Sierra Nevada Property Prices, Rents & Rental Yields

About Sierra Nevada

Sierra Nevada in Granada province sits in Spain’s high mountains, where ski-season appeal and a compact urban setting meet. Its apartment market tends to reflect that seasonal character, with prices and rents moving in step with the area’s tourism-linked rhythm.

September 2026 brings the clearest signal: rents are climbing much faster than sale prices. The average apartment rent has reached €1,050, up 16.8% month on month and 5.0% year on year, while the average sale price stands at €198,500 after a 1.8% monthly increase and a 7.3% annual rise. That gap points to stronger short-term rental momentum than to a parallel jump in purchase values.

For investors, the tension is straightforward. Gross yield is currently 7.47%, which remains attractive on paper, but the latest rent surge is doing more of the work than resale appreciation. At the same time, the average price per square metre is €3,230, down 0.7% over the month yet still up 8.2% over the year. In other words, September’s market shows a mixed setup: rental pricing is moving quickly, while capital values are rising more steadily, keeping the balance between income and entry cost in focus.