Oviedo Property Prices, Rents & Rental Yields

About Oviedo

Oviedo blends a historic Asturian center with a practical urban setting, shaped by elegant streets, civic landmarks, and a calm northern Spanish atmosphere. Its apartment market reflects that same balance, with steady residential appeal anchored in the regional capital.

September 2026 brings the clearest signal for Oviedo apartments: values are still edging higher, but the monthly pace remains measured. The average sale price holds at €220,000 and the average rent price stays at €900, showing little immediate movement in transaction and rental levels. By contrast, the average price per square metre has climbed to €2,530, up 1.1% month over month and 10.8% year over year, which points to continued price pressure in the underlying stock.

That creates a straightforward investment tension. On one side, the average sale price is up 4.8% over the year, confirming that apartment prices have advanced. On the other, the yield stands at 5.31%, so rising capital values are not being matched by a parallel lift in rents. With rent flat year over year and sale prices unchanged from the previous month, the market’s near-term story is less about rapid turnover and more about gradual repricing. For investors, Oviedo looks like a city where entry costs are moving up even as income growth is holding back.