Armilla Property Prices, Rents & Rental Yields

About Armilla

Armilla sits just south of Granada, blending urban convenience with easy access to the metro area and the wider province. Its position makes it a practical residential base for people who want proximity to the city while staying in a smaller, more manageable setting.

April 2026 brings the clearest signal yet: apartment prices are still moving higher, and that is keeping investor maths under pressure. The average sale price reached €252,500, while the average price per square metre climbed to €2,658, both up 5.6% from the previous month and 20.2% above a year earlier. That pace of appreciation shows a market that has continued to reprice quickly rather than settle into a flatter pattern.

At the same time, rental momentum is softer. The average apartment rent stands at €750, down 3.8% month on month and 1.3% lower year on year. That leaves the estimated gross yield at 4.81%, a level that reflects the tension between stronger capital values and more restrained rental growth. For investors tracking Armilla in Granada province, the key question this month is not whether prices are rising, but whether rental income is keeping enough pace to preserve returns.