Murcia
Rental yield in La Paz
La Paz is a mid-priced area for Murcia, with a high rental yield and a Total Return above the city average. Here is what a typical flat in La Paz costs to buy and rent, and the Total Return (IRR) it delivers, compared with the other areas of Murcia.
Sale price
1,320
€/m² · second-hand homes
Rent
9.1
€/m² per month · market rate
Gross yield
8.3%
annual rent ÷ price
Total Return
9.7%
10-year IRR · typical flat
Appreciation
+2.8%
a year, 10-15 year history
Cash flow
€130
per month, year 1, after tax
What the data says
La Paz is an area of Murcia. The reference sale price is €1,320/m², based on the Fotocasa index adjusted to transaction prices: 15% below the Murcia median (€1,553/m²). It ranks 32 of 48 neighbourhoods in Murcia by price.
The achievable market rent is around €9.1/m² per month (district figure adjusted to the neighbourhood's rent structure; idealista asking rents adjusted to achievable rent): about €819 a month for a typical 90 m² flat, with no legal cap. The gross yield (annual rent ÷ price) comes to 8.3%, 1.3 points above the city median (7.0%): rank 11 of 48 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 9.7%, above the Murcia median (6.9%). It takes about €47,122 of cash (deposit, taxes and costs), and first-year cash flow after tax is €130 a month.
Asking prices in its district have grown by an average of 2.8% 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 La Paz
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
- €118,800
- Monthly rent
- €819
- Cash needed · deposit + transfer tax + costs
- €47,122
- Monthly cash flow (year 1)
- €130
- Total Return (IRR)
- 9.7%
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 |
|---|---|---|---|---|
| La Paz | 1,320 | 9.1 | 8.3% | 9.7% |
| Vistabella | 1,473 | 9.6 | 7.8% | 9.2% |
| La Fama | 1,620 | 10.4 | 7.7% | 9.2% |
| San Juan | 1,659 | 9.7 | 7.0% | 8.2% |
| Infante Juan Manuel | 1,713 | 8.9 | 6.2% | 7.0% |
| Santa Eulalia | 2,132 | 9.7 | 5.5% | 6.0% |
| La Flota | 2,351 | 10.3 | 5.3% | 6.4% |
| La Catedral | 3,405 | 10.1 | 3.6% | 3.0% |
| San Lorenzo | 3,302 | 9.3 | 3.4% | 2.6% |
Frequently asked questions
How much does a square metre cost in La Paz?
€1,320/m² on average, based on the Fotocasa index adjusted to transaction prices. A typical 90 m² flat costs about €118,800, 15% below the Murcia median.
How much is rent in La Paz?
Around €9.1/m² per month at market rates: €819 a month for a 90 m² flat, with no legal cap.
Is La Paz a good buy-to-let investment?
The gross yield is 8.3% (Murcia median: 7.0%). With a 70% mortgage and a sale after 10 years, the estimated Total Return (IRR) is 9.7% against a city median of 6.9%. It depends on your financing and tax residency: with your own profile the number can change.
Is La Paz in a stressed rental zone?
No. Murcia is not a declared stressed rental zone: rents are set by the market, with no legal cap.
Buying in La Paz?
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