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SUMMARY
We analyzed apartment rental yields in Andalusia as of 2026, for residential apartment buyers, using the raw dataset provided and turning it into a practical buyer guide.
This page is updated regularly, so the numbers should be read as a current Andalusia apartment yield snapshot rather than a permanent promise of future rent.
The strongest modeled yield in the dataset is in Jerez Centro, where studios show a 6.8% gross yield and 5.2% net yield, helped by low entry prices and still credible city-center rent demand.
Seville Alameda / San Luis, Málaga Teatinos, Estepona Pueblo, and Torremolinos La Carihuela / Centro also look attractive because they combine usable net yields with real tenant depth.
The weakest income profile is in Marbella Golden Mile / Nagüeles, where the modeled net yield sits around 2.4% to 2.5%. The area is prestigious, but purchase prices absorb most of the rent.
Studios usually produce the best apartment rental yields in Andalusia because smaller units rent efficiently per square meter and need a lower total investment.
For many beginner foreign buyers, the safest format is still a well-located 1-bedroom apartment. It gives slightly lower yield than a studio in many areas, but it usually attracts a broader tenant pool.
Coastal liquidity is useful, but it does not automatically mean high income yield. Fuengirola, Benalmádena, Marbella, and Nueva Andalucía can be easy to understand as lifestyle markets while still looking less efficient for pure rental income.
The practical takeaway is that Andalusia is not one rental market. Inland city centers, university districts, coastal commuter towns, and luxury resort zones all produce very different yield and risk profiles.
For a beginner buyer, the right strategy is to compare net yield, tenant depth, resale liquidity, regulatory risk, building condition, and walkability together.
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Neighborhoods and apartment types in the 2026 Andalusia apartment market
This table compares apartment rental yields in Andalusia by neighborhood and apartment type.
For each area, the table shows estimated purchase price, estimated monthly rent, gross rental yield, and net rental yield for studios, 1-bedroom apartments, and 2-bedroom apartments. The wider interpretation of each area should also consider likely fees, occupancy risk, time to rent, main demand source, main risk, and the rental investment profile explained in the Q&A and insights below.
Finally, please note you'll find much more detailed data in our real estate pack about Andalusia.
| Neighborhood | Studio average purchase price | Studio average monthly rent | Studio gross rental yield | Studio net rental yield | 1-bedroom average purchase price | 1-bedroom average monthly rent | 1-bedroom gross rental yield | 1-bedroom net rental yield | 2-bedroom average purchase price | 2-bedroom average monthly rent | 2-bedroom gross rental yield | 2-bedroom net rental yield |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Benalmádena Costa | €168,000 | €710 | 5.1% | 3.7% | €230,000 | €940 | 4.9% | 3.6% | €307,000 | €1,230 | 4.8% | 3.5% |
| Cádiz Centro / Old Town | €128,000 | €550 | 5.2% | 3.7% | €176,000 | €730 | 5.0% | 3.6% | €234,000 | €960 | 4.9% | 3.5% |
| Estepona Pueblo | €177,000 | €810 | 5.5% | 4.0% | €242,000 | €1,080 | 5.4% | 3.9% | €323,000 | €1,420 | 5.3% | 3.8% |
| Fuengirola Los Boliches / Centro | €180,000 | €700 | 4.7% | 3.4% | €247,000 | €930 | 4.5% | 3.3% | €329,000 | €1,220 | 4.4% | 3.2% |
| Granada Centro / Realejo | €107,000 | €450 | 5.0% | 3.7% | €147,000 | €590 | 4.8% | 3.6% | €196,000 | €780 | 4.8% | 3.5% |
| Jerez Centro | €76,000 | €430 | 6.8% | 5.2% | €104,000 | €570 | 6.6% | 5.0% | €139,000 | €740 | 6.4% | 4.9% |
| Málaga Centro Histórico / La Merced | €153,000 | €690 | 5.4% | 3.8% | €209,000 | €920 | 5.3% | 3.8% | €279,000 | €1,210 | 5.2% | 3.7% |
| Málaga Teatinos | €135,000 | €620 | 5.5% | 4.1% | €185,000 | €820 | 5.3% | 3.9% | €247,000 | €1,070 | 5.2% | 3.8% |
| Marbella Golden Mile / Nagüeles | €280,000 | €870 | 3.7% | 2.5% | €382,000 | €1,160 | 3.6% | 2.5% | €510,000 | €1,520 | 3.6% | 2.4% |
| Marbella Nueva Andalucía | €246,000 | €830 | 4.0% | 2.8% | €336,000 | €1,110 | 4.0% | 2.7% | €448,000 | €1,450 | 3.9% | 2.7% |
| Seville Alameda / San Luis | €115,000 | €560 | 5.8% | 4.3% | €157,000 | €750 | 5.7% | 4.2% | €209,000 | €980 | 5.6% | 4.2% |
| Seville Triana / Los Remedios | €123,000 | €570 | 5.6% | 4.1% | €168,000 | €760 | 5.4% | 4.0% | €225,000 | €1,000 | 5.3% | 3.9% |
| Torremolinos La Carihuela / Centro | €161,000 | €740 | 5.5% | 4.0% | €220,000 | €990 | 5.4% | 3.9% | €294,000 | €1,290 | 5.3% | 3.8% |
We have made this infographic to give you a quick and clear snapshot of the property market in Spain. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
Which neighborhoods offer the best net yield among areas people actually want to live in Andalusia?
