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Record rental prices in Playa del Inglés: prices rise 12% to 23,8 euros per square meter

Record rental prices in Playa del Inglés: prices rise 12% to 23,8 euros per square meter

Gara Hernández - M24h Friday, April 24, 2026

The rental market in Playa del Inglés reached a historic milestone at the close of the first quarter of 2026, solidifying its position as one of the epicenters of real estate pressure in southern Gran Canaria. The price per square meter in March reached €23,8, the highest figure recorded to date in the area. This surge represents a 12,8% year-on-year increase, reflecting absolute resistance to price controls and a demand that continues to far exceed the available supply in the most emblematic district of San Bartolomé de Tirajana.

The acceleration in rents has been particularly pronounced during the winter period. After a brief period of stabilization at the end of 2025, prices have risen for three consecutive months, accumulating a quarterly increase of 3%. The data shows that this surge is not an isolated phenomenon of the peak season, but rather a structural trend that began to gain momentum in January, when the value of rental land jumped from €23,1 to €23,4, maintaining a monthly growth rate that has since culminated in the current all-time high.

A retrospective analysis of the past year reveals the magnitude of the price increase in the heart of southern Gran Canaria. In March 2025, tenants were paying a significantly lower average, but the upward trend intensified during the summer of that year, with monthly increases peaking at 4,9% in August. Despite slight technical corrections observed in October and November 2025, the market has regained its strength, demonstrating that Playa del Inglés operates under a premium pricing dynamic that sets it apart from other residential districts on the island.

This scenario places the area at a standstill compared to its historical peak, which in practice means that it has never been so expensive to live in or manage a rental property on this stretch of coastline. Upward pressure extends throughout the municipality, but it is in this enclave where profitability for landlords and the barrier to entry for tenants have reached critical levels. With a double-digit year-on-year increase, Playa del Inglés reaffirms its status as the most inflationary real estate asset in the archipelago.

 

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