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 2019. [Read more…]
I’ve written before about the benefits of using one estate agent to handle the sale of your Gran Canaria property via an exclusive contract.
But somehow, I’ve never managed to explain it in a few words (until now).
- You only get pestered by the estate agent you choose, rather than by lots of people you don’t know.
- All the island’s agents work to sell your property, but your agent is in charge of the whole process; marketing, viewings, paperwork, contracts, etc.
- Your chosen agent is there to look after your interests.
An exclusive contract with a good Gran Canaria agent means that you have complete control over the selling process.
Working exclusively with a good agent gives you the best possible chance of selling promptly and at the best possible price.
I’m Laura Leyshon and I’m one of Gran Canaria’s top-selling estate agents. If you have a property to sell in Gran Canaria, please feel free to contact me for a free appraisal and valuation.
The next phase of an ambitious project to recover the Puerto de La Luz seafront in Las Palmas is going ahead with the relocation of the warehouses next to the Poema de Mar aquarium.
Currently occupied by the Red Cross and World Food Program, the warehouses will be removed and replaced by open public space. The charities will be relocated to custom-built warehouses, funded by the Las Palmas Town Hall, elsewhere in the port.
Eventually, the area around the Poema de Mar will be a large urban park stretching from the Mercado del Puerto all the way to the Naval Base at the east end of Mesa y Lopez. It will be linked to the Mercado and the Las Canteras beachfront by a pedestrian bridge.
Another phase of the redevelopment of the port seafront is also scheduled to start early in 2019; A 115m path that runs from the cruise dock next to Santa Catalina Park to the edge of the Naval Base. It includes a large waterfront platform suitable for sunbathing and events.
Las Palmas de Gran Canaria’s long-term plan is to recover the whole port waterfront for public use, including the large area currently taken up by the Spanish Navy.
The valuation (tasación) your bank makes when you apply for a mortgage has a significant effect on your Gran Canaria property purchase.
- If it’s too low, you don’t get the mortgage or have to provide more capital.
- If it’s too high, it can cost you a fortune in extra tax payments.
If you’re selling a Gran Canaria property, you want to get the best possible price. Maybe you are considering a new bathroom or kitchen to boost its value.
Let me stop you right there! [Read more…]
A UK estate agency recently announced that the best day to list your property is March 17 because most properties in the UK sell in the summer. Here in Gran Canaria things are different; ideally, you want to list in the autumn to make sure your property is visible to winter buyers.
Visits to for-sale property in Gran Canaria tend to peak during the winter months for two main reasons.
- Winter is peak tourist season and many buyers combine their property hunting with a holiday.
- Local buyers often invest just before the end of the tax year in December. Or they buy early in the tax year in January.
However, sales tend to peak in late spring as buyers who decided to buy in the winter get their mortgages approved and contracts are signed.
If you want to sell a Gran Canaria property, it’s best to have it fresh on the market during the winter season.
However, other factors affect saleability in Gran Canaria just as much as timing!
There are plenty of active buyers in Gran Canaria throughout the year and making sure your property gets as many viewings as possible is far more important than getting it online on a specific date.