canary islands property prices july

Canary Islands property prices up 18.8% as sales fall

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

Canary Islands property prices surge as sales slump across Spain

Home sales in Spain fell 11.1% in July, chaining together seven consecutive months of decline, while prices rose 7.7%. In the Canary Islands, that increase reached 18.8%, with mortgages down 7.9%, moderating their previous rate of growth, according to data from the General Council of Notaries.

Mortgages retreat amid a shortage of available stock

Nationwide, mortgages taken out to purchase a home fell by almost 5% compared with July of the previous year, in a context marked by a lack of available stock to meet demand — a situation that is driving up prices and worsening access difficulties, according to the notaries.

These figures follow June’s data, when home transactions dipped 4%, prices climbed 8.8% and mortgages rose slightly, by 0.2% year-on-year. With this latest adjustment, home sales have now been in negative territory for seven months: January (-11.4%); February (-7.7%); March (-4.7%); April (-10.2%); May (-11.8%); June (-4%) and July (-11.1%).

Flats hit hardest as sales fall in 16 regions

Specifically, 65,395 home sales were recorded in July. Sales of flats fell 12.7% to 48,415 units, while sales of detached homes declined 6.2% to 16,980 transactions. Transactions fell in 16 autonomous communities and grew only in Extremadura (0.9%).

The sharpest declines, above 20%, were recorded in the Basque Country (-20.2%) and La Rioja (-20.1%). Also posting drops above the national average were the Valencian Community (-19.1%); Asturias (-16.9%); the Balearic Islands (-14.5%); the Community of Madrid (-14.2%); Galicia (-13.4%) and Castilla-La Mancha (-11.2%).

Prices climb 7.7% to 2,112 euros per square metre

In July, the average home price rose 7.7% year-on-year to 2,112 euros per square metre. Flat prices were up 12.5% on the same month a year earlier, reaching 2,547 euros per square metre, while the price of detached homes averaged 1,495 euros per square metre, an increase of 2.3%.

Prices rose in 16 autonomous communities, while in the Balearic Islands they were unchanged from July 2025. The largest increases, all in double digits, were recorded in Asturias (29.3%); Murcia (22.3%); Galicia (19.8%); the Canary Islands (18.8%); the Basque Country (13.2%); the Valencian Community (12.6%); the Community of Madrid (11.3%); Cantabria (11.2%) and Extremadura (11%). In Catalonia, the rise was 7.7%.

The notaries also highlight in their statistics that the average size of homes in Spain recorded a year-on-year decline of 2% in July.

Mortgage lending falls in 15 of 17 regions

In July, mortgage loans for home purchases fell 4.9% year-on-year to 36,685 transactions. The average loan amount dipped 0.2%, reaching 183,644 euros. The proportion of home purchases financed by a mortgage stood at 56.1%. In addition, among purchases of this kind with financing, the loan amount represented an average of 71.6% of the purchase price.

Territorially, mortgages fell in 15 of Spain’s 17 autonomous communities and grew only in Extremadura (3.1%) and Catalonia (2.9%). The largest falls were registered in La Rioja (-26.9%); Asturias (-19.6%); the Basque Country (-12%); Aragon (-10.8%); Castilla-La Mancha (-10.4%); the Balearic Islands (-9.1%); Castilla y León (-7.9%); the Canary Islands (-7.9%) and the Valencian Community (-7.6%).

🧭 Explore the Canary Islands with us
📰 Read more Canary Islands news ☀️ Check Canary Islands weather 🏖️ Find the best beaches in the Canaries 📲 Join us on WhatsApp

Source

Scroll to Top