Municipality · Las Palmas

Investing in Agaete: 7 €/m²/month in rent and 4.3% gross yield

Buying in Agaete costs 1,919 €/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 below the Spanish average.

7 €/m²/monthRent90 m² home: €625/month
1,919 €/m²Purchase90 m² home: €172,710
4.3%Gross yieldAnnual rent over purchase price
77/100Momentum50 = flat market
The map

Agaete within Las Palmas

Where the municipality sits and how it compares with its neighbours.

Palmas de Gran Canaria, Las · 4.5% gross yieldTelde · 4.7% gross yieldSanta Lucía de Tirajana · 4.5% gross yieldArrecife · 4.4% gross yieldSan Bartolomé de Tirajana · 3.5% gross yieldPuerto del Rosario · 4.2% gross yieldArucas · 4.7% gross yieldAgüimes · 4.5% gross yieldIngenio · 4.9% gross yieldOliva, La · 3.4% gross yieldGáldar · 4.3% gross yieldTeguise · 4.0% gross yieldTías · 3.9% gross yieldPájara · 3.3% gross yieldMogán · 2.5% gross yieldSan Bartolomé · 4.6% gross yieldYaiza · 3.9% gross yieldSanta Brígida · 4.2% gross yieldTuineje · 4.1% gross yieldSanta María de Guía de Gran Canaria · 4.4% gross yieldAntigua · 4.0% gross yieldTeror · 4.5% gross yieldValsequillo de Gran Canaria · 4.4% gross yieldMoya · 4.5% gross yieldVega de San Mateo · 4.6% gross yieldFirgas · 4.9% gross yieldAldea de San Nicolás, La · 4.9% gross yieldTinajo · 4.5% gross yieldHaría · 4.2% gross yieldValleseco · 5.3% gross yieldTejeda · 5.4% gross yieldArtenara · 5.3% gross yieldBetancuria · 5.7% gross yieldAgaete · 4.3% gross yield Agaete4.3% Agaete4.3%
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 21 of 34 among the municipalities of its province.

Agaete has 5,683 residents, an average gross household income of €26,895 a year, an approximate unemployment rate of 32% (above the Spanish average). These are signals of how deep housing demand runs, not of the risk of any one tenant.

In favour

  • Momentum 77/100Appraised prices, rents, transactions and population are all rising in the latest data.
  • 3.9 transactions per 1,000 residentsA market with high turnover: reselling is easier than the national average.
  • 1 properties analysedWe hold stock for sale here, each with its own investment score.

Against

  • Approximate unemployment of 32%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 Agaete and what it means for a buy-to-let buyer. Per-m² figures are converted to a reference home of 90 m².

23.1 yearsPrice / Rent (PER)Years of rent to pay off the purchase
6.4 yearsAffordabilityHousehold incomes to pay for 90 m²
28%Rent burdenAnnual rent as a share of household income
0.50%Urban IBIRate approved by the town hall
1,919 €/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 comparison

Where it stands against the rest

Agaete's percentile among the municipalities with enough data, computed on the same figure for all of them.

Gross yield4.3%
19
PeorMedianaMejor
Rent level7 €/m²/month
94
PeorMedianaMejor
Momentum77/100
86
PeorMedianaMejor

Within Las Palmas it ranks 21 of 34 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.

3.9Market turnover
Spain 3.3 transactions a year per 1,000 residents · more turnover, easier to resell
32%Unemployment (approx.)
Spain 11% registered unemployed over unemployed + social security contributors
€26,895Gross household income
Spain €31,185 annual 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 0.55 housing repossessions per 1,000 dwellings of the provincial stock · 2025

Repossessions are a provincial figure (INE): they describe the market in Las Palmas, not this municipality alone.

The costs

Municipal costs and taxes

What the town hall and the cadastre set for this municipality, which is what the owner pays every year whether it is let or not.

0.500%Urban IBI rateApproved by the town hall
2006Last cadastral revisionThe older it is, the more outdated the cadastral value
€432/yearIBI on a standard homeEstimated on 90 m² and the average cadastral value
The trend

How it has moved

Official series for Agaete over recent years. Where a series is missing, the municipality does not publish it.

Housing transactions

MIVAU · deals per year

−47.0% interanual
62 20112015201820222025 28 · 201128 · 201117 · 201217 · 201214 · 201314 · 201341 · 201441 · 201425 · 201525 · 201584 · 201684 · 201678 · 201778 · 201761 · 201861 · 201865 · 201965 · 201944 · 202044 · 202058 · 202158 · 2021112 · 2022112 · 202285 · 202385 · 2023117 · 2024117 · 202462 · 202562 · 2025

Registered unemployment

SEPE · yearly average

−5.9% interanual
460 20192021202320242026 673 · 2019673 · 2019737 · 2020737 · 2020761 · 2021761 · 2021575 · 2022575 · 2022526 · 2023526 · 2023506 · 2024506 · 2024489 · 2025489 · 2025460 · 2026460 · 2026

Average gross income

AEAT · annual tax return

+1.5% interanual
€26,895 20132016201820212023 €20,317 · 2013€20,317 · 2013€20,591 · 2014€20,591 · 2014€20,589 · 2015€20,589 · 2015€21,760 · 2016€21,760 · 2016€21,604 · 2017€21,604 · 2017€22,172 · 2018€22,172 · 2018€23,679 · 2019€23,679 · 2019€22,758 · 2020€22,758 · 2020€24,611 · 2021€24,611 · 2021€26,499 · 2022€26,499 · 2022€26,895 · 2023€26,895 · 2023

Registered population

INE · yearly population register

0.0% interanual
5,683 20112014201820222025 5,776 · 20115,776 · 20115,776 · 20115,776 · 20115,767 · 20125,767 · 20125,767 · 20125,767 · 20125,796 · 20135,796 · 20135,796 · 20135,796 · 20135,656 · 20145,656 · 20145,656 · 20145,656 · 20145,618 · 20155,618 · 20155,618 · 20155,618 · 20155,558 · 20165,558 · 20165,558 · 20165,558 · 20165,526 · 20175,526 · 20175,526 · 20175,526 · 20175,573 · 20185,573 · 20185,573 · 20185,573 · 20185,586 · 20195,586 · 20195,586 · 20195,586 · 20195,599 · 20205,599 · 20205,599 · 20205,599 · 20205,695 · 20215,695 · 20215,695 · 20215,695 · 20215,633 · 20225,633 · 20225,633 · 20225,633 · 20225,568 · 20235,568 · 20235,568 · 20235,568 · 20235,670 · 20245,670 · 20245,670 · 20245,670 · 20245,683 · 20255,683 · 20255,683 · 20255,683 · 2025

Net international migration

INE · immigration − emigration · yearly

+10.9% interanual
71 2021202220232024 23 · 202123 · 202110 · 202210 · 202264 · 202364 · 202371 · 202471 · 2024
Nearby

Alternatives in Las Palmas

Territories of the same level ranked by gross yield, to compare before deciding.

The inventory

What is for sale in Agaete

Our catalogue in this territory, with an investment score computed property by property.

1Properties analysed
€350,000Median priceOf the adverts for sale

See the 1 properties in Agaete

The method

How this page is calculated

Where each figure comes from, over which territory and from what date. Confidence measures data coverage, never investment quality.

Data coverage

100/100

What this page does not show is what is not published about the municipality, not a zero.

  • official rent series (SERPAVI)
  • series sufficient to measure momentum
  • official appraised value (MIVAU)
  • estimated market level
  • our own adverts

When each figure is from

This is the latest figure published by each source for this municipality.

rent
2025
sale
2025
household income
2023
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.