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 […]
If you’re selling a Las Palmas property, this is the most important thing you’ve ever read and it will save you time, hassle and money.
It explains how you can get every agent in Las Palmas to sell your property, and guarantee the best possible price.
And do it all with no hassle and no worries about legal or money problems.
Here’s how… [Read more…]
Like any urban property market, there are big differences in the value of property in different parts of Las Palmas. Here’s how I work out what a city property is worth, and the main factors that affect value. Getting the market price right is key to selling Las Palmas property.
Let’s say you selling your Las Palmas property and ask me to work out what the sale price should be.
The price study and how it works
The scariest part of buying a Las Palmas property is when you start to transfer money.
Where exactly is it going? And is it safe?
In fact, it’s not as daunting as it seems, especially if you know exactly what to do and when. [Read more…]
Here’s my summary of why all foreign property buyers in Las Palmas de Gran Canaria city should work with a good estate agent.
Any why it’s a huge advantage to choose one good agent and just use them to find, view and buy your Las Palmas property.
I was the second-highest selling agent in the RE/MAX Cony Overseas office for the first three months of 2016.
It was a shock to find out as there are 30 agents at the office and lots of sales so far this year.
No wonder I’ve been busy!
The certificate is lovely, but what’s more important is knowing that the way I help foreign buyers to find and buy property in Las Palmas actually works. I can take buyers right through the process from viewing to signing and make it as hassle-free as possible.
So, if you’re thinking of buying or selling a Las Palmas property, get in touch.
There’s a lovely penthouse by the beach that’s just come onto the market.
Las Palmas property prices rose by 4.6% in February 2016 compared to 2015, according to Spanish property portal Fotocasa. As you can see from the chart below, prices in the city are on a gradual upward trend.
This is due to two main factors.
Why Las Palmas property prices are rising
- A recovery in the local economy that is bringing Canarian buyers back into the property market. Tourism is booming in Gran Canaria and lots of people live in the city but work in the resorts. The local banks are starting to lend again which is giving the market some oxygen.
An increase in demand for Las Palmas property amongst foreign buyers. As more people visit Las Palmas on cruise ships and on city break holidays, more decide that it’s the place to own a Gran Canaria property.
However, we do need to keep the price rises in perspective; Property in Las Palmas is still fantastic value if you compare today’s prices with those from before the crisis.
This chart shows the change in property value per square metre in Las Palmas since 2005.
Las Palmas property in 2016
What this means to buyers is that the Las Palmas property market has now found its floor and is starting to rise due to higher demand. Prices are rising but still represent historical levels of value.
Combined with the huge demand for rental property in Las Palmas, I can say that now is an excellent time to buy a Las Palmas property as a holiday home, residence or rental investment.
As always, I’m here to answer any questions you have about Las Palmas city and its property market.
See more Las Palmas property stats on the Fotocasa website.