The Canary Islands continue to strengthen their position as one of Spain’s most attractive destinations for foreign property buyers. In the first half of 2025, foreigners purchased 4,629 properties across the archipelago — a 7.7% increase compared to the same period in 2024. This means that, on average, 26 homes were sold to foreign buyers every day between January and June.
Record Demand and Rising Prices
Of the total transactions, 2,666 properties were bought by non-resident foreigners, representing 9.6% of all homes purchased by non-residents throughout Spain. This is an unprecedented figure, as the Canary Islands have never before seen such high foreign demand.
At the same time, the average price per square metre climbed to €2,890, marking a 14.5% rise — one of the