Short answer: in Palencia, a typical 80 m² flat has an average appraisal value of about €117,700 (2T 2026, 1,471 €/m²) and rents for about €461 a month (2024 median, 5.76 €/m²). The gross yield is 5.8% with 2024 price and rent, and 4.7% with the 2T 2026 price. Buying it with an 80% mortgage would take about €34,528 in savings.
That is 0.6 points above the median of the 306 municipalities with data (5.2%).
Rent range (2024): median €450 a month (5.76 €/m²); half of the rented homes pay between €380 and €514 a month (4.67–7.16 €/m², 25th to 75th percentile). Homes analysed: 4,832 rented apartments declared for tax purposes; median size 82 m².
Price, rent and buying costs by flat size
The same price and rent per m² applied to four sizes. Costs are those of a resale home bought as an investment in Castilla y León (general transfer tax rate, no main-home reductions) with an 80% mortgage.
| Size | Price (2T 2026) | Rent/month (2024) | Gross yield* | Buying costs | Savings needed |
|---|---|---|---|---|---|
| 60 m² | €88,300 | €346 | 4.7% | €8,577 | €26,237 |
| 80 m² | €117,700 | €461 | 4.7% | €10,988 | €34,528 |
| 100 m² | €147,100 | €576 | 4.7% | €13,399 | €42,819 |
| 120 m² | €176,500 | €691 | 4.7% | €15,782 | €51,082 |
Sources. Price: average appraisal value of free-market housing, municipalities over 25,000 inhabitants (table 4), Ministry of Housing and Urban Agenda (2T 2026; published on 17 September 2026), × size (rounded to €100). Rent: SERPAVI (Spanish State Rental Price Reference System), Ministry of Housing and Urban Agenda (MIVAU), using personal income tax (IRPF) returns and the Cadastre: database 2011-2024 (file «2026-03_09_bd_SERPAVI_2011-2024 - DEFINITIVO WEB_v2»), “Municipios” sheet, apartments in multi-family buildings (vivienda colectiva), municipality level, year 2024, published on 16 April 2026, × size. * Yield with the 2T 2026 price and 2024 rent (mixes years; with both 2024 figures it is 5.8%). “Savings needed” = 20% down payment + buying costs.
Simulate the buying costs Work out the net yield of this flat
Palencia compared with its province, region and Spain
| Area | Gross yield 2024 | Price €/m² (2T 2026) | Rent €/m² (2024) |
|---|---|---|---|
| Palencia | 5.8% | 1,471 | 5.76 |
| Median of Castile and León (13 municipalities) | 5.6% | 1,637 | 6.20 |
| Median of Spain (306 municipalities) | 5.2% | 2,053 | 6.82 |
Source: medians calculated by Ladrillómetro over the municipalities with more than 25,000 inhabitants that have official price and rent.
Median rent and rent range
| 2024 | 25th percentile | Median | 75th percentile |
|---|---|---|---|
| Rent per month | €380 | €450 | €514 |
| Rent per m² per month | €4.67 | €5.76 | €7.16 |
| 60 m² flat (estimate) | €280 | €346 | €430 |
| 80 m² flat (estimate) | €374 | €461 | €573 |
| 100 m² flat (estimate) | €467 | €576 | €716 |
Source: SERPAVI (Spanish State Rental Price Reference System), Ministry of Housing and Urban Agenda (MIVAU), using personal income tax (IRPF) returns and the Cadastre: database 2011-2024 (file «2026-03_09_bd_SERPAVI_2011-2024 - DEFINITIVO WEB_v2»), “Municipios” sheet, apartments in multi-family buildings (vivienda colectiva), municipality level, year 2024, published on 16 April 2026. Homes analysed: 4,832. The rows by size are a Ladrillómetro calculation (€/m² × size), not a published figure; monthly-rent and per-m² percentiles are computed separately, so they need not refer to the same flats.
| Area | Rent €/m² (2024) | Rent per month |
|---|---|---|
| Palencia | 5.76 | €450 |
| Median of Palencia (10 municipalities) | 4.43 | €358 |
| Median of Castile and León (113 municipalities) | 4.53 | €380 |
| Median of Spain (1,658 municipalities) | 5.81 | €450 |
Medians calculated by Ladrillómetro over the municipalities with at least 50 rented apartments in SERPAVI 2024 (not the official figure for the whole province or region).
Other municipalities in Palencia: Aguilar de Campoo (5.76 €/m²) · Venta de Baños (4.41 €/m²) · Guardo (4.10 €/m²) · Villamuriel de Cerrato (4.44 €/m²) · Cervera de Pisuerga (4.17 €/m²) · Saldaña (3.73 €/m²) · Dueñas (4.53 €/m²) · Villalobón (6.50 €/m²) · Carrión de los Condes (3.52 €/m²)