A survey of 900 real estate professionals, by the by the Spanish Property Valuation Association, found that the outlook for the Canary Islands property market is positive in 2018.
In fact, the survey found that the Canarian market was just behind top performer Madrid as the region of Spain with the best outlook for the coming year. It predicts that average property prices in Las Palmas city will rise by 5% in 2018, an acceleration when compared to last year.
The survey also measured affordability of property in the Canary Islands by comparing average incomes to the monthly costs of buying a property. It found that prices in the Canary Islands remain affordable; a good sign for the future of the market.
The Spanish property market now seems to be on the rise across the whole country as there are no longer any regions where prices are still dropping.
More on property in Gran Canaria in 2018:
I’m Laura Leyshon and I specialise in helping foreign property buyers and sellers in Gran Canaria. I’m always happy to answer any questions you have. Just give me a call or drop me an email.