After six years of declines, property prices in the Canary Islands rose by 1% last year. In Spain as a whole prices fell 0.3%.
The rise is evidence of the health of the Canarian market caused by a rise in local demand and the continued demand for holiday properties from foreign buyers. The figures include residential, urban and rural property as well as property in resort areas.
We expect the news, combined with the weakness of the Euro compared to other European currencies to trigger a buying surge here in Gran Canaria.
Here at Cardenas Real Estate we continue to select the list the island’s best properties and focus on providing the best service possible to our clients.