Municipality · Cádiz

Investing in Grazalema: 6 €/m²/month in rent and 4.4% gross yield

Buying in Grazalema costs 1,543 €/m² on average and renting goes for 6 €/m² a month, leaving a gross yield of 4.4% before costs and taxes. It is essentially the Spanish average (4.2%), with purchase prices below the Spanish average.

6 €/m²/monthRent90 m² home: €504/month
1,543 €/m²Purchase90 m² home: €138,870
4.4%Gross yieldAnnual rent over purchase price
14/100Momentum50 = flat market
The map

Grazalema within Cádiz

Where the municipality sits and how it compares with its neighbours.

Jerez de la Frontera · 4.4% gross yieldAlgeciras · 5.0% gross yieldCádiz · 3.7% gross yieldSan Fernando · 4.1% gross yieldChiclana de la Frontera · 3.9% gross yieldPuerto de Santa María, El · 3.8% gross yieldSanlúcar de Barrameda · 3.9% gross yieldLínea de la Concepción, La · 5.4% gross yieldPuerto Real · 4.1% gross yieldSan Roque · 3.9% gross yieldArcos de la Frontera · 4.1% gross yieldRota · 3.6% gross yieldBarrios, Los · 4.5% gross yieldConil de la Frontera · 3.7% gross yieldBarbate · 3.3% gross yieldChipiona · 3.6% gross yieldTarifa · 3.5% gross yieldUbrique · 4.8% gross yieldVejer de la Frontera · 4.4% gross yieldVillamartín · 5.1% gross yieldMedina Sidonia · 4.3% gross yieldOlvera · 4.7% gross yieldBornos · 4.8% gross yieldBenalup-Casas Viejas · 4.7% gross yieldTrebujena · 5.5% gross yieldPuerto Serrano · 4.6% gross yieldJimena de la Frontera · 4.9% gross yieldPrado del Rey · 5.0% gross yieldPaterna de Rivera · 4.4% gross yieldAlgodonales · 4.9% gross yieldAlcalá de los Gazules · 4.5% gross yieldAlcalá del Valle · 4.9% gross yieldSan José del Valle · 5.2% gross yieldEspera · 4.8% gross yieldCastellar de la Frontera · 4.9% gross yieldSan Martín del Tesorillo · 4.8% gross yieldSetenil de las Bodegas · 4.8% gross yieldBosque, El · 4.7% gross yieldGastor, El · 4.9% gross yieldAlgar · 4.9% gross yieldZahara · 4.9% gross yieldTorre Alháquime · 5.5% gross yieldBenaocaz · 4.8% gross yieldVillaluenga del Rosario · 4.4% gross yieldGrazalema · 4.4% gross yield Grazalema4.4%Jerez de la Frontera4.4%Arcos de la Frontera4.1%Medina Sidonia4.3%Tarifa3.5%Barrios, Los4.5% Grazalema4.4%Jerez de la Frontera4.4%
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 31 of 45 among the municipalities of its province.

Grazalema has 1,977 residents, an average gross household income of €19,366 a year. These are signals of how deep housing demand runs, not of the risk of any one tenant.

In favour

  • 8 properties analysedWe hold stock for sale here, each with its own investment score.

Against

  • Momentum 14/100The local market is not helping: the recent series are flat or falling.
  • 2.5 transactions per 1,000 residentsAn illiquid market: expect longer selling times.
  • Rent burden of 31%Renting a 90 m² home takes that share of gross household income; above 30% there is limited room for rents to rise.
  • 0.85 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 Grazalema 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
7.2 yearsAffordabilityHousehold incomes to pay for 90 m²
31%Rent burdenAnnual rent as a share of household income
0.75%Urban IBIRate approved by the town hall
1,543 €/m²Purchase price
Spain 2,028 €/m² €/m² of transactions, population-weighted average
6 €/m²/monthRent
Spain 7 €/m² €/m² a month, population-weighted average
4.4%Gross yield
Spain 4.2% annual rent over purchase price, before costs
The comparison

Where it stands against the rest

Grazalema's percentile among the municipalities with enough data, computed on the same figure for all of them.

Gross yield4.4%
19
PeorMedianaMejor
Rent level6 €/m²/month
88
PeorMedianaMejor
Momentum14/100
20
PeorMedianaMejor

Within Cádiz it ranks 31 of 45 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.

