Compiled with the help of artificial intelligence, based on Spanish-language information. Source below the article.
Canary Islands among Spain’s most expensive regions for urban land
The Canary Islands is the fourth autonomous community in Spain with the most expensive urban land, with a price that rose to 327.7 euros per square metre in the second quarter of the year, compared with the national average of 207.8 euros per square metre. The increase comes against a backdrop in which the islands continue to record the lowest wages in the country along with high rates of poverty and social exclusion.
Prices rise across almost every region
By autonomous community, land prices rose in every region in the second quarter except Castilla y León (-2.9%). The sharpest increases were recorded in Navarra (133.5%), the Basque Country (59.7%) and Galicia (51.9%). The highest prices were registered in the Balearic Islands (567.6 euros/m²), Madrid (420.6 euros/m²), the Basque Country (397.3 euros/m²) and the Canary Islands (327.7 euros/m²).
Nationwide, the rise in prices was 15.3%, taking them to their highest level since 2011, according to figures from the Ministry of Housing and Urban Agenda. What is more, compared with the previous quarter, the first of 2026, the price of urban land has risen by 10.6% quarter on quarter. With this latest increase, the price of urban land has become 12% more expensive on average over the half-year.
Approaching the heights of the property bubble
Since 2004, when the historical series for this statistic begins, the highest average price was recorded in the third quarter of 2007, in the midst of the property bubble, at 285 euros/m². That figure leaves a difference of just 77 euros per m² compared with current values. In a single quarter, the lowest value came in the first three months of 2021, when Covid-19 was still prevalent, at 136.4 euros/m².
More sales, but a shortage of available land
Between April and June, 7,879 purchases and sales of urban land were completed, 6% more than a year earlier. According to the latest available data, 10,222,000 m² were transferred, 15.2% more than in the previous year.
The lack of available land is one of the difficulties facing the property sector when it comes to developing new housing, and many voices in the industry are calling for some tertiary land to be reclassified for residential use. In addition, reform of the Land Law, intended to give greater legal certainty to urban planning schemes, remains blocked in the Congress of Deputies.
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