Murcia
Rental yield in San Pedro
San Pedro is an expensive area for Murcia, with an average rental yield and a Total Return in line with the city average. Here is what a typical flat in San Pedro costs to buy and rent, and the Total Return (IRR) it delivers, compared with the other areas of Murcia.
Sale price
2,132
€/m² · second-hand homes
Rent
10.8
€/m² per month · market rate
Gross yield
6.1%
annual rent ÷ price
Total Return
7.0%
10-year IRR · typical flat
Appreciation
+2.8%
a year, 10-15 year history
Cash flow
-€11
per month, year 1, after tax
What the data says
San Pedro is an area of Murcia. The reference sale price is €2,132/m², based on the Fotocasa index adjusted to transaction prices: 37% above the Murcia median (€1,553/m²). It ranks 13 of 48 neighbourhoods in Murcia by price.
The achievable market rent is around €10.8/m² per month (district figure adjusted to the neighbourhood's rent structure; idealista asking rents adjusted to achievable rent): about €972 a month for a typical 90 m² flat, with no legal cap. The gross yield (annual rent ÷ price) comes to 6.1%, 0.9 points below the city median (7.0%): rank 32 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 7.0%, in line with the Murcia median (6.9%). It takes about €75,002 of cash (deposit, taxes and costs), and first-year cash flow after tax is -€11 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 San Pedro
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
- €191,880
- Monthly rent
- €972
- Cash needed · deposit + transfer tax + costs
- €75,002
- Monthly cash flow (year 1)
- -€11
- Total Return (IRR)
- 7.0%
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 |
|---|---|---|---|---|
| Barriomar - La Purísima | 1,180 | 9.8 | 10.0% | 11.6% |
| San Andrés - San Antolín | 1,612 | 9.4 | 7.0% | 8.1% |
| El Carmen | 1,680 | 9.3 | 6.6% | 7.6% |
| San Pedro | 2,132 | 10.8 | 6.1% | 7.0% |
| San Nicolás | 2,119 | 9.7 | 5.5% | 6.0% |
| Santa Catalina - San Bartolomé | 2,693 | 10.6 | 4.7% | 4.9% |
| San Miguel | 2,888 | 10.3 | 4.3% | 4.2% |
| Vistalegre | 2,827 | 9.8 | 4.2% | 3.9% |
| La Catedral | 3,405 | 10.1 | 3.6% | 3.0% |
Frequently asked questions
How much does a square metre cost in San Pedro?
€2,132/m² on average, based on the Fotocasa index adjusted to transaction prices. A typical 90 m² flat costs about €191,880, 37% above the Murcia median.
How much is rent in San Pedro?
Around €10.8/m² per month at market rates: €972 a month for a 90 m² flat, with no legal cap.
Is San Pedro a good buy-to-let investment?
The gross yield is 6.1% (Murcia median: 7.0%). With a 70% mortgage and a sale after 10 years, the estimated Total Return (IRR) is 7.0% against a city median of 6.9%. It depends on your financing and tax residency: with your own profile the number can change.
Is San Pedro 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 San Pedro?
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