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…]