Gran Canaria Property Price News For Summer 2018

Property prices rose in Las Palmas city and across Gran Canaria in Q2 2018

Property prices in Las Palmas province rose by 7.6% in the second quarter of 2018, according to Spanish property valuers Tinsa.

However, prices in Las Palmas de Gran Canaria city were only up by 1.9% during the same period.

Property portal Idealista has the Q2 price rise in Las Palmas province at 6.4% and the city at 7.2%. It uses the average price of properties for sale for its statistics while Tinsa uses actual valuations.

Properties in Las Palmas province (Gran Canaria, Fuerteventura and Lanzarote) took an average of 4.9 months to sell, according to Tinsa.

The 15.1% percentage of disposable income required to pay the average mortgage in the province is below the Spanish national average of 16.8%.

Average rental yields in Las Palmas city are now the highest in Spain at 8.1%.

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