Where is the best place to buy property in Gran Canaria?

Buying Property in Gran Canaria The most popular areas of Gran Canaria with British property buyers are Puerto Rico and Playa del Ingles, both of which are found on the southern coast of the island. Properties on the island are very similar to those found on the other Canary Islands.



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The most popular areas on Gran Canaria are the coastal towns of Maspalomas and Meloneras, located on the south of the island. They are known for their resorts and touristy beaches. If you're looking for shopping opportunities, these areas have a decent shopping center called Centro Comercial Playa Meloneras.

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The Canary Islands are one of the favourite places for expats to buy property in Spain. From the great weather on the hottest Canary Islands of Tenerife and Gran Canaria to the excellent family beaches on Lanzarote and Fuerteventura, there's no end of reasons to live in the Canaries.

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The capital Las Palmas doubles as a municipality and is where the primary immigration office is located, therefore many people moving to Gran Canaria choose to live in the capital. The capital city supports the large expat community on the island and is also home to Las Canteras Beach (Playa de las Canteras).

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Las Canteras Beach is the most exclusive location on Gran Canaria. The average price per square metre here is 2,700 euros. Sales of apartments and detached houses with large natural grounds, as well as additional rooms for working from home, are especially frequent.

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Even better, house prices in Las Canarias are fairly affordable, if you know where to look… the two cheapest Canary Islands to buy property are Tenerife and Gran Canaria.

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Most tourist destinations are in the south of Gran Canaria to take advantage of the best weather. This part of the island enjoys the hottest temperatures, though it can get extremely hot when the wind blows from the Sahara. For cooler weather, the mountains inland from the coast offer some respite.

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Land Tax/ Impuesto de Bienes Inmuebles (IBI) The exact annual IBI tax for a property depends on it's size, which Municipality it is in and the property type. Rates can vary from 0.4% to 1.1%.

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If you're looking for sun and beach, if you're going on a family holiday with children, if you want golden or white sandy beaches and if you want to go out for a drink, then you should stay in the south of Gran Canaria. The south of the island is the ideal destination for those who love sun and sea or swimming pools.

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The warmest places in Gran Canaria in December are located in the south: Maspalomas, Puerto Rico and Puerto de Mogan. Our second choice is the southern part of Tenerife, which is also hot and sunny most of the time in December.

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The windiest period is between May and September and the northeast part of La Graciosa is the windiest area on the island.

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While international investors are holding on thinking that the real estate Canaries market prices will continue going down and there will be plenty of opportunities during 2021, real estate experts agree the time to buy is now.

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With average asking prices of just under 4,000 euros/m2, Costa Adeje and Playa de las Américas are the most expensive areas in the Canary Islands. In the luxurious Abama Resort in Guía de Isora, however, you can expect to pay around 6,500 euro/m2.

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Average Property Prices in Gran Canaria are valued at €1,511 per square metre, but sellers expect €2,002 per square metre. The average house prices in Gran Canaria are comprised between €1,394 per square metre (TINSA) and €2,002 per square metre (Idealista).

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Santa Catalina, a Royal Hideaway Hotel is a symbol not only of luxury tourism but also of the city of Las Palmas de Gran Canaria, ranking among the best hotels in Europe and in the world.

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The economy of Gran Canaria is mainly based on tourism and the services sector, since the island is currently an important holiday spot for Europeans and national tourism from mainland Spain.

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The Maspalomas market is all about haggling. Its indoor and outdoor stalls have all kinds of things for sale - plenty of clothes and shoes. It's open on Wednesdays and Saturdays from 8am until lunch time and...

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