{"id":42192,"date":"2024-08-07T23:30:13","date_gmt":"2024-08-07T23:30:13","guid":{"rendered":"https:\/\/www.propertyforsalegrancanaria.com\/investing-in-las-palmas-or-southern-gran-canaria\/"},"modified":"2025-04-15T21:25:39","modified_gmt":"2025-04-15T21:25:39","slug":"investing-in-las-palmas-or-southern-gran-canaria","status":"publish","type":"post","link":"https:\/\/www.propertyforsalegrancanaria.com\/en\/investing-in-las-palmas-or-southern-gran-canaria\/","title":{"rendered":"Investing in Las Palmas or Southern Gran Canaria?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"42192\" class=\"elementor elementor-42192 elementor-41351\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-49abd60 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"49abd60\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fca4203\" data-id=\"fca4203\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b0c3a15 elementor-widget elementor-widget-heading\" data-id=\"b0c3a15\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Investing in Las Palmas: the risks for real estate investors. Find out why putting real estate into income in the city may not be cost-effective. <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-68ebe4f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"68ebe4f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9982cce\" data-id=\"9982cce\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c55f6f2 elementor-widget elementor-widget-text-editor\" data-id=\"c55f6f2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Let me preface by saying I have nothing against Las Palmas&#8230;in fact I love it! I have all my friends who live in the North, I spend almost all my weekends there, I like walking in Las Canteras, shopping at Corte Ingl\u00e8s, biking on Avenida Maritima, getting lost in the little alleys of Vegueta and Triana but&#8230;<span style=\"font-weight: var( --e-global-typography-text-font-weight ); color: #050505; font-family: system-ui, -apple-system, 'system-ui', '.SFNSText-Regular', sans-serif; white-space-collapse: preserve;\">my money and my investors&#8217; money would not spend it on real estate to put into <\/span><span style=\"font-weight: var( --e-global-typography-text-font-weight ); color: #050505; font-family: system-ui, -apple-system, 'system-ui', '.SFNSText-Regular', sans-serif; white-space-collapse: preserve;\">income!<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9c8c349 elementor-widget elementor-widget-text-editor\" data-id=\"9c8c349\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Buying in Las Palmas means investing in a market that is far from rich! in what sense? in the sense that in Las Palmas tourist properties are rented mainly to young people, to people who want to get to know the city a little bit for a few weeks or months perhaps taking a Spanish course on the fly, or for those looking for a fortune &#8230;credit where credit is due! <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-740cf92 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"740cf92\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3c33059\" data-id=\"3c33059\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a2829de elementor-widget elementor-widget-heading\" data-id=\"a2829de\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">But to make money from short- or medium-term rentals YOU NEED TO BUY IN THE SOUTH!<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a867b04 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a867b04\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1f76294\" data-id=\"1f76294\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-99fc8be elementor-widget elementor-widget-text-editor\" data-id=\"99fc8be\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Have you ever seen dozens of couples over from northern Europe spending 3-4 weeks or even months in Las Palmas in winter? I really few&#8230;if any&#8230;and it is the northerners who have the highest number of winter vacation days! It is Northerners who receive government subsidies to go on vacation! It is the Nordics who are the richest retirees in Europe! (Germans, Norwegians, Swedes, Finns, Icelanders, Irish, English, etc.).    <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8f644c1 elementor-widget elementor-widget-text-editor\" data-id=\"8f644c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Try coming to Puerto Rico or Maspalomas in November &#8230;..i Pubs and Karaoke blow up!!! Beaches are sold out and at night for a cab you have to wait and wait &#8230;. so?<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b209879 elementor-widget elementor-widget-text-editor\" data-id=\"b209879\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Have you ever strolled in November in Las Canteras after 10 pm? there are you and the sea&#8230;wonderful let alone but have you ever seen hordes of tourists singing , dancing, drinking late into the night? Me in 10 years never!!!  &nbsp;&nbsp;<\/b>A few at the famous and only pub in the area &#8230; but very few and all mainly young &#8230;<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-246c9d3 elementor-widget elementor-widget-text-editor\" data-id=\"246c9d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Short-term rentals are tourist rentals, and whether you love it or hate it, the TOURIST ZONE OF GRAN CANARIA IS THE SOUTH! There is little to do&#8230; <\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c90c39 elementor-widget elementor-widget-text-editor\" data-id=\"8c90c39\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a\"><div dir=\"auto\">Winter bookings have already exploded and many apartments that I exclusively manage are sold out with mind-boggling prices per night&#8230;.and the names of the tourists are all unintelligible !!!<\/div><\/div><div class=\"x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a\"><div dir=\"auto\">I have all the bookings even from past years that prove how worthwhile and profitable an investment is in the South in the short- or medium-term rental business..and no law and no Guru will ever be able to stop winter tourism in the heat&#8230;and if we really want to put it bluntly&#8230;not even summer tourism!<\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a09bff7 elementor-widget elementor-widget-text-editor\" data-id=\"a09bff7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In fact, this year as never before even in summer the South of the island appeals to tourists, certainly influenced by the unfortunately difficult situation in the Middle East area&#8230;but also because in Las Palmas there is panza de burro (donkey belly)!!! clouds, clouds and clouds almost every day&#8230;<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-965a5ef elementor-widget elementor-widget-text-editor\" data-id=\"965a5ef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"text-decoration: underline;\"><strong>SO LISTEN TO THE NUMBERS and not to the Gurus with videos on Tik Tok, Facebook, YouTube, etc., who try to convince you with strange theories about the advantages of buying a property to put income with tourism in northern Gran Canaria!