Market intelligence, news and guides from our team on the Costa del Sol and in Madrid.
Rental intelligence · 2024
What a home earns, town by town.
Official rents for every municipality we work in, set against what homes are worth, so you can see the gross rental yield at a glance. Figures for long-term residential lets, from the Ministry of Housing.
4.9%
Highest gross yield
San Roque (Sotogrande), apartments, 2024
3.4%
Marbella, gross yield
apartments · rent €9.63/m² a month
+50%
Strongest rise in rents, 2019–2024
Benahavís, apartments
4.0%
Madrid, gross yield
apartments · rent €13.97/m² a month
Gross yield
Where rents work hardest.
Apartments, 2024. A higher yield means more rent for each euro of value; prime areas usually trade a lower yield for stronger growth in value.
San Roque · Sotogrande4.9%
Benalmádena4.1%
Mijas4.0%
Madrid4.0%
Pozuelo de Alarcón3.9%
Alcobendas · La Moraleja3.9%
Fuengirola3.8%
Estepona3.7%
Marbella3.4%
Costa del Sol Madrid
By municipality
Rents, values and yields.
Rents and gross rental yields by municipality, 2024
Every chart shares one scale. Hover over a line for each year.
Marbella€9.63/m² +27% since 2019Benahavís€10.77/m² +50% since 2019Estepona€8.36/m² +34% since 2019Mijas€8.68/m² +28% since 2019Fuengirola€9.29/m² +27% since 2019Benalmádena€10.08/m² +29% since 2019Casares€10.29/m² +43% since 2019San Roque · Sotogrande€8.08/m² +27% since 2019Madrid€13.97/m² +18% since 2019Pozuelo de Alarcón€13.67/m² +19% since 2019Alcobendas · La Moraleja€11.84/m² +20% since 2019
How to read it
Three things to know.
01
Gross yield
A year of rent divided by what the home is worth: the median rent per m² a month, times twelve, over the average appraised value per m² in 2024.
02
Before costs
Community fees, IBI, insurance, maintenance, management and income tax come off the gross figure. Net yields are typically one to two points lower.
03
Long-term lets
These are long-term residential rents declared to the tax office. Holiday lets earn more in season, and need a licence; rules vary by town.
Sources and method. Rents: Ministerio de Vivienda y Agenda Urbana, Sistema Estatal de Referencia del Precio del Alquiler de Vivienda (SERPAVI), database 2011–2024, published March 2026: median monthly rent per m² of long-term residential lets declared in personal income tax returns, collective dwellings (apartments) and single-family homes (houses). Values: the Ministry’s Valor tasado de la vivienda, table 4, average of the four quarters of 2024. Gross yield = 12 × median rent per m² ÷ appraised value per m². Values are not published for Benahavís and Casares, so their yield is not shown. Sotogrande is part of San Roque, and La Moraleja of Alcobendas. Past figures are no guide to future returns, and this is not investment advice.
Private advisory
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