Housing sales in the Canary Islands fall 8.1% in June as prices jump 13.2%

Average price per square metre of residential property: €2,160

The purchase of residential properties in the Canary Islands dropped 8.1% year‑on‑year in June, falling to 2,240 transactions. At the same time, the average price per square metre increased 13.2%, reaching €2,150, according to data from the General Council of Notaries.

National context

• Across Spain, housing sales rose 5.9% year‑on‑year, reaching 68,128 transactions.
• Mortgage lending for home purchases grew 16.6% year‑on‑year, with 35,918 loans granted.

Average price per square metre in Spain

• Nationwide average: €1,906 per square metre, up 8% year‑on‑year.
• Highest regional increases:
  • La Rioja +23.4%
  • Castilla y León +21.2%
  • Region of Murcia +14.5%

By type of dwelling

• Flats: sales up 2.9% year‑on‑year, totaling 51,208 units.
  • Average price: €2,173 per square metre (+9.9%).
• Detached houses: sales up 16.2% year‑on‑year, reaching 16,921 units.
  • Average price: €1,459 per square metre (+7.5%).

Sales growth by autonomous community

Housing sales increased in 14 of the 17 regions and fell in the remaining three:

• Declines:

  • Cantabria ‑13.9%
  • Canary Islands ‑8.1%
  • Community of Madrid ‑3.6%

• Above‑average growth observed in:

  • Region of Murcia +18.9%
  • Castilla y León +16.5%
  • Basque Country +11.8%
  • Catalonia +11.2%
  • Aragón +11.0%
  • Extremadura +10.5%
  • Castilla‑La Mancha +9.3%
  • Asturias +7.6%
  • Andalusia +7.3%

Price increases across all regions

The national average price per square metre rose 8% year‑on‑year, with gains in every autonomous community. The strongest jumps were:

• La Rioja +23.4%
• Castilla y León +21.2%
• Region of Murcia +14.5%

Regional price growth ranking:

1. Canary Islands +13.2%
2. Community of Madrid +11.8%
3. Catalonia +11.4%
4. Aragón +10.3%
5. Valencian Community +9.8%
6. Extremadura +9.0%
7. Balearic Islands +8.6%
8. Cantabria +8.1%

Mortgage loan activity

• Mortgage loans for home purchases increased 16.6% year‑on‑year in June, reaching 35,918 operations.
• The average loan amount rose 10.3% year‑on‑year to €174,338.
• 52.7% of home purchases were financed through a mortgage, with the loan covering on average 72.6% of the purchase price.

Regional loan growth

Mortgage lending grew in 17 autonomous communities, with the highest percentage increases in:

• Extremadura +35.4%
• Valencian Community +23.0%
• Castilla y León +22.8%
• Aragón +20.5%

The average size of new mortgage loans also varied by region:

• Notable increases in Navarre (+22.7%) and Community of Madrid (+21.1%).
• Declines observed in Extremadura (‑17.2%) and Aragón (‑4.6%).