The number of mortgages on homes formalized in the Canary Islands increased by 16.8% throughout 2025 compared to the previous year, according to data published this Thursday by the National Statistics Institute (INE).
The archipelago noted, in any case, the fifth lowest increase in the country, in a period in which operations of that type increased in all autonomous communities, with an average growth of 17.8% throughout Spain, according to the latest Mortgage Statistics prepared by the INE.
That details that the greatest increases of the whole year occurred in Cantabria (42.8%), La Rioja (37.0%), and Region of Murcia (28.6%), while the smallest were registered in Madrid (2.9%), Navarra (5.7%), and Balearic Islands (12.8%).
The INE also reports on the evolution of mortgages on homes in the month of December, when the Canary Islands was the third autonomous community where they increased the most compared to the same month in 2024, by 29.1%, reaching the figure of 1,239.
The capital lent on their behalf rose, in total, to 184.82 million euros, the INE details, which also explains that in December there were year-on-year increases in the number of mortgages constituted on homes in all autonomous communities except Asturias, which had a decrease of 4.1%.
The highest annual variation rates were recorded in La Rioja (35.3%), Castilla La Mancha (30.6%), and Canarias (29.1%), and the lowest in Madrid (5.3%), Aragón (6.1%), and Murcia (9%), it reveals.
