Spanish Buy-to-Let Homes Yield Higher Returns Than Paris, Berlin

Buy-to-let homes in Madrid and Barcelona offer investors higher yields than similar properties in Paris or Berlin, according to study by Idealista.com, Spain’s largest property website.

Homes for rent in Madrid and Barcelona, Spain’s two largest cities, offer gross annual yields of 4.1 percent and 3.9 percent, respectively, whereas similar properties in Paris and Berlin offer yields of offer 3.3 percent and 3.7 percent, Idealista said today in an e-mailed statement.

Buy-to-let homes in London and Rome offer the highest yields in Europe at 4.3 percent and 4.5 percent, respectively, according to the study.

Gross annual yields were calculated by dividing the average sales prices of properties across Europe by average annual rental income, Idealista said.

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

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