<\/strong><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f846786 elementor-widget elementor-widget-text-editor\" data-id=\"f846786\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>But then sorry, and I will conclude, you if you were to go on vacation to the sea, would you choose a studio apartment in a building in the middle of traffic and smog with a cool, cloudy and windy climate in the winter, or a bungalow with a garden, an apartment with a terrace overlooking the sea in quiet San Agustin or up in Puerto Rico with one of the best microclimates in the world and year-round sunshine?<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b137e5b elementor-widget elementor-widget-text-editor\" data-id=\"b137e5b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Look a bit on Idealista&#8230;how many tourist apartments for sale are there in Las Palmas with photos of towels on the beds and bottles of sparkling wine on the snack top&#8230;and how many are there in the South?? very few! and ask yourself two questions no! I don&#8217;t sell if I know it makes me! (in a few cases you sell for other reasons for sure, even I have cases of apartments for sale in the south for personal reasons even serious ones of the owners..but these are exceptions) <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a042c16 elementor-widget elementor-widget-text-editor\" data-id=\"a042c16\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You be the judge &#8230; I meanwhile enjoy reading and sneer to myself &#8230;<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f4c6e4d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f4c6e4d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1298c47\" data-id=\"1298c47\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4f23fd1 elementor-widget elementor-widget-text-editor\" data-id=\"4f23fd1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you are interested in Investing in Gran Canaria please contact me.<\/p><p>Daniele Piccoli +34 635 632 009 +39 351 871 1203<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Investing in Las Palmas: the risks for real estate investors. Find out why putting real estate into income in the city may not be cost-effective. Let me preface by saying I have nothing against Las Palmas&#8230;in fact I love it! I have all my friends who live in the North, I spend almost all my [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":42200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1192],"tags":[311,735,313],"class_list":["post-42192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-investments","tag-buy-house-in-the-canary-islands","tag-invest-in-las-palmas","tag-investing-in-the-canary-islands"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Investing in Las Palmas or Southern Gran Canaria - 2024<\/title>\n<meta name=\"description\" content=\"Reasons to avoid investing in Las Palmas. Learn why the real estate market in the city does not offer great opportunities for returns.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyforsalegrancanaria.com\/en\/investing-in-las-palmas-or-southern-gran-canaria\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investing in Las Palmas: Profitability Considerations. A Careful Real Estate Investor Invests in Southern Gran Canaria.\" \/>\n<meta property=\"og:description\" content=\"Real estate in Las Palmas: wise investment or risk? Learn the reasons why the city&#039;s real estate market is not as prosperous as it seems.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyforsalegrancanaria.com\/en\/investing-in-las-palmas-or-southern-gran-canaria\/\" \/>\n<meta property=\"og:site_name\" content=\"Property for sale Gran Canaria\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DANIELEPICCOLIPROPERTYFORSALEGRANCANARIA\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/DANIELEPICCOLIPROPERTYFORSALEGRANCANARIA\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-07T23:30:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-15T21:25:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyforsalegrancanaria.com\/wp-content\/uploads\/2024\/08\/IMG_4867-3-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1920\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Daniele Piccoli\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Investing in Las Palmas or Southern Gran Canaria?\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Daniele Piccoli\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.propertyforsalegrancanaria.com\\\/en\\\/investing-in-las-palmas-or-southern-gran-canaria\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.propertyforsalegrancanaria.com\\\/en\\\/investing-in-las-palmas-or-southern-gran-canaria\\\/\"},\"author\":{\"name\":\"Daniele Piccoli\",\"@id\":\"https:\\\/\\\/www.propertyforsalegrancanaria.com\\\/en\\\/#\\\/schema\\\/person\\\/0eaa025603490fa850c97320f3c66582\"},\"headline\":\"Investing in Las Palmas or Southern Gran Canaria?\",\"datePublished\":\"2024-08-07T23:30:13+00:00\",\"dateModified\":\"2025-04-15T21:25:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.propertyforsalegrancanaria.com\\\/en\\\/investing-in-las-palmas-or-southern-gran-canaria\\\/\"},\"wordCount\":762,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.propertyforsalegrancanaria.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.propertyforsalegrancanaria.com\\\/en\\\/investing-in-las-palmas-or-southern-gran-canaria\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.propertyforsalegrancanaria.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/IMG_4867-3-scaled.jpg\",\"keywords\":[\"buy house in the canary islands\",\"invest in las palmas\",\"investing in the canary islands\"],\"articleSection\":[\"Real Estate Investments\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.propertyforsalegrancanaria.com\\\/en\\\/investing-in-las-palmas-or-southern-gran-canaria\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.propertyforsalegrancanaria.com\\\/en\\\/investing-in-las-palmas-or-southern-gran-canaria\\\/\",\"url\":\"https:\\\/\\\/www.propertyforsalegrancanaria.com\\\/en\\\/investing-in-las-palmas-or-southern-gran-canaria\\\/\",\"name\":\"Investing in Las Palmas or Southern Gran Canaria - 2024\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.propertyforsalegrancanaria.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.propertyforsalegrancanaria.com\\\/en\\\/investing-in-las-palmas-or-southern-gran-canaria\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.propertyforsalegrancanaria.com\\\/en\\\/investing-in-las-palmas-or-southern-gran-canaria\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.propertyforsalegrancanaria.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/IMG_4867-3-scaled.jpg\",\"datePublished\":\"2024-08-07T23:30:13+00:00\",\"dateModified\":\"2025-04-15T21:25:39+00:00\",\"description\":\"Reasons to avoid investing in Las Palmas. 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