Property Prices in Las Palmas de Gran Canaria, Spain

Index Info
Price to Income Ratio: 12.00
Mortgage as Percentage of Income: 78.96%
Loan Affordability Index: 1.27
Price to Rent Ratio - City Centre: 22.50
Price to Rent Ratio - Outside of Centre: 17.27
Gross Rental Yield (City Centre): 4.44%
Gross Rental Yield (Outside of Centre): 5.79%
Rent Per Month
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Apartment (1 bedroom) in City Centre 671.43 € 600.00-750.00
Apartment (1 bedroom) Outside of Centre 507.14 € 400.00-600.00
Apartment (3 bedrooms) in City Centre 1,178.57 € 800.00-1,500.00
Apartment (3 bedrooms) Outside of Centre 837.50 € 700.00-1,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 302.86 € 260.13-557.41
Price per Square Feet to Buy Apartment Outside of Centre 170.94 € 139.35-260.13
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,062.50 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.88 1.50-3.00

These data are based on 73 entries in the past 18 months from 12 different contributors.
Last update: February 2021

Sources and References
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