Investing in Las Palmas: 7 €/m²/month in rent and 4.3% gross yield
Buying in Las Palmas costs 2,073 €/m² on average and renting goes for 7 €/m² a month, leaving a gross yield of 4.3% before costs and taxes. It is essentially the Spanish average (4.2%), with purchase prices above the Spanish average.
7 €/m²/monthRent90 m² home: €671/month
2,073 €/m²Purchase90 m² home: €186,570
4.3%Gross yieldAnnual rent over purchase price
65/100Momentum50 = flat market
The map
The map of Las Palmas
Its municipalities, coloured by gross yield. Grey ones publish too little data.
Gross yield< 3%3–4 %4–5 %5–6 %≥ 6%sin datos
Administrative boundaries from the Spanish National Geographic Institute (CC BY 4.0). The Canary Islands are drawn shifted, as on any map of Spain.
The verdict
What the analysis sees
The specific signals the official data leaves about this market, before going into detail.
On gross yield it ranks 1 of 2 among the provinces of its region.
Las Palmas has 1,167,555 residents, an average gross household income of €28,413 a year, an approximate unemployment rate of 14% (above the Spanish average). These are signals of how deep housing demand runs, not of the risk of any one tenant.
In favour
Momentum 65/100Appraised prices, rents, transactions and population are all rising in the latest data.
351 properties analysedWe hold stock for sale here, each with its own investment score.
Against
Approximate unemployment of 14%Above the Spanish average: this is market context, not a measure of tenant risk.
0.71 repossessions per 1,000 dwellingsRepossession pressure above the average, a provincial figure that signals market stress.
The market
What it costs and what it earns
The market level in Las Palmas and what it means for a buy-to-let buyer. Per-m² figures are converted to a reference home of 90 m².
23.2 yearsPrice / Rent (PER)Years of rent to pay off the purchase
6.6 yearsAffordabilityHousehold incomes to pay for 90 m²
28%Rent burdenAnnual rent as a share of household income
0.56%Urban IBIHousing-stock-weighted average
Within Las Palmas municipalities sit on average 29% away from that figure: real dispersion between local markets, not the estimate's margin of error. Drill down to a municipality to see its own.
2,073 €/m²Purchase price
Spain 2,028 €/m²€/m² of transactions, population-weighted average
7 €/m²/monthRent
Spain 7 €/m²€/m² a month, population-weighted average
4.3%Gross yield
Spain 4.2%annual rent over purchase price, before costs
The contrast
Expensive or profitable
Each municipality with enough data placed by what it costs to buy and what it earns. Top left is cheap and profitable; bottom right is expensive and earns little.
The comparison
Where it stands against the rest
Las Palmas's percentile among the 52 provinces, computed on the same figure for all of them.
Gross yield4.3%
31
PeorMedianaMejor
Rent level7 €/m²/month
80
PeorMedianaMejor
Momentum65/100
94
PeorMedianaMejor
Within Canarias it ranks 1 of 2 on gross yield.
The demand
Demand, employment and liquidity
The structural depth of the market: how many people live here, what they earn, how much changes hands and what stress it carries. This is market context, never a measure of tenant risk.
3Market turnover
Spain 3.3transactions a year per 1,000 residents · more turnover, easier to resell
14%Unemployment (approx.)
Spain 11%registered unemployed over unemployed + social security contributors
€28,413Gross household income
Spain €31,185annual income tax returns (AEAT), population-weighted territorial average
12.5‰Net migration
Spain 12.8‰arrivals minus departures from abroad per 1,000 residents
0.71Repossession pressure
Spain 0.55housing repossessions per 1,000 dwellings of the provincial stock · 2025
The risk
Housing repossessions
A figure the INE only publishes per province: how many urban dwellings end in repossession, against the total stock. It measures market stress, not tenant risk.
0.71Repossessions per 1,000 dwellings2025
3Market turnoverTransactions a year per 1,000 residents
34Municipalities in the provinceEach with its own guide
Inside Las Palmas
The municipalities of Las Palmas
Each with its market level and gross yield, computed the same way as this page's so they can be compared.
Where each figure comes from, over which territory and from what date. Confidence measures data coverage, never investment quality.
Data coverage
100/100
Las Palmas covers 34 municipalities. Every figure is computed by summing or population-weighting those municipalities, never by averaging their percentages.
official rent series (SERPAVI)10 of 34
series sufficient to measure momentum34 of 34
official appraised value (MIVAU)10 of 34
estimated market level34 of 34
our own adverts24 of 34
When each figure is from
For an aggregate we show the oldest figure from each source, since that is what limits how the whole can be read.
rent
2024
sale
2025
household income
2023
official appraisal
2026Q1
population register
2025
registered transactions
2026Q1
registered unemployment
2026M06
MIVAUAppraised housing value and registered transactions
SERPAVIOfficial reference rent index
INEPopulation register, migration and repossessions
AEATAverage gross household income
SEPE and Social SecurityRegistered unemployment and contributions
CatastroCadastral value, age and IBI rate
InmobliaOur own catalogue of adverts, each with its investment score
An indicative statistical estimate for comparing markets, not an appraisal or an investment recommendation. Gross yield does not deduct costs, IBI, insurance, voids or taxes.
