Guanarteme barrio has changed a lot in the last 25 years since the beachfront promenade was extended and the auditorium and Las Arenas shopping centre built.
The beach here is wilder as it isn’t sheltered by the reef. This makes it popular with surfers but it doesn’t have the flat out impact of the palm-fringed northern end of the beach.
Guanarteme property is mostly apartments in blocks up to five storeys high but there are some older townhouses and beachfront apartments. Since the barrio runs behind the beach, you are only ever five minutes walk from Las Canteras beach.
Guanarteme is a high demand area amongst Las Palmas locals and is also the centre of the city’s surfing scene. It is an excellent area for rental investors looking for rental yield from short-term tourist rentals and residential lettings. Guanarteme is also the main area for people looking to open a Las Palmas hostel and whole buildings do come onto the market.
Guanarteme is definitely up-and-coming with new restaurants and bars appearing all the time. It’s where I live in the city as you get excellent value here.