Gran Canaria island Property Prices, Rents & Rental Yields

About Gran Canaria island

Gran Canaria island combines volcanic landscapes, Atlantic beaches, and a year-round holiday setting with a metropolitan centre in Las Palmas and resort areas spread along the coast. That mix keeps the island relevant both as a lifestyle destination and as a long-established apartment market.

September 2026 shows a clear tension between stable income and firmer capital values. Apartment rents hold at €1,200, while the average sale price has eased to €244,000, down 0.4% on the month. Even with that slight monthly softening, the broader trend remains upward, with sale prices up 10.9% year on year.

The same pattern appears in price per square metre, which stands at €3,130 after a monthly dip of 0.4% but is still 13.8% higher than a year ago. That backdrop leaves the reported yield at 5.83%, a level that suggests income is still present, yet valuation growth is making the investment maths less straightforward than it was earlier in the cycle.

For apartments on Gran Canaria, the message this month is less about rapid movement and more about balance: rents are unchanged, sale pricing has softened slightly, and the longer-term upward shift in values continues to shape investor returns.