Alcobendas – Real Estate Investment Overview

About Alcobendas

Alcobendas, in Madrid province, sits just north of the capital and combines urban services with a well-established residential base. Its apartment market benefits from that proximity while retaining a distinct local identity, making it a closely watched area for property investors looking at the wider Madrid region.

June 2026 points to a clear tension in Alcobendas: sale values have softened, but rental growth has kept moving. The average apartment sale price stands at €317,000, after a monthly drop of 6.8% and a year-on-year decline of 2.2%. At the same time, the average rent has edged up to €1,431, showing only a modest monthly increase of 0.3% but a much stronger annual rise of 10.1%.

That gap matters for returns. The average price per square metre is €3,866, up 1.2% from the previous month and broadly stable year on year at 0.2%. Against that backdrop, the reported yield is 5.99%, which suggests income can still offset some of the pressure from higher entry costs and slower capital values. For apartment investors, the current picture is less about broad appreciation and more about balancing a firmer rental line with a weaker sales trend.