Property prices surge in two Canary Islands municipalities
San Cristóbal de La Laguna in Tenerife and Telde in Gran Canaria have recorded the highest annual property price increases in the Canary Islands, according to the latest Tinsa valuation report on major municipalities for March 2026. La Laguna saw the steepest rise, with prices climbing 15.6% year-on-year to reach €1,781 per square metre. In Las Palmas province, Telde was the municipality where property became most expensive, with an 11.3% increase compared to March 2025, bringing the average price to €1,534 per square metre.
Despite these significant rises, prices in La Laguna remain 8% below those in Santa Cruz de Tenerife, while Telde’s property values are still 20% cheaper than those in Las Palmas de Gran Canaria.
National picture: widespread rises above 10%
Across Spain as a whole, 52% of the municipalities analysed recorded year-on-year nominal increases of more than 10% in property prices. The rises were particularly marked in the provinces of Madrid, Málaga, Valencia, A Coruña, Alicante, Toledo, Cádiz and Santa Cruz de Tenerife. The data indicates that increases are widespread, with 45 of the 84 municipalities studied rising by more than 10% in nominal terms. Year-on-year variations ranged from a +37.8% increase to a 0.3% decline in nominal terms.
The municipalities that recorded the largest price increases, above 20% in nominal terms, were Torrejón de Ardoz, Parla, Coslada and Fuenlabrada (all in the Community of Madrid), Marbella (Málaga), Sagunto (Valencia), Santiago de Compostela (A Coruña), Benidorm (Alicante) and Talavera de la Reina (Toledo).
How the Canary Islands compare to national averages
Some 63% of the municipalities studied recorded average prices above the national average of €1,987 per square metre. The range of prices across the analysed locations was broad, from the €4,705 per square metre in Sant Cugat del Vallès (Barcelona) to just €802 per square metre in Alcoy (Alicante). The highest prices, above €3,000 per square metre, were found in municipalities within the metropolitan areas of Barcelona and Madrid, as well as in Marbella (Málaga) and Getxo (Biscay).
A total of eight coastal municipalities recorded prices higher than those of the provincial capital to which they belong, with values between 0.3% and 41% higher. These are Benidorm, Marbella, Getxo, Gijón, Sant Cugat del Vallès, Vigo, Pozuelo de Alarcón and Orihuela. The remaining 90% of municipalities studied had average prices below the levels of their respective provincial capitals, in some cases by as much as 68%.
Still below but closing the gap on their capital city prices are Majadahonda (Madrid), Alcobendas (Madrid), Torrevieja (Alicante), Roquetas de Mar (Almería), Santiago de Compostela and San Cristóbal de La Laguna (Santa Cruz de Tenerife), where the difference to the capital is between 4.5% and 10%.
Affordability stretched across coastal and metropolitan areas
Looking at provincial averages, 37% of municipalities had prices above the average for their respective provinces, with differences of up to 70%. The municipality showing the largest gap compared to its provincial average was Sant Cugat del Vallès, where prices are 70% above the provincial average, followed by Benidorm (48% above Alicante province) and Santiago de Compostela (44% above A Coruña province).
In 56 of the municipalities studied (67%), the purchasing effort exceeds the 35% threshold considered reasonable, while in 25 of them (30%) it exceeds 45%, a level considered critical. Coastal municipalities in Málaga, Alicante and Cádiz show the most unaffordable purchase-effort rates, along with the metropolitan areas of Madrid and Barcelona. At the top of the list are Marbella (63%), Benidorm (59%), L’Hospitalet de Llobregat (56%), Castelldefels (55%), Sant Adrià de Besòs (53%), Torrevieja (50%), Cornellà de Llobregat (50%) and Vélez-Málaga (50%).
In the purchase-effort range between 35% and 45% — above what is considered reasonable but below critical levels — there are 31 municipalities, mainly located in the metropolitan areas of Madrid and Barcelona, coastal towns in Cádiz, Biscay and Gipuzkoa, and Dos Hermanas in Seville.
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