Icod de los Vinos – Real Estate Investment Overview
Market Overview: Score, Prices and Rental Yields
Market Score
Median Sale Price
| Month | Median Sale Price |
|---|---|
| July | €179,000 |
| August | €184,500 |
| September | €183,000 |
| October | €198,000 |
| November | €201,500 |
| December | €209,500 |
| January | €207,000 |
| February | €219,000 |
| March | €197,000 |
| April | €190,000 |
| May | €190,000 |
| June | €190,000 |
Median Rent Price
| Month | Median Rent Price |
|---|---|
| July | €870 |
| August | €880 |
| September | €800 |
| October | €800 |
| November | €850 |
| December | €950 |
| January | €850 |
| February | €1,100 |
| March | €950 |
| April | €900 |
| May | €930 |
| June | €850 |
Gross Rental Yield
| Month | Gross Rental Yield |
|---|---|
| July | 6.09% |
| August | 5.9% |
| September | 5.64% |
| October | 6.71% |
| November | 5.5% |
| December | 8.1% |
| January | 5.83% |
| February | 6.85% |
| March | 6.97% |
| April | 5.6% |
| May | 6.03% |
| June | 5.67% |
Square meter cost
| Month | Square meter cost |
|---|---|
| July | €1,990 |
| August | €2,120 |
| September | €1,930 |
| October | €1,800 |
| November | €1,780 |
| December | €1,810 |
| January | €1,750 |
| February | €1,900 |
| March | €1,720 |
| April | €1,650 |
| May | €1,670 |
| June | €1,650 |
Market Breakdown
Listings by property size
| Category | Listings by property size |
|---|---|
| Studio (19%) | 10 listings (19%) |
| 1 bedroom (20%) | 11 listings (20%) |
| 2 bedroom (20%) | 11 listings (20%) |
| 3 bedroom (39%) | 21 listings (39%) |
| 4+ bedroom (2%) | 1 listings (2%) |
Sales Activity Index
Rent Activity Index
Gross Rental Yield
| Category | Gross Rental Yield |
|---|---|
| Studio | 6.53% |
| 1 bedroom | 4.86% |
| 2 bedroom | 5.14% |
| 3 bedroom | 5.3% |
| 4+ bedroom | 0% |
| Category | Gross Rental Yield |
|---|---|
| < 30 m² apartments | 0% |
| 30-40 m² apartments | 0% |
| 40-50 m² apartments | 6.59% |
| 50-60 m² apartments | 5.28% |
| 60-70 m² apartments | 4.59% |
| 70-80 m² apartments | 4.4% |
| 80-90 m² apartments | 0% |
| 90-100 m² apartments | 0% |
| 100-110 m² apartments | 7.5% |
| 110-120 m² apartments | 0% |
| 120-130 m² apartments | 7.69% |
| 130-140 m² apartments | 0% |
| 140-150 m² apartments | 6.36% |
Square meter cost
| Category | Square meter cost |
|---|---|
| Studio | €3,180 |
| 1 bedroom | €3,360 |
| 2 bedroom | €3,000 |
| 3 bedroom | €1,460 |
| 4+ bedroom | €1,910 |
| Category | Square meter cost |
|---|---|
| < 30 m² apartments | 8000 |
| 30-40 m² apartments | 3820 |
| 40-50 m² apartments | 4000 |
| 50-60 m² apartments | 2890 |
| 60-70 m² apartments | 3480 |
| 70-80 m² apartments | 3110 |
| 80-90 m² apartments | 0 |
| 90-100 m² apartments | 2110 |
| 100-110 m² apartments | 1600 |
| 110-120 m² apartments | 1650 |
| 120-130 m² apartments | 1600 |
| 130-140 m² apartments | 1580 |
| 140-150 m² apartments | 1420 |
Number of listings for sale
| Category | Number of listings for sale |
|---|---|
| Studio | 6 |
| 1 bedroom | 7 |
| 2 bedroom | 5 |
| 3 bedroom | 16 |
| 4+ bedroom | 1 |
| Category | Number of listings for sale |
|---|---|
| < 30 m² apartments | 1 |
| 30-40 m² apartments | 1 |
| 40-50 m² apartments | 4 |
| 50-60 m² apartments | 3 |
| 60-70 m² apartments | 1 |
| 70-80 m² apartments | 3 |
| 80-90 m² apartments | 0 |
| 90-100 m² apartments | 1 |
| 100-110 m² apartments | 1 |
| 110-120 m² apartments | 6 |
| 120-130 m² apartments | 5 |
| 130-140 m² apartments | 1 |
| 140-150 m² apartments | 6 |
Number of listings for rent
| Category | Number of listings for rent |
|---|---|
| Studio | 4 |
| 1 bedroom | 4 |
| 2 bedroom | 6 |
| 3 bedroom | 5 |
| 4+ bedroom | 0 |
| Category | Number of listings for rent |
|---|---|
| < 30 m² apartments | 0 |
| 30-40 m² apartments | 0 |
| 40-50 m² apartments | 4 |
| 50-60 m² apartments | 3 |
| 60-70 m² apartments | 1 |
| 70-80 m² apartments | 4 |
| 80-90 m² apartments | 2 |
