Looking to buy an apartment in Gran Canaria? Whether you’re interested in a flat for sale in Puerto Rico, a beachfront apartment in Maspalomas, or a cozy home in Arguineguín, this guide walks you through everything you need to know.
At Lux Building SL, we specialize in helping international buyers find the best property in Gran Canaria for sale—safely and stress-free.
✅ Step 1: Can Foreigners Buy Property in Gran Canaria?
Yes! Spain welcomes foreign buyers with no restrictions. Whether you’re from the EU, UK, or outside Europe, you can buy apartments in Gran Canaria as an individual or through a company.
You will need:
- A NIE number (Foreigner Identification Number)
- A valid passport
- A Spanish bank account
✅ Step 2: Define Your Ideal Location & Budget
Gran Canaria offers various lifestyles and property types:
🌴 Popular Areas:
- Puerto Rico – Popular for beachfront apartments for sale
- Arguineguín – Quiet residential community, ideal for families
- Maspalomas – Golf, dunes, and high-end villas
- Las Palmas – Urban living with excellent infrastructure
💶 Typical Price Ranges:
- 1-bedroom apartment: €100,000–€180,000
- 2-bedroom flat: €160,000–€280,000
- Luxury beachfront apartment: from €350,000+
✅ Step 3: Find a Trusted Real Estate Agent
Choose a local, experienced agent like Lux Building SL to guide you through legal and financial processes. We offer:
- Verified listings
- Legal checks
- Property viewings
- Bilingual staff (EN | ES | DE | IT)
✅ Step 4: Reserve the Property
Once you find your dream apartment for sale in Gran Canaria, you can:
- Sign a reservation contract
- Pay a deposit (usually €3,000–€6,000)
This removes the listing from the market temporarily while contracts are prepared.
✅ Step 5: Legal Checks & Notary
Your lawyer will:
- Verify property registration
- Check for debts or embargoes
- Prepare the purchase contract
Then you’ll sign the Escritura Pública (Deed of Sale) before a notary.
✅ Step 6: Pay Taxes and Complete the Purchase
Final costs may include:
- Transfer Tax (ITP): ~6.5% (on resale properties)
- VAT (IVA): 7% (on new builds)
- Notary & Registry fees: ~1–1.5%
- Lawyer fees: ~1% (recommended but optional)
Once signed, you’re officially the owner and can register the property.
✨ Why Buy Property in Gran Canaria?
✅ All-year sun
✅ High rental demand
✅ Safe and stable property market
✅ EU legal framework
✅ Ideal for relocation, investment, or holiday home
💬 FAQs: Buying Property in Gran Canaria
❓ Can I get a mortgage in Spain as a foreigner?
Yes, Spanish banks offer mortgages to non-residents (usually up to 60–70% of the price).
❓ Do I need to be in Spain to buy?
No. You can buy remotely with power of attorney and electronic signatures.
❓ Can I rent out the property?
Yes. Short-term (tourist) rentals may need a license depending on location.
❓ Is it better to buy as a company or individual?
For most buyers, personal ownership is simpler. Companies are mainly used for investments or tax reasons.
📌 Final Tips from Lux Building SL
- Always get a trusted lawyer
- Avoid cash deals
- Ask about community fees
- Make sure the property is officially registered
Whether you’re looking for a buy apartment in Gran Canaria, an apartment for sale in Puerto Rico, or just exploring Gran Canaria property for sale, our team is here to guide you every step of the way.
📞 Ready to Buy Your Dream Property?
At Lux Building SL, we offer:
- Verified apartments in Puerto Rico Gran Canaria for sale
- Personalized assistance in multiple languages
- Safe buying process from start to finish
👉 Contact us today or browse our listings of apartments for sale Gran Canaria.
