Investing in Melilla: 9 €/m²/month in rent and 4.9% gross yield
Buying in Melilla costs 2,152 €/m² on average and renting goes for 9 €/m² a month, leaving a gross yield of 4.9% before costs and taxes. It sits clearly above the Spanish average (4.2%), with purchase prices above the Spanish average.
The provinces of Melilla
Coloured by gross yield, on the same scale as the rest of the country.
Administrative boundaries from the Spanish National Geographic Institute (CC BY 4.0). The Canary Islands are drawn shifted, as on any map of Spain.
What the analysis sees
The specific signals the official data leaves about this market, before going into detail.
On gross yield it ranks 3 of 19 among the autonomous regions.
Melilla has 86,780 residents, an average gross household income of €31,599 a year, an approximate unemployment rate of 22% (above the Spanish average). These are signals of how deep housing demand runs, not of the risk of any one tenant.
In favour
- Gross yield of 4.9%Above the Spanish average (4.2%) on the same calculation method.
- Net migration of 16.8‰More people arrive than leave, above the Spanish average: sustained housing demand.
Against
- 1.8 transactions per 1,000 residentsAn illiquid market: expect longer selling times.
- Rent burden of 30%Renting a 90 m² home takes that share of gross household income; above 30% there is limited room for rents to rise.
- Approximate unemployment of 22%Above the Spanish average: this is market context, not a measure of tenant risk.
What it costs and what it earns
The market level in Melilla and what it means for a buy-to-let buyer. Per-m² figures are converted to a reference home of 90 m².
Within Melilla municipalities sit on average 0% 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.
Where it stands against the rest
Melilla's percentile among the 19 regions, computed on the same figure for all of them.
Within España it ranks 3 of 19 on gross yield.
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.
The provinces of Melilla
Each with its market level and gross yield, computed the same way as this page's so they can be compared.
Municipalities with the highest gross yield for Melilla
Only municipalities with enough data to support the figure. Gross yield is before costs, IBI and taxes.
Alternatives in España
Territories of the same level ranked by gross yield, to compare before deciding.
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
90/100Melilla covers 1 municipalities. Every figure is computed by summing or population-weighting those municipalities, never by averaging their percentages.
- official rent series (SERPAVI) 1 of 1
- series sufficient to measure momentum 1 of 1
- official appraised value (MIVAU) 1 of 1
- estimated market level 1 of 1
- our own adverts 0 of 1
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
- household income
- 2023
- official appraisal
- 2026Q1
- population register
- 2025
- registered transactions
- 2026Q1
- registered unemployment
- 2026M06
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.