Property Prices in Canary Islands, Spain

Index Info
Price to Income Ratio: 7.32
Mortgage as Percentage of Income: 50.18%
Loan Affordability Index: 1.99
Price to Rent Ratio - City Centre: 13.02
Price to Rent Ratio - Outside of Centre: 18.6
Gross Rental Yield (City Centre): 7.68%
Gross Rental Yield (Outside of Centre): 5.38%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 988.92 € 977.83-1,000.0
Apartment (1 bedroom) Outside of Centre 605.57 € 600.0-611.15
Apartment (3 bedrooms) in City Centre 1,955.67 €
Apartment (3 bedrooms) Outside of Centre 639.1 € 531.7-750.0
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 272.53 €
Price per Square Feet to Buy Apartment Outside of Centre 185.79 € 185.77-185.8
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,685.33 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.33 3.0-3.5

These data are based on 18 entries in the past 18 months from 4 different contributors.
Last update: August 2024

Sources and References
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