The best net-yield neighborhoods among areas people actually want to live in Andalusia are Jerez Centro, Seville Alameda / San Luis, Málaga Teatinos, Estepona Pueblo, and Torremolinos La Carihuela / Centro.
Jerez Centro gives the highest modeled net yield in the dataset, at about 5.2% for studios, 5.0% for 1-bedroom apartments, and 4.9% for 2-bedroom apartments. The reason is simple: purchase prices are much lower than in Málaga, Marbella, or Seville, while city-center rents remain usable.
Seville Alameda / San Luis is the more balanced urban income play. Studios show 4.3% net yield, and both 1-bedroom and 2-bedroom apartments show 4.2%, which is strong for a central district with real renter demand.
Málaga Teatinos is less glamorous than Málaga Centro, but it looks safer for standard residential rental income. Studios show 4.1% net yield, supported by the university, hospitals, metro access, and local professional demand.
Estepona Pueblo and Torremolinos La Carihuela / Centro are the strongest coastal yield examples. They do not match Jerez on percentage return, but they offer better international visibility, lifestyle demand, and coastal liquidity.
Where can I find apartments with above-average yields and below-average entry prices in Andalusia?
The clearest places to find apartments with above-average yields and below-average entry prices in Andalusia are Jerez Centro, Granada Centro / Realejo, Seville Alameda / San Luis, and Málaga Teatinos.
Jerez Centro is the strongest value case. A modeled studio costs about €76,000 and rents for about €430 per month, producing 6.8% gross yield and 5.2% net yield.
Granada Centro / Realejo is also beginner-friendly because the entry price is much lower than Málaga or Marbella. A modeled 1-bedroom apartment costs about €147,000 and rents for about €590 per month, giving 4.8% gross yield and 3.6% net yield.
Seville Alameda / San Luis gives a more liquid urban profile. A modeled studio costs about €115,000 and rents for about €560 per month, which puts its net yield at 4.3%.
Málaga Teatinos is useful for buyers who want a lower entry price than Málaga Centro while staying inside a large, practical rental market. A modeled 1-bedroom apartment costs about €185,000 and rents for about €820 per month.
The practical takeaway is that cheap is not always value. In Andalusia, the best low-entry opportunities still need walkability, transport, tenant depth, and resale demand.
Where does the rent level justify the purchase price most clearly in Andalusia?
The rent level most clearly justifies the purchase price in Andalusia in Jerez Centro, Seville Alameda / San Luis, Málaga Teatinos, Estepona Pueblo, and Torremolinos La Carihuela / Centro.
Jerez Centro has the clearest rent-to-price relationship. A 1-bedroom apartment is modeled at €104,000 and €570 per month, which produces 6.6% gross yield and 5.0% net yield.
Seville Alameda / San Luis also looks rational because the rent is strong relative to the entry price. A modeled 2-bedroom apartment costs €209,000 and rents for €980 per month, giving 5.6% gross yield and 4.2% net yield.
Estepona Pueblo is the best coastal example. A modeled 1-bedroom apartment costs €242,000 and rents for €1,080 per month, giving 5.4% gross yield and 3.9% net yield.
Marbella Golden Mile shows the opposite pattern. A modeled 2-bedroom apartment costs €510,000 and rents for €1,520 per month, so the net yield falls to 2.4% despite the high rent.
