The housing price grew by 2.3% in the Canary Islands during the first three months of 2026 and 18.4% compared to the same period last year, according to data published by Fotocasa's real estate index. In the archipelago, buying a home costs an average of 3,397 euros per square meter.
The Canary Islands thus become the fourth autonomous community with the highest rental prices.
“The Canary archipelago closes the first quarter of 2026 showing a growth trend that, although still solid, reflects a slight moderation in its quarterly acceleration rate. With an increase of 2.3%, the Canary Islands registers its lowest quarterly rise for this period in the last six years. However, this data should not hide the strong pressure that the Canary market continues to suffer, which presents a year-on-year growth of 18.4%", said María Matos, Director of Studies and spokesperson for Fotocasa.
Thus, Matos has added that "despite the quarterly moderation compared to previous years, the Canary market remains immersed in a phase of high prices that hinders access to housing. The persistence of this imbalance between supply and demand continues to be the main factor that keeps the Canary Islands at the top of the national price ranking.”
The fourth autonomy with the highest prices
In the Autonomous Communities, this first quarter of 2026 presents with 17 quarterly and year-on-year increases. The Community with the largest quarterly increase is Navarre (6.4%), followed by Region of Murcia (4.8%), Andalusia (4.7%), Valencian Community (3.5%), Asturias (3.5%), Catalonia (3.3%), Madrid (3.2%), Galicia (3.2%), Castile and Leon (2.5%), Balearic Islands (2.4%), Canary Islands (2.3%), Basque Country (2.1%), Cantabria (1.9%), Extremadura (1.7%), La Rioja (1.5%), Castile-La Mancha (1.3%) and Aragon (1.1%).
As for the price ranking by communities, Balearic Islands and Madrid, occupy the top positions, and exceed the 5,000 euro barrier, specifically 5,395 euros/m2 is paid for the Balearic Islands, followed by Madrid with 5,372 euros/m2.
They are followed by the communities of Basque Country with 3,758 euros/m2, Canary Islands with 3,397 euros/m2, Catalonia with 3,354 euros/m2, Andalusia with 2,860 euros/m2, Valencian Community with 2,712 euros/m2, Cantabria with 2,583 euros/m2, Asturias with 2,317 euros/m2, Navarre with 2,291 euros/m2, Galicia with 2,209 euros/m2, Region of Murcia with 2,017 euros/m2, Aragon with 1,894 euros/m2, La Rioja with 1,844 euros/m2, Castile and León with 1,719 euros/m2, Castile-La Mancha with 1,358 euros/m2 and Extremadura with 1,325 euros/m2.
Rises more in the province of Las Palmas
The two provinces have quarterly increases in the first quarter of the year and are: Las Palmas (3.0%) and Santa Cruz de Tenerife (1.6%).
The order of the provinces with the price of housing from highest to lowest is: Santa Cruz de Tenerife with 3,725 euros/m2 and Las Palmas with 2,860 euros/m2.
The 13 of the 20 cities with price increases from highest to lowest are: Mogán (15.1%), San Bartolomé de Tirajana (14.3%), Los Realejos (9.0%), Las Palmas de Gran Canaria (5.6%), Puerto del Rosario (4.6%), Arucas (4.3%), San Miguel de Abona (4.0%), Granadilla de Abona (2.5%), Santa Lucía de Tirajana (2.1%), Santiago del Teide (1.4%), Arona (1.0%), Guía de Isora (0.8%) and Arrecife (0.7%).
The order of the five municipalities with the highest price is: Adeje with 5.041 euros/m2, Mogán with 4.871 euros/m2, Guía de Isora with 4.863 euros/m2, San Bartolomé de Tirajana with 4.512 euros/m2 and Arona with 4.139 euros/m2. On the other hand, the most affordable municipalities are: Ingenio with 1.500 euros/m2, Puerto del Rosario with 1.789 euros/m2, Santa Lucía de Tirajana with 1.962 euros/m2 and Telde with 1.983 euros/m2.