Canary Islands, the region where home sales fall the most, while their price rises by 13.4%.

Nationally, however, sales grew by 6.2% year-on-year in August, while prices advanced by 4.3%.

October 10 2024 (10:36 WEST)
Updated in October 10 2024 (11:54 WEST)
Aerial view of homes in Arrecife
Aerial view of homes in Arrecife

Home sales in the Canary Islands fell by 5.3% year-on-year in August, the largest decrease in the country, while prices have grown by 13.4% in a year, according to data from the General Council of Notaries.

In Spain as a whole, however, sales grew by 6.2% year-on-year, while prices advanced by 4.3%.

Home sales grew in thirteen communities and decreased in the remaining four. In addition to the Canary Islands, sales fell in Aragon (-1.7%), Galicia (-1.1%) and La Rioja (-0.3%).

The largest increases in sales were located in Castilla y León (22.5%), Asturias (16.5%), Castilla-La Mancha (15.4%), Navarra (14.2%), Extremadura (11.8%) and Murcia (7.3%).

The increases were below the average in the Basque Country (6%), Andalusia (5.9%), Catalonia (5.6%), Madrid (5.5%), Cantabria (5.2%), Valencian Community (3.7%) and the Balearic Islands (0.02%).

 

Canary Islands, the fourth community where prices grew the most

In addition to the Canary Islands, housing became more expensive in Castilla-La Mancha (62.9%), Navarra (25.6%) and Asturias (17.1%).

More moderate increases were recorded in Cantabria (7.7%), Valencian Community (7.5%), Castilla y León (7.2%), Balearic Islands (6%), Aragon (5.1%), Madrid (5.1%) and Extremadura (4.1%).

In contrast, housing prices recorded declines in La Rioja (-6.8%), Basque Country (-6.6%), Galicia (-4.3%) and Andalusia (-0.02%).

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