We have actually built the our real estate pack about Andalusia to make sure you won’t buy in the wrong area. Check it out.
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Where is the best place to buy if I want stable rental income rather than maximum yield in Andalusia?
The best places to buy for stable rental income rather than maximum yield in Andalusia are Málaga Teatinos, Seville Triana / Los Remedios, Granada Centro / Realejo, and Benalmádena Costa.
Málaga Teatinos is the clearest stability pick because demand is tied to everyday life rather than only tourism. A modeled 1-bedroom apartment gives 3.9% net yield, supported by university, hospital, metro, and professional renters.
Seville Triana / Los Remedios is also defensive. A modeled 1-bedroom apartment gives 4.0% net yield, and the area has a broader tenant base than nightlife-heavy or tourist-heavy zones.
Granada Centro / Realejo has lower monthly rent in absolute terms, with a modeled 1-bedroom at €590 per month, but demand is supported by university, hospital, historic-center, and tourism-adjacent activity.
Benalmádena Costa is a useful coastal stability option. Net yields around 3.5% to 3.7% are not the highest in the table, but the area has international renters, retirees, seasonal workers, and airport-linked demand.
For a cautious foreign individual buyer, the best answer is not always the highest yield. A slightly lower net yield can be worth it when vacancy risk and resale risk are lower.
Which apartment type gives the best return for the lowest total investment in Andalusia?
The apartment type that gives the best return for the lowest total investment in Andalusia is usually the studio apartment, although the 1-bedroom apartment is often the best beginner product.
Studios win on efficiency because they rent for more per square meter and require less capital. In Jerez Centro, a studio costs about €76,000 and gives 5.2% net yield, while a 2-bedroom costs about €139,000 and gives 4.9% net yield.
The same pattern appears in Málaga Teatinos. Studios show 4.1% net yield, compared with 3.9% for 1-bedroom apartments and 3.8% for 2-bedroom apartments.
But the best beginner product is not always the highest-yield product. A 1-bedroom apartment usually attracts singles, couples, remote workers, and long-stay tenants, which can reduce turnover compared with a studio.
Two-bedroom apartments can still work in family or sharer districts, but they need a higher total investment. In Estepona Pueblo, a 2-bedroom apartment costs about €323,000, compared with €177,000 for a studio.
We give you more details in the our real estate pack about Andalusia.
Which neighborhoods offer strong rental income with the lowest vacancy risk in Andalusia?
The neighborhoods that offer strong rental income with lower vacancy risk in Andalusia are Málaga Teatinos, Seville Triana / Los Remedios, Estepona Pueblo, Benalmádena Costa, and Málaga Centro Histórico / La Merced.
Málaga Teatinos looks especially defensive because its demand is linked to university, hospitals, metro access, and local employment. The modeled studio net yield is 4.1%, which is strong for a practical long-term rental district.
Seville Triana / Los Remedios gives a stable urban tenant base. A modeled 2-bedroom apartment rents for €1,000 per month and gives 3.9% net yield, supported by family, professional, and central-city demand.
Estepona Pueblo combines residential services with coastal appeal. A modeled 1-bedroom apartment rents for €1,080 per month and gives 3.9% net yield, which is stronger than many more expensive Costa del Sol prestige areas.
Málaga Centro has high rent levels, but the risk profile is more complex because tourist pressure and regulation matter. For standard residential rental income, the purchase price needs to be disciplined.
The honest interpretation is that the lowest vacancy risk usually comes from mixed demand. Areas that depend on only tourists, only students, or only premium expats can be more fragile than they look.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Spain versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
Which areas look overpriced relative to their rental income in Andalusia?
The Andalusia areas that look most overpriced relative to rental income are Marbella Golden Mile / Nagüeles, Marbella Nueva Andalucía, Fuengirola Los Boliches / Centro, and parts of Benalmádena Costa.
Marbella Golden Mile is the clearest example. Studios show only 2.5% net yield, 1-bedroom apartments also show 2.5%, and 2-bedroom apartments fall to 2.4% net yield.
The problem is not that rent is low. A modeled 2-bedroom apartment on the Golden Mile rents for €1,520 per month, but the purchase price is about €510,000.
Nueva Andalucía has a similar issue. A modeled 1-bedroom apartment costs €336,000 and rents for €1,110 per month, producing just 2.7% net yield.
Fuengirola is less extreme, but still yield-compressed. Its modeled net yields range from 3.2% to 3.4%, which is below Estepona Pueblo, Torremolinos, Seville, and Málaga Teatinos.
