Sierra Nevada Property Prices, Rents & Rental Yields

About Sierra Nevada

Sierra Nevada in Granada province is a high-altitude mountain setting where alpine scenery, winter sports, and year-round tourism shape the local property backdrop. Its apartment market reflects that distinctive resort profile, with pricing driven more by location scarcity than by broad urban supply.

July 2026 brings the clearest signal yet: values are still climbing, even as rental growth pauses. The average sale price for apartments stands at €198,000, after rising 1.5% month on month and 16.5% year on year. On a per-square-metre basis, prices reached €3,140, up 4.8% over the month and 10.9% over the year, underscoring how firmly asking levels have moved.

Against that backdrop, the rental line looks steadier. Average rent is €950, unchanged from the previous month but still 5.6% higher than a year ago. That gap between fast-rising capital values and flatter monthly rents keeps the yield picture in focus: at 6.63%, it remains workable, but the latest figures suggest investors are now balancing stronger price momentum against tighter income progression.

For apartment investors, the July 2026 note is less about a broad re-rating than about a market where sale prices continue to advance faster than rent. In practical terms, Sierra Nevada is still showing appreciation momentum, but the income side is not keeping pace at the same speed, which may temper near-term return expectations even as asset values edge higher.