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 same period of 2021 the return it offered stood at 7.1% – According to the report carried out by Idealista, the yield doubles or more, in the worst case, than the rates offered by the 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 return, offices remain the most profitable investment. For example, buying an office in Spain to rent it offers a gross return of 11.2%, compared to 11.4% a year ago. The premises offer a return of 9.3% (9.4% a year ago) and in the case of garages it stands at 6.2%, below 6.5% at the end of June 2021.

Housing profitability

Among the Spanish capitals, the most profitable are Lleida and Murcia, 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 achieved by 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 4.9%, and in Barcelona it rises to 5.1%.

Profitability of commercial premises

Locals are the product that has the highest profitability in almost all capitals. The highest return is obtained in Ávila (11.4%), Murcia and Lugo (10.6% in both cases). By profitability, it is followed by Lleida and Zaragoza (10.5% in both 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 ranking is completed with A Coruña (7.3%), Jaén (7.4%), Salamanca (7.5%), Teruel (7.8%) and Badajoz (7.9%).

Office profitability

The Seville offices have the highest return among the capitals, with a gross return of 11.7%. They are followed by Huelva (10.2%), Toledo (9.8%), Almería (9.3%) and Málaga (9%). However, Madrid and Barcelona present the same return, 6.6%.

On the contrary, 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

Garages are 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).

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