Las Palmas and Canary Islands property prices rising
Property prices in Spain rose by 0.8% in the third quarter of 2015, according to leading Spanish valuation company Tinsa.
The rise was the first year-on-year rise since 2008.
In the Canary Islands and Balearics, lumped together by Tinsa, the rise was much more significant at 4.2%. It was the largest rise in Spain ahead of the Mediterranean at 3.2% and large cities at 0.6%.
Prices in the Canary Islands and Balearics are now 30% below their 2008 peak, compared to 46.7% for the Spanish Mediterranean zone.
The stats come from the average of all properties valued by Tinsa during the period. See the press release and figures here (in Spanish).
I'm Laura Leyshon and I'm Las Palmas' specialist foreign buyer (and seller) specialist. I work with RE/MAX Cony Overseas, one of the city's oldest and most prestigious agencies, and offer a complete and friendly service. Get in touch if you have any questions about buying or selling property in Las Palmas.
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