Property prices in Las Palmas de Gran Canaria city rose by 6.01% in 2015, according to figures from Spanish property website Pisos.com.
The rise was the largest of any of Spain’s provincial capitals, outpacing even high-demand cities like Barcelona (up 5.95%) and Palma de Majorca (up 2.11%).
However, the average price of property in Gran Canaria’s capital stands at €1,492 per square metre; Lower than Barcelona at €2,027 and Palma de Majorca at €3,283.
This shows that while demand for Las Palmas property is rising the city is still good value, especially if you consider that the climate is good all year round; You can use your Las Palmas property for a warm-weather break all through the winter, and also rent it out throughout the year.
Why are Las Palmas property prices rising?
There are several reasons why both locals and non-residents are buying property in Las Palmas. [Read more…]