San Sebastián de los Reyes Property Prices, Rents & Rental Yields

About San Sebastián de los Reyes

San Sebastián de los Reyes is a city in Madrid province with its own urban centre and a setting just north of the Spanish capital. For apartment investors, it is a distinct location within the wider Madrid area, rather than simply an extension of the capital.

In October 2026, the clearest signal is that apartment sale prices are rising faster than rents. The average sale price is €315,000, with sale prices up 14.5% year over year, while rents are up 8.3% over the same period. That difference matters more than either increase alone: when purchase prices grow faster than rental income, a new investment must be assessed carefully against its entry cost. Rents are rising, but the annual figures show that they have not kept pace with sale prices.

The reported apartment yield is 5.57%, a current benchmark rather than evidence that returns have improved or weakened. It belongs alongside the annual pricing figures, but it cannot establish what any particular purchase will earn. An investor still needs to compare the price paid with the rent that a specific apartment can achieve. The headline yield is most useful as a starting point for that calculation, not a substitute for it.

The question this month is whether rental growth can close the gap with sale-price growth. Until then, the figures point to a tension between rising property values and the income available to support a new purchase. The October snapshot calls for attention to entry price as well as potential rent.