Business · Economy · 2 hrs ago
Toledo leads Spanish provinces for rental property returns at 9.2%
Buying a home to rent remains a popular investment choice in Spain.
Fotocasa data for September 2026 show Toledo had the highest rental return, at 9.2%.
Ciudad Real followed at 8.4%, while Valencia reached 8.3% and Teruel 8.1%.
Seven provinces recorded returns of at least 8%, and eight more reached at least 7%.
The return depends on expected rent and the purchase price, and both have been rising.
Average rents rose 2.4% over the year to August, while the average price of a home rose 12.5% in the second quarter compared with a year earlier.
Upcoming housing decrees could change expectations for future returns.
Toledo had Spain’s highest reported rental property return, at 9.2%, according to Fotocasa data for September 2026.
Ciudad Real followed at 8.4%, while Valencia recorded 8.3% and Teruel 8.1%.
Seven Spanish provinces offered returns of at least 8%, one more than a year earlier.
Rental yields depend on expected rent returns and the cost of buying a home, both of which have been rising.
- Who
- Property investors and prospective landlords in Spain.
- What
- Toledo led Spanish provinces for rental property returns, with a reported return of 9.2%.
- When
- The figures are for September 2026.
- Where
- Toledo, Spain; the article also compares provinces across Spain.
- Why
- The reported return reflects expected rental income relative to the cost of buying a home.
This story does not have two clearly opposing sides.
Rental housing prices rose 1.6% from the previous month and 2.4% year on year, according to Fotocasa.
The average price of a free-market home reached €2,355 per square metre, up 12.5% year on year, according to the Ministry of Housing and Urban Agenda.
Fotocasa data showed Toledo had a rental property return of 9.2%, the highest among Spanish provinces.
- Leading province
- Toledo
- Toledo rental return
- 9.2%
- Second-highest province
- Ciudad Real, at 8.4%
- Valencia rental return
- 8.3%
- Provinces with returns of at least 8%
- 7
- Fotocasa data period
- September 2026
Sources
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