Rental yield in Spain is not one number but a map. Below we have computed the average, minimum and maximum gross yield for every region and city in our database, sorted by average yield. These are pre-tax estimates: for net yield after Spanish taxes, use our ROI calculator.
| Range | |||||
|---|---|---|---|---|---|
| AlicanteTop | 5.7% | 4.0–7.0% | €120,000 | €3,699 | 43 |
| Valencia | 5.6% | 4.1–6.5% | €341,000 | €3,382 | 10 |
| Málaga | 5.6% | 4.0–7.0% | €229,000 | €5,180 | 47 |
| Illes Balears | 5.5% | 4.1–6.8% | €263,000 | €6,375 | 16 |
| Las Palmas | 5.5% | 4.5–6.9% | €382,000 | €4,371 | 6 |
| Santa Cruz de Tenerife | 5.1% | 4.1–6.2% | €336,000 | €4,601 | 8 |
Click a column header to sort the table.
Pick a region and a budget — we turn the region’s average gross yield into rental income and show what is left after non-resident tax.
Estimate: tax applied to gross income with no deductions; vacancy, management and running costs not included. The full net model lives in the ROI calculator.
Get the full number in the ROI calculator →| Coast | Range | |||||
|---|---|---|---|---|---|---|
| Guardamar del SeguraTop | Costa Blanca | 6.1% | 4.2–7.0% | €120,000 | €3,019 | 5 |
| Calpe | Costa Blanca | 6.0% | 4.8–7.0% | €259,000 | €3,947 | 6 |
| Marbella | Costa del Sol | 5.9% | 4.2–7.0% | €440,000 | €6,534 | 7 |
| Estepona (New Golden Mile) | Costa del Sol | 5.9% | 5.0–6.8% | €343,000 | €5,663 | 7 |
| Málaga (Ciudad) | Costa del Sol | 5.9% | 4.2–7.0% | €268,000 | €4,390 | 7 |
| Gandía | Costa de Valencia | 5.8% | 5.1–6.5% | €368,000 | €3,042 | 6 |
| Finestrat | Costa Blanca | 5.8% | 4.1–7.0% | €335,000 | €3,724 | 6 |
| Mijas Costa | Costa del Sol | 5.7% | 4.7–6.7% | €246,000 | €4,469 | 4 |
| Benalmádena | Costa del Sol | 5.7% | 4.5–7.0% | €229,000 | €4,432 | 7 |
| Dénia | Costa Blanca | 5.7% | 4.9–6.8% | €256,000 | €3,404 | 4 |
| Santa Ponsa | Mallorca | 5.6% | 4.5–6.7% | €394,000 | €6,905 | 6 |
| Orihuela Costa | Costa Blanca | 5.6% | 4.3–7.0% | €229,000 | €3,465 | 6 |
| Maspalomas | Canary Islands | 5.5% | 4.5–6.9% | €382,000 | €4,371 | 6 |
| Jávea | Costa Blanca | 5.5% | 4.3–6.9% | €210,000 | €4,625 | 7 |
| Torrevieja | Costa Blanca | 5.5% | 4.0–7.0% | €367,000 | €2,853 | 4 |
| Palma | Mallorca | 5.5% | 4.2–6.8% | €277,000 | €6,629 | 6 |
| Alcúdia | Mallorca | 5.5% | 4.1–6.4% | €263,000 | €5,201 | 4 |
| Benidorm | Costa Blanca | 5.5% | 4.1–6.7% | €452,000 | €3,949 | 5 |
| Fuengirola | Costa del Sol | 5.4% | 4.1–7.0% | €254,000 | €4,472 | 6 |
| Adeje | Canary Islands | 5.3% | 4.8–5.6% | €336,000 | €5,088 | 4 |
| Valencia (Ciudad) | Costa de Valencia | 5.2% | 4.1–6.2% | €341,000 | €3,892 | 4 |
| Playa San Juan | Canary Islands | 4.9% | 4.1–6.2% | €444,000 | €4,115 | 4 |
| San Pedro de Alcántara | Costa del Sol | 4.8% | 4.3–5.2% | €264,000 | €6,054 | 4 |
| Estepona | Costa del Sol | 4.7% | 4.0–6.1% | €357,000 | €5,481 | 5 |
Click a column header to sort the table.
The pattern is consistent: yields are higher where the entry price is lower. The affordable Costa Blanca (Torrevieja, Guardamar, Orihuela Costa) consistently beats the premium Costa del Sol on gross yield, because rents fall more slowly than prices. For the same money on the Costa Blanca you buy more square metres, which generate more rent per euro invested.
Premium markets — Marbella and Mallorca — show lower rental yields, but that is a deliberate trade-off: buyers here earn mostly from capital growth and liquidity, not rental flow. The Canaries stand apart: a year-round climate removes the dead winter season, so real occupancy is higher than the gross figure suggests.
Important: gross yield ignores tax, vacancy and management costs. The rental tax rate is 19% for EU non-residents and 24% for non-EU, and net yield is typically 1–2 percentage points below gross. Before comparing areas on money, run the numbers through our ROI calculator.
A gross yield of 4–7% is considered good. Affordable areas like Torrevieja and Guardamar on the Costa Blanca lean to the top of that range; premium ones like Marbella and Mallorca to the bottom, but with stronger capital growth.
In our data the Costa Blanca (Alicante province) consistently shows the highest gross yield — thanks to a low entry price with strong tourist and expat demand. The Canaries are close behind on year-round occupancy.
Gross yield is annual rent divided by purchase price, with no deductions. Net yield accounts for rental tax (19/24% for non-residents), vacancy and management costs, and is usually 1–2 points lower. Compute net in our ROI calculator.
We show gross yield: estimated annual rent divided by the listing price. The figures come from our own database of 130 listings, broken down by region and city. Taxes, vacancy and management are excluded — our ROI calculator adds those on top.
On the coasts short lets gross more, but they require a tourist licence, a national registry number (from 1 July 2025) and community consent for stays under 30 days, plus management costs. Long-term rental is steadier with far less admin. Many owners underwrite the purchase on long-term rent and treat seasonal upside as a bonus.
Coastal Mediterranean areas typically see strong summer occupancy with a weak winter shoulder. The Canary Islands are the exception, with year-round demand. Prudent investors model around 60–75% occupancy rather than peak-season figures.