Investing in Vega de San Mateo: 6 €/m²/month in rent and 4.6% gross yield
Buying in Vega de San Mateo costs 1,549 €/m² on average and renting goes for 6 €/m² a month, leaving a gross yield of 4.6% before costs and taxes. It sits somewhat above the Spanish average (4.2%), with purchase prices below the Spanish average.
Vega de San Mateo within Las Palmas
Where the municipality sits and how it compares with its neighbours.
Administrative boundaries from the Spanish National Geographic Institute (CC BY 4.0). The Canary Islands are drawn shifted, as on any map of Spain.
What the analysis sees
The specific signals the official data leaves about this market, before going into detail.
On gross yield it ranks 11 of 34 among the municipalities of its province.
Vega de San Mateo has 7,899 residents, an average gross household income of €25,239 a year, an approximate unemployment rate of 26% (above the Spanish average). These are signals of how deep housing demand runs, not of the risk of any one tenant.
In favour
No notable positive signals.
Against
- Momentum 30/100The local market is not helping: the recent series are flat or falling.
- 1.4 transactions per 1,000 residentsAn illiquid market: expect longer selling times.
- Approximate unemployment of 26%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.
What it costs and what it earns
The market level in Vega de San Mateo and what it means for a buy-to-let buyer. Per-m² figures are converted to a reference home of 90 m².
Where it stands against the rest
Vega de San Mateo's percentile among the municipalities with enough data, computed on the same figure for all of them.
Within Las Palmas it ranks 11 of 34 on gross yield.
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.
Repossessions are a provincial figure (INE): they describe the market in Las Palmas, not this municipality alone.
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.
How it has moved
Official series for Vega de San Mateo over recent years. Where a series is missing, the municipality does not publish it.
Housing transactions
MIVAU · deals per year
Registered unemployment
SEPE · yearly average
Average gross income
AEAT · annual tax return
Registered population
INE · yearly population register
Net international migration
INE · immigration − emigration · yearly
Alternatives in Las Palmas
Territories of the same level ranked by gross yield, to compare before deciding.
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
90/100What 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
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.