Granada Property Prices, Rents & Rental Yields

About Granada

Granada blends a compact historic core, strong cultural identity and the foothills of the Sierra Nevada, giving the city a distinctive urban setting in southern Spain. Its apartment market reflects that mix of heritage and everyday residential demand, with values that can shift quickly from one period to the next.

July 2026 shows the clearest signal in prices rather than rents: the average sale price for apartments stands at €270,000, up 1.9% on the month, while the average price per square metre has climbed to €2,810, up 2.9%. That monthly firmness contrasts with a softer longer-term backdrop, as the average sale price is still down 6.9% year on year and the average price per square metre is down 2.0%.

For investors, that creates a clear tension. The average rent price remains at €950, unchanged from the previous month, yet it is 5.6% higher than a year ago. Against that rental progress, the headline yield sits at 4.38%, suggesting income is holding up, but not fast enough to fully offset the recent strength in pricing. In practical terms, Granada’s apartment market in July 2026 looks more expensive on the entry side than it did a year ago, even as annual asking rents continue to edge higher.