The gross profitability of the purchase of a home to put it on the rental market has grown slightly during the second quarter to 7.2%, since in the second quarter of 2021 the return it offered stood at 7.1% . According to him report by idealistathe yield obtained more than doubles, in the worst case, the rates offered by 10-year State Bonds (2.5%).
According to this study, which relates the sale and rental prices of different real estate products to calculate their gross profitability, offices remain the most profitable investment. Buying an office in Spain to rent it offers a gross return of 11.2%, compared to 11.4% 12 months ago. The premises offer a yield of 9.3% (9.4% a year ago) and in the case of garages it stands at 6.2%, lower than the 6.5% at the end of June 2021.
Housing profitability
Among the Spanish capitals, Lleida and Murcia are the most profitable, with 8.6% in both cases. They are followed by Huelva (8.1%), Cuenca (7.9%) and Almería (7.4%). However, the lowest returns in Spain are those obtained by the owners of rental homes in San Sebastián (3.6%), Palma (4.4%), Pamplona (4.5%), A Coruña (4, 6%) and Ourense (4.9%). In Madrid, profitability is also at 4.9%, and in Barcelona it rises to 5.1%.
Profitability of commercial premises
Locals are the product with the highest profitability in almost all capitals. The highest return is obtained in Ávila (11.4%), Murcia and Lugo (10.6% in both cases). They are followed by the returns of Lleida and Zaragoza (10.5% in the two cities), Bilbao (10.1%) and Huelva (10%). In Barcelona and Madrid, the rate stands at 8.5% and 8.1% respectively.
Albacete is the capital in which the profitability of the premises is lower, with 7.2%. The lower part of the table is completed with A Coruña (7.3%), Jaén (7.4%), Salamanca (7.5%), Teruel (7.8%) and Badajoz (7.9%).
Office profitability
Las Seville offices They present the juiciest return among the capitals, with a gross profitability of 11.7%. They are followed by Huelva (10.2%), Toledo (9.8%), Almería (9.3%) and Málaga (9%). In Madrid, profitability stands at 6.6%, the same return as in Barcelona.
On the opposite side, we find the returns of A Coruña (6.2%), Bilbao (6.3%), Palma, Ourense and Santa Cruz de Tenerife (6.5% in all three cases). The office market is not as uniform as that of other products, so it is impossible to obtain statistical data for almost half of the Spanish capitals.
Garage profitability
The garages are, in contrast, the least profitable product for the investor in many capitals. The highest profitability is obtained in Castellón de la Plana (8.6%), Murcia (7.8%), Ávila (6.8%), Pamplona (6.5%), Toledo (6.4%) and Barcelona (6.3%). In Madrid, the rate of return stands at 4.8%.
The capital with the least profitable garages is Salamanca, with 2.5%, followed by Ourense (3.2%), Jaén, Vitoria and Granada (3.5% in the three markets).
Methodology
For the preparation of this idealistic study, the sale price offered has been divided between the rental price requested by the owners in the different markets referring to the quarterly indices of homes, premises, garages and offices corresponding to the second quarter of 2022. The result obtained It is the gross percentage of return that an owner provides by renting his home. This data facilitates the analysis of the current state of the market and is a basic starting point for all those investors who want to buy real estate assets in order to obtain benefits.
