canary islands property sales rise july 2026

Canary Islands defy national slump as property sales rise 2.1%

Compiled with the help of artificial intelligence, based on Spanish-language information. Source below the article.

Canary Islands buck the national trend

Property sales resumed their decline in July, falling 5.1% year-on-year, although the Canary Islands recorded a rise of 2.1%, according to data published this Friday by the National Statistics Institute (INE). A total of 61,417 transactions were registered, marking the sixth fall so far this year.

New builds and second-hand homes both down

By type of property, sales of both new and second-hand homes fell in July. Second-hand properties, which make up the bulk of the market at 78% of the total, dropped 6.1% to 48,128 units. New-build sales fell by a smaller margin of 1.4%, to 13,289 transactions.

With this latest adjustment, property transactions have accumulated a decline of 3% so far this year, in a context marked by a shortage of homes available to meet growing demand, which is pushing prices upwards. The figures also come at a time when the eviction of Maricarmen, aged 87, has once again placed the housing crisis at the centre of political and social debate.

Free-market homes dominate transactions

By type of ownership, the vast majority of transactions involved free-market housing, almost 94%, totalling 57,607 units, down 4.4% on July 2025. The INE compiles these figures from information contained in Land Registry records across the whole of Spain, under a collaboration agreement signed between the two bodies.

Sales of protected housing, meanwhile, fell by double digits, down 14.4% to 3,810 units, accounting for 6.2% of the total.

Monthly comparison shows a modest rebound

Compared with the previous month, June, property transactions rose 3.6% month-on-month. All categories of housing posted increases on the previous month, with both free-market and protected housing up 3.6% respectively. By age of property, new-build sales saw the biggest rise compared with June, up 4.1%, while second-hand sales rose 3.5%.

A year of falling sales

Across the first seven months of the year, the balance of property sales was negative, at -3%. After growing 11.5% in 2025 to reach 714,237 units, the highest figure since the peak of 2007, property sales began the year with a 5% fall, followed by -0.5% in February, an adjustment of -2.2% in March, -1.8% in April and a sharper decline of -7.3% in May. In June, however, transactions recovered by 1.6% after five consecutive months of decline, before falling again in July, down 5.1%.

By type of ownership, the year-to-date declines extended to both free-market housing, down 2.5%, and protected housing, down 9.7%. Between January and July, the steepest fall in sales was recorded in second-hand homes, with an accumulated adjustment of 3.1%, while new-build sales fell 2.6%.

Regional picture: falls in most regions

In July, property sales fell in 11 autonomous communities, with six of them recording declines of more than 10%. The sharpest adjustments were seen in Asturias (-15.2%), the Balearic Islands (-14.3%), the Basque Country (-12.4%), Aragon (-11.4%), the Community of Madrid (-11.3%) and Cantabria (-10.2%).

By contrast, increases were recorded in Navarre (26.4%), Galicia (10.8%), Castilla y León (9.7%), Castilla-La Mancha (7.3%), Murcia (2.6%) and the Canary Islands (2.1%).

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