Property Prices in Las Palmas de Gran Canaria, Spain

Index Info
Price to Income Ratio: 6.29
Mortgage as Percentage of Income: 43.52%
Loan Affordability Index: 2.30
Price to Rent Ratio - City Centre: 14.75
Price to Rent Ratio - Outside of Centre: 9.78
Gross Rental Yield (City Centre): 6.78%
Gross Rental Yield (Outside of Centre): 10.22%
Rent Per Month
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Apartment (1 bedroom) in City Centre 845.45 € 650.00-1,000.00
Apartment (1 bedroom) Outside of Centre 716.67 € 650.00-900.00
Apartment (3 bedrooms) in City Centre 1,277.78 € 1,100.00-1,700.00
Apartment (3 bedrooms) Outside of Centre 1,171.43 € 900.00-1,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 234.51 € 213.68-260.13
Price per Square Feet to Buy Apartment Outside of Centre 136.25 € 92.90-185.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,586.14 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.43 3.00-3.54

These data are based on 85 entries from 16 contributors over the past 18 months.
Last update: 8 June 2025

Sources and References
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