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Useful articles about buying and selling property in Gran Canaria

Gran Canaria Property Articles: Useful information about buying and selling property in Gran Canaria by experienced resident agent Laura Leyshon.

The Changing Market For A One Bedroom Las Palmas Apartment

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OLder local couples looking to downsize are now the main buyers of one-bedroom Las Palmas apartments

The one-bedroom apartment is a good seller in Las Palmas. In recent years the mix of people viewing one-beds has been predictable. Lots of holiday rental investors, some non-residents, and a few first-time buyers and downsizers. Most were bought by the investors.

However, holiday rental investors have stepped back from one-bedroom apartments as there are plenty on the portals. Instead, they buy larger apartments and top floor properties with large terraces.

The people who now view and buy one-bedroom apartments are mainly older local couples looking to downsize. [Read more…]

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Las Palmas Property 2020: Local Market Insight

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Expert local insight into the Las Palmas property market in 2020; by top-selling Gran Canaria estate agent Laura Leyshon.

Every year, I write a guide to the current state of the Las Palmas de Gran Canaria property market and give my predictions for the next 12 months. Here’s the Las Palmas property 2020 report.

It’s a tricky job this year because there are so many factors that could affect property prices. Mostly, it has to be said, in a negative way.

On a local scale we have a deflating touristic bubble in Gran Canaria, the collapse of Thomas Cook, a decline in holiday rental investment and a big increase in new-build property. [Read more…]

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Las Palmas Property Market: The Future Is In Millennial Hands

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Laura Leyshon, Las Palmas estate agent, explains why the future of the market depends on the Millennial first-time buyer

While writing the 2020 guide to the Las Palmas de Gran Canaria property market, it occurred to me that there is a big unanswered question about the future.

If the Las Palmas property market keeps growing, who are the buyers?

[Read more…]

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Gran Canaria Delays Expected Due To New Spanish Mortgage Law

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A new Spanish mortgage law comes into force on Monday 17 June 2019 and brings Spanish rules into line with EU consumer protection regulations. But will the banks respond with an increase to mortgage rates?

A new Spanish mortgage law comes into force on Monday 17 June 2019 and brings Spanish rules into line with EU consumer protection regulations.

It is expected to cause short delays to Gran Canaria mortgage applications and property purchases in July as banks, notaries, gestorias and estate agencies change their procedures to fit the new rules.

The main effects of the new Spanish mortgage law in Gran Canaria and across the Canary Islands are as follows… [Read more…]

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Las Canteras Beachfront Property: How Much Is It Worth?

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What is beachfront Las Canteras property worth in the current market?

Beachfront property along Las Canteras beach is in its own price bracket and often hard to value accurately.

This is due to several factors.

  1. Las Canteras property doesn’t come onto the market that often because beachfront owners tend to hold on to their apartments for a long time.
  2. Many are owned by non-residents who earn a rental income as well as using them for holidays.
  3. They have significant intangible valuation factors such as the desirability of the outdoor space.

However, since I’ve had four beachfront apartments for sale this year I have a clear idea of what their market value is in 2019. [Read more…]

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Gran Canaria Property Market Update: March 2019

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Gran Canaria property update: March 2019: How the upcoming elections and other factors are affecting the market

When I wrote the 2019 guide to Las Palmas property in late 2018 I noted that I expected average prices to rise in 2019 despite a set of moderating factors.

These were; a decline in tourist rental investment, an increase in new-build property, and the inevitable decline in tourist numbers following the recent boom.

We must now add the uncertainty of national elections on April 28 and local elections on May 25.

Let’s have a look at each of these factors in more detail… [Read more…]

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