Granada
1 homes
Granada
A city held between the Sierra Nevada and the vega, with a UNESCO-listed Moorish quarter of white houses, carmens and walled gardens facing the Alhambra. The Albaicín cannot be rebuilt or extended, and the houses inside it change hands quietly.
Life here
- Albaicín and Alhambra views
- Carmens and terraces
- Skiing and coast within an hour
- Student city energy all year
Ownership rationale
Granada is still among the cheapest Andalusian capitals for historic stock, and prices have been rising fast from a low base. Value concentrates in the upper Albaicín and Realejo, where the views are protected and licensed tourist accommodation already exists.
Getting here
Granada airport is 20 minutes; Málaga around 90 minutes by road, with high-speed rail to Madrid in about three hours.
The market, honestly
Published data where it exists — sources belowPrice per square metre
€2,692 / m² across the city (July 2026)
idealista puts Granada capital at €2,692/m² in July 2026, up 10.2% in a year and still slightly below its historic high. The Albaicín trades above the city average: protected, hard to reach by car, and impossible to add to.
Last three years
Up 10.2% in the year to July 2026, after 7.6% to June
Granada has been one of the fastest-rising provincial markets in Andalusia (La Razón, April 2026), accelerating from €2,643/m² in June to €2,692/m² in July 2026 (idealista). The rise starts from a low base compared with Málaga or Seville.
Rental return
5 – 7% gross on licensed tourist stock (our estimate)
Not a published figure. Granada has year-round visitor demand from the Alhambra plus a large student market. Tourist licences in the Albaicín are the constraint — an existing valid licence is worth far more than the paperwork suggests.
Holding and resale
€2,000 – €4,500 a year (our estimate)
Typical annual running costs including taxes, utilities and basic maintenance. Good for renovated Albaicín houses with views and a licence; slower for car-inaccessible ruins.
Who this suits
- Buyers who want a historic Andalusian house with a real rental case behind it
- Owners drawn to a city with mountains, coast and a UNESCO quarter in one place
Price levels and recent movement come from the published sources listed below, read in 2026. Rental returns, running costs and liquidity are our own working estimates and are labelled as such. None of this is a valuation — any specific home we bring you is underwritten on its own numbers.
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