Investing in Navarra: 8 €/m²/month in rent and 4.1% gross yield
Buying in Navarra costs 2,250 €/m² on average and renting goes for 8 €/m² a month, leaving a gross yield of 4.1% before costs and taxes. It is essentially the Spanish average (4.2%), with purchase prices above the Spanish average.
8 €/m²/monthRent90 m² home: €689/month
2,250 €/m²Purchase90 m² home: €202,500
4.1%Gross yieldAnnual rent over purchase price
46/100Momentum50 = flat market
The map
The map of Navarra
Its municipalities, coloured by gross yield. Grey ones publish too little data.
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.
Navarra has 683,500 residents, an approximate unemployment rate of 10% (below the Spanish average). These are signals of how deep housing demand runs, not of the risk of any one tenant.
In favour
124 properties analysedWe hold stock for sale here, each with its own investment score.
The market level in Navarra and what it means for a buy-to-let buyer. Per-m² figures are converted to a reference home of 90 m².
24.5 yearsPrice / Rent (PER)Years of rent to pay off the purchase
Within Navarra municipalities sit on average 21% 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.
2,250 €/m²Purchase price
Spain 2,029 €/m²€/m² of transactions, population-weighted average
8 €/m²/monthRent
Spain 7 €/m²€/m² a month, population-weighted average
4.1%Gross yield
Spain 4.2%annual rent over purchase price, before costs
The comparison
Where it stands against the rest
Navarra's percentile among the 52 provinces, computed on the same figure for all of them.
Gross yield4.1%
20
PeorMedianaMejor
Rent level8 €/m²/month
82
PeorMedianaMejor
Momentum46/100
0
PeorMedianaMejor
Within Comunidad Foral de Navarra it ranks 1 of 1 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.
2.1Market turnover
Spain 3.3transactions a year per 1,000 residents · more turnover, easier to resell
10%Unemployment (approx.)
Spain 11%registered unemployed over unemployed + social security contributors
10.6‰Net migration
Spain 12.8‰arrivals minus departures from abroad per 1,000 residents
0.18Repossession pressure
Spain 0.55housing repossessions per 1,000 dwellings of the provincial stock · 2025
The risk
Housing repossessions
A figure the INE only publishes per province: how many urban dwellings end in repossession, against the total stock. It measures market stress, not tenant risk.
0.18Repossessions per 1,000 dwellings2025
2.1Market turnoverTransactions a year per 1,000 residents
272Municipalities in the provinceEach with its own guide
Inside Navarra
The municipalities of Navarra
The 40 most populated with their market level; the remaining 232 are linked below.
TerritoryPurchaseRentGross yieldMomentumAdverts
Pamplona/IruñaIn line with the Spanish average2,704 €/m²8 €/m²/month3.6%46/10016
TudelaIn line with the Spanish average1,607 €/m²6 €/m²/month4.4%69/1002
MonteagudoYield above the average1,111 €/m²5 €/m²/month5.5%19/1002
Where each figure comes from, over which territory and from what date. Confidence measures data coverage, never investment quality.
Data coverage
90/100
Navarra covers 272 municipalities. Every figure is computed by summing or population-weighting those municipalities, never by averaging their percentages.
official rent series (SERPAVI)2 of 272
series sufficient to measure momentum235 of 272
official appraised value (MIVAU)2 of 272
estimated market level3 of 272
our own adverts49 of 272
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
2026Q1
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.
