Alcalá de Henares Property Prices, Rents & Rental Yields

About Alcalá de Henares

Alcalá de Henares combines historic streets, a major university legacy, and a well-connected position in Madrid province. Its urban fabric feels established rather than speculative, which helps explain why apartments here continue to attract close attention from market watchers.

September 2026 points to a clear tension in the apartment market: prices are still rising, but income growth is not keeping pace. The average sale price has reached €270,000, after moving up 4.2% month over month and 20.0% year over year. At the same time, the average m2 price stands at €3,210, up 1.8% on the month and 18.6% over the year, reinforcing the upward trend in capital values.

That strength is starting to press on investor economics. Average rent is €1,300, which is up 8.3% from the previous month and 10.6% compared with a year earlier, yet the reported yield is 5.67%. In practical terms, the market is still producing an income return, but the faster climb in purchase prices suggests less room for easy margin expansion. For apartment investors, Alcalá de Henares now reads as a market where valuation momentum remains firm while yield sensitivity is becoming more visible.