According to the monthly report on sales prices from pisos.com, the price of second-hand housing in the Canary Islands in November 2025 was an average of 2,389 euros per square meter. This figure registered an increase of 0.24% compared to October, the third highest in the country. Year-on-year, it rose by 0.89%.
Canary Islands was the fifth most expensive autonomous community in the country, behind the Balearic Islands (5,114 euros), among others. Regarding second-hand housing in Spain, in November 2025 it registered an average price of 2,420 euros per square meter, showing a monthly increase of 0.10%. From one year to the next, the figure registered marked a rise of 3.04%
In the mortgage sector, the slight easing of interest rates has given buyers some breathing room, but the environment remains challenging. "Banks maintain prudent criteria and buyers need a solid financial foundation to access credit," assures Ferran Font, Director of Studies at pisoss.com.
In this regard, **sales** continue to show relevant figures. "The volume of transactions is solid, supported by solvent buyers and investors, while first-time home purchases remain weakened by the lack of prior savings and high prices." For Font, "the big challenge remains housing supply, as it continues to be far below the country's real needs."
Price Drop in the Canary Islands Capitals
Monthly, both Canary provinces increased, with Las Palmas' increase (0.08%) being more contained than Santa Cruz de Tenerife's (0.41%), which was the fifth most intense in Spain. Compared to last year, Las Palmas (1.56%) grew more than Santa Cruz de Tenerife (0.22%), which showed the most contained rebound in the country. In terms of prices, Santa Cruz de Tenerife (€2,439/m²) was eighth in the general ranking, and Las Palmas (€2,342/m²) was ninth.
Regarding the **Canary Islands capitals**, Las Palmas de Gran Canaria (-0.06%) fell slightly less than Santa Cruz de Tenerife (-0.22%) in the last month. From one year to the next, Santa Cruz de Tenerife (-7.87%) was the third-largest adjustment in the country, while Las Palmas de Gran Canaria (-4.23%) showed a more moderate drop. With 2,652 euros per square meter in November 2025, Las Palmas de Gran Canaria was the most expensive Canary Islands capital. Santa Cruz de Tenerife (€2,312/m²) was cheaper.