4.8% Gross rental yield4.8% Gross rental yieldAzahar Gardens in Maspalomas, Las Palmas. 3-bed townhouses, 137 m², 4.8% gross yield. New-build property by the sea in Spain — €618,000.
This new-build is in Maspalomas, Las Palmas (Canary Islands). The nearest airport is LPA, convenient for lettings and personal visits. Strong local infrastructure, beaches and tourist demand support steady occupancy.
Buying in Maspalomas is southern Gran Canaria, with its famous dunes, lighthouse and one of Spain’s steadiest resort markets. Among 6 new-builds you will find many villas and sea-view homes.
The famous dunes (a nature reserve), long beaches, shopping centres, golf courses and Gran Canaria airport ~30 minutes away. Meloneras offers the newest, most premium seafront housing.
New-build in Maspalomas →Estimated gross rental yield is 4.8%. This is an off-plan unit: pay in stages during construction, completion 2027 Q2. Buy at today’s price and complete at market value.
Worked through on this property’s real numbers: price €618,000, estimated gross yield 4.8%.
Net estimate: ~30% deducted from gross rent for non-resident tax, vacancy and management. A guide, not a guarantee.
Pre-filled with a €618,000 price and a 35% deposit. Adjust the inputs to your situation.
Loan €401,700 with a €216,300 deposit.
Indicative. Excludes bank arrangement fees, valuation and mandatory insurance. Confirm terms with the bank.
On top of the price, budget 10–14% for taxes and fees: VAT or transfer tax, notary, registry, lawyer. For €618,000 that is roughly €61,800–€86,520.
Get an exact figure in the costs calculator →
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