Gran Canaria island – Real Estate Investment Overview

About Gran Canaria island

Gran Canaria combines a compact island setting with year-round coastal living, volcanic landscapes, and a mix of resort areas and residential neighborhoods. Its geography gives apartments a broad appeal across both local and second-home markets, with sea views, urban convenience, and inland character all within one island.

June 2026 points to a market where capital values are still edging higher, while rental growth has paused for the month. The average apartment sale price reached €239,500, with the average price per square meter at €3,071, both up 0.8% month over month. That steady monthly move matters because it follows a much stronger annual trend: sale prices are up 11.4% year over year, and price per square meter has climbed 14.3%.

Against that backdrop, the rental side looks more restrained. The average apartment rent sits at €1,150, unchanged from the previous month but still up 4.5% from a year earlier. That creates a clear tension for investors: values have continued to rise faster than income, while the reported yield stands at 5.92%. In other words, Gran Canaria is still showing measurable income potential, but the recent price momentum suggests that entry costs are moving ahead of rent growth.