2.5Market turnover
Spain 3.3 transactions a year per 1,000 residents · more turnover, easier to resell
€19,366Gross household income
Spain €31,185 annual income tax returns (AEAT), population-weighted territorial average
-1‰Net migration
Spain 12.8‰ arrivals minus departures from abroad per 1,000 residents
0.85Repossession pressure
Spain 0.55 housing repossessions per 1,000 dwellings of the provincial stock · 2025

Repossessions are a provincial figure (INE): they describe the market in Cádiz, not this municipality alone.

The costs

Municipal costs and taxes

What the town hall and the cadastre set for this municipality, which is what the owner pays every year whether it is let or not.

0.750%Urban IBI rateApproved by the town hall
2009Last cadastral revisionThe older it is, the more outdated the cadastral value
€521/yearIBI on a standard homeEstimated on 90 m² and the average cadastral value
The trend

How it has moved

Official series for Grazalema over recent years. Where a series is missing, the municipality does not publish it.

Housing transactions

MIVAU · deals per year

−4.3% interanual
44 20112015201820222025 11 · 201111 · 201111 · 201211 · 20125 · 20135 · 201314 · 201414 · 20149 · 20159 · 201514 · 201614 · 201619 · 201719 · 201724 · 201824 · 201835 · 201935 · 201927 · 202027 · 202032 · 202132 · 202146 · 202246 · 202231 · 202331 · 202346 · 202446 · 202444 · 202544 · 2025

Registered unemployment

SEPE · yearly average

−2.1% interanual
138 20192021202320242026 246 · 2019246 · 2019280 · 2020280 · 2020246 · 2021246 · 2021204 · 2022204 · 2022195 · 2023195 · 2023166 · 2024166 · 2024141 · 2025141 · 2025138 · 2026138 · 2026

Average gross income

AEAT · annual tax return

+7.2% interanual
€19,366 20132016201820212023 €13,967 · 2013€13,967 · 2013€13,906 · 2014€13,906 · 2014€14,455 · 2015€14,455 · 2015€14,668 · 2016€14,668 · 2016€15,436 · 2017€15,436 · 2017€15,983 · 2018€15,983 · 2018€16,387 · 2019€16,387 · 2019€15,693 · 2020€15,693 · 2020€16,892 · 2021€16,892 · 2021€18,060 · 2022€18,060 · 2022€19,366 · 2023€19,366 · 2023

Registered population

INE · yearly population register

0.0% interanual
1,977 20112014201820222025 2,206 · 20112,206 · 20112,206 · 20112,206 · 20112,181 · 20122,181 · 20122,181 · 20122,181 · 20122,171 · 20132,171 · 20132,171 · 20132,171 · 20132,165 · 20142,165 · 20142,165 · 20142,165 · 20142,165 · 20152,165 · 20152,165 · 20152,165 · 20152,144 · 20162,144 · 20162,144 · 20162,144 · 20162,100 · 20172,100 · 20172,100 · 20172,100 · 20172,053 · 20182,053 · 20182,053 · 20182,053 · 20182,027 · 20192,027 · 20192,027 · 20192,027 · 20192,013 · 20202,013 · 20202,013 · 20202,013 · 20202,030 · 20212,030 · 20212,030 · 20212,030 · 20212,005 · 20222,005 · 20222,005 · 20222,005 · 20222,002 · 20232,002 · 20232,002 · 20232,002 · 20231,998 · 20241,998 · 20241,998 · 20241,998 · 20241,977 · 20251,977 · 20251,977 · 20251,977 · 2025

Net international migration

INE · immigration − emigration · yearly

−108.0% interanual
-2 2021202220232024 -5 · 2021-5 · 202119 · 202219 · 202225 · 202325 · 2023-2 · 2024-2 · 2024
Nearby

Alternatives in Cádiz

Territories of the same level ranked by gross yield, to compare before deciding.

The inventory

What is for sale in Grazalema

Our catalogue in this territory, with an investment score computed property by property.

8Properties analysed
€112,750Median priceOf the adverts for sale
44/100Median scoreMedian investment quality of the catalogue

See the 8 properties in Grazalema

The method

How this page is calculated

Where each figure comes from, over which territory and from what date. Confidence measures data coverage, never investment quality.

Data coverage

90/100

What this page does not show is what is not published about the municipality, not a zero.

  • official rent series (SERPAVI)
  • series sufficient to measure momentum
  • official appraised value (MIVAU)
  • estimated market level
  • our own adverts

When each figure is from

This is the latest figure published by each source for this municipality.

rent
2025
sale
2025
household income
2023
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.