Municipality · Murcia

Investing in Ulea: 2 €/m²/month in rent and 5.8% gross yield

Buying in Ulea costs 508 €/m² on average and renting goes for 2 €/m² a month, leaving a gross yield of 5.8% before costs and taxes. It sits clearly above the Spanish average (4.2%), with purchase prices below the Spanish average.

2 €/m²/monthRent90 m² home: €221/month
508 €/m²Purchase90 m² home: €45,720
5.8%Gross yieldAnnual rent over purchase price
50/100Momentum50 = flat market
The map

Ulea within Murcia

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

Murcia · 4.9% gross yieldCartagena · 4.2% gross yieldLorca · 4.6% gross yieldMolina de Segura · 4.9% gross yieldAlcantarilla · 4.8% gross yieldTorre-Pacheco · 4.0% gross yieldÁguilas · 4.1% gross yieldSan Javier · 3.7% gross yieldYecla · 4.9% gross yieldCieza · 4.9% gross yieldMazarrón · 3.8% gross yieldTotana · 4.9% gross yieldSan Pedro del Pinatar · 3.6% gross yieldJumilla · 5.0% gross yieldCaravaca de la Cruz · 5.0% gross yieldAlhama de Murcia · 2.6% gross yieldTorres de Cotillas, Las · 4.9% gross yieldUnión, La · 4.0% gross yieldArchena · 4.7% gross yieldAlcázares, Los · 2.6% gross yieldFuente Álamo de Murcia · 3.7% gross yieldPuerto Lumbreras · 4.7% gross yieldMula · 4.8% gross yieldSantomera · 4.8% gross yieldCehegín · 5.7% gross yieldAbarán · 5.3% gross yieldCeutí · 5.0% gross yieldBullas · 5.0% gross yieldBeniel · 4.4% gross yieldFortuna · 5.0% gross yieldAlguazas · 5.2% gross yieldCalasparra · 5.7% gross yieldLorquí · 4.8% gross yieldMoratalla · 5.9% gross yieldBlanca · 5.3% gross yieldAbanilla · 4.9% gross yieldLibrilla · 5.5% gross yieldVillanueva del Río Segura · 4.9% gross yieldPliego · 5.5% gross yieldCampos del Río · 5.2% gross yieldAlbudeite · 5.3% gross yieldRicote · 5.4% gross yieldAledo · 4.9% gross yieldOjós · not enough dataUlea · 5.8% gross yield Ulea5.8%Lorca4.6%Jumilla5.0%Moratalla5.9%Murcia4.9%Caravaca de la Cruz5.0%Mula4.8%Yecla4.9%Cartagena4.2% Ulea5.8%Lorca4.6%
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 2 of 44 among the municipalities of its province.

Ulea has 926 residents. These are signals of how deep housing demand runs, not of the risk of any one tenant.

In favour

  • Gross yield of 5.8%Above the Spanish average (4.2%) on the same calculation method.
  • 1 properties analysedWe hold stock for sale here, each with its own investment score.

Against

  • 2.2 transactions per 1,000 residentsAn illiquid market: expect longer selling times.
  • 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 Ulea and what it means for a buy-to-let buyer. Per-m² figures are converted to a reference home of 90 m².

17.2 yearsPrice / Rent (PER)Years of rent to pay off the purchase
0.60%Urban IBIRate approved by the town hall
508 €/m²Purchase price
Spain 2,028 €/m² €/m² of transactions, population-weighted average
2 €/m²/monthRent
Spain 7 €/m² €/m² a month, population-weighted average
5.8%Gross yield
Spain 4.2% annual rent over purchase price, before costs
The comparison

Where it stands against the rest

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

Gross yield5.8%
55
PeorMedianaMejor
Rent level2 €/m²/month
36
PeorMedianaMejor
Momentum50/100
51
PeorMedianaMejor

Within Murcia it ranks 2 of 44 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.

2.2Market turnover
Spain 3.3 transactions a year per 1,000 residents · more turnover, easier to resell
10.8‰Net migration
Spain 12.8‰ arrivals minus departures from abroad per 1,000 residents
0.78Repossession 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 Murcia, 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.

0.600%Urban IBI rateApproved by the town hall
2008Last cadastral revisionThe older it is, the more outdated the cadastral value
€137/yearIBI on a standard homeEstimated on 90 m² and the average cadastral value
The trend

How it has moved

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

Housing transactions

MIVAU · deals per year

+25.0% interanual
15 20112015201820222025 3 · 20113 · 20111 · 20121 · 20124 · 20134 · 20130 · 20140 · 20143 · 20153 · 20155 · 20165 · 20169 · 20179 · 20175 · 20185 · 20184 · 20194 · 20193 · 20203 · 202013 · 202113 · 202113 · 202213 · 202216 · 202316 · 202312 · 202412 · 202415 · 202515 · 2025

Registered unemployment

SEPE · yearly average

0.0% interanual
38 20192021202320242026 48 · 201948 · 201956 · 202056 · 202050 · 202150 · 202143 · 202243 · 202244 · 202344 · 202342 · 202442 · 202438 · 202538 · 202538 · 202638 · 2026

Registered population

INE · yearly population register

0.0% interanual
926 20112014201820222025 919 · 2011919 · 2011919 · 2011919 · 2011926 · 2012926 · 2012926 · 2012926 · 2012935 · 2013935 · 2013935 · 2013935 · 2013912 · 2014912 · 2014912 · 2014912 · 2014906 · 2015906 · 2015906 · 2015906 · 2015913 · 2016913 · 2016913 · 2016913 · 2016891 · 2017891 · 2017891 · 2017891 · 2017879 · 2018879 · 2018879 · 2018879 · 2018874 · 2019874 · 2019874 · 2019874 · 2019849 · 2020849 · 2020849 · 2020849 · 2020866 · 2021866 · 2021866 · 2021866 · 2021882 · 2022882 · 2022882 · 2022882 · 2022874 · 2023874 · 2023874 · 2023874 · 2023891 · 2024891 · 2024891 · 2024891 · 2024926 · 2025926 · 2025926 · 2025926 · 2025

Net international migration

INE · immigration − emigration · yearly

+400.0% interanual
10 2021202220232024 1 · 20211 · 202111 · 202211 · 20222 · 20232 · 202310 · 202410 · 2024
Nearby

Alternatives in Murcia

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

The inventory

What is for sale in Ulea

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

1Properties analysed
€193,388Median priceOf the adverts for sale

See the 1 properties in Ulea

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

80/100

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
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.