Vitoria-Gasteiz · Araba/Álava

Protected flat with bare ownership

  • Protected housing
€90,500 1,484 €/m²

61 m² third-floor protected apartment in Vitoria-Gasteiz with one bedroom, one bathroom, elevator and included parking. Bare-ownership sale with single-payment or mixed-payment options.

Estimated monthly account

Rental income+€561/month
Mortgage 80% · 25 years · Euribor 2.95%−€341/month
Net cash flow +€220/month

Estimated up-front investment €23,077 · 20% deposit + 5.5% purchase costs includes 4.0% transfer tax in País Vasco; reduced rates may apply

On Inmoblia since 29 August 2026 · Published by Mas Vida

The property

Specifications

What the advert says about the property: floor area, layout, condition and registry details.

Type
Apartment
Built area
61 m²
Bedrooms
1
Bathrooms
1
Floor
tercera planta
Transaction type
Bare ownership
Protected housing
Yes (VPO/VPP)
Fittings

Fittings and extras

What the property comes with and how much each item weighs in the “Property data” sub-score.

  • Lift +3
  • Parking 1 space +5

The advert also mentions:

  • Single payment or mixed payment plan
  • Buyer must be registered in Euskadi
  • Buyer income must be between €12,000 and €45,000 annually
  • Buyer must not own another home
  • Quiet pedestrian setting
  • Near tram and urban bus stops
  • Near BEI service
  • Professional fees of €5,000 plus VAT excluded
  • Seller pays ordinary community fees and utilities
  • Buyer pays property tax, extraordinary assessments and building insurance

Free text we could not normalise into a comparable attribute, so it does not score.

How these values score

The verdict

What the analysis sees

The specific signals the model finds in this property and its municipality, before going into the score in detail.

In favour

  • Gross yield of 7.4%An attractive annual rent against the purchase price.

Against

No notable risks in the available data.

Municipal momentum

Where the local market is heading.

Housing transactions

MIVAU · deals per year

+3.2% interanual
3,337 20112015201820222025 2,639 · 20112,639 · 20112,891 · 20122,891 · 20121,318 · 20131,318 · 20131,374 · 20141,374 · 20141,532 · 20151,532 · 20151,920 · 20161,920 · 20162,483 · 20172,483 · 20172,817 · 20182,817 · 20182,809 · 20192,809 · 20192,351 · 20202,351 · 20202,671 · 20212,671 · 20212,932 · 20222,932 · 20222,580 · 20232,580 · 20233,232 · 20243,232 · 20243,337 · 20253,337 · 2025

Investment guide for Vitoria-Gasteiz

Municipal demand

The structural depth of demand in the area.

13.4 yearsPrice / Rent (PER)
median 28.3 years years of rent to pay off the purchase · lower is cheaper relative to its rent
10%Unemployment rate (approx.)
median 10% unemployed over unemployed + social security contributors (a proxy comparable across municipalities)
+12.7‰Net migration
median 11.9‰ arrivals minus departures from abroad per 1,000 residents · a growing population sustains demand

Registered unemployment

SEPE · yearly average

−2.0% interanual
13,886 20192021202320242026 14,469 · 201914,469 · 201917,859 · 202017,859 · 202016,090 · 202116,090 · 202115,144 · 202215,144 · 202214,984 · 202314,984 · 202314,311 · 202414,311 · 202414,172 · 202514,172 · 202513,886 · 202613,886 · 2026

Registered population

INE · yearly population register

0.0% interanual
260,699 20112014201720202025 239,562 · 2011239,562 · 2011239,562 · 2011239,562 · 2011239,562 · 2011239,562 · 2011239,562 · 2011239,562 · 2011242,223 · 2012242,223 · 2012242,223 · 2012242,223 · 2012242,223 · 2012242,223 · 2012242,223 · 2012242,223 · 2012241,386 · 2013241,386 · 2013241,386 · 2013241,386 · 2013241,386 · 2013241,386 · 2013241,386 · 2013241,386 · 2013242,082 · 2014242,082 · 2014242,082 · 2014242,082 · 2014242,082 · 2014242,082 · 2014242,082 · 2014242,082 · 2014243,918 · 2015243,918 · 2015243,918 · 2015243,918 · 2015243,918 · 2015243,918 · 2015243,918 · 2015243,918 · 2015244,634 · 2016244,634 · 2016244,634 · 2016244,634 · 2016244,634 · 2016244,634 · 2016244,634 · 2016244,634 · 2016246,976 · 2017246,976 · 2017246,976 · 2017246,976 · 2017246,976 · 2017246,976 · 2017246,976 · 2017246,976 · 2017249,176 · 2018249,176 · 2018249,176 · 2018249,176 · 2018249,176 · 2018249,176 · 2018249,176 · 2018249,176 · 2018251,774 · 2019251,774 · 2019251,774 · 2019251,774 · 2019251,774 · 2019251,774 · 2019251,774 · 2019251,774 · 2019253,996 · 2020253,996 · 2020253,996 · 2020253,996 · 2020253,996 · 2020253,996 · 2020253,996 · 2020253,996 · 2020253,093 · 2021253,093 · 2021253,093 · 2021253,093 · 2021253,093 · 2021253,093 · 2021253,093 · 2021253,093 · 2021253,672 · 2022253,672 · 2022253,672 · 2022253,672 · 2022255,886 · 2023255,886 · 2023255,886 · 2023255,886 · 2023257,968 · 2024257,968 · 2024257,968 · 2024257,968 · 2024260,699 · 2025260,699 · 2025260,699 · 2025260,699 · 2025

Net international migration

INE · immigration − emigration · yearly

+34.2% interanual
3,305 2021202220232024 765 · 2021765 · 20213,018 · 20223,018 · 20222,462 · 20232,462 · 20233,305 · 20243,305 · 2024

Recorded offences

Ministry of the Interior · cumulative

+87.1% interanual
30,485 202420252026 3,053 · 20243,053 · 20246,078 · 20246,078 · 20249,420 · 20249,420 · 202412,816 · 202412,816 · 202416,294 · 202516,294 · 202519,842 · 202519,842 · 202523,541 · 202523,541 · 202527,050 · 202527,050 · 202530,485 · 202630,485 · 2026

Recorded offences (municipalities over 20,000 residents only, from 2024) are territorial context: they do not label an area “safe” or “unsafe”, nor do they measure tenant risk.

Comparables

Similar properties nearby

Real references of the same municipality and type, to cross-check rent and price. They are not necessarily active offers.

This is a shortlisting pass over the advert's data, not a due diligence report. Before deciding, check the points we cannot verify from here:

  • Possession: that it is vacant, with no squatters and no tenants on a live contract.
  • If it is let, the current rent, the type of contract and its expiry date.
  • The real state of repair and services (possible hidden renovation work) and a valid energy certificate.
  • The real service charge and, above all, whether any special levies are approved or pending: they appear in the minutes of the last owners' meetings.
  • The property's actual IBI: our figure is an estimate from the municipality's cadastral values, not the specific bill.
  • Charges, mortgages, seizures or easements in the Land Registry extract.