canary islands holiday rental prices 2026

Holiday rental prices in the Canary Islands rise by up to £80 a week

Summer price surge for beachfront holiday lets

Renting a holiday home near the beaches of the Canary Islands this summer now costs up to 80 euros more per week than last year. The figures paint a clear picture: apartment rental prices in the main tourist areas of Gran Canaria and Tenerife range from 775 to 1,100 euros per week, although there are signs of a slowdown in the growth of holiday rentals across the Spanish coastline as a whole.

These findings come from a report on weekly rental prices in Spain’s main coastal areas produced by the Grupo Tecnitasa. The situation in the Canary Islands has its own dynamic, heavily influenced by the weight of tourism in the local economy and its direct impact on the holiday rental sector. After several years of continuous growth, the sector has begun to show signs of a slowdown, with an 8.3% drop in tourist arrivals in April compared to the same month last year and a 6.8% decline in tourist spending. This marks the most significant slump since 2019, excluding the Covid-19 years, and contrasts with stability or growth recorded in other autonomous communities across Spain.

Gran Canaria: from 800 to 1,100 euros a week

A detailed breakdown of apartment prices by island reveals small differences depending on both location and the island in question. The report focuses on Gran Canaria and Tenerife. In Gran Canaria, prices range from 800 euros per week for a 35-square-metre apartment in Playa del Inglés to 1,100 euros for both a 70-square-metre flat in Mogán and a 40-square-metre one in San Agustín.

In Las Canteras, one of the most sought-after urban areas in the Gran Canaria capital and subject to high residential and tourist pressure, the weekly rental of a 40-square-metre apartment stands at around 850 euros. These prices represent an increase of between 40 and 85 euros per week compared to last summer. In percentage terms, the rise ranges from 5% to 8%.

In the south of the island, Playa del Inglés remains one of the relatively more affordable options within the sample analysed, while Mogán and San Agustín have become established among the most expensive areas in the island market, in line with their high demand and positioning as key sun-and-sand tourist destinations in the Canary Islands.

Tenerife: Costa Adeje reaches 1,000 euros, Puerto de la Cruz the cheapest

In Tenerife, the price range is slightly tighter, though it remains at elevated levels in the island’s main tourist enclaves, where holiday demand continues to be notable. A 50-square-metre apartment in Costa Adeje costs 1,000 euros per week, while in Playa de Los Cristianos the price is around 950 euros. In the north of the island, in Puerto de la Cruz, the price drops to 775 euros per week, the lowest value across the entire sample analysed, reflecting the differences in tourism positioning between different areas of the island.

In these cases, the increase is below 5%, standing at between 30 and 55 euros per week compared to summer 2025.

How the Canary Islands compare to the rest of Spain

Looking at the Spanish coastline as a whole, the biggest rises this summer are concentrated in Granada, Castellón, Cádiz, Alicante, Valencia, Murcia and Tarragona, with increases of over 8% in weekly coastal rentals. A second group includes Barcelona, Almería, Las Palmas, Vizcaya, Girona, the Balearic Islands and Gipuzkoa, where rises are in the region of 5% to 8%.

In this bracket sits the Canary Islands as a whole, alongside other territories with moderate increases in holiday rental prices. Below this, in A Coruña and Santa Cruz de Tenerife, as well as other provinces such as Lugo, Pontevedra and Huelva, the increases are less than 5%. Meanwhile, in Asturias, Cantabria and Málaga, there are barely any variations compared to last year.

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