Santander Property Prices, Rents & Rental Yields

About Santander

Santander pairs a sheltered bay setting with a compact urban core and a strong coastal identity. For apartment investors, that mix keeps the city closely tied to everyday living, waterfront appeal, and the broader rhythm of Cantabria’s capital.

September 2026 points to a market still moving upward, but not without pressure on returns. The average apartment sale price sits at €290,000, while the average price per square metre is €3,410, both up 1.0% month on month and well ahead of last year’s levels. That year-on-year picture is more striking, with sale prices up 11.6% and the €/m² measure up 18.1%, showing how much pricing has re-rated over the past 12 months.

Against that backdrop, rent is not keeping pace in the same way. The average apartment rent is €950, down 1.0% from the previous month, even though it remains 5.6% higher than a year ago. The result is a 4.44% yield, which still offers income, but also reflects the squeeze created when capital values rise faster than monthly rent. For investors watching Santander in September 2026, the key tension is clear: pricing momentum remains intact, yet the income equation is becoming tighter as it moves through the autumn.