Peñíscola Property Prices, Rents & Rental Yields

About Peñíscola

Peñíscola, on the Castellon coast, combines a historic seafront setting with long Mediterranean views and a compact urban core. Its apartment market sits within a town that is as recognisable for its landmark old quarter as for its coastal address, giving the location a distinct identity year-round.

September 2026 brings the clearest signal: apartment values are still rising year on year, but monthly pricing is flat. The average sale price stands at €212,000, with the average asking rent at €700 and the average price per square metre at €2,550. That combination points to a market where pricing has already moved higher, yet the latest month offers little further momentum.

The tension for investors is straightforward. Over the past 12 months, the average sale price is up 14.6%, the average rent is up 9.4%, and the average price per square metre has increased 16.0%. Against that backdrop, the estimated yield of 4.43% suggests income returns are present, but they are being tested by the pace of capital growth. With no month-over-month change in any of the three pricing measures, September reads more as a pause than a reversal, and a reminder that entry levels now matter more than they did a year ago.