| 90-100 m² apartments | 0 |
| 100-110 m² apartments | 1 |
| 110-120 m² apartments | 0 |
| 120-130 m² apartments | 3 |
| 130-140 m² apartments | 0 |
| 140-150 m² apartments | 1 |
Market Trends
Top submarkets
Potential annual revenue
Studio
1 bedroom
2 bedroom
3 bedroom
Median Sale Price
| Month | 1 bedroom | 2 bedroom | 3 bedroom | 4+ bedroom |
|---|---|---|---|---|
| July | €199.5k | €145k | €169k | €265k |
| August | €209k | €192.5k | €168.5k | €255k |
| September | €181.5k | €192.5k | €175.5k | €260k |
| October | €181.5k | €202.5k | €198k | €235k |
| November | €179k | €209k | €220k | €240k |
| December | €172k | €202.5k | €222k | €227.5k |
| January | €190k | €219.5k | €215k | €237.5k |
| February | €184.5k | €225k | €219.5k | €240.0k |
| March | €177.5k | €210k | €203k | €226.8k |
| April | €178.6k | €218k | €195k | €236.8k |
| May | €185k | €218k | €192.5k | €233.5k |
| June | €185k | €210k | €192.5k | €233.5k |
Median Rent Price
| Month | 1 bedroom | 2 bedroom | 3 bedroom | 4+ bedroom |
|---|---|---|---|---|
| July | €900 | €800 | €880 | €950 |
| August | €900 | €800 | €930 | -- |
| September | €800 | €780 | €880 | -- |
| October | €900 | €800 | €850 | -- |
| November | €780 | €800 | €850 | €850 |
| December | €1,150 | €1,580 | €830 | €850 |
| January | €1,150 | €800 | €800 | €800 |
| February | €1,150 | €750 | €1,350 | -- |
| March | €1,050 | €1,450 | €1,000 | -- |
| April | €800 | €1,200 | €1,000 | -- |
| May | €830 | €900 | €1,100 | -- |
| June | €750 | €900 | €850 | -- |
Years to profit (sale to rent ratio)
| Month | 1 bedroom | 2 bedroom | 3 bedroom | 4+ bedroom |
|---|---|---|---|---|
| July | 18.47 | 15.1 | 16 | 23.25 |
| August | 19.35 | 20.05 | 15.18 | -- |
| September | 18.91 | 20.7 | 16.62 | -- |
| October | 16.81 | 21.09 | 19.41 | -- |
| November | 19.25 | 21.77 | 21.57 | 23.53 |
| December | 12.46 | 10.71 | 22.29 | 22.3 |
| January | 13.77 | 22.86 | 22.4 | 24.74 |
| February | 13.37 | 25 | 13.55 | -- |
| March | 14.09 | 12.07 | 16.92 | -- |
| April | 18.66 | 15.14 | 16.25 | -- |
| May | 18.69 | 20.19 | 14.58 | -- |
| June | 20.56 | 19.44 | 18.87 | -- |
Square meter cost
| Month | 1 bedroom | 2 bedroom | 3 bedroom | 4+ bedroom |
|---|---|---|---|---|
| July | €4,200 | €2,010 | €1,690 | €1,650 |
| August | €2,390 | €2,670 | €1,710 | €1,580 |
| September | €3,210 | €2,670 | €1,530 | €1,610 |
| October | €3,210 | €2,810 | €1,650 | €1,770 |
| November | €2,980 | €2,900 | €1,830 | €1,850 |
| December | €2,920 | €2,740 | €1,660 | €1,710 |
| January | €3,170 | €3,050 | €1,790 | €1,580 |
| February | €3,210 | €3,170 | €1,910 | €1,460 |
| March | €3,090 | €3,000 | €1,770 | €1,510 |
| April | €3,570 | €3,110 | €1,570 | €1,660 |
| May | €3,360 | €3,110 | €1,580 | €1,720 |
| June | €3,360 | €3,000 | €1,460 | €1,910 |
Investment Insights by Districts
All | 5.67 % | 35 | 19 | €190,000 | €850 |
Studio | 6.53 % | 6 | 4 | €159,000 | €870 |
1 Bedroom | 4.86 % | 7 | 4 | €185,000 | €750 |
2 Bedrooms | 5.14 % | 5 | 6 | €210,000 | €900 |
3 Bedrooms | 5.3 % | 16 | 5 | €192,500 | €850 |
4+ Bedrooms | -- % | 1 | -- | €233,500 | -- |
Summary and Key Takeaways
With a median rental yield of 5.67% and property prices starting at €159,000, Icod de los Vinos
may become a good investment option for some investors.
Median property prices in Icod de los Vinos are €190,000, while the median rent is €850. This means that a median property in Icod de los Vinos will pay for itself in 18.6 years.
Detailed real estate yield breakdown:
A median Studio apartment: 6.53% yield, sale price €159,000, rent €870.
A median 1-bedroom apartment: 4.86% yield, sale price €185,000, rent €750.
A median 2-bedroom apartment: 5.14% yield, sale price €210,000, rent €900.
A median 3-bedroom apartment: 5.30% yield, sale price €192,500, rent €850.
A median 4+ bedroom apartment: --% yield, sale price €233,500, rent --.
Where exactly to buy the property?