canary islands property sales april 2026

Canary Islands property sales drop 7.5% in April as prices rise

Property sales slump in the Canary Islands

Property sales in the Canary Islands fell by 7.5% year-on-year in April, with just 2,095 transactions completed, according to data published by the Notaries’ Statistical Information Centre (CIEN). Over the same period, the average price per square metre rose by 9.3% to reach €2,418.

Across Spain as a whole, house sales dropped by 10.2% year-on-year to 57,755 transactions, while the average price per square metre increased by 9.4% to €2,046. Mortgage loans for house purchases also declined by 6.3% year-on-year to 32,084 operations, and the number of new companies formed fell by 4.5% to 10,832.

Flats and houses both see price rises

Breaking the figures down by property type, sales of flats fell by 11.8% compared to April 2025, reaching 43,130 transactions, while transactions of detached and semi-detached houses dropped by 5% to 14,625 units. In parallel, the price of flats rose by 12.2% year-on-year to €2,391 per square metre, and the cost of houses increased by 3.4% to €1,468 per square metre.

Regional variations across Spain

Property sales declined in fifteen of Spain’s autonomous communities and rose in only two: Extremadura (+1.2%) and Castilla-La Mancha (+0.7%). The sharpest drops were recorded in Galicia (-23%), Cantabria (-21.7%) and the Balearic Islands (-17.1%), followed by the Valencian Community (-15.5%), Aragon (-12.9%), La Rioja (-12.4%) and the Community of Madrid (-11.3%). Transactions also fell in Catalonia (-10.2%), the Region of Murcia (-9.2%), Asturias (-8.6%), the Basque Country (-8.6%), Andalusia (-8.5%), the Canary Islands (-7.5%), Navarre (-3.1%) and Castile and León (-1%).

House prices increased in sixteen of the seventeen autonomous communities and fell only in Navarre, where they dropped by 3.9%. The largest price rises per square metre were seen in Asturias (+24.2%), La Rioja (+19.8%), Castilla-La Mancha (+17.6%) and the Valencian Community (+16.2%). Prices also climbed by 12.7% in Extremadura, 12% in Murcia, 11.8% in the Basque Country, 11.4% in Catalonia, 11% in Castile and León and 10.4% in the Community of Madrid. Further increases were recorded in the Canary Islands (+9.3%), Andalusia (+8.6%), Cantabria (+5.3%), Aragon (+4.6%), Galicia (+2.4%) and the Balearic Islands (+1.2%).

Balearic Islands top the price charts

In absolute terms, the Balearic Islands recorded the highest average price in the country at €4,307 per square metre, followed by Madrid (€3,871) and the Basque Country (€3,145). At the other end of the scale, Extremadura had the lowest average price at €763 per square metre, ahead of Castilla-La Mancha (€924) and Castile and León (€1,103).

Average property size declines

The average floor area of homes sold fell by 1% year-on-year across Spain to 111 square metres. However, eight autonomous communities saw increases in average property size, while nine recorded declines. The biggest rises were in Navarre (+10.8%), Galicia (+8%) and Cantabria (+3%), while the largest falls were in Asturias (-7%), Extremadura (-6.2%) and Madrid (-5.2%).

Mortgage lending down but loan values up

Mortgage loans for house purchases decreased by 6.3% year-on-year in April to 32,084 operations. Nevertheless, the average loan amount rose by 5.9% to €181,533. Some 55.6% of all property purchases were financed through a mortgage, and in these transactions the average financing covered 72.4% of the property price.

Mortgage signings for house purchases increased in only two regions—Catalonia (+4.8%) and Castilla-La Mancha (+0.4%)—while falling in the remaining fifteen. The steepest declines were in Cantabria (-27.1%), Navarre (-20.7%), Galicia (-18.8%) and Aragon (-17.5%).

As for the average amount of new mortgage loans for house purchases, it rose in thirteen autonomous communities and fell in the remaining four. The largest increases were in the Balearic Islands (+26%) and the Valencian Community (+18.1%), while the biggest decreases were in Extremadura (-3.8%) and the Canary Islands (-1.6%).

Business creation falls across most of Spain

The number of new companies formed dropped by 4.5% year-on-year in April to 10,832 firms. Of these, 7,886 were established with founding capital of between €3,000 and €4,000, down 3.2% on a year earlier. Within this group, the average founding capital stood at €3,015.

Company creation increased in seven autonomous communities, led by Extremadura (+54.1%), Asturias (+25.3%) and Aragon (+16.8%). Conversely, it fell in the remaining ten, with the sharpest declines in Navarre (-21%), Galicia (-18.6%) and Castile and León (-18.1%).

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