The practical takeaway is that these are not bad places to own. They are weaker places to chase income yield because the buyer is paying for lifestyle, liquidity, scarcity, and international recognition.
Which neighborhoods should I avoid even if the rental yield looks attractive in Andalusia?
Beginner investors should be careful with Jerez Centro, lower-liquidity inland towns, and weaker peripheral districts around large Andalusian cities, even when the rental yield looks attractive.
Jerez Centro has the strongest modeled yield in the dataset, with up to 5.2% net yield for studios. The risk is that resale liquidity is thinner than in Málaga, Seville, or the Costa del Sol.
That does not mean Jerez Centro should be avoided completely. It means a beginner should buy only very central, walkable apartments with clear local rental demand and realistic building costs.
Cheap inland towns can look attractive because the entry price is low. But one long vacancy can destroy the annual return when the tenant pool is narrow.
Peripheral districts around Granada, Seville, and Málaga can also be misleading. A cheap apartment far from jobs, transport, universities, hospitals, and daily amenities may show a good percentage yield but perform badly in real life.
For a foreign buyer, the better rule is to avoid apartments where the only attractive feature is the purchase price.
Which neighborhoods look risky even though the rental yield is high in Andalusia?
The neighborhoods that look risky even though the rental yield is high in Andalusia are Jerez Centro and cheaper inland or peripheral markets outside the main rental corridors.
Jerez Centro gives the highest modeled return, with net yields between 4.9% and 5.2% across the apartment types in the table. That is attractive, but it depends on buying the right central asset.
The risk is liquidity. A buyer may rent the apartment successfully but still face a slower resale process than in Málaga, Seville, Estepona, Torremolinos, or Benalmádena.
Peripheral areas can also show high yield because purchase prices are low, not because renter demand is unusually deep. That is a weaker kind of yield.
A safer comparison is Málaga Teatinos or Seville Alameda / San Luis. The headline net yield is lower than Jerez, but the renter base is deeper and the market is easier for a non-local buyer to understand.
The real signal is not only the yield percentage. It is the connection between the yield, the tenant pool, the building, and the exit market.
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What neighborhoods should I avoid when buying a rental apartment in Andalusia?
When buying a rental apartment in Andalusia, a beginner should avoid ultra-prime Marbella for income yield, very cheap inland towns for tenant-depth risk, and tourist-saturated Málaga Centro units if the plan depends on new short-term rental permissions.
Marbella Golden Mile should be avoided by yield-focused buyers, not because it is a weak address. It is a prestige market, but the modeled net yield of 2.4% to 2.5% is too low for an income-first strategy.
Nueva Andalucía needs the same caution. The area has golf, international schools, Puerto Banús proximity, and expat demand, but modeled net yields of 2.7% to 2.8% mean the rent does not fully compensate for the purchase price.
Very cheap inland towns should also be avoided unless the buyer understands the local tenant base. Low prices can hide slow resale, weak demand, and higher vacancy.
Málaga Centro requires more care when the business plan depends on tourism income. For long-term residential rental, it can still work, but the purchase price must match a realistic regulated rental strategy.
The simple beginner rule is this: avoid markets where the plan needs everything to go perfectly. Good rental apartments should still make sense under normal long-term rental assumptions.
Which neighborhoods are seeing rental demand weaken, and why, in Andalusia?
The neighborhoods where rental demand looks more fragile in Andalusia are tourist-heavy, high-priced coastal districts such as Marbella Golden Mile, Nueva Andalucía, Fuengirola, and some saturated Málaga Centro areas.
This does not mean rental demand has collapsed. The risk is that purchase prices have moved faster than rental income, which compresses yields and makes the investment case less forgiving.
Marbella Golden Mile shows the clearest pressure. The modeled studio rent is €870 per month, but the estimated purchase price is €280,000, leaving only 2.5% net yield.
Nueva Andalucía also looks stretched. A modeled 2-bedroom apartment rents for €1,450 per month, but the purchase price is €448,000, leaving 2.7% net yield.
Fuengirola is still liquid and practical, but the modeled net yields of 3.2% to 3.4% suggest that some of the transport, beach, and service advantages are already priced in.
The practical recommendation is to avoid paying today for rent growth that already happened. In high-price areas, the buyer should verify exact comparable rents before assuming more upside.
Which neighborhoods are seeing new developments that could create stronger rental demand in Andalusia?
The neighborhoods most likely to benefit from demand-creating development in Andalusia are Málaga Teatinos, Málaga west and metro-linked districts, Estepona Pueblo, and Seville metropolitan areas such as Triana / Los Remedios and Mairena del Aljarafe.
Málaga Teatinos has the strongest structural demand drivers in the dataset. University, hospitals, metro connectivity, and a broader technology and services economy help create renters, not just investor attention.
Estepona Pueblo benefits from a different kind of development story. Town-center improvements, new-build spillover, international demand moving west from Marbella, and better lifestyle amenities all support rental demand.
The table shows why this matters. Estepona Pueblo 1-bedroom apartments give 3.9% net yield, while more famous Marbella locations sit closer to 2.5% to 2.8%.
Seville Triana / Los Remedios has a stable urban base, with modeled net yields of 3.9% to 4.1%. Better access, services, and metropolitan demand can support this stability over time.
The key distinction is demand-creating development versus supply-only development. Transport, jobs, universities, hospitals, and public-realm upgrades matter more than simply adding more apartments.
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Spain. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
Which neighborhoods have become less attractive for apartment investors over the last 12 months in Andalusia?
The neighborhoods that have become less attractive for apartment investors over the last 12 months in Andalusia are mainly Marbella Golden Mile, Nueva Andalucía, Fuengirola, and parts of Málaga Centro.
These are still desirable areas, but the balance between purchase price, rent, net yield, regulation, and exit liquidity has become less forgiving.
Marbella Golden Mile is the clearest example because the modeled net yield is only 2.4% to 2.5%. A high rent does not help enough when the capital requirement is very high.
Nueva Andalucía is also weaker for income buyers. A 1-bedroom apartment at €336,000 and €1,110 monthly rent produces only 2.7% net yield.
Fuengirola remains practical because of beaches, services, and rail-linked access to Málaga, but the yield case has compressed. Modeled net yields range from 3.2% to 3.4%.
Málaga Centro is more nuanced. It still has strong demand, but tourist-rental restrictions and high buyer interest mean the investment case should be based on disciplined long-term rental assumptions.
The practical conclusion is not to avoid these areas blindly. It is to avoid overpaying for them when the rental income no longer supports the price.
Which apartment types are becoming harder to rent in Andalusia, and in which neighborhoods?
The apartment types becoming harder to rent in Andalusia are overpriced 2-bedroom apartments in premium coastal districts and weak-layout studios in tourist-saturated or low-liquidity areas.
In Marbella Golden Mile and Nueva Andalucía, 2-bedroom apartments need high monthly rent to justify the purchase price. The modeled 2-bedroom net yield is only 2.4% on the Golden Mile and 2.7% in Nueva Andalucía.
Those units can still rent, but they need a narrower tenant pool. The owner is often waiting for a premium tenant who can afford the location, the size, and the lifestyle at the same time.
Fuengirola and Benalmádena Costa are more liquid, but 2-bedroom apartments are still less yield-efficient than smaller units. They need good building condition, lift, terrace, parking, or location advantages to stand out.
Studios remain strong when they are central, walkable, and well furnished. Jerez Centro studios show 5.2% net yield, while Málaga Teatinos studios show 4.1% net yield.
But studios become harder to rent when the location is weak. A small apartment far from jobs, transport, universities, hospitals, or daily services can have a narrow tenant pool even if the yield looks high on paper.
For beginners, the safest Andalusia product is usually a well-located 1-bedroom apartment with realistic rent. It may not have the highest yield, but it often has better tenant depth.
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INSIGHTS
These insights are drawn from the Andalusia apartment rental yield dataset, with a focus on what a foreign individual buyer should understand before buying a residential apartment to rent out.
You’ll find even more insights in our our real estate pack about Andalusia.
- Jerez Centro is the strongest yield market in the dataset, but it is not the safest all-round market. The 5.2% studio net yield is attractive, but a beginner must weigh it against thinner resale liquidity.
- Seville Alameda / San Luis is one of the best balanced urban income plays in Andalusia. It offers net yields around 4.2% to 4.3% with central-city demand and a more understandable tenant pool.
- Málaga Teatinos is a practical stability market rather than a prestige market. Its appeal comes from university, hospitals, metro access, and everyday residential demand.
- Estepona Pueblo gives the best Costa del Sol balance in the table. It has stronger modeled net yield than Marbella while still benefiting from coastal lifestyle demand.
