Alcobendas Property Prices, Rents & Rental Yields

About Alcobendas

Alcobendas sits just north of Madrid with a mix of business districts, established residential neighbourhoods, and fast access to the capital. That proximity, combined with a well-connected urban fabric, has long made the city relevant for apartment investors watching the wider Madrid market.

July 2026 brings the clearest signal from prices rather than rents: apartment values are still softening. The average sale price stands at €310,000, with the average price per square metre at €3,730, after falling 3.4% month on month and 8.1% year on year. The monthly move points to continued adjustment, even after a longer stretch of correction.

Rents, however, are moving in the opposite direction. The average apartment rent is €1,400, down 2.2% from June but still 7.7% higher than a year earlier. That split matters for investors because the gross yield is 6.05%, suggesting income has held up better than resale values. In other words, July’s market note is less about broad strength than about a tension between cheaper purchase prices and only partially easing rental pressure.

For apartment investors, Alcobendas therefore reads as a market where income can still look supportive, but valuation trends remain under pressure. The combination of a lower sale price base and a firmer annual rent level may be worth watching, yet the latest monthly data also shows that the adjustment has not fully run its course.