Rent prices in La Oliva rose 14.3% over the past year

La Oliva registers the highest increase in the province, while the Canary Islands average an 8.2% year‑on‑year rise, compared with an 8.5% increase nationwide.

Canary Islands Rental Market

• Over the last 12 months, the average rent for housing in the Canary Islands grew 8.2%, reaching €15.3 per square metre at the end of December 2025 – the highest price in the autonomous community.
• In the most recent quarter, rents rose an additional 1.4% across the islands, according to a report released on Friday by Idealista.

Provincial breakdown

• Santa Cruz de Tenerife: rents up 8.6%, to €15.1 /m².
• Las Palmas: rents up 8.1%, to €15.4 /m².

Las Palmas province

• Capital (Las Palmas de Gran Canaria): +8.2% (≈ €14 /m²).
• La Oliva leads the province with a 14.3% increase, followed by Agüimes (+10.8%) and Telde (+10.1%).
• The most exclusive market is San Bartolomé de Tirajana at €21.5 /m², while Santa Lucía de Tirajana is the cheapest at €10.9 /m².

Santa Cruz de Tenerife province

• The provincial capital saw rents climb 13.6% to €13.3 /m².
• The sharpest rise occurred in San Miguel de Abona (+21.6%), followed by Guía de Isora (+16.3%).
• Adeje (€19.5 /m²) and Arona (€18.9 /m²) represent the upper end of the market, whereas La Orotava (€10.7 /m²) remains the most affordable.

Spain’s Rental Market

• Nationwide, rents increased 8.5% year‑on‑year, reaching €14.7 per square metre by the end of December 2025 (Idealista).
• Among the 50 Spanish capitals analyzed, 25 recorded their highest prices this quarter. All but San Sebastián (prices fell 0.5%) have risen since December 2024. Ceuta posted the steepest annual growth at 17.9%.

Cities with the biggest jumps

• Madrid (+9.7%)
• Alicante (+8.3%)
• Seville (+7.0%)
• Valencia (+6.4%) and Palma (+6.4%)
• Málaga (+4.7%)
• Bilbao (+3.1%)
• Barcelona (+1.9%) – the most expensive capital for renting a home at €23.8 /m², followed by Madrid (€22.7 /m²) and Palma (€18.3 /m²).

Cities with the lowest prices

• Zamora (€7.6 /m²)
• Ciudad Real, Badajoz and Lugo (€7.9 /m² each)

Autonomous community trends

• All regions saw price increases over the past year. The strongest gains were in:

  • Castilla‑La Mancha (+11.7%)
  • La Rioja (+10.6%)
  • Madrid (+10.4%)
  • Andalusia (+9.9%)
  • Aragón (+9.9%)
  • Comunitat Valenciana (+9.7%)
  • Castilla y León (+9.5%)

• Catalonia recorded the smallest rise at 3%.

• Most expensive regions (average rent per m²):

  • Madrid (€20.8)
  • Balearic Islands (€19.1)
  • Catalonia (€18.6)
  • Canary Islands (€15.3)

• Cheapest regions:

  • Extremadura (€7.3)
  • Castilla‑La Mancha (€8.2)
  • Region of Murcia (€9.0)

Market Challenges

“The biggest problem in the rental market is the lack of available supply, which forces landlords to receive a flood of applications and choose those that offer them the greatest security. This means many families are systematically excluded.”

“There is an elitisation of rentals,” says Idealista spokesperson Francisco Iñareta. “Landlords also face the cost of maintaining price controls in the areas where they have been imposed, a cost ultimately borne by those seeking a home.”

“We are witnessing a battle between tenants: those who benefit from coercive measures against landlords versus those who cannot find a home as a consequence of those same measures,” Iñareta added.