- Torremolinos La Carihuela / Centro remains more income-efficient than many better-known coastal districts. Net yields around 3.8% to 4.0% make it a practical coastal option.
- Marbella Golden Mile is a lifestyle and capital-preservation market, not a yield market. The modeled 2.4% to 2.5% net yield is too low for buyers whose main goal is rental income.
- Nueva Andalucía shows how high rent can still fail to create strong yield. The purchase price absorbs most of the rental advantage.
- Fuengirola is liquid, but its rental yield is compressed. A buyer gets services, rail access, and beach demand, but the income return is weaker than in Estepona Pueblo or Torremolinos.
- Studios usually outperform 2-bedroom apartments because rent per square meter is higher. This is especially useful for beginner buyers with limited capital.
- A 1-bedroom apartment is often the most balanced Andalusia product. It gives a wider tenant pool than a studio and a lower ticket size than a 2-bedroom apartment.
- Two-bedroom apartments need a clear tenant story. They work best in family, sharer, or high-income renter districts, but they are less efficient for pure yield.
- Cádiz Centro / Old Town has moderate yield because scarcity supports prices. The market is attractive, but the purchase price limits income efficiency.
- Granada Centro / Realejo is accessible and useful for beginners, but absolute monthly rent is lower than in Málaga, Seville, or the coast. That caps cash income even when the entry price is friendly.
- Málaga Centro has strong rent demand, but the regulatory context matters. A buyer should not base the investment case on easy tourist-rental upside.
- Net yield matters more than gross yield in Andalusia. Community fees, maintenance, vacancy, agency costs, insurance, and tax friction can materially change the real return.
- Coastal demand is not the same as rental-income efficiency. Some coastal areas are liquid because many people want to own there, not because rent fully justifies the price.
- The strongest beginner strategy is to buy tenant depth. Walkability, transport, hospitals, universities, jobs, and year-round services are usually better signals than a cheap purchase price alone.
- Andalusia is a collection of submarkets. Jerez, Seville, Málaga, Granada, Cádiz, Marbella, and the Costa del Sol should not be evaluated with one simple average yield.
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OUR METHODOLOGY TO BUILD THIS TRACKER
To estimate purchase price, monthly rent, and apartment rental yield in Andalusia, we built the tracker manually from the ground up by neighborhood and apartment type. We did not reuse a third-party yield dataset.
For each neighborhood, area, and property type covered in the tracker, we manually researched current residential sale and rental listings across major real estate platforms relevant to Andalusia, including idealista, Fotocasa, and pisos.com.
First, we collected comparable sale listings for each neighborhood and apartment type. We then cleaned the sample and kept only reasonably comparable properties based on location, property type, size, condition, and listing quality.
Duplicate listings, unrealistic asking prices, luxury outliers, distressed assets, serviced-style offers, incomplete listings, and other properties that would distort the estimate were removed from the sample.
Sale prices were normalized where possible on a price per square meter basis. We used the median price as the main reference when the sample allowed it, and used the average only when the listing sample was clean and not distorted by outliers.
We built the rental side of the dataset separately. For the same neighborhood and apartment type, we collected rental listings, removed outliers and non-comparable listings, and estimated a realistic monthly rent using the median rent where possible.
Purchase prices and rents were then matched by neighborhood and apartment type to estimate gross rental yield. The gross rental yield was calculated as annual rent divided by estimated purchase price.
To estimate net rental yield, we did not apply one flat discount to every apartment. The deduction was adjusted by neighborhood and property type because different residential apartments have different cost structures.
The net yield adjustment considers the costs and risks that matter for each segment, including community fees, vacancy risk, maintenance, management costs, agent fees, tax friction, repairs, utilities, service charges, building costs, and other operating costs when relevant.
Each estimate was assigned a confidence level based on the quality and size of the comparable listing sample. Around 30 to 40 comparable listings means higher confidence, 20 to 30 comparable listings means usable but less robust, and fewer than 20 comparable listings means directional only unless the comparable area is widened.
These estimates are structured market estimates, not guarantees of future rental income. Rent achieved by a real buyer will depend on the exact street, building, floor, condition, furnishing, lease type, tenant quality, and negotiation.
We update this work regularly because apartment prices, rents, regulation, listing quality, and investor demand change over time. Honesty, quality, and rigor are central to our work, and they are also what you will find in our real estate pack about Andalusia.
