Colmenar Viejo Property Prices, Rents & Rental Yields

About Colmenar Viejo

Colmenar Viejo, in Madrid province, combines a town setting with easy access to the wider regional economy. For apartment investors, it stands out as a location where local housing trends can shift quickly, making monthly pricing updates especially relevant to return expectations.

September 2026 brings the clearest signal: sales values have softened while rents continue to move higher. The average apartment sale price now stands at €260,000, after falling 6.5% month on month and 12.6% year on year. That correction has not been matched by rents, which rose 3.1% over the month to €1,260 and are up 26.3% versus last year.

This creates a more noticeable gap between purchase pricing and income potential. The average price per square metre is €3,210, down 4.2% from the previous month but still 5.7% higher than a year ago, suggesting that the annual direction at a unit level remains firmer than the latest monthly move implies. Against that backdrop, the current yield of 4.98% is being shaped by opposing forces: a lower entry price on one side, and a faster-rising rental benchmark on the other. For apartment investors, September’s picture is less about momentum in one direction than about how quickly the income side is re-pricing relative to acquisition costs.