Spain Property Prices, Rents & Rental Yields

About Spain

Spain pairs deep cultural appeal with a varied property landscape, from coastal apartment markets to major urban centers and resort destinations. For investors, that breadth matters: apartment pricing and rental trends can shift sharply by area, but the national picture still offers a useful monthly read on momentum.

July 2026 points to a market where capital values are still moving higher, even as rental growth pauses. The average apartment sale price reached €255,200, up 2.5% month over month and 21.5% year over year, while the average price per square meter climbed to €2,800, up 1.4% on the month and 22.9% annually. That combination suggests persistent upward pressure on entry costs.

At the same time, the rental side looks less dynamic. Average apartment rent held at €1,200 year over year and slipped 4.0% from the previous month, creating a noticeable tension between asset-price appreciation and near-flat income growth. The result is a 6.1% yield, which still gives the market an investable profile, but one that appears more sensitive to purchase pricing than to rent expansion. For apartment investors, July 2026 reads less like a broad-based breakout and more like a market where valuation growth is running ahead of rental momentum.