canary islands housing prices 2026

Canary Islands housing prices surge 12% in first quarter of 2026

Housing costs on the rise across the archipelago

The price of housing in the Canary Islands continues to rise, with new-build properties becoming 12% more expensive and second-hand homes increasing by up to 10.6% during the first quarter of this year. The figures were published on Wednesday by the Canary Islands Institute of Statistics (Istac).

According to the Housing Price Index (HPI), the annual rate of change for new-build homes in the archipelago is nearly three percentage points higher than the national average of 9.1%, compared to 12% in the Canary Islands. Meanwhile, the annual rate of change for the second-hand housing price index increased by 0.5 percentage points compared to the fourth quarter of 2025, remaining almost three points below the national average of 13.5%, against 10.6% in the Canary Islands.

National comparisons and regional variations

Across all housing types, every autonomous community recorded positive annual rates. The Canary Islands (with a 10.7% increase across all housing) registered the fourth smallest price rise, behind Catalonia, Navarre, and the Basque Country. In contrast, the largest increases over the past year were seen in Aragon and the Region of Murcia, each with a rise of 15.6%. The average annual rate of change across Spain as a whole stood at 12.9%.

Istac noted that the main objective of the Housing Price Index is to measure changes in the sale prices of free-market homes, both new and second-hand. It also allows for comparisons with national data and figures from other autonomous communities.

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