Granada Property Prices, Rents & Rental Yields

About Granada

Granada blends the legacy of the Alhambra, a compact historic core, and a university-led urban rhythm that keeps the city distinct within southern Spain. Its apartment market reflects that same balance of heritage and everyday use, with a profile that is closely watched by investors.

September 2026 brings the clearest signal: pricing has steadied month on month, yet the annual picture still points to softer capital values. The average apartment sale price holds at €270,000, with the average price per square metre unchanged at €2,780 compared with last month. That stability does not remove the broader adjustment, however, because both measures remain lower year on year, with the sale price down 8.5% and the €/m2 figure down 3.8%.

Against that backdrop, income has moved in the opposite direction. Average rent is now €950, up 5.6% over the year and unchanged month on month. The result is a yield of 4.45%, which suggests that Granada’s apartment market is offering a somewhat firmer rental return while sale values remain below their level a year ago. For investors, the tension this month is straightforward: stable pricing in the short term, but only modest yield support against a still-lower capital value base.