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Canary Islands housing prices hit record highs: A detailed look at the latest market trends

Housing prices in the Canary Islands have increased by 15.4% over the past year, reaching a record high of 2,592 euros per square meter, according to the latest data from Idealista.

The price of pre-owned housing in the Canary Islands has surged by 15.4% over the past year, reaching an average of 2,592 euros per square meter, according to the latest data from idealista. This increase marks a 2.1% rise quarter-on-quarter and sets a new record high for housing prices in the region since records began.


Price trends vary across the Canary Islands provinces, with Las Palmas experiencing a 12.1% increase to 2,436 euros per square meter, and Santa Cruz de Tenerife seeing an even steeper rise of 18%, pushing prices to 2,721 euros per square meter. Both provinces are witnessing historical highs in their real estate markets.

Canary Islands housing prices hit record highs: A detailed look at the latest market trends

In the Las Palmas province, Tías leads with a dramatic 26.2% year-on-year price increase. This is followed by Agüimes and Arrecife, which saw prices climb by 20.1% and 17.1%, respectively. Conversely, Firgas, Moya, and Valsequillo experienced price drops of 4.4%, 4.1%, and 3.6%. Las Palmas de Gran Canaria itself saw an 8.3% rise, reaching a new peak of 2,302 euros per square meter.

San Bartolomé de Tirajana remains the most expensive market in Las Palmas province at 3,899 euros per square meter, while Moya offers the most affordable housing at 1,054 euros per square meter.

Canary Islands housing prices hit record highs: A detailed look at the latest market trends

In the Santa Cruz de Tenerife province, Guía de Isora and La Orotava recorded the largest increases of 37.7% and 32.6%. However, Santa Cruz de La Palma saw a decrease of 6.4%. In the city of Santa Cruz de Tenerife, the price of pre-owned housing rose by 12.4% to 1,990 euros per square meter over the year.

Adeje tops the list as the most expensive municipality in the province at 3,906 euros per square meter, while Santa Cruz de La Palma remains the most economical at 1,484 euros per square meter.


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