Market analysis — Granada
Granada has 228,682 residents in 2022, a 3.0% drop from 2015 according to INE's Padrón Continuo —the sharpest demographic contraction among the 16 cities Rendio covers. Median sale price per square metre in Rendio's analysed listings sits at €2,756/m². A clear gradient separates the historic-centre and Alhambra-area districts —Albaicín, Catedral, Carrera de la Virgen— above €3,500/m², from university-area and peripheral residential districts —San Matías, Bola de Oro, La Chana— in the €1,700-2,300/m² range.
Granada's rental tension scores 3 out of 100 on demand and 73 out of 100 on tenant budget, the weakest demand combination in the entire sample. SERPAVI's average rent estimate (~€584/month in 2024) absorbs around 44% of the per-capita disposable income INE publishes for the province (€16,024/year). Sustained demographic contraction combined with a high weight of tourist and student rentals in the housing stock explains much of this score: permanent residential demand is structurally weak, while short-term tenant rotation absorbs a meaningful share of supply. Historically this profile has been associated with markets with moderate gross yields and limited appreciation in purely residential districts.
Across 23 districts covered, net yield in Granada ranges from 1.11% in Carrera de la Virgen - Paseo del Salón to 3.01% in San Matías - Pavaneras. The best price-to-rent ratios are in San Matías - Pavaneras (3.01%), Bola de Oro (2.76%), Ctra Sierra - Acceso Nuevo Alhambra (2.37%), La Chana (2.35%) and Cervantes-Palacio de Deportes (2.32%). Supply concentrates in Albaicín (8 listings) and Ctra Sierra (9), both in the mid-to-low net-yield band. This distribution —higher yields in working-class residential districts and compressed yields in zones exposed to tourist rentals— reflects the structural duality of Granada's market, where stable residential rental competes with alternative uses of the housing stock.
Rendio applies an initial filter to remove listings outside the retail-investor profile: VPO-classified properties, units with active tenants or irregular occupation, «to reform» listings without a defensible refurbishment budget, and cases with insufficient surface or price data. The Catastro reference adds an extra verification when available. The dashboard lets you filter the 192 active Granada listings by these criteria and by net yield computed one listing at a time.