Las Palmas Property Prices, Rents & Rental Yields

About Las Palmas

Las Palmas, on Gran Canaria island, combines an urban seafront setting with year-round Atlantic light, a strong local identity, and the everyday appeal of a major Canary Islands city. For apartment investors, that mix keeps the city relevant well beyond the holiday calendar.

September 2026 brings the clearest signal: prices have eased on the month, while the longer trend remains firmly upward. The average apartment sale price stands at €270,000, down 1.8% month on month, and the average price per square metre is €3,290, also down 1.8%. That short-term pullback sits inside a stronger annual rise, with sale values up 10.2% year on year and square-metre prices up 12.9%.

Rentals are moving differently. The average monthly rent is €1,150, unchanged from the previous month, but still 4.2% lower than a year ago. Against that backdrop, the estimated yield is 5.44%, which suggests a market where income potential remains present even as purchase prices have climbed over the year. In other words, Las Palmas is showing a useful tension this month: softer asking prices in the near term, but still elevated capital values compared with last year.