Canary Islands Property Prices Rise 11% in 2025
The average price of housing, both new and second-hand, in the Canary Islands saw an annual increase of 11% in 2025. This was the second lowest rise among all of Spain’s autonomous communities and cities, according to statistics published this Friday by the National Statistics Institute (INE). The data corresponds to the Housing Price Index (HPI) for the fourth quarter of 2025, using 2015 as its base year.
Second Lowest Increase in Spain
This places the Canary Islands second from bottom in the national ranking, with an average HPI increase only higher than that of Catalonia, which recorded 10.9%. At the close of 2025, the islands’ annual figure was almost two percentage points below the national average of 12.9%. Castilla y León led the country with the highest increase, reaching 15.3% annually.
Price Evolution Over a Decade
Analysing the evolution of average house prices against the base index of 100 from 2015 reveals that over a decade, housing in the Canaries has become 78.5% more expensive. This is lower than the national average increase of 86.8%. The closer a region gets to a 100% average increase, the closer it is to doubling that indicator—a feat achieved over ten years in the Balearic Islands, the Community of Madrid, and the two autonomous cities of Ceuta and Melilla.
Quarterly and National Trends
In the fourth quarter of 2025, the increase in property value in the islands reached 0.6% quarter-on-quarter, contributing to the annual average rise of 11%. Nationally, the annual variation of the HPI in the fourth quarter was 0.1 percentage points, setting the national indicator at 12.9%.
Across Spain and by property type, the annual rate for new housing grew by 1.5 points to 11.2%. The variation in the average price for second-hand homes stood at 13.1% annually, marking a decrease of 0.3 percentage points compared to the previous quarter. Comparing the fourth quarter of 2025 to the third, prices for new homes increased by 2.2%, while second-hand property prices rose by 1.8%.
Regional Comparisons Across Spain
House prices showed positive annual rates in all autonomous communities and cities in the fourth quarter of 2025. The largest increases occurred in Castilla y León (15.3%), followed by Aragón, the Region of Murcia, and La Rioja (all three at 14.4%). As noted, the Canary Islands (11%) and Catalonia (10.9%) were the autonomous communities with the least dramatic average price hikes, placing them at the bottom of the national annual increase ranking.
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