The price of second-hand housing in the Canary Islands rises by 7.1% in its monthly variation and 17.9% in its year-on-year variation, with the average price of homes offered in May at 3,108 euros per square meter, according to data from the Fotocasa Real Estate Index.
If we calculate this latest year-on-year increase (17.9%) in euros (471 euros) and multiply it by the 80 meters of a standard home, we see that apartments are being offered 37,688 euros more expensive than a year ago.
“Housing is facing a historic moment. The increase in housing prices is the highest recorded since we have data, which reveals a pressure of unprecedented demand, fueled by more favorable mortgage conditions and a very significant increase in migration flows. For its part, the lack of structural supply, hampered by the industry's difficulties in building housing, raises prices upwards,” comments María Matos, Director of Studies and spokesperson for Fotocasa.
Thus, Canary Islands has gone from a year-on-year variation of 24.2% in May 2024 to 17.9% detected in the same period of 2025. In the last 12 months analyzed, the price of housing has increased by 471 euros per square meter, that is, it has gone from 2,637 euros in May 2024 to 3,108 euros in May 2025.
By communities, if we analyze the prices of housing for sale compared to those of a year ago, we see that 16 communities increase the year-on-year price in May. Increases greater than 10% affect eight communities and are: Comunitat Valenciana (28.3%), Región de Murcia (24.1%), Balearic Islands (20.9%), Andalusia (18.5%), Madrid (17.9%), Canary Islands (17.9%), Asturias (16.6%) and Cantabria (15.5%). On the other hand, the only region that experiences a year-on-year decrease is Navarra (-1.4%).
Regarding the ranking of Autonomous Communities with the most expensive price per square meter in Spain, it is found in the Balearic Islands, which for the first time exceeds 5,000 euros, specifically it is located at 5,028 euros. They are followed by Madrid with 4,817 euros, Basque Country with 3,476 euros, Canary Islands with 3,108 euros, Catalonia with 3,035 euros, Andalusia with 2,509 euros, Comunitat Valenciana with 2,407 euros, Cantabria with 2,286 euros, Navarra with 2,064 euros, Asturias with 1,976 euros, Galicia with 1,958 euros, Aragon with 1,803 euros, La Rioja with 1,720 euros, Región de Murcia with 1,695 euros, Castilla y León with 1,600 euros, Extremadura with 1,258 euros and Castilla-La Mancha with 1,228 euros.
Thus, Canary Islands has gone from a year-on-year variation of 24.2% in May 2024 to 17.9% detected in the same period of 2025. In the last 12 months analyzed, the price of housing has increased by 471 euros per square meter, that is, it has gone from 2,637 euros/m2 in May 2024 to 3,108 euros/m2 in May 2025.
By communities, if we analyze the prices of housing for sale compared to those of a year ago, we see that 16 communities increase the year-on-year price in May. Increases greater than 10% affect eight communities and are: Comunitat Valenciana (28.3%), Región de Murcia (24.1%), Balearic Islands (20.9%), Andalusia (18.5%), Madrid (17.9%), Canary Islands (17.9%), Asturias (16.6%) and Cantabria (15.5%). On the other hand, the only region that experiences a year-on-year decrease is Navarra (-1.4%).
Regarding the ranking of Autonomous Communities with the most expensive price per square meter in Spain, it is found in the Balearic Islands, which for the first time exceeds 5,000 euros, specifically it is located at 5,028 euros. They are followed by Madrid with 4,817 euros, Basque Country with 3,476, Canary Islands with 3,108, Catalonia with 3,035, Andalusia with 2,509, Comunitat Valenciana with 2,407, Cantabria with 2,286, Navarra with 2,064, Asturias with 1,976, Galicia with 1,958, Aragon with 1,803, La Rioja with 1,720, Región de Murcia with 1,695, Castilla y León with 1,600, Extremadura with 1,258 and Castilla-La Mancha with 1,228.
