Palencia province Property Prices, Rents & Rental Yields

About Palencia province

Palencia province pairs a strong inland identity with a practical position in northern Spain, where historic towns, broad agricultural landscapes and well-connected transport corridors shape the local setting. For investors, that mix keeps apartment markets grounded in real-world use rather than short-lived trends.

July 2026 shows the key signal clearly: prices are still advancing on a yearly basis, even as the month brings a slight pause in sale values. The average apartment sale price stands at €148,000, after easing 0.7% month on month, while the average price per square metre is €1,510, up 1.4% over the same period. That combination suggests a market that is still repricing upward overall, but with a more measured short-term rhythm.

The rental side is moving faster. Average rent has reached €730, rising 5.1% month on month and 11.5% year on year, which helps explain why the province’s estimated yield sits at 6.94%. Against a year-on-year rise of 23.3% in average sale prices and 22.1% in €/m², the current picture is one of stronger income growth meeting firmer acquisition costs. For apartment investors, that is the central tension in Palencia province this month.