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 help foreign property buyers and sellers in Gran Canaria. I work with RE/MAX Cony Overseas, one of the island's oldest and most prestigious agencies, and I offer a complete, professional service with a personal touch. If you want to buy or sell property in Gran Canaria and want to work with one good agent, please get in touch.
