Granada
Rental yield in Pajaritos
Pajaritos is a mid-priced area for Granada, with an average rental yield and a Total Return below the city average. Here is what a typical flat in Pajaritos costs to buy and rent, and the Total Return (IRR) it delivers, compared with the other areas of Granada.
Sale price
2,447
€/m² · second-hand homes
Rent
9.9
€/m² per month · market rate
Gross yield
4.9%
annual rent ÷ price
Total Return
6.1%
10-year IRR · typical flat
Appreciation
+3.3%
a year, 10-15 year history
Cash flow
-€188
per month, year 1, after tax
What the data says
Pajaritos is an area of Granada. The reference sale price is €2,447/m², based on the Fotocasa index adjusted to transaction prices: 6% below the Granada median (€2,613/m²). It ranks 19 of 29 neighbourhoods in Granada by price.
The achievable market rent is around €9.9/m² per month (district figure adjusted to the neighbourhood's rent structure; idealista asking rents adjusted to achievable rent): about €891 a month for a typical 90 m² flat, with no legal cap. The gross yield (annual rent ÷ price) comes to 4.9%, 0.4 points above the city median (4.5%): rank 11 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 6.1%, below the Granada median (7.1%). It takes about €83,615 of cash (deposit, taxes and costs), and first-year cash flow after tax is -€188 a month.
Asking prices in its district have grown by an average of 3.3% 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 Pajaritos
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
- €220,230
- Monthly rent
- €891
- Cash needed · deposit + transfer tax + costs
- €83,615
- Monthly cash flow (year 1)
- -€188
- Total Return (IRR)
- 6.1%
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 |
|---|---|---|---|---|
| Cartuja | 1,269 | 10.3 | 9.7% | 12.6% |
| Pajaritos | 2,447 | 9.9 | 4.9% | 6.1% |
| San Ildefonso | 2,520 | 10.1 | 4.8% | 9.2% |
| San Matías - Realejo | 3,056 | 11.5 | 4.5% | 3.9% |
| Centro - Sagrario | 2,950 | 11.1 | 4.5% | 5.9% |
| Camino de Ronda | 2,726 | 10.2 | 4.5% | 5.8% |
| Plaza de Toros | 2,715 | 10.1 | 4.5% | 5.0% |
| Fígares | 2,804 | 10.0 | 4.3% | 5.5% |
| Barrio de Albaicín | 3,419 | 11.0 | 3.9% | 6.2% |
Frequently asked questions
How much does a square metre cost in Pajaritos?
€2,447/m² on average, based on the Fotocasa index adjusted to transaction prices. A typical 90 m² flat costs about €220,230, 6% below the Granada median.
How much is rent in Pajaritos?
Around €9.9/m² per month at market rates: €891 a month for a 90 m² flat, with no legal cap.
Is Pajaritos a good buy-to-let investment?
The gross yield is 4.9% (Granada median: 4.5%). With a 70% mortgage and a sale after 10 years, the estimated Total Return (IRR) is 6.1% against a city median of 7.1%. It depends on your financing and tax residency: with your own profile the number can change.
Is Pajaritos 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 Pajaritos?
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