Buying House in Gran Canaria

Buying a house in Gran Canaria can be a trouble-free experience if done well. In case you do not do it correctly, you could face unimaginable problems thereafter. Before you purchase a house in Gran Canaria, it is important to consider a number of things to guide you throughout the prices.

It is important to note that purchasing a house can be an expensive venture as there have been significant increase in prices over the last decade and while process are stagnant at the moment ,the homes remain out of reach for many. However, this does not mean you cannot find your ideal house in Gran Canaria. That is why you need to know how to go about it before buying a house.
Many buyers use the services of real estate agents that are widely available in the city. Nonetheless, private sales are also available, although you need to be cautious when dealing with private sellers to avoid getting ripped off your hard-earned money.

Real estate agents seem to put their ads in dailies and on the internet. Nonetheless, there are several housing magazines that are sold by newspaper vendors. Look around, as sellers tend to place their own prices, which could be way above than the actual price of the house.

Estate agents tend to advertise in their shop windows, in the newspaper La Provincia and on the website However, there are also many housing newspapers that you can pick up in garages and newsagents. Shop around though sellers seem to put on whatever price they want and it may be much more than the actual value of the property.

Prices for houses in Gran Canaria are normally cheaper in comparison to other parts of the continent. However, these are no longer bargains as the prices keep on rising. The price of a house is determined by the owner and more often than not, these bear no resemblance to the property’s actual value.

While some people may tell you there is no room for haggling, that is not true. You can get a significant reduction on the initial quoted price on any property so be sure to ask for a price reduction.
Remember there are numerous fake house sellers and agents in Gran Canaria, particularly when dealing with older houses. Before buying a house, be sure to check the documents carefully. You may want to involve the services of a trustworthy lawyer to ensure all the documents are okay.