Canary Islands is the fourth autonomous community with the most expensive urban land in all of Spain, with a price that in the second quarter of the year rose to 327.7 euros/square meter, compared to the 207.8 euros/square meter national average.
By autonomous communities, in the second quarter of the year, the price of land rose in all except in Castilla y León (-2.9%).
The most significant increases occurred in Navarra (133.5%); Basque Country (59.7%) and Galicia (51.9%).
The highest prices were recorded in Balearic Islands (567.6 euros/m2), in Madrid (420.6 euros/m2), in Basque Country (397.3 euros/m2) and in the Canary Islands (327.7 euros/m2).
In the country as a whole, the price increase was 15.3% to reach the highest amount since 2011, according to data from the Ministry of Housing and Urban Agenda.
Furthermore, when compared to the previous quarter, the first of 2026, the price of urban land has risen by 10.6% quarter-on-quarter.
With this new increase, the price of urban land has increased by an average of 12% in the first half of the year.
Very close to the historical maximum price
Since 2004, when the historical series of this statistic began, the highest average price was recorded in the third quarter of 2007, driven by the real estate bubble, at 285 euros/m2. This figure shows a difference of only 77 euros per m2 compared to current values.
In one quarter, the lowest value occurred in the first three months of 2021, when covid 19 still persisted, at 136.4 euros/m2.
Between April and June, 7,879 urban land sales and purchases were also formalized, 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 real estate sector in developing new housing, and many voices in the sector are calling for the change of use of some tertiary land to residential.
Furthermore, the reform of the Land Law to provide greater legal certainty to urban planning remains blocked in the Congress of Deputies.
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