Between the years 2018 and 2025, the Canary archipelago has lost a total of 8,676 homes for habitual residential rental, representing a drop of 32.6% in the available supply on the real estate portal idealista. The number of properties for permanent rental went from 26,564 in 2018 to just 17,888 in 2025.
This decline reflects the trend in Spain as a whole, where the supply of long-term rentals decreased by 44% in the same period, going from 902,664 listings to 510,091. However, the Canary gap shows provincial and urban dynamics with significant contrasts.
The province of Las Palmas, the main focus of the decline with 7,746 fewer homes on offer, going from 16,596 listings in 2018 to 8,850 in 2025, which represents a reduction of close to 46.7%.
The province of Santa Cruz de Tenerife suffered a more moderate but constant impact, losing 930 rental properties (from 9,968 in 2018 to 9,038 in 2025, a decrease of 9.3%).
Canary capitals: collapse in Las Palmas de Gran Canaria
The impact on the two island capitals shows different realities in terms of volume, although both register significant drops.
Las Palmas de Gran Canaria vived a drastic adjustment in the market. The Gran Canaria capital went from having 9,939 permanent rental listings in 2018 to having only 4,469 in 2025. This represents a net loss of 5,470 homes (-55%).
Meanwhile, Santa Cruz de Tenerife saw its long-term rental supply reduced by 1,217 homes, falling from 3,360 in 2018 to 2,143 in 2025 (-36.2%).
By regions, the Community of Madrid led the national collapse with 137,411 fewer homes (-54%), followed by Catalonia with a loss of 124,582 (-71%).
In the urban sphere, Barcelona capital lost 83% of its habitual residential rental supply, going from 113,853 to 19,723 listings. At the opposite extreme, La Rioja was the only autonomous community where the supply managed to grow (+282 listings).
The methodology used by idealista/data for this report exclusively analyzes active permanent rental listings, expressly excluding seasonal rental and room rental modalities.
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