canary islands house sales april 2026

Canary Islands house sales rise 2.9% despite national slump

Canary Islands buck national trend

House sales in Spain fell for the fourth consecutive month in April, dropping 1.8% year-on-year to 53,241 transactions – the lowest figure since December 2024, according to data published this Friday by the National Statistics Institute (INE). However, the Canary Islands bucked the trend with a 2.9% increase.

With this latest decline, property transactions have fallen 2.4% so far this year, in a market characterised by a shortage of available stock to meet growing demand, which is pushing prices upwards. Nevertheless, it is worth noting that in the Canary Islands, according to figures released this Thursday by the Ministry of Housing, more than 30,000 newly built homes remain unsold, the majority in the province of Santa Cruz de Tenerife, which ranks seventh in Spain for the highest number of recently built properties without an owner. Furthermore, it is estimated that there are around 200,000 vacant homes in the Canary Islands.

New builds buck the trend

By property type, new-build homes were the only category to show an increase in sales nationwide in April, albeit a modest 0.6%, according to the INE, which derives its data from information held in the Property Registries across the country under a collaboration agreement between the two bodies. In contrast, sales of existing homes fell 2.4% in April to 41,783 transactions – the lowest figure for any April since 2023. Second-hand properties remain the most dominant type, accounting for more than 78% of all transactions.

Sharp decline in social housing sales

By tenure type, the vast majority of transactions – nearly 94% – were for free-market homes, totalling 49,946 units, down 1% on April 2025. The sharpest decline was seen in social housing sales, which fell by double digits – down 12.3% to 3,295 transactions, representing just 6.2% of the total.

Compared with the previous month, March, property transactions saw a double-digit decline of 13.1% month-on-month. All categories of housing experienced falls of more than 12%. Free-market homes saw a 13.1% drop, while social housing fell 13.3%. By age of property, existing home sales saw the biggest month-on-month decline at 13.4%, while new builds fell 12.2%.

Mixed fortunes across the regions

In the first four months of the year, the overall balance of house sales was negative, at -2.4%. This follows growth of 11.5% in 2025, when 714,237 transactions were recorded – the highest figure since the 2007 peak. The year started with a 5% drop in January, followed by a 0.5% fall in February, a 2.2% decline in March and a 1.8% drop in April.

By tenure, declines were seen across the board: free-market homes fell 2% and social housing dropped 8.2%. Between January and April, the biggest fall in sales was for new builds, with a cumulative decline of 4%, while second-hand homes saw a 1.9% drop.

In April, house sales fell in seven autonomous communities compared with the same month in 2025. The steepest declines were in Navarre (29%) and Madrid (11%). Below 10% were Castile and León (9.4%), Galicia (7.2%), the Valencian Community (7%), the Balearic Islands (3.7%) and Andalusia (3%).

At the other end of the spectrum, transactions rose in ten regions. Cantabria was the only one to record double-digit growth at 22.5%. House purchases also increased by 8.8% in the Basque Country, 7.8% in Catalonia, 6% in Castile-La Mancha, 5.6% in Asturias, 5.4% in Aragon, 2.9% in the Canary Islands, 2.8% in La Rioja, 2.3% in Extremadura and 0.2% in Murcia.

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