Armilla Property Prices, Rents & Rental Yields

About Armilla

Armilla sits just south of Granada, combining an urban everyday rhythm with close access to the city’s wider services and connections. That position has long made the municipality relevant for apartment investors watching the Granada area beyond the historic core.

September 2026 brings the clearest signal: rent is still moving higher even as property values ease. The average apartment rent has reached €900, up 5.9% both month on month and year on year, while the average sale price stands at €175,000 after a 2.7% monthly decline and a 12.4% drop compared with last year. That combination points to a market where income has improved faster than capital values, but not enough to remove pressure on investor economics.

Pricing by surface area tells the same story in smaller steps. The average apartment price per square metre is €2,220, down 1.5% from August and 4.1% below a year ago. Even so, the estimated yield is 5.51%, which suggests that rental returns remain meaningful despite the softer sales backdrop. For investors focused on apartments in Armilla, the current balance is not about rapid appreciation; it is about whether stable rent growth can continue to offset weaker purchase prices and keep returns workable.