Property Prices in Las Palmas de Gran Canaria, Spain

Index Info
Price to Income Ratio: 11.65
Mortgage as Percentage of Income: 80.36%
Loan Affordability Index: 1.24
Price to Rent Ratio - City Centre: 19.29
Price to Rent Ratio - Outside of Centre: 15.09
Gross Rental Yield (City Centre): 5.18%
Gross Rental Yield (Outside of Centre): 6.63%
Rent Per Month
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Apartment (1 bedroom) in City Centre 814.29 € 800.00-900.00
Apartment (1 bedroom) Outside of Centre 584.22 € 421.08-800.00
Apartment (3 bedrooms) in City Centre 1,725.00 € 1,000.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 956.25 € 675.00-1,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 343.74 € 232.26-557.41
Price per Square Feet to Buy Apartment Outside of Centre 171.40 € 139.35-232.26
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,190.00 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.40 3.00-3.50

These data are based on 53 entries in the past 18 months from 10 different contributors.
Last update: November 2023

Sources and References
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