Los Alcázares Property Prices, Rents & Rental Yields

About Los Alcázares

Los Alcázares sits on the Mar Menor, where flat coastal living meets a relaxed urban centre and long promenade walks. Its appeal comes from a mix of beach access, year-round services and a setting that feels compact without losing its holiday edge.

September 2026 brings the clearest signal yet for apartments in Los Alcázares: prices are still moving higher over the year, but rental growth is no longer keeping pace. The average sale price stands at €189,450, while the average price per square metre has reached €2,180, up 34.9% year on year and 0.9% over the month. By contrast, the average rent is €800, down 5.9% month on month, even though it is still 6.7% above a year ago.

That gap matters for investors because the current yield is 5.67%, a level that reflects stronger capital values than rent momentum. In practice, September looks like a market where ownership costs are being repriced faster than income can follow. For apartment investors, the story is less about immediate yield expansion and more about whether purchase prices can keep rising without further softening in monthly rent.