🇪🇸 Spain Rental Yield Calculator
Spain-specific calculator with IRPF tax status selector (EU/EEA 19%, Non-EU 24%), IBI municipal tax, community fees (gastos de comunidad), and full purchase cost modelling. Results update in real time.
Agreed purchase price excluding transaction costs
Expected monthly rent for a standard 80 m² apartment
EU/EEA: 19% on net income. Non-EU: 24% on gross. Residents: progressive IRPF with 60% deduction for long-term lets.
Applied to estimated cadastral value (approx. 40% of purchase price). Check your municipality's rate.
Typical range: €50–200/month depending on building and services.
Includes ITP (6–11%), notary (~0.5–1%), registry (~0.3%), legal/gestoría (~1%). Typically 10–14%.
Percentage of year the property sits empty. Spain average: 3–7% for well-located urban properties.
Annual maintenance cost as % of purchase price. Typically 0.5–1.5%.
Net yield (on total investment)
3.56%
After tax, IBI, community fees, maintenance and vacancy
Gross yield
6.72%
On purchase price
Monthly cash flow
€830
After all costs
Annual cost breakdown
Investment summary
IBI is calculated on an estimated cadastral value (40% of purchase price). Actual cadastral values vary significantly by property and municipality. IRPF calculations are simplified estimates — consult a Spanish tax adviser (asesor fiscal) for precise figures. This tool is for estimation purposes only and does not constitute tax or financial advice.
Frequently asked questions
How is rental income taxed in Spain for non-residents?
EU and EEA non-residents pay a flat 19% tax on net rental income (gross rent minus allowable expenses such as community fees, IBI, maintenance, and mortgage interest). Non-EU non-residents pay 24% on gross rental income with no expense deductions. Non-residents must file quarterly returns using Modelo 210 with the Spanish tax authority (AEAT).
What is IBI and how much does it cost?
IBI (Impuesto sobre Bienes Inmuebles) is an annual property tax levied by each municipality on the cadastral value of the property. Rates range from approximately 0.4% to 1.1% depending on the municipality. Since cadastral values are typically 20–50% of market value, the effective annual cost is usually 0.1–0.3% of the purchase price. IBI is paid by the owner and cannot be passed to the tenant.
What are the purchase costs when buying property in Spain?
For second-hand properties, the main cost is ITP (Impuesto sobre Transmisiones Patrimoniales), a regional transfer tax ranging from 6% (La Rioja, Navarre) to 11% (Balearics for higher values). New-build properties attract 10% IVA (VAT) plus stamp duty of 0.5–2%. Add notary fees (~0.5–1%), property registry (~0.2–0.5%), and legal/gestión fees (~0.5–1%). Total acquisition costs typically run 10–14% on top of the purchase price.
What is a zona tensionada and how does it affect rental returns?
A zona tensionada (tensioned zone) is a designation under Spain's 2023 Housing Law (Ley de Vivienda) for areas where housing costs are high relative to income. In these zones, rent increases on new contracts may be capped. For Spanish tax residents, the IRPF deduction for long-term lets is reduced from 60% to 50% for new contracts signed in tensioned zones. Catalonia has implemented the widest restrictions; check the current status for your specific municipality before investing.
What is a good net rental yield in Spain?
For a well-located Spanish rental property, a net yield of 4–5% after IRPF, IBI, and running costs is considered solid. Provincial cities like Murcia, Almería, Cartagena, and Salamanca show gross yields of 7–9%, offering stronger cash flow at the cost of lower liquidity. Madrid and Barcelona typically yield 5–6% gross but offer the deepest, most liquid markets. A net yield above 3.5% with low vacancy risk is generally considered viable for a long-term hold strategy.