AtalayaAtalaya

Apartment in Las Palmas de Gran Canaria

Calle P Jose M Millares Sall, 19

Centro, Las Palmas de Gran Canaria, Las Palmas • Ref: #621208F1

€87,910-55% vs area market
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Size

64 m²

Price / m²

€1,373

Rooms

1

OccupancyOccupied · legal tenant
70
Calle P Jose M Millares Sall, 19 — Centro, Las Palmas de Gran Canaria
Photo: holapisos
1 / 2

AI visual analysis

Automated analysis · physical condition

2 of 2 photos analyzed

Physical condition

Needs work

Photo quality

Good

Model observations

  • •Fachada: Edificio residencial plurifamiliar con bajos comerciales en planta baja, con carpinteria exterior y revestimientos en estado estandar.
  • •Exterior: Entorno urbano con aceras y viales consolidados sin apreciarse danos estructurales a nivel de calle.

Description

Piso en Palmas de Gran Canaria (Las), Palmas, Las, idóneo para parejas. El inmueble dispone de una superficie de 64 m² construidos distribuidos en una habitación, salón-comedor, cocina y un aseo. Está situado en el centro de Palmas de Gran Canaria (Las), en sus alrededores encontramos el Hospital insular Unidad de Traslados, la Universidad de Las Palmas de Gran Canaria, supermercados, bancos, bibliotecas, farmacias, oficinas de correos, centros deportivos y varias paradas de autobús. Cuenta con fácil acceso a GC-1.

Characteristics

Bathrooms

1

Floor

3

Elevator

No

Terrace

No

Parking

No

Pool

No

Air conditioning

No

Heating

No

Storage room

No

Garden

No

Energy rating

En tr

How to buy this asset from the bank

expand_more
  1. 1Contact the servicer from the official listing (or from Atalaya) and ask for availability and a viewing.
  2. 2Visit the property and verify real condition, possession and access. Ask for the habitability certificate and the energy certificate.
  3. 3Request a nota simple from the Land Registry (~€10) and the community-debt certificate.
  4. 4Submit your offer in writing. Servicers take it to committee: expect days to weeks. Offering below asking is standard practice.
  5. 5Once accepted: deposit contract (require 'free of occupants and belongings'), financing and deed before a notary.

handshakeThis asset has been listed for 526 days. In bank stock, high age usually means real negotiation margin: offers 10-20% below asking get considered.

Minimum due diligence before offering

  • check_box_outline_blankRegistry nota simple: ownership, charges, liens (registradores.org, ~€10).
  • check_box_outline_blankCommunity-debt certificate and approved special levies.
  • check_box_outline_blankIBI and waste tax: outstanding bills at the town hall.
  • check_box_outline_blankOn-site possession check: is it really vacant? Are water/power supplies active?
  • check_box_outline_blankHabitability certificate and licences (essential for mortgage and utilities).

Debts that transfer with the property

Community debt for the current year plus the previous 3 follows the property (art. 9.1.e LPH), as do unexpired IBI and approved levies. Always request the certificates before signing: it's the classic €3,000-10,000 surprise in bank purchases.

Financing

Many servicers finance their own stock at aggressive terms (high LTV) through the parent bank — ask on first contact. Note: a property without a functional kitchen or bathroom may not be mortgageable as-is, and the appraisal can come in below price on heavily distressed assets.

General informative content, not legal or investment advice. Verify every point with your advisor before committing.

Alpha Rating

BUY

70/100

Confidence: High

Score breakdown

Zone delta
30/30
Possession
12/20
Physical state
14/25
Legal liens
10/15
Zone liquidity
8/15

Vivienda de 64.00m² en Las Palmas de Gran Canaria a 1373€/m² (mediana zona 3065€/m², delta -55.2%). Estado Mejorable. Posesión con inquilino legal. Zona baja, stock estancado (516 días).

Strengths

  • +Descuento del -55.2% frente a la mediana zonal (3065€/m²)

Risks

  • −516 días en mercado sin venderse

Case file

Operation pipeline

You are not pursuing this asset yet

Start a case when you want to turn an opportunity into a real operation: contact, visit, documents, due diligence and offer.

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Location

Centro, Las Palmas de Gran Canaria, Las Palmas

Price analysis

Two anchors: real free-market (Idealista / MITMA) and the median of other bank-owned assets in the same area. The first tells you whether REO is worth entering at all; the second, which REO listing is the best deal.

vs free market

-55.2%Strong opportunity
Scope
Neighbourhood
Zone median
€3,065 /m²
This asset
€1,373 /m²
Period
junio 2026
Source
Idealista

vs other bank assets

-7.0%In line
Scope
Postal code
Zone median
€1,476 /m²
This asset
€1,373 /m²
Samples
34
Source
Atalaya (bank inventory)

Estimated acquisition costs

Asset price€87,910
Transfer tax (ITP) 6.5% — Canarias€5,714
Notary (est.)€600
Land Registry (est.)€400
Admin agency (est.)€308
Estimated total investment€94,932
Estimated refurbishment (state: mejorable)€25,500 – €45,000

Indicative estimate for a resale purchase at the general ITP rate. Auctions, new builds or reduced rates are taxed differently. The refurbishment figure is an indicative band based on the AI-detected condition. Verify with your advisor.

Price history

The price has dropped 1 time(s). This suggests a motivated seller profile with strong negotiation potential below the list price.
24 Aug 2026
€98,500arrow_forward€87,910-10.75%

Listing intel

SourceAliseda
On the market sinceMay 2025 (526 days)
On Atalaya since7 May 2026
Last updated9 Oct 2026

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Aggregated data from public sources and servicer holapisos. Atalaya is an informational analytics platform; we are not a real estate agent and do not intermediate in transactions. To act on an offer, contact the original source directly. View original listing