Housing prices have increased by 12.2% in the Canary Islands in the third quarter compared to the same period in 2024, a rise that for the country as a whole has been 12.8%, following the 12.7% increase recorded in the previous quarter, according to data published this Friday by the INE.
With data from idealista.com, a medium-sized apartment of 80 square meters in the Canary Islands cost €217,520 last September, while in the same month this year the price rose to €246,720, meaning €29,200 more.
In this way, the price increase recorded between July and September represents the biggest rise in more than 18 years – since the first quarter of 2007 – after the previous quarter's 12.7% surge already represented the biggest increase in that period
This way, housing prices have registered 42 consecutive quarters of increases
By type of housing, **second-hand** homes became 13.4% more expensive between July and September, representing their largest increase since the start of the INE's historical series.
For its part, the price of **new** housing rose by 9.7%, which means it slowed down by 2.4 points compared to the previous quarter, its lowest rate since the fourth quarter of 2023
Compared to the previous quarter, the second quarter of 2025, housing prices increased by 2.9%, taking into account both new and second-hand properties.
If broken down by housing type, second-hand prices grew 3.3% compared to the previous quarter.For their part, new housing prices increased by 0.6% compared to the previous three months
Housing prices by region
Housing prices rose in all autonomous communities and cities in the third quarter
The largest increases were recorded in Murcia, with a rise of 15%; and in Aragon, of 14.6%.
Above the average were also Ceuta (14.5%), Melilla (14.5%), Castilla y León (14.4%), Madrid (14.2%), La Rioja (14.1%), Asturias (13.5%), Galicia (13.4%), and the Valencian Community (13.2%).
The smallest increases were in Navarre, where prices grew by 10.9%; and in Catalonia, with 11.3%.
Meanwhile, in the Balearic Islands, the revaluation was 12.8%, in Cantabria 12.6%, in Extremadura 12.5%, in Andalusia 12.4%, in the Canary Islands 12.2%, in Castilla-La Mancha 11.6%, and in the Basque Country 11.6%.
This data comes to light after it was published this Thursday that in October, home sales fell by 3.6% year-on-year, with 67,600 transactions, thus resuming the contraction that began in August, when sales were reduced for the first time since June 2024, a trend that was broken in September with a 2.7% increase.
These figures corresponding to the progress of the provisional data for October published by the Property Registrars confirm the contraction that began in August, after the solid upward trend recorded in the first months of the year, despite the fact that the monthly number of transactions remains at "historically high" levels, the Registrars explained in a statement.