Market analysis — Vigo
Vigo records 292,374 residents in 2022, a very slight 0.6% contraction from 2015 according to INE's Padrón Continuo. Median sale price per square metre in Rendio's analysed listings sits at €3,418/m². The price structure ranges from €2,432/m² in the generic Vigo zone to €5,130/m² in Centro - Areal, a relatively compressed range for a city of its size. Vigo combines the economic weight of the Galician industrial-port hub with flat demographic momentum, profiling a provincial capital with moderate residential liquidity and consolidated local capital presence.
Rental tension scores 60 out of 100 on demand and 87 out of 100 on tenant budget, a combination of moderately high demand with relatively good affordability. SERPAVI's average rent estimate (~€549/month in 2024) absorbs around 43% of the per-capita disposable income INE publishes for the province (€15,359/year). Demand relatively high versus demographic momentum reflects the concentration of industrial employment in the city —with sectors such as automotive and canned-fish industries— which sustains stable residential demand beyond population growth. Historically, markets with this profile of employment-driven rather than migration-driven demand have shown more rent stability than coastal tourism-driven markets.
Rendio's Vigo coverage is currently limited: 30 active listings spread across 4 districts with sufficient sample for distrital analysis (the daily round continues to widen coverage). Net yield across the 4 analysed districts ranges from 1.16% in Centro - Areal to 2.44% in the generic Vigo zone. The covered districts are Vigo (2.44%), Plaza España - Corte Inglés (1.91%), As Travesas - Balaídos (1.43%) and Centro - Areal (1.16%). Supply concentrates in Centro - Areal (7 listings) and As Travesas - Balaídos (5), both in the lower yield band. With a small sample, individual listing analysis adds far more value than district-level averages, especially outside the consolidated centre.
Rendio automatically discards listings outside the retail-investor universe: properties with Galician VPP classification, units with active tenants or irregular occupation, «to reform» listings without a defensible refurbishment cost, and cases with insufficient surface or price data. The Catastro reference adds an extra verification when available. The dashboard lets you filter the 30 active Vigo listings by these criteria and by net yield computed one listing at a time.