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 […]
The most common complaint I hear from foreign buyers about Gran Canaria estate agents is that they never reply to emails. In this post I explain why this happens all the time and how to work around it.
Why won’t Gran Canaria estate agents answer my emails?
There are two main reasons why many Gran Canaria estate agents don’t answer emails and portal messages… [Read more…]
At the end of 2019, before the world realised how dangerous the Coronavirus was, I wrote a Gran Canaria property guide for 2020. I predicted a slight drop in property prices on the island.
The market showed signs of a slowdown with February sales figures across Spain down 6% year-on-year.
However, all bets and predictions were off once the Coronavirus pandemic took hold. We are now in uncharted territory and won’t know the full effect on Gran Canaria property for some time. [Read more…]
The one-bedroom apartment is a good seller in Las Palmas. In recent years the mix of people viewing one-beds has been predictable. Lots of holiday rental investors, some non-residents, and a few first-time buyers and downsizers. Most were bought by the investors.
However, holiday rental investors have stepped back from one-bedroom apartments as there are plenty on the portals. Instead, they buy larger apartments and top floor properties with large terraces.
The people who now view and buy one-bedroom apartments are mainly older local couples looking to downsize. [Read more…]
Every year, I write a guide to the current state of the Las Palmas de Gran Canaria property market and give my predictions for the next 12 months. Here’s the Las Palmas property 2020 report.
It’s a tricky job this year because there are so many factors that could affect property prices. Mostly, it has to be said, in a negative way.
On a local scale we have a deflating touristic bubble in Gran Canaria, the collapse of Thomas Cook, a decline in holiday rental investment and a big increase in new-build property. [Read more…]
While writing the 2020 guide to the Las Palmas de Gran Canaria property market, it occurred to me that there is a big unanswered question about the future.
If the Las Palmas property market keeps growing, who are the buyers?
Getting a local mortgage in Gran Canaria requires a fair bit of paperwork. However, interest rates are low and Spanish banks are lending with good conditions. Here’s my guide to getting a Gran Canaria mortgage in 2020. [Read more…]