I’m Laura Leyshon and I’m Las Palmas’ resident property expert. I work for RE/MAX Cony Overseas, one of the city’s oldest estate agencies and the first RE/MAX office to open in Europe. Cony Overseas has an excellent local reputation and has helped hundreds of foreign buyers and sellers in Las Palmas and all over Gran […]
The British press is full of reports on the post-Brexit exodus of British residents from Spain’s Costas and Islands. However, the effect of Brexit on the Gran Canaria property market is likely to be far more nuanced. It may well be completely overshadowed by other factors.
Some British residents have already packed up and gone home and non-resident property owners in Gran Canaria face a choice: Is owning a property they can’t use as often as they want still worthwhile? [Read more…]
Ciudad Jardín or the Garden City, is the original Las Palmas luxury property zone and dates back to the founding of the Holy Trinity Anglican Church in the 1880s.
Located midway between the Puerto District and Las Canteras beach, and the old town areas of Vegueta and Triana, the garden city really is a green enclave right in the centre of Las Palmas city. It is also the capital’s most interesting architectural zone with Rationalist, Modernist and Neocanarian houses built from the 1930s to the 1950s. Many of the best examples now have protected facades and you do find the odd architecture buff wandering about the area.
To the north, Ciudad Jardín merges with residential Alcaravaneras and to the south with Arenales with residential and commercial areas. To the east it meets the strip of quality high rise property along the Avenida Maritima and to the west it merges with Altavista, and La Cornisa which are both also quality property areas.
Benefits and disadvantages of property in Ciudad Jardín
Most properties in Ciudad Jardín are large and well-proportioned with high ceilings. However, because most of the area is flat most don’t have a view beyond their own gardens.
The area is quiet and largely traffic free although it can be hard to park if your property doesn’t have an off-road space. It has a large public park called Parque Doramas and is close to the city’s sports marina. There are a small number of quality restaurants in and around the garden city but no large supermarkets.
The area is well connected to the rest of the city by road and public transport. This is just as well as it is a long walk from both Las Canteras beach and Triana shopping district. The city’s growing bike lane network, complete with shared bikes, now runs right by the Garden City. Alcaravaneras beach is close by but not as popular as Las Canteras further north.
The Ciudad Jardín property market and prices
The Garden City is largely residential and many of the houses are still family homes. Other have been divided up into flats and there are even a couple of condominiums arranged around swimming pools.
Prices vary considerably depending on the exact location of the property, the amount of garden space and the quality and layout of the property in question. The price per square metre varies from 2000 to 4000 euros per square metre.
I’m Laura Leyshon and I’m an estate agent living in Las Palmas de Gran Canaria city. I specialise in luxury property, penthouses and villas all over the city and am one of Spain’s top-selling agents. I’m always available on the phone or via email or Whatsapp.
When you own a Gran Canaria property, you pay an annual tax to the local town hall called the Impuesto sobre Bienes Inmuebles (IBI).
The exact amount depends on the size of the property and the land value. Each ayuntamiento sets a rate between 0.4 – 1.1% of cadastral value per annum. The Las Palmas IBI is currently 0.67% of cadastral value. [Read more…]
The suburb of La Minilla is amongst the most desirable property areas in Las Palmas de Gran Canaria city, especially amongst professionals and affluent families.
With views out over the ocean, large modern apartments and green spaces La Minilla feels like a different world. However, it is just 10 minutes walk from Las Canteras beach. [Read more…]
After the events of 2020 it feels like folly to write a guide to the Las Palmas de Gran Canaria property market for 2021: So much in Gran Canaria depends on the speed of the vaccine rollout and the return of tourism.
But look forward we must because the end of the Covid-crisis is within reach. Covid or no Covid, Gran Canaria remains a wonderful place to live and own property. [Read more…]
Gran Canaria’s estate agencies are now back at work and the new normal is like the old normal just with with face masks, hydro-alcoholic gel and social distancing measures.
So far, the indicators are that the Spanish national lock down hasn’t tanked the Las Palmas property market. While there are no foreign buyers flying in, there are plenty of active local buyers.
I’m seeing a mix of people renewing pre-lock down searches, investors looking for opportunities, and those with have just started searching due to changed circumstances and priorities.
New priorities shape the Las Palmas property market in 2020
Today’s buyers are very focused on what they want and less willing to compromise.
Many people have come out of the lock down with a new outlook on life. Enquiries about Las Palmas property with outside space have spiked, as have searches for rural property and houses with gardens in suburban areas.
I know that my own roof terrace was a godsend during the quarantine and a lot of people have realised just how life-enriching an outdoor area is.
Las Palmas apartments with large balconies, terraces or usable roof space are getting a large number of viewings (both virtual and in real life). Anything with a good view is also popular.
In contrast, internal flats are not getting visits at pre-crisis prices. They will be on the radar for investors looking for rental income but only at attractive prices.
New rules for Las Palmas property prices?
The difference in price per square metre that buyers is likely to diverge as this new normal settles in. Desirable features will add extra value (or at least hold their value). Flats with no quality interface with the outdoors will get far less interest.
This trend will gain strength if the tourism sector does not recover in 2020 because buy-to-holiday-let investors will sell up. Since most holiday lets are well decorated and have a balcony or terrace they will catch buyer attention.
Selling a Las Palmas property? Take advantage of the moment…
We don’t know how long the Gran Canaria tourism sector will be in mothballs or understand its long-term effects on the economy or the housing market.
However, we do know that there are buyers in the market and that prices of attractive property remain at pre-lock down levels. My advice is that now is a good time time to sell a Las Palmas property.
I’m Laura Leyshon, a Gran Canaria estate agent based in the capital Las Palmas. I’m one of the top-selling agents in Spain and I help foreign buyers and sellers all over the island.
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