El residential real estate market in the areas of mid-range and peak areas of the tourist municipality of San Bartolomé This consolidates a cycle of adjustment in its business valuations, offering a respite to local demand after years of escalating inflation. According to the consolidated historical series of the main platforms in the sector by May 2026, the average price per square meter in the district San Bartolomé Interior has been located in the 3.776 EurosThis record confirms a decline in valuations that breaks with the upward trend seen in the southern coastal areas and gradually distances prices from the historical peaks reached during the post-pandemic period.
The statistical trend reveals a persistent contraction over the past year, reflecting a waning appetite for investment in areas away from the beachfront. The indicator for residential land in the interior of the municipality has experienced a monthly decrease of 1,3% compared to April, a drop that deepens to 7,0% when analyzing the quarterly variation compared to FebruaryIn year-on-year terms, the contraction is consolidating at a 7,2% compared to May of the previous yearThis shows that the increase in interest rates and the tightening of bank mortgage conditions have slowed speculation in the traditional housing stock of the southern midlands.
The current market value places the price of the properties at a 22,7% below its all-time high, set in November 2024, when pressure from foreign demand and high-net-worth residential buyers catapulted the area’s average price to a ceiling of 4.884 euros per square meterAfter that peak, the historical data shows a downward trend with only isolated spikes, such as the technical increase of 8,5% documented in October 2025 or the slight rise of 1,1% of April of this year. The succession of negative rates in key months such as March (-6,8%) or September of the past year (-2,5%) confirms a downward stabilization that balances the local real estate market.
This price correction in the inner district opens a window of opportunity for local residents and service sector workers. Maspalomas, who were being expelled from coastal areas—like Playa del Inglés or Meloneras— due to the prohibitive prices imposed by the holiday market. Real estate agencies in the region interpret the moderation of expectations among residential sellers in the interior as helping to ease the housing problem in southern Gran Canaria. The challenge for the coming months will be to observe whether this adjustment in valuations in the mid-altitude areas has a ripple effect on the coastal districts or whether, on the contrary, a definitive structural gap is consolidated between prices in the tourist zone and the residential areas of the municipality.