Granada
Rental yield in Almanjáyar
Almanjáyar is an affordable area for Granada, with a high rental yield and a Total Return above the city average. Here is what a typical flat in Almanjáyar costs to buy and rent, and the Total Return (IRR) it delivers, compared with the other areas of Granada.
Sale price
1,348
€/m² · second-hand homes
Rent
7.8
€/m² per month · market rate
Gross yield
6.9%
annual rent ÷ price
Total Return
10.3%
10-year IRR · typical flat
Appreciation
+4.5%
a year, 10-15 year history
Cash flow
€44
per month, year 1, after tax
What the data says
Almanjáyar is an area of Granada. The reference sale price is €1,348/m², based on the Fotocasa index adjusted to transaction prices: 48% below the Granada median (€2,613/m²). It ranks 27 of 29 neighbourhoods in Granada by price.
The achievable market rent is around €7.8/m² per month (district figure adjusted to the neighbourhood's rent structure; idealista asking rents adjusted to achievable rent): about €702 a month for a typical 90 m² flat, with no legal cap. The gross yield (annual rent ÷ price) comes to 6.9%, 2.4 points above the city median (4.5%): rank 5 of 29 by gross yield.
With a 70% mortgage at 3.80% over 25 years and a sale after 10 years, the estimated Total Return (IRR) for that typical flat is 10.3%, above the Granada median (7.1%). It takes about €46,870 of cash (deposit, taxes and costs), and first-year cash flow after tax is €44 a month.
Asking prices in its district have grown by an average of 4.5% a year over the last 10 and 15 years (idealista, December 2025). Historical, not a forecast: it is the appreciation the modelled sale assumes.
A typical flat in Almanjáyar
The same standard assumptions as the CasaROI map: change the mortgage, term or tax profile in your account and the Total Return is recalculated for your case.
- Size
- 90 m²
- Purchase price
- €121,320
- Monthly rent
- €702
- Cash needed · deposit + transfer tax + costs
- €46,870
- Monthly cash flow (year 1)
- €44
- Total Return (IRR)
- 10.3%
Assumptions: 70% mortgage over 25 years at 3.80%, sale after 10 years, Spanish tax resident at a 37% marginal rate, no renovation.
Nearest areas, ranked by gross yield
| Area | €/m² | Rent €/m² | Gross | IRR |
|---|---|---|---|---|
| Casería de Montijo | 1,208 | 10.7 | 10.6% | 15.4% |
| La Paz | 1,543 | 9.0 | 7.0% | 8.7% |
| Almanjáyar | 1,348 | 7.8 | 6.9% | 10.3% |
| Cerrillo de Maracena - Periodistas | 2,051 | 10.4 | 6.1% | 7.6% |
| Joaquina Eguaras | 1,814 | 8.8 | 5.8% | 7.0% |
| San Francisco Javier | 2,793 | 10.2 | 4.4% | 4.9% |
| Bobadilla | 2,797 | 9.5 | 4.1% | 8.4% |
| Parque Lagos | 3,654 | 9.5 | 3.1% | 2.8% |
| Haza Grande | 3,373 | 8.4 | 3.0% | 4.9% |
Frequently asked questions
How much does a square metre cost in Almanjáyar?
€1,348/m² on average, based on the Fotocasa index adjusted to transaction prices. A typical 90 m² flat costs about €121,320, 48% below the Granada median.
How much is rent in Almanjáyar?
Around €7.8/m² per month at market rates: €702 a month for a 90 m² flat, with no legal cap.
Is Almanjáyar a good buy-to-let investment?
The gross yield is 6.9% (Granada median: 4.5%). With a 70% mortgage and a sale after 10 years, the estimated Total Return (IRR) is 10.3% against a city median of 7.1%. It depends on your financing and tax residency: with your own profile the number can change.
Is Almanjáyar in a stressed rental zone?
No. Granada is not a declared stressed rental zone: rents are set by the market, with no legal cap.
Buying in Almanjáyar?
Paste the listing and we tell you whether it holds up at that price: legal rent, taxes, red flags and a verdict.
Sources and method
- Sale: Fotocasa · neighbourhood sale-price index (June 2026) · ÷1,13 a precio de transacción (calibrado vs registral Madrid/BCN)
- Rent: idealista · informe de alquiler por neighbourhood donde se publica, si no ancla del district/city (June 2026) ajustada a renta alcanzable (×0,95) con la estructura declarada SERPAVI del neighbourhood (Sistema Estatal de Índices 2024)
- Appreciation: average of the 10- and 15-year rates of the area's asking price — historical, not a forecast