Gran Canaria island Property Prices, Rents & Rental Yields

About Gran Canaria island

Gran Canaria combines Atlantic coastlines with a mountainous interior, giving the island a varied setting for apartment investment. Its towns and resort areas occupy different parts of that landscape, so an island-wide market note is a starting point rather than a substitute for assessing a specific location.

In October 2026, the clearest signal for apartment investors is the gap between rising sale prices and flat rents. The average sale price is €245,000, up 7.0% from a year earlier, while the average monthly rent is €1,200 and has not changed year over year. That contrast matters more than the price rise alone: paying more to buy, without a corresponding increase in the reported rent, means less rental income relative to the purchase price. These are island-wide averages, not a forecast of the return on any individual apartment.

The reported yield stands at 5.86%, providing a current reference point rather than proof that yields have fallen; no earlier yield is supplied. For anyone weighing an apartment purchase in Gran Canaria, the practical question is whether the price and achievable rent for that property make sense after its specific costs are considered. The averages frame that calculation but cannot establish running expenses or the outcome at a particular address. October’s figures therefore call for a distinction between price momentum and rental income: sale prices have risen over the year, while the rent benchmark has held steady. A property-level assessment should test both sides of that equation.