Short answer: in Las Palmas de Gran Canaria, a typical 80 m² flat has an average appraisal value of about €187,000 (2T 2026, 2,337 €/m²) and rents for about €648 a month (2024 median, 8.10 €/m²). The gross yield is 5.2% with 2024 price and rent, and 4.2% with the 2T 2026 price. Buying it with an 80% mortgage would take about €51,079 in savings.
That is in line with the median of the 306 municipalities with data (5.2%), and Las Palmas de Gran Canaria ranks 8th of 10 in the province of Las Palmas by gross yield.
Rent range (2024): median €600 a month (8.10 €/m²); half of the rented homes pay between €460 and €751 a month (6.11–10.81 €/m², 25th to 75th percentile). Homes analysed: 21,347 rented apartments declared for tax purposes; median size 77 m².
Price, rent and buying costs by flat size
The same price and rent per m² applied to four sizes. Costs are those of a resale home bought as an investment in Canarias (general transfer tax rate, no main-home reductions) with an 80% mortgage.
| Size | Price (2T 2026) | Rent/month (2024) | Gross yield* | Buying costs | Savings needed |
|---|---|---|---|---|---|
| 60 m² | €140,200 | €486 | 4.2% | €10,590 | €38,630 |
| 80 m² | €187,000 | €648 | 4.2% | €13,679 | €51,079 |
| 100 m² | €233,700 | €810 | 4.2% | €16,753 | €63,493 |
| 120 m² | €280,500 | €972 | 4.2% | €19,833 | €75,933 |
Sources. Price: average appraisal value of free-market housing, municipalities over 25,000 inhabitants (table 4), Ministry of Housing and Urban Agenda (2T 2026; published on 17 September 2026), × size (rounded to €100). Rent: SERPAVI (Spanish State Rental Price Reference System), Ministry of Housing and Urban Agenda (MIVAU), using personal income tax (IRPF) returns and the Cadastre: database 2011-2024 (file «2026-03_09_bd_SERPAVI_2011-2024 - DEFINITIVO WEB_v2»), “Municipios” sheet, apartments in multi-family buildings (vivienda colectiva), municipality level, year 2024, published on 16 April 2026, × size. * Yield with the 2T 2026 price and 2024 rent (mixes years; with both 2024 figures it is 5.2%). “Savings needed” = 20% down payment + buying costs.
Simulate the buying costs Work out the net yield of this flat
Las Palmas de Gran Canaria compared with its province, region and Spain
| Area | Gross yield 2024 | Price €/m² (2T 2026) | Rent €/m² (2024) |
|---|---|---|---|
| Las Palmas de Gran Canaria | 5.2% | 2,337 | 8.10 |
| Median of Las Palmas (10 municipalities) | 5.7% | 1,912 | 7.12 |
| Median of Canary Islands (19 municipalities) | 5.5% | 2,042 | 7.37 |
| Median of Spain (306 municipalities) | 5.2% | 2,053 | 6.82 |
Source: medians calculated by Ladrillómetro over the municipalities with more than 25,000 inhabitants that have official price and rent.
Median rent and rent range
| 2024 | 25th percentile | Median | 75th percentile |
|---|---|---|---|
| Rent per month | €460 | €600 | €751 |
| Rent per m² per month | €6.11 | €8.10 | €10.81 |
| 60 m² flat (estimate) | €367 | €486 | €649 |
| 80 m² flat (estimate) | €489 | €648 | €865 |
| 100 m² flat (estimate) | €611 | €810 | €1,081 |
Source: SERPAVI (Spanish State Rental Price Reference System), Ministry of Housing and Urban Agenda (MIVAU), using personal income tax (IRPF) returns and the Cadastre: database 2011-2024 (file «2026-03_09_bd_SERPAVI_2011-2024 - DEFINITIVO WEB_v2»), “Municipios” sheet, apartments in multi-family buildings (vivienda colectiva), municipality level, year 2024, published on 16 April 2026. Homes analysed: 21,347. The rows by size are a Ladrillómetro calculation (€/m² × size), not a published figure; monthly-rent and per-m² percentiles are computed separately, so they need not refer to the same flats.
| Area | Rent €/m² (2024) | Rent per month |
|---|---|---|
| Las Palmas de Gran Canaria | 8.10 | €600 |
| Median of Las Palmas (27 municipalities) | 7.10 | €500 |
| Median of Canary Islands (62 municipalities) | 7.12 | €500 |
| Median of Spain (1,658 municipalities) | 5.81 | €450 |
Medians calculated by Ladrillómetro over the municipalities with at least 50 rented apartments in SERPAVI 2024 (not the official figure for the whole province or region).
Other municipalities in Las Palmas: Santa Lucía de Tirajana (6.77 €/m², with yield) · Arrecife (7.10 €/m², with yield) · Telde (7.14 €/m², with yield) · Puerto del Rosario (6.82 €/m², with yield) · San Bartolomé de Tirajana (8.93 €/m², with yield) · Agüimes (7.37 €/m², with yield) · Arucas (6.33 €/m², with yield) · Ingenio (6.22 €/m², with yield) · La Oliva (8.59 €/m², with yield) · Tías (9.70 €/m²) · Mogán (13.10 €/m²) · San Bartolomé (8.57 €/m²) · Pájara (8.87 €/m²) · Tuineje (7.07 €/m²) · Gáldar (6.10 €/m²) · Santa María de Guía de Gran Canaria (6.08 €/m²) · Santa Brígida (7.00 €/m²) · Yaiza (9.37 €/m²) · Vega de San Mateo (5.88 €/m²) · Teguise (9.22 €/m²) · Teror (5.71 €/m²) · Valsequillo de Gran Canaria (6.09 €/m²) · Antigua (9.18 €/m²) · Moya (6.67 €/m²) · Agaete (6.79 €/m²) · Tinajo (8.33 €/m²)