Las Palmas Property Prices, Rents & Rental Yields

About Las Palmas

Las Palmas, on Gran Canaria, blends Atlantic coastline, urban energy and year-round island living. As the island’s capital, it offers a compact city setting with beaches, services and a long-standing appeal for apartment buyers looking at a coastal urban market.

July 2026 shows the clearest signal: apartment prices are still moving higher, while rent is holding steady. The average sale price has reached €280,000, up 1.8% from the previous month and 12.0% year on year, while the average price per square metre is €3,370, also up 1.8% month on month and 16.0% over the year. That combination points to a market where capital values are advancing faster than rental income.

For investors, the tension is visible in the yield, which sits at 5.12%. Against an average rent of €1,100, the return profile is being shaped more by price growth than by any current lift in monthly rent. The fact that rent is unchanged month on month, but up 3.5% year on year, suggests a slower-moving income line beneath a stronger sales market.

Taken together, Las Palmas in July 2026 looks like a market where apartment prices are still building momentum. The question for buyers is not whether values have risen, but how much room remains for rental growth to catch up with the pace already set by sale prices.