For Property Owners · Puerto Rico
Puerto Rico de Gran Canaria is part of Mogán municipality. No official MIVAU municipality-specific appraisal is published for Mogán.
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„Selling property in Gran Canaria demands deep local market insight, complete legal transparency, and targeted access to qualified international buyers across Europe.“
Marius Baumfalk
Founder & Client Advisory
Calculated using official appraisal registers for Gran Canaria (MIVAU / ISTAC 2026-Q1).
Official price per square metre in your municipality
Official Data Source
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Note on appraisal data: Mogán municipality has fewer than 25,000 inhabitants and is therefore not published separately in the MIVAU appraisal register. Any statistical reference to official appraisal data for Puerto Rico uses the province of Las Palmas average, which covers all of Gran Canaria, Lanzarote and Fuerteventura.
This provincial figure is not a market price for Puerto Rico. Your actual valuation is based on recorded transactions and active comparables in the resort itself.
Puerto Rico is a purpose-built resort on the south-west coast of Gran Canaria. Its property stock is almost entirely apartments and bungalows on steeply terraced hillsides above the marina and beach.
The market is driven by international buyers and sellers, with German, British and Scandinavian nationals making up the largest segments. Proximity to the sea, direct access from the apartment to the pool terrace, parking and the building's holiday rental licence status are the primary value factors.
In Puerto Rico, the single strongest factor affecting asking price is the property's position relative to the marina and beach.
A ground-floor or first-floor unit with direct pool access in a complex on the lower road commands a substantial premium over a higher-floor apartment with obstructed sea views in a complex on the upper hillside, even when floor areas are identical. Buyers know this, and they will compare within these micro-zones rather than across the resort as a whole.
A Nota Simple, cadastral certificate and energy performance certificate are the baseline. For Puerto Rico apartments, the community certificate is particularly important: many complexes have ongoing litigation, major works decisions or community debt that will affect a buyer's ability to obtain mortgage financing. These must be disclosed, and the seller's position relative to any outstanding community decisions should be confirmed before accepting a reservation deposit.
Non-resident sellers, the majority of Puerto Rico property owners, are subject to a 3 % retention at notary.
Most buyers for Puerto Rico properties are overseas, and most will not view in person before submitting an offer.
Marketing material needs to answer the questions a buyer will have without the opportunity to visit: access from the road to the front door, step count to the pool, distance to the nearest parking, the noise environment on the terrace and the view from each room. Photography and floor plans that address these questions before the first enquiry save both sides time.
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Legal, tax and procedural guidance for property owners
The Plusvalia Municipal (tax on the increase in value of urban land) is generally paid by the seller. It is calculated from the cadastral value of the land and the period of ownership according to municipal ordinances. The exact amount is determined by the Ayuntamiento de Mogan.
The sales file must include an up-to-date Nota Simple from the Land Registry, cadastral documentation, a valid Energy Performance Certificate (CEE), the most recent IBI receipts, and a community certificate of zero outstanding debts from the property administrator.
If the seller is not tax-resident in Spain, the buyer is legally obligated to withhold 3% of the agreed purchase price and submit it directly to the Spanish tax agency (Agencia Tributaria) via Modelo 211 as an advance payment against capital gains tax.
How long a sale takes cannot be stated as a general rule. The period between the arras agreement and the deed is agreed between the parties, not fixed by law, and depends on the state of the documentation, the buyer financing and the checks their lawyer requires.
Certain deadlines are set by law, among them the deadline for the buyer to pay the statutory retention to the Spanish tax agency. Your tax adviser or lawyer will name the deadlines that apply to your situation.
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Marius Baumfalk · AFORTUNA ESTATES