Alcalá de Henares Property Prices, Rents & Rental Yields

About Alcalá de Henares

Alcalá de Henares combines a historic university setting with an old town east of Madrid. Its association with Cervantes and the Henares River gives the city a distinct identity within Madrid province.

In October 2026, the clearest signal for apartments is a monthly pullback in the average sale price despite a higher reading than a year earlier. The average stands at €255,000, down 5.6% month over month but up 10.9% year over year. Both comparisons matter: the recent decline does not erase the annual increase, while the annual increase does not mean prices are still rising now.

For an investor, this creates a question about entry price rather than a simple verdict on value. The reported yield is 5.86%, a market snapshot rather than a guarantee of income or future returns. A lower citywide average may affect how a potential purchase is assessed, but it does not show that every apartment has changed price in the same way.

The useful reading is therefore balanced. Compare the price of a specific apartment with its plausible rental income and operating costs instead of treating a citywide average as a property-level return. October’s softer monthly sale-price reading and stronger annual comparison can coexist. Together, they favour careful assumptions over a one-directional story about the apartment market in Alcalá de Henares.