The gross rental yield in Spain stood at 7.12% in February, which represents an advance of just over one point compared to the same month of 2025, when it was 5.99%, and a slight increase of three hundredths compared to January, when it marked 7.09%, according to figures released by Pisos.com.
With these profitability levels, an owner obtained a gross annual income of 15,606 euros for renting a home acquired for that purpose. This calculation starts from an average purchase price of 219,150 euros for a typical 90-square-meter home, with the square meter valued at 2,435 euros, and an average monthly rent of 1,300 euros.
"There are fewer and fewer flats available because many owners avoid renting due to legal uncertainty and changing regulations. This situation generates high competition among tenants, which further drives up prices," stated the director of Studies at Pisos.com, Ferran Font.
Tarragona, Seville and Jaén lead rental profitability
Among the provincial capitals, the average rental yield moved in a range that goes from 8.15% in Tarragona, at the top of the table, to 3.84% in San Sebastián, which closes the ranking.
Within the group of cities with the highest returns for the landlord, Tarragona (8.15%), Seville (8.08%), Jaén (7.39%), Huesca (7.30%), Ávila (7.13%), Castellón de la Plana (7.12%), Murcia (7.01%), Segovia (6.99%), Barcelona (6.99%) and Córdoba (6.99%) stood out.
On the opposite end, the capitals with the lowest profitability margins were San Sebastián (3.84%), Palma (4.42%), Girona (4.49%), Cádiz (4.57%), Pamplona (4.67%), A Coruña (4.68%), Salamanca (4.80%), Bilbao (4.9%), Logroño (4.9%) and Santander (4.91%).