Alcobendas Property Prices, Rents & Rental Yields

About Alcobendas

Alcobendas sits just north of Madrid and has long combined urban convenience with a residential feel. For apartment investors, that mix matters: it is a city where local living, commuter access, and established neighbourhoods shape the market more than headline noise.

September 2026 brings a clear signal: apartment prices are moving higher again, even after a softer annual comparison. The average sale price is €327,000 and the average price per square metre is €3,850, both up 3.0% from the previous month. That rebound suggests short-term momentum has returned, but it sits against a broader adjustment, with the average sale price still down 13.9% year on year and the average €/m² down 8.9%.

For investors, the tension is straightforward. Rents are stable month on month at €1,400, while the annual rent trend is still positive at 3.7%. Against a sale price base that has recently firmed, the implied yield stands at 5.83%, which keeps the income case relevant even as purchase pricing has started to recover. In other words, Alcobendas is showing a market where asking prices are rebuilding faster than rental growth, so September’s picture is less about a broad uptrend than about improving capital values meeting steadier income.