Investing in Murcia: 5 €/m²/month in rent and 4.6% gross yield
Buying in Murcia costs 1,329 €/m² on average and renting goes for 5 €/m² a month, leaving a gross yield of 4.6% before costs and taxes. It sits somewhat above the Spanish average (4.2%), with purchase prices below the Spanish average.
5 €/m²/monthRent90 m² home: €454/month
1,329 €/m²Purchase90 m² home: €119,610
4.6%Gross yieldAnnual rent over purchase price
63/100Momentum50 = flat market
The map
The map of Murcia
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.
Murcia has 1,589,138 residents, an average gross household income of €26,923 a year, an approximate unemployment rate of 11% (below the Spanish average). These are signals of how deep housing demand runs, not of the risk of any one tenant.
In favour
Momentum 63/100Appraised prices, rents, transactions and population are all rising in the latest data.
4.1 transactions per 1,000 residentsA market with high turnover: reselling is easier than the national average.
954 properties analysedWe hold stock for sale here, each with its own investment score.
Against
0.78 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 Murcia and what it means for a buy-to-let buyer. Per-m² figures are converted to a reference home of 90 m².
22 yearsPrice / Rent (PER)Years of rent to pay off the purchase
4.4 yearsAffordabilityHousehold incomes to pay for 90 m²
20%Rent burdenAnnual rent as a share of household income
0.66%Urban IBIHousing-stock-weighted average
Within Murcia municipalities sit on average 24% 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.
1,329 €/m²Purchase price
Spain 2,028 €/m²€/m² of transactions, population-weighted average
5 €/m²/monthRent
Spain 7 €/m²€/m² a month, population-weighted average
4.6%Gross yield
Spain 4.2%annual rent over purchase price, before costs
The contrast
Expensive or profitable
Each municipality with enough data 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
Murcia's percentile among the 52 provinces, computed on the same figure for all of them.
Gross yield4.6%
47
PeorMedianaMejor
Rent level5 €/m²/month
39
PeorMedianaMejor
Momentum63/100
92
PeorMedianaMejor
Within Región de Murcia 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.
4.1Market turnover
Spain 3.3transactions a year per 1,000 residents · more turnover, easier to resell
11%Unemployment (approx.)
Spain 11%registered unemployed over unemployed + social security contributors
€26,923Gross household income
Spain €31,185annual income tax returns (AEAT), population-weighted territorial average
11.8‰Net migration
Spain 12.8‰arrivals minus departures from abroad per 1,000 residents
0.78Repossession 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.
0.78Repossessions per 1,000 dwellings2025
4.1Market turnoverTransactions a year per 1,000 residents
45Municipalities in the provinceEach with its own guide
Inside Murcia
The municipalities of Murcia
The 40 most populated with their market level; the remaining 5 are linked below.
TerritoryPurchaseRentGross yieldMomentumAdverts
MurciaYield above the average1,592 €/m²6 €/m²/month4.9%63/100326
CartagenaIn line with the Spanish average1,551 €/m²5 €/m²/month4.2%60/100113
LorcaIn line with the Spanish average1,213 €/m²5 €/m²/month4.6%59/10017
Molina de SeguraYield above the average1,267 €/m²5 €/m²/month4.9%62/10047
AlcantarillaIn line with the Spanish average1,084 €/m²4 €/m²/month4.8%70/10012
Torre-PachecoIn line with the Spanish average1,432 €/m²5 €/m²/month4.0%72/10033
ÁguilasIn line with the Spanish average1,464 €/m²5 €/m²/month4.1%77/10015
San JavierIn line with the Spanish average1,969 €/m²6 €/m²/month3.7%71/10040
YeclaYield above the average849 €/m²3 €/m²/month4.9%70/1005
CiezaYield above the average969 €/m²4 €/m²/month4.9%68/100—
MazarrónIn line with the Spanish average1,609 €/m²5 €/m²/month3.8%67/10016
TotanaYield above the average983 €/m²4 €/m²/month4.9%49/1001
San Pedro del PinatarIn line with the Spanish average1,806 €/m²5 €/m²/month3.6%61/10077
JumillaYield above the average856 €/m²4 €/m²/month5.0%60/1001
Where each figure comes from, over which territory and from what date. Confidence measures data coverage, never investment quality.
Data coverage
100/100
Murcia covers 45 municipalities. Every figure is computed by summing or population-weighting those municipalities, never by averaging their percentages.
official rent series (SERPAVI)15 of 45
series sufficient to measure momentum45 of 45
official appraised value (MIVAU)14 of 45
estimated market level44 of 45
our own adverts37 of 45
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
2023
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.
