Market analysis — Las Palmas de Gran Canaria
Las Palmas de Gran Canaria records 378,797 residents in 2022, a population essentially stable versus 2015 (-0.3%) according to INE's Padrón Continuo. Median sale price per square metre in Rendio's analysed listings sits at €3,477/m², with a marked asymmetry between Atlantic-front and central districts —Santa Catalina - Canteras, Negrín, Alcaravaneras— above €4,000/m², and inland residential districts —Tamaraceite, San Lorenzo, Tafira— in the €1,360-2,500/m² range. Island geography and holiday-rental pressure shape a price structure distinct from Spain's peninsular capitals.
Rental tension scores 37 out of 100 on demand and 53 out of 100 on tenant budget. SERPAVI's average rent estimate (€600/month in 2024) absorbs around 48% of the per-capita disposable income INE publishes for the province (€14,968/year). Demographic stability combined with the weight of holiday rentals and tourist season on the available housing stock is a distinctive feature of the Canary market. Historically, island markets with similar residential-tourist use tensions have evolved with moderate gross yields in purely residential districts and yield compression in districts directly exposed to short-stay rentals.
Across 16 districts covered, net yield ranges from 1.27% in Santa Catalina - Canteras to 4.64% in San Lorenzo. The best price-to-rent ratios are in San Lorenzo (4.64%), Tamaraceite (3.30%), Vegueta (2.77%), Schamann - Rehoyas (2.58%) and Tafira (2.53%). Supply concentrates very unevenly: Santa Catalina - Canteras gathers 31 listings, Siete Palmas 17, Guanarteme 10, against the remaining districts at 3-9 listings each. That concentration in coastal districts of the capital centre —the most exposed to holiday rentals— alongside net yields below 1.8% in those same districts reflects a market where pure residential buyers pay a premium for tourist location that doesn't translate into better stable-rental yield.
Rendio applies an initial filter to remove listings outside the retail-investor profile: VPO-classified properties or Canary special-regime housing, units with active tenants or irregular occupation, «to reform» listings without an estimable refurbishment cost, and cases with insufficient surface or price data. The Catastro reference adds a complementary check when available. The dashboard lets you filter the 164 active Las Palmas listings by these criteria and by net yield computed one listing at a time.