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 […]
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…]
If you buy a bargain Las Palmas property, or pay a significant proportion of the asking price in under-the-table cash, you may get a large extra tax bill. [Read more…]