Sorello Guides

The cost of buying a home in Ingenio

At 1.431,8 €/m² the appraised average sits below the national middle. Second homes are a minority presence, at 18,2 % of the dwelling stock. Ingenio is a town rather than a city, which in Las Palmas usually means one estate agency network knows most of the stock.

The one-off cost at signing

The Canary Islands rate is 6,5 %, around the middle of the Spanish range. Buying an existing home in Ingenio means paying the Canary Islands transfer tax on top of the price, not out of it.

Transfer tax on a resale purchase, at three illustrative prices
Purchase priceTransfer tax
200.000 €13.000 €
350.000 €22.750 €
600.000 €39.000 €

The three prices are round illustrative figures chosen to bracket the ordinary range, not measurements of this market.

The reduced rates, stamp duty and the deed checklist for Canary Islands

How it compares

On tax rate on construction work it is the second lowest of the Las Palmas municipalities this guide covers.

On a national view, its urban property-tax rate falls into the second-cheapest twentieth.

Judged only against Las Palmas, the appraised value per square metre here is the lowest in the guide.

On a national view, its number of appraisals behind the average falls into the second-cheapest twentieth.

Within Las Palmas, that is the third highest share of the urban register that is housing among the municipalities this guide covers.

Against the rest of the province

Nationally, that rural property-tax rate falls in the lower middle of the range.

Compared with the rest of Las Palmas in this guide, it sits fourth lowest on share of dwellings that are not a main residence.

Put beside the rest of the country, its number of urban cadastral units belongs to the second-cheapest twentieth.

Among the Las Palmas towns and cities covered here, it records the second lowest count of registered residential units.

Nationally, that total dwelling stock falls in the third-cheapest twentieth.

How it compares

Within Las Palmas, that is the fourth lowest number of notarised home sales among the municipalities this guide covers.

Across the country, the average cadastral value per home here belongs to the upper middle of the range.

Compared with the rest of Las Palmas in this guide, it sits fourth highest on average cadastral value per home.

Measured against the whole batch, that year of the last cadastral revision sits in the thirteenth twentieth from the bottom.

An ageing cadastral register

Ingenio has not revalued since 2008, which is long enough for the gap to market values to be substantial.

Renovation work carries a construction tax of 2,2 %, at the light end.

The market in appraisal terms

It rests on 86 appraisals, a thin base that a few unusual properties can move.

Ingenio housing is appraised at 1.431,8 €/m² on average.

How many homes change hands

Against 12.497 registered residential units, a healthy share of the stock changes hands each year.

First quarter carried far more deeds than Second quarter, so timing an offer against the calendar is worth something here.

408 home sales went through the notaries in Ingenio in the year — a quiet market.

Notarised home sales by quarter, 2025
QuarterSales
First quarter143
Second quarter85
Third quarter87
Fourth quarter93

What the housing stock is like

13.881 dwellings were counted at the census.

Almost the whole register is housing: 12.497 residential units out of 19.286 urban ones.

18,2 % of dwellings in Ingenio are not a main residence — a normal proportion for an inland town.

The yearly bill, and why it is small here

Land classed as rural is taxed at 0,6 %.

Cadastral values in Ingenio average 65.222 € per dwelling, an ordinary base.

Ingenio levies 0,4 % on urban property, one of the lowest IBI rates you will meet.

On 180.000 € of cadastral value the 0,4 % rate yields 720 €, on a register that has not been refreshed in a long time.

The cadastral value in this example is a round illustrative figure, not the cadastral value of any particular property here. Ask for the last IBI receipt: it states the real one.

Related guides

Sources and licences