This post is the first in a series of Gran Canaria property market reports that we plan to publish on a quarterly basis. It is based on the most recent statistics published by the Spanish Ministry of Development. In this case the figures corresponding to the 2nd quarter of 2020. Since this year is clearly…
The Canary Islands are the first region of Spain to offer all tourists free supplementary insurance that covers them in the case of exceptional holiday expenses caused by Covid-19. The policy covers all touristic visitors to the Canary Islands (during stays of up to 30 days in registered tourist accomodations) for medical, medical repatriation and…
The awaited State System benchmark index of rental prices has now been published using data collected from 11.2 million rental agreements during the last four years. Issued by the Ministry of Transport, Mobility and Urban Agenda, it will be updated every year and will gather data on 1.7 million properties and 33,662 census sections. This…
The Ayuntamiento de Mogán has modified its 2020 tax calendar to delay several municipal tax payments, including IBI property tax, until October. Residents and non-resident property owners with direct debits set up with the Town Hall will now pay 100% of their IBI tax in October rather than 50% in May-June and 50% in October….
The manager of Cardenas Real Estate, Carolina García Chagrin, has been interviewed by the local newspaper MaspalomasAhora where she explains the keys of the impact of the crisis by the coronavirus on the real estate sector of the island. Continue reading the article below which we have translated into your language. You can see the…
The Puerto Rico Shopping Centre has slowly been revamping its common areas and facilities while remaining open to the public. However, the pause in the arrival of tourists due to Coronavirus has given the centre an opportunity to jump ahead. The centre’s walkways are being repaved and its facades rendered as part of a multi-million…
At Cárdenas Real Estate we know that our team is our biggest asset. We are the best trained and probably the most experienced estate agents in south Gran Canaria and our agents speak ten European languages. However, the Gran Canaria property market involves buyers and sellers from all over the world. Often, the people involved…
Merry Christmas and a Happy New Year 2020! It has been a year full of success in which we have opened our 5th office in Maspalomas and in the year 2020 we will be celebrating nothing more and nothing less than 40 years in business! All this has been made possible thanks to each and…
The Canary Islands Government plans two significant changes to local taxation rules that could affect Gran Canaria property owners. IGIC rises to 7% after a year at 6.5% IGIC is the Canary Islands version of VAT. It was set at 6.5% in 2019 (compared to 21% for the equivalent IVA in mainland Spain). The new…
On October 20, 2019 the Platform for People Affected by Tourism Law (PALT) made public an encouraging declaration by the Canary Islands Ombudsman on the subject of Canary Islands laws that limit the residential use of tourist resort property. The Ombudsman challenges the laws strongly and recommends that the Canary Islands government modify them for…
