Oviedo Property Prices, Rents & Rental Yields

About Oviedo

Oviedo blends historic elegance with a compact urban scale, set in the green heart of Asturias province, Spain. Its central streets, civic landmarks and everyday residential districts give the city a steady appeal for apartment investors looking for a mature northern Spanish market.

July 2026 points to a clear tension in Oviedo’s apartment market: capital values are still rising, but rental progress is more restrained. The average sale price stands at €225,000, while the average price per square metre has climbed to €2,530, up 1.1% over the month and 16.7% year on year. That gap suggests price growth has remained stronger than the near-term monthly movement alone implies.

The income side is moving more slowly. Average rent is €900, unchanged from the previous month but up 5.9% compared with July 2025. With a yield of 5.1%, the market still offers a measured return profile, although the combination of firmer purchase pricing and only gradual rent growth may keep attention on entry levels rather than momentum alone. For apartment investors, Oviedo remains a market where long-term appreciation is evident, but the latest figures show that tighter economics should be part of the July 2026 assessment.