure that signals market stress.
The market
What it costs and what it earns
The market level in Andalucía and what it means for a buy-to-let buyer. Per-m² figures are converted to a reference home of 90 m².
23 yearsPrice / Rent (PER)Years of rent to pay off the purchase
5.9 yearsAffordabilityHousehold incomes to pay for 90 m²
26%Rent burdenAnnual rent as a share of household income
0.65%Urban IBIHousing-stock-weighted average
Within Andalucía municipalities sit on average 39% away from that figure: real dispersion between local markets, not the estimate's margin of error. Drill down to a municipality to see its own.
1,711 €/m²Purchase price
Spain 2,028 €/m²€/m² of transactions, population-weighted average
6 €/m²/monthRent
Spain 7 €/m²€/m² a month, population-weighted average
4.3%Gross yield
Spain 4.2%annual rent over purchase price, before costs
The contrast
Expensive or profitable
Each province placed by what it costs to buy and what it earns. Top left is cheap and profitable; bottom right is expensive and earns little.
The comparison
Where it stands against the rest
Andalucía's percentile among the 19 regions, computed on the same figure for all of them.
Gross yield4.3%
50
PeorMedianaMejor
Rent level6 €/m²/month
50
PeorMedianaMejor
Momentum56/100
33
PeorMedianaMejor
Within España it ranks 10 of 19 on gross yield.
The demand
Demand, employment and liquidity
The structural depth of the market: how many people live here, what they earn, how much changes hands and what stress it carries. This is market context, never a measure of tenant risk.
3.6Market turnover
Spain 3.3transactions a year per 1,000 residents · more turnover, easier to resell
15%Unemployment (approx.)
Spain 11%registered unemployed over unemployed + social security contributors
€26,084Gross household income
Spain €31,185annual income tax returns (AEAT), population-weighted territorial average
7.8‰Net migration
Spain 12.8‰arrivals minus departures from abroad per 1,000 residents
0.76Repossession pressure
Spain 0.55housing repossessions per 1,000 dwellings of the provincial stock · 2025
Inside Andalucía
The provinces of Andalucía
Each with its market level and gross yield, computed the same way as this page's so they can be compared.
Where each figure comes from, over which territory and from what date. Confidence measures data coverage, never investment quality.
Data coverage
100/100
Andalucía covers 785 municipalities. Every figure is computed by summing or population-weighting those municipalities, never by averaging their percentages.
official rent series (SERPAVI)61 of 785
series sufficient to measure momentum782 of 785
official appraised value (MIVAU)53 of 785
estimated market level775 of 785
our own adverts315 of 785
When each figure is from
For an aggregate we show the oldest figure from each source, since that is what limits how the whole can be read.
rent
2024
sale
2024
household income
2013
official appraisal
2026Q1
population register
2025
registered transactions
2026Q1
registered unemployment
2026M06
MIVAUAppraised housing value and registered transactions
SERPAVIOfficial reference rent index
INEPopulation register, migration and repossessions
AEATAverage gross household income
SEPE and Social SecurityRegistered unemployment and contributions
CatastroCadastral value, age and IBI rate
InmobliaOur own catalogue of adverts, each with its investment score
An indicative statistical estimate for comparing markets, not an appraisal or an investment recommendation. Gross yield does not deduct costs, IBI, insurance, voids or taxes.
