Rent price in Tuineje

Las Palmas · Canarias

Estimated rent · IPVA 2023

598per month
+2% year-on-yearCheaper than 52% of Spainvs Spain: -50€ · avg €648

Net income

12.9k€

per capita/yr

Unemployment

8.4%

SEPE

Population

16,834

residents

View methodology →

Rent in Tuineje stands at €598/month in 2023 per the INE IPVA, a +2% year-on-year change. Since 2020 prices have risen 6.4%, placing it €2 above the Las Palmas provincial average (€596/month).

National market context

National rank

#391

out of 753 municipalities

vs Canarias

+9

region avg: €589

Trend vs Spain

-0.3%

avg: 2.3%

Trend vs region

-0.7%

region avg: €2.7

Tuineje ranks 391 out of 753 municipalities in the INE rent price index. It is close to the Canarias average (€589/month).

Rent price evolution

Estimated monthly rent in Tuineje (€/month). Source: INE IPVA.

Income and housing effort

Net income per capita

12.909

per year · INE Atlas

Average household income

38.027

per year

Rent-to-income ratio

55.6%

of per capita income

Average gross salary

25.120

per year · Canarias

Rent-to-salary ratio

28.6%

of annual gross salary

The national average effort is 55.3% of per capita income. Tuineje is 0 points above that average.

Source: INE Atlas of Household Income Distribution · INE Survey of Wage Structure (op.140). Gross salary is the Canarias average.

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Registered unemployment

Estimated unemployment rate

8.4%

of estimated active population

Registered unemployed

749

people

Annual change

-9.5%

vs same month previous year

Source: SEPE (Spanish Public Employment Service)

Climate

Monthly max & min temperature (°C) · 2015–2024 normals

20.4°13.4°Jan21°13.7°Feb22.1°14°Mar23.3°15.1°Apr24.8°16.4°May26.1°18°Jun28.9°19.5°Jul30°20.6°Aug28°19.8°Sep27°18.9°Oct24.1°16.7°Nov21.5°14.6°Dec

Source: Open-Meteo · ERA5 reanalysis (ECMWF)

Rent index evolution

YearINE IPVA IndexEstimated rent
2023119.560598
2022117.166586
2021113.862569
2020112.348562

Idealista

Rental flats in Tuineje

External link to Idealista. UrbanStatsLab may earn a commission.

Frequently asked questions

How much does it cost to rent in Tuineje?

The estimated rent in Tuineje is €598/month in 2023, according to the INE Housing Rental Price Index (IPVA).

Have rents gone up or down in Tuineje?

Rent in Tuineje has risen by 2% compared to the previous year, per the INE IPVA index.

Is Tuineje expensive to rent compared to the national average?

No, rent in Tuineje (€598/month) is 8% below the national average (€648/month).

How much do you need to earn to live in Tuineje?

Applying the 30% rule (rent should not exceed 30% of net income), you need approximately €24000 net per year to live in Tuineje with a rent of €598/month.

What would a mortgage cost in Tuineje?

For an estimated property price of €120,000 in Tuineje (based on current rent of €598/month), the monthly mortgage payment would be €481 over 25 years at 3.5% APR. Down payment and purchase costs amount to approximately €36,000 (20% down + ~10% costs).

Las Palmas province

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INE

Official source

Instituto Nacional de Estadística

Organismo estadístico oficial del Estado español

www.ine.es View source →

Methodology

Data comes from the Housing Rental Price Index (IPVA) published by Spain's National Statistics Institute (INE), with base 100 in 2015. The estimated rent is calculated by applying the index to the median reference price for the province in 2015.

Source: INE IPVA base 2015=100 · INE code: 35030