Enjoy year-round sunshine, a relaxed pace of life and surprisingly affordable homes on one of Spain’s most accessible islands. Here’s everything you need to know about buying property in Gran Canaria.
From the moment you land on the island, there’s a shift in pace that’s hard to ignore. Locals linger over lunch, spend weekends in the mountains or by the sea and embrace the outdoors year-round. This is a place where lifestyle really matters – and where many overseas buyers find the space, sunshine and freedom to make their new chapter work.
Whether you want to work remotely somewhere sunny or create a base for your extended family to enjoy, Gran Canaria is a strong contender, offering year-round warmth, excellent value and a straightforward buying process. Keep reading to find out more…
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Contents
- Why buy property in Gran Canaria?
- What’s the weather like?
- Where to buy
- Getting there
- What can you buy for your budget?
- Is property in Gran Canaria a good investment?
- How to buy property in Gran Canaria
Why buy property in Gran Canaria?
Lying in the Atlantic, at the same latitude as the Sahara, Gran Canaria basks in warm sunshine all year – but with sea breezes that keep the climate pleasant.
The island’s population of under one million means it’s big enough for amenities and entertainment, without losing its laid-back charm.
Outdoor lovers are spoilt for choice, with over 60 kilometres of coastline, mountain hiking trails, pine forests and dramatic volcanic landscapes. Currently, there’s a reforestation programme under way to protect the island’s future and its biodiversity. Unlike Tenerife, Gran Canaria still offers pockets of affordability, particularly outside the most famous tourist hubs.
You’ll also find a strong sense of community here. From farmers’ markets in mountain villages to beachfront tapas bars that buzz into the evening, the island is filled with local colour and charm.
What’s the weather like?
If reliable warmth is what you’re after, Gran Canaria is hard to beat. The island’s temperatures rarely dip below 24°C and often hover in the 20s even in the winter months. In summer, it can heat up quickly – especially during a “calima”, when Sahara dust drifts over the island and raises temperatures significantly.
But generally speaking, it’s mild, bright and breezy – perfect for swimming, walking or just reading a book in the shade.
Where to buy in Gran Canaria
Here’s a breakdown of some of the most popular – and most liveable – places to buy:
Puerto de Mogán (image: RICARDO ALGAR / Shutterstock.com)
| Area | What it’s known for | Ideal for |
|---|---|---|
| Las Palmas | Historic city with beaches, nightlife and culture | City lovers, culture seekers |
| Playa del Inglés | Resort town with nightlife, beach clubs and LGBTQI+ scene | Younger buyers, social scene |
| Puerto de Mogán | Canals, marina, laid-back feel | Relaxed holiday lifestyle |
| Agaete | Traditional town with gardens and fishing port | Tranquillity and local charm |
Browse Gran Canaria properties
Getting there
Gran Canaria is extremely accessible, with direct flights from many European airports taking around four hours. The island’s international airport is just 20 minutes from Las Palmas by car or bus. You can also reach Gran Canaria by ferry from Tenerife – the fastest crossing takes just 80 minutes.
What can you buy for your budget?
Gran Canaria offers strong value compared to other islands like Tenerife. Expect to pay more in hotspots like Las Palmas or Playa del Inglés, but prices drop significantly inland and along the northern coast.
| Budget | What you can buy |
|---|---|
| €30,000-€70,000 | Renovation project or older townhouse |
| €70,000-€200,000 | Refurbished apartment, some with sea or mountain views |
| €250,000+ | Modern villa with garden and pool |
Is Gran Canaria a good investment?
Gran Canaria is appealing for long-term owners thanks to its 6.5% property transfer tax (compared to 10% in Valencia). However, if you’re planning to buy and rent, keep an eye on the Canary Islands’ new proposed regulations. A draft law may soon limit holiday lets in residential buildings to just 10%.
Even so, Gran Canaria’s climate, affordability and relatively low tax make it attractive to lifestyle buyers and investors alike. The limited supply of land for new builds means resale properties in good locations can hold their value well over time.
How to buy property in Gran Canaria
Here’s what your buying journey might look like:
- Research properties online: shortlist areas and properties that suit your needs and budget.
- Build your team: contact a local estate agent, an English-speaking lawyer, and a currency specialist like Smart Currency Exchange. You may also need a mortgage advisor or financial planner.
- Book a viewing trip: once you’ve lined up your favourites, head to Gran Canaria to view them in person. This is your chance to get a feel for the lifestyle, not just the property.
- Make an offer: if the seller agrees, you’ll sign a reservation contract and pay a fee. Then you’ll sign a private purchase contract (contrato de compraventa) and pay a 10% deposit.
- Complete the sale: your lawyer will liaise with the notary. At completion, you’ll pay the balance, taxes, stamp duty and fees and receive your keys.
Final thoughts
For anyone looking to combine value, warmth and culture in one of Spain’s most unique locations, Gran Canaria ticks a lot of boxes. You’re not just buying bricks and mortar – you’re investing in a lifestyle that allows you to live outdoors, feel part of a community and slow things down. Whether your dream is early retirement, part-time living or a holiday base for future generations, Gran Canaria is a solid choice.
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