The price of garages for sale in the Canary Islands has increased by 11.6% in one year (compared to 2022), and 23.8% compared to 5 years ago (2018), according to the study "Cumulative variation of garages in Spain in 2023", based on the prices of garages for sale in the month of December of the last 8 years of the Fotocasa Real Estate Index Fotocasa.
Comparing the prices that were paid for a garage for sale in 2022 (one year ago), the average price of the garage has increased by 11.6% in the Canary Islands. Thus, the people from the Canary Islands a year ago (2022) had to pay an average of 11,753 euros for a garage, compared to the 13,111 euros that is paid on average in the Canary Islands in 2023.
Regarding the autonomous communities that have seen the cumulative price of garages for sale increase in the last year (compared to 2022), in 13 of them the average price increases and in four the price decreases compared to the previous year, according to the study by Fotocasa.
The 15 communities in which the price of garages has increased are: Navarra (44.1%), Balearic Islands (31.1%), Castilla y León (21.3%), Extremadura (16.3%), Andalusia (14.7%), Canary Islands (11.6%), La Rioja (10.1%), Catalonia (7.6%), Comunitat Valenciana (6.9%), Region of Murcia (6.4%), Galicia (5.7%), Basque Country (3.9%) and Aragon (3.6%).
On the other hand, four communities have annual decreases in the price of garages and they are Asturias (-3.4%), Madrid (-5.9%), Castilla-La Mancha (-9.3%) and Cantabria (-11.3%).
Regarding prices in 2023, the CCAA with the average price of garages above 10,000 euros are: Basque Country (21,320 euros), Balearic Islands (16,817 euros), Cantabria (14,410 euros), Galicia (14,016 euros), Castilla y León (13,890 euros), Asturias (13,571 euros), Catalonia (13,523 euros), Extremadura (13,220 euros), Canary Islands (13,111 euros), Andalusia (13,007 euros), Navarra (12,832 euros), Madrid (11,934 euros), La Rioja (11,318 euros) and Aragon (10,994 euros).
On the other hand, the CCAA where the average price of garages are the most economical are Comunitat Valenciana (9,976 euros), Region of Murcia (7,628 euros) and Castilla-La Mancha (7,293 euros).
