In Las Palmas, real estate prices near the beach are generally higher than those further inland. For instance, properties in Playa de Las Canteras often range from €3,000 to €5,000 per square meter, depending on the proximity to the beachfront and the view. In contrast, areas like Schamann or Ciudad Alta typically see prices around €1,200 to €2,000 per square meter, reflecting the distance from the coastline. New developments close to the beach can command even higher prices, with luxury apartments featuring ocean views listed upwards of €6,000 per square meter. As of late 2023, the demand for beachfront properties remains strong, driven by both local buyers and international investors looking to capitalize on the area's appeal.