Las Palmas
Rental yield in La Minilla
La Minilla is a mid-priced area for Las Palmas, with an average rental yield and a Total Return above the city average. Here is what a typical flat in La Minilla costs to buy and rent, and the Total Return (IRR) it delivers, compared with the other areas of Las Palmas.
Sale price
2,196
€/m² · second-hand homes
Rent
12.5
€/m² per month · market rate
Gross yield
6.8%
annual rent ÷ price
Total Return
10.4%
10-year IRR · typical flat
Appreciation
+4.1%
a year, 10-15 year history
Cash flow
€100
per month, year 1, after tax
What the data says
La Minilla is an area of Las Palmas. The reference sale price is €2,196/m², based on the Fotocasa index adjusted to transaction prices: 13% below the Las Palmas median (€2,538/m²). It ranks 13 of 20 neighbourhoods in Las Palmas by price.
The achievable market rent is around €12.5/m² per month (district figure adjusted to the neighbourhood's rent structure; idealista asking rents adjusted to achievable rent): about €1,125 a month for a typical 90 m² flat, with no legal cap. The gross yield (annual rent ÷ price) comes to 6.8%, 0.9 points above the city median (5.9%): rank 7 of 20 by gross yield.
With a 70% mortgage at 3.80% over 25 years and a sale after 10 years, the estimated Total Return (IRR) for that typical flat is 10.4%, above the Las Palmas median (9.1%). It takes about €74,236 of cash (deposit, taxes and costs), and first-year cash flow after tax is €100 a month.
Asking prices in its district have grown by an average of 4.1% a year over the last 10 and 15 years (idealista, December 2025). Historical, not a forecast: it is the appreciation the modelled sale assumes.
A typical flat in La Minilla
The same standard assumptions as the CasaROI map: change the mortgage, term or tax profile in your account and the Total Return is recalculated for your case.
- Size
- 90 m²
- Purchase price
- €197,640
- Monthly rent
- €1,125
- Cash needed · deposit + transfer tax + costs
- €74,236
- Monthly cash flow (year 1)
- €100
- Total Return (IRR)
- 10.4%
Assumptions: 70% mortgage over 25 years at 3.80%, sale after 10 years, Spanish tax resident at a 37% marginal rate, no renovation.
Nearest areas, ranked by gross yield
| Area | €/m² | Rent €/m² | Gross | IRR |
|---|---|---|---|---|
| Schamann - Rehoyas | 1,527 | 11.8 | 9.3% | 13.6% |
| Altavista - Don Zoilo | 2,304 | 13.5 | 7.0% | 10.7% |
| La Minilla | 2,196 | 12.5 | 6.8% | 10.4% |
| Negrín | 2,196 | 11.7 | 6.4% | 9.7% |
| La Feria | 2,088 | 10.9 | 6.3% | 9.5% |
| Escaleritas | 2,246 | 11.2 | 6.0% | 9.1% |
| Ciudad Jardín | 2,960 | 14.0 | 5.7% | 9.7% |
| Guanarteme | 3,681 | 15.2 | 5.0% | 8.7% |
| Alcaravaneras | 3,281 | 12.8 | 4.7% | 8.1% |
Frequently asked questions
How much does a square metre cost in La Minilla?
€2,196/m² on average, based on the Fotocasa index adjusted to transaction prices. A typical 90 m² flat costs about €197,640, 13% below the Las Palmas median.
How much is rent in La Minilla?
Around €12.5/m² per month at market rates: €1,125 a month for a 90 m² flat, with no legal cap.
Is La Minilla a good buy-to-let investment?
The gross yield is 6.8% (Las Palmas median: 5.9%). With a 70% mortgage and a sale after 10 years, the estimated Total Return (IRR) is 10.4% against a city median of 9.1%. It depends on your financing and tax residency: with your own profile the number can change.
Is La Minilla in a stressed rental zone?
No. Las Palmas is not a declared stressed rental zone: rents are set by the market, with no legal cap.
Buying in La Minilla?
Paste the listing and we tell you whether it holds up at that price: legal rent, taxes, red flags and a verdict.
Sources and method
- Sale: Fotocasa · neighbourhood sale-price index (June 2026) · ÷1,13 a precio de transacción (calibrado vs registral Madrid/BCN)
- Rent: idealista · informe de alquiler por neighbourhood donde se publica, si no ancla del district (June 2026) ajustada a renta alcanzable (×0,95) con la estructura declarada SERPAVI del neighbourhood (Sistema Estatal de Índices 2024)
- Appreciation: average of the 10- and 15-year rates of the area's asking price — historical, not a forecast