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 […]
You’re interested in Las Palmas property but what’s the difference between a piso and an apartamento. And what’s a duplex pareado when it’s at home?
No problem, here’s a handy guide to the main property types in the city. [Read more…]
Demand is focused on a few areas
Almost everyone interested in buying a Las Palmas property starts out by looking at the Las Canteras beachfront. It’s a high demand and consequently expensive area with frontline prices starting at €3,500 per square metre. However, it’s also a large area and prices drop quickly within a couple of blocks of the promenade in the Port District. [Read more…]
Here are six things that my experience has taught me about selling Las Palmas property.
I see a lot of properties for sale in Las Palmas and can often tell straight away if they will sell fast or sit on the market for ages. The same factors pop up again and again so I’ve put them into this guide to selling Las Palmas property. [Read more…]
There are two ways to find the right property in Las Palmas.
Either you contact every agent with an interesting property and arrange to view them all.
Or let a Las Palmas property finder do the hard work of contacting other agents and arranging viewings.
The second option saves you time and hassle because of how the city’s property market works. [Read more…]
You often hear that the cost of buying a property in Gran Canaria is about 10% on top of the price of the property.
But is it true in Las Palmas, and where exactly does all the money go?
The 10% figure is a good guideline, but the percentage varies. Costs for properties under about 100,000 euros are closer to 11%. Costs for a more expensive property are lower than 10%.
The costs that add up to approximately 10% are as follows… [Read more…]
Property prices in the Canary Islands rose by 0.2% in the last three months of 2015, according to Spanish property valuation company Tinsa.
Prices in the Las Palmas province, which includes Gran Canaria, Fuerteventura and Lanzarote, rose by 0.4%.
Overall, prices rose by 2% across Spain, although they are still falling in many areas of the country. Madrid (3.3%) and Catalunya (5.3%) saw the largest price rises while the Balearic islands also saw above average rises (2.7%). In contrast, prices in Navarra fell by 8.5% and prices in Murcia fell by 4.3%.
The variation across Spain reflects what is happening in Gran Canaria. Prices in high demand areas, such as popular tourist hotspots in south Gran Canaria and the beachfront zones of Las Palmas, are stable or rising slowly. Property prices in residential areas away from the coast, and areas that still have lots of empty new-build property, remain stable or continue to fall.
In another positive signs for the Spanish property market, the average time needed to sell a property in Spain has, according to Tinsa, dropped from 10.6 to 10.2 months
Tinsa predicts that prices will continue to rise on average in 2016, and that even areas with falling prices will see smaller drops.
Tinsa stats for 2015 Spain property prices are highly regarded in Spain as they are independent. As a company, it carries out property valuations for Spanish banks and property owners.