The average price of an 80 square meter home in the Canary Islands has risen from 104,021 euros in 2015 to 229,493 euros in 2025. This represents a 121% increase in the value of an average apartment in the Canarian real estate market between 2015 and 2025.
On the other hand, the current boom in housing prices has caused the value of a square meter of real estate for purchase in the Canary Islands to stand at 2,869 euros in February of this year, 60% above what was recorded just 20 years ago, at the beginning of 2005, in the middle of the real estate boom in Spain.
Likewise, current prices in the Canarian market are 58% higher than 15 years ago, when the decline due to the brick crisis had already begun. In a more recent term, current real estate market valuations are 61% higher than in 2020, five years ago, and are 12% more expensive than just a year ago, according to the analysis “Cumulative Variation of Housing in Spain in 2025”, based on the prices of homes for sale in the month of February of the last 20 years of the Fotocasa Real Estate Index.
“The significant increase in housing in recent years can be attributed, to a large extent, to the reduction in the construction of social housing by the public administration since 2013, which has limited supply in a context of economic recovery and increased demand since 2014", explains María Matos, Director of Studies and spokesperson for Fotocasa.
Balearic Islands, Canary Islands and Madrid are the most affected regions
Analyzing the different evolution of the autonomous communities, very significant differences can be observed between them. If the comparison with the period between 2015 and 2025 is maintained, all regions have registered price increases, but with notable differences. The Balearic Islands (+176%), the Canary Islands (+121%) and the Community of Madrid (+106%) have registered price increases above 100% in the last ten years.
Meanwhile, other autonomies have experienced much more moderate increases, as is the case of Castilla-La Mancha (+8.5%), Castilla y León (+8.8%) or Extremadura (+9.0%).
On the other hand, if the comparison is made with the valuations of the real estate market twenty years ago, in 2005 the market was more expensive in the majority of the autonomous communities than at present. Cases such as that of Aragon (where in 2025 prices are 33% lower), Castilla-La Mancha (-31%), or La Rioja (-31%) stand out. On the other hand, seven other communities are already experiencing positive growth at present in relation to 2005, with the increases in the Balearic Islands (139%), the Canary Islands (60%) and Madrid (34%) standing out again.
