Rental yield in Canarias, city by city
The 18 cities in Canarias with official data (capitals and towns of more than 25,000 inhabitants), from highest to lowest indicative gross yield. Click one for its details and a worked example flat.
These are cautious figures: the official rent is the median of all contracts declared in 2024, including older, cheaper ones, and the price is from Q2 2026. Asking rents in today's listings are usually higher: enter your flat in the calculator.
| # | City | Province | Price €/m² | Rent €/m² a month | Gross yield |
|---|---|---|---|---|---|
| 1 | Ingenio | Las Palmas | €1,420 | €6.22 | 5.3% |
| 2 | Telde | Las Palmas | €1,796 | €7.14 | 4.8% |
| 3 | Agüimes | Las Palmas | €1,865 | €7.37 | 4.7% |
| 4 | Arucas | Las Palmas | €1,629 | €6.33 | 4.7% |
| 5 | Santa Lucía de Tirajana | Las Palmas | €1,761 | €6.77 | 4.6% |
| 6 | San Cristóbal de La Laguna | Santa Cruz de Tenerife | €2,042 | €7.31 | 4.3% |
| 7 | Arrecife | Las Palmas | €2,016 | €7.10 | 4.2% |
| 8 | Puerto del Rosario | Las Palmas | €1,959 | €6.82 | 4.2% |
| 9 | Las Palmas de Gran Canaria · capital | Las Palmas | €2,337 | €8.10 | 4.2% |
| 10 | La Orotava | Santa Cruz de Tenerife | €1,729 | €5.95 | 4.1% |
| 11 | Candelaria | Santa Cruz de Tenerife | €2,735 | €9.37 | 4.1% |
| 12 | Granadilla de Abona | Santa Cruz de Tenerife | €2,502 | €8.47 | 4.1% |
| 13 | Santa Cruz de Tenerife · capital | Santa Cruz de Tenerife | €2,330 | €7.80 | 4.0% |
| 14 | Puerto de la Cruz | Santa Cruz de Tenerife | €3,092 | €10.21 | 4.0% |
| 15 | Los Realejos | Santa Cruz de Tenerife | €1,906 | €5.97 | 3.8% |
| 16 | Arona | Santa Cruz de Tenerife | €2,946 | €9.15 | 3.7% |
| 17 | San Bartolomé de Tirajana | Las Palmas | €3,286 | €8.93 | 3.3% |
| 18 | La Oliva | Las Palmas | €3,300 | €8.59 | 3.1% |
And your flat in Canarias?
The yield in the table is that of a typical flat with official data. Enter yours in the calculator (with your region's transfer tax, the mortgage, costs and income tax) or search the map for the best-yielding flats for sale in your area.
Frequently asked questions
Other regions
Where does letting a flat yield most in Canarias?
With official data, in Ingenio (5.3%), Telde (4.8%) and Agüimes (4.7%) indicative gross yield. The median of the 18 cities in Canarias with data is 4.1%.
Where is it most expensive to buy a home in Canarias?
In La Oliva, with an average appraised value of €3,300/m². The cheapest in the table is Ingenio, at €1,420/m².
What taxes do you pay when buying a flat in Canarias?
A resale home pays transfer tax (ITP) of 6.5%; a new build pays IGIC of 7% and stamp duty (AJD) of 0.75%. See it band by band in the transfer tax guide.
Sources
Price: Spanish Ministry of Housing and Urban Agenda, appraised housing value statistics (average appraised value of private housing in municipalities of over 25,000 inhabitants, Q2 2026). mivau.gob.es
Rent: Spanish Ministry of Housing and Urban Agenda, State Rental Price Reference System (SERPAVI), from 2024 income tax returns. SERPAVI
Indicative estimate based on official data. Not financial or tax advice.