Second‑hand homes jump 21.3% in the Canary Islands in 2025
Spain closed the year with a 20.5% increase, the biggest jump in the 20‑year historical series.
The price of second‑hand homes in the Canary Islands jumped 21.3% in 2025, reaching €3,319 per square metre, according to the report “Second‑hand Housing in 2025” based on the Fotocasa Real‑Estate Index.
Across Spain, the same 20.5% rise set a new record for the past two decades. The portal noted that the December price stood at €2,879 per square metre.
“The demand quadruples the supply,” explained María Matos, director of studies and spokesperson for Fotocasa.
Structural Housing Gap of 100,000 Units
Matos added that several factors—post‑pandemic preference shifts and demographic momentum—have created a structural gap: more than 200,000 new households are formed each year, while only about 100,000 new dwellings are built.
“This imbalance makes a price decline in the short term very unlikely,” she concluded.
Regional Breakdown
At the end of 2025, the autonomous communities with the highest annual price growth were:
- Murcia – 29.6%
- Valencian Community – 24.4%
- Asturias – 24.0%
- Cantabria – 22.9%
- Andalusia – 22.2%
- Madrid – 21.7%
- Canary Islands21.3%
Other notable increases: Catalonia (15%), Balearic Islands (14.6%), Galicia (13.2%), Basque Country (12.1%).
The most modest rises occurred in Navarra (8%), Castilla‑La Mancha (5.2%), and La Rioja (1.5%).
In terms of absolute price, the ranking is led by:
- Balearic Islands – €5,267/m²
- Madrid – €5,206/m²
Both regions have surpassed the €5,000/m² threshold, far above the national average. They are followed by the Basque Country (€3,681/m²), the Canary Islands (€3,319/m²) and Catalonia (€3,247/m²).
Price Increases in 96% of Provinces
The report shows that 48 provinces (96%) recorded price growth in 2025, with only two seeing declines.
Top Provincial Gains
- Murcia – 29.6%
- Valencia – 28.0%
- Asturias – 24.0%
- Cantabria – 22.9%
- Santa Cruz de Tenerife – 22.7%
Provinces with Declines
- Soria – ‑9.6%
- Teruel – ‑9.6%
The five provinces with the highest average prices at year‑end remain unchanged:
- Balearic Islands – €5,267/m²
- Madrid – €5,206/m²
- Málaga – €4,364/m²
- Gipuzkoa – €4,364/m²
- Santa Cruz de Tenerife – €3,668/m²
Concentration of Highest Prices in Tourist Municipalities
Price growth was recorded in 576 municipalities, while 66 experienced a drop, with the most pronounced increase in Vandellòs i l’Hospitalet de l’Infant (Tarragona) at +80%. Other strong performers include Sant Fruitós de Bages (Barcelona) +69.8%, Albal (Valencia) +66.5%, Vera (Almería) +65.2%, and Dolores (Alicante) +63.4%.
Fotocasa notes that the highest absolute prices are clustered in tourist towns and major urban areas. In 2025, 13 municipalities exceeded €6,000 per square metre. The top five are:
- Santa Eulària des Riu (Balearic Islands) – €8,494/m²
- Eivissa – €7,689/m²
- Sant Antoni de Portmany – €7,608/m²
- Sant Josep de sa Talaia – €7,440/m²
- Donostia – €7,155/m²
At the opposite end, the cheapest municipality was Villanueva del Arzobispo (Jaén) at €623/m², followed by Torreperogil (Jaén) €658/m², La Carolina (Jaén) €683/m², Montijo (Badajoz) €698/m², and Jamilena (Jaén) €709/m².