Canary Islands lost 5,049 rental homes in 2024 compared to 2023, going from 38,650 to 33,601, in a year in which it was the autonomous community in the entire State with the highest increase in rental prices, a 17.4% up to an average of 1,051 euros.
These are the main conclusions drawn from the 2024 rental barometer, a study carried out by the Rental Observatory of the Alquiler Seguro Foundation and the Rey Juan Carlos University, in which the Canary Islands saw the average rental price increase by 17.4 percent - from 895 to 1,051 euros - which is more than six points above the state average of 11.3 percent.
The average price increased in both provinces of the archipelago, being higher in Las Palmas where the values increased by 18.4 percent to 1,070 euros, while in Santa Cruz de Tenerife the increase was 16.4 percent to 1,031 euros.
This increase in the average price is added to a decrease in the supply of available housing, according to the barometer, which highlights that the Canary Islands is one of the autonomous communities where more people live in rented accommodation.
Thus, in 2024, 5,049 homes were lost, of which 3,995 were in the province of Las Palmas and 1,054 in that of Santa Cruz de Tenerife.
The total number of rental homes at the end of 2024 was 33,601, while a year earlier the figure was 38,650 possibilities.
Nearly 100 people compete for each apartment in the archipelago
The study by the Alquiler Seguro Foundation also highlights that the Canary Islands is one of the autonomous communities in the entire country that is most exposed to imbalances between supply and demand, with an average pressure of 92 contacts per home that comes onto the market.
This figure has grown considerably compared to the previous year, when it was 61 contacts per home that comes onto the market.
With 94 people contacting each individual or professional who puts their home on the market, Santa Cruz de Tenerife is positioned as one of the ten provinces with the highest pressure in the country. In 2023, the figure was 83.
Its province of Las Palmas follows very closely, where the pressure is at 90 interested parties per home, although here the year-on-year increase is greater, since in 2023 it was 41, the barometer concludes.
