Granada Property Prices, Rents & Rental Yields

About Granada

Granada combines the Alhambra’s monumental heritage with a compact historic centre and the backdrop of the Sierra Nevada. Its university and layered neighbourhoods give the city a distinct setting for apartment investment, where location matters as much as the headline market averages.

In October 2026, the clearest signal for Granada apartments is a contrast between sale and rental prices over the past year. Average sale prices are down 9.4% year on year, while average rents are up 5.6%. The two measures are moving in opposite directions over the longer term, even though both held steady against the previous month. The current gross yield stands at 4.37%, a reference point rather than a promise of what any individual apartment will earn.

At €950, the average monthly rent puts the annual increase in context, but cannot establish the return on a particular purchase. Assessing an apartment still requires its actual price and achievable rent, alongside costs not captured by the headline yield. The flat month-on-month readings make this a note about longer-term divergence, not a claim of a sudden October shift. For investors tracking Granada, the takeaway is to test individual opportunities against both sides of that contrast, rather than treating higher rents or lower sale prices as a complete investment case.