Rental housing yields an average of 4.75% in the city of Barcelona as a whole, according to 2023 data from the Housfy Rental platform, based in El Parc i la Llacuna del Poblenou.
The data is heterogeneous in each neighborhood of the city, depending on the average price of housing and rental demand in the area.
The district with the highest profitability, 6.58%, is Sant Martí, which includes areas with high levels of gentrification (such as Poblenou or Fòrum). The Sants-Montjuïc (6.00%), Nou Barris (5.10%) and Horta-Guinardó (5.09%) districts are also above the average profitability of Barcelona, ??all located on the outskirts of the city.
The Eixample equals the city average (4.75%). The districts that are slightly below are Les Corts (4.67%), Gràcia (4.66%), Sant Andreu (4.24%) and Ciutat Vella (4.12%).
Sarrià-Sant Gervasi (3.16%) is the district with the lowest rental profitability, as it houses the homes with the highest price per square meter in the entire city.
The city of Madrid offers an average gross profitability of 5.56%, with maximums in Puente de Vallecas (8.28%), Villaverde (7.52%) or Carabanchel (7.28%), all in the southern periphery .
The most central or southern neighborhoods, according to this Housfy data, offer lower profitability; Examples of this are Chamberí (2.58%), Salamanca (3.21%), Retiro (3.53%) or Moncloa-Aravaca (3.65%).
The profitability of rental housing is usually lower in large cities such as Barcelona or Madrid and higher in second cities. According to the same report, Mataró has 8.07%, while Terrassa (6.97%) and l’Hospitalet (6.62%), tighter, still exceed those of the Catalan capital.
Alicante (9.12%) and Palma (8.03%) also stand out with very attractive returns, as well as València (6.10%), a little more modest.
In the Community of Madrid, second cities such as Alcalá de Henares (7.32%) and Móstoles (7.06%) surpass the capital in average profitability. And in Andalusia, the city of Malaga (5.37%) has a higher figure than Seville (3.75%), always according to Housfy data.
The average rental profitability throughout the State, according to Housfy data, is 5.56%. The figure is obtained using the gross profitability formula and does not include the price variation that occurs over time and that can lead to a long-term revaluation of the asset.
The 10-year State bonds, this 2023, have offered a return of 2.9% on average, according to the Bank of Spain. Nor have household deposits surpassed the profitability of rental housing, which offered an average return of 2.6%.
The rental income containment measures, which began to be applied in Barcelona in mid-March, do not aim to reduce the profitability of existing rentals, although they may limit the profitability of new contracts.
It is said that investors, if they see their profitability compromised, will abandon the idea of ??buying to rent, which in turn could relax the buying and selling market.