The profitability in the Canary Islands for the owner of a rental property of 80 square meters in September is 6.2% and that of a shared three-bedroom property is 7.1%, that is, a difference of 0.9 percentage points.
The Spanish average is located at 9.3% per room compared to 6.1% for the entire apartment, according to the study of "The profitability of housing in Spain in 2024", based on the analysis of housing prices for sale and rent in September 2024 by the real estate portal Fotocasa. Thus, more and more apartments are destined for this type of lease.
"The presented performance of room rentals continues to be the highest in the market, well above other financial products and with great stability and long-term projection," explains María Matos, Director of Studies at Fotocasa.
The biggest difference is in Navarra
The biggest differences are observed in Navarra, where the profitability of an 80 m2 property is 6.7%, compared to 10.3% of what is obtained if the same property is rented by rooms (that is, 3.6 points of difference between both).
Next, the region of Murcia with 9.9% compared to 7.3% for the entire apartment, Castilla-La Mancha with 9.9% compared to 7.0%, and Catalonia with 9.5% compared to 6.7%.
The smallest difference is found in Madrid, where 5.5% is obtained for the entire apartment and 6% for rooms, followed by the Canary Islands with 7.1% compared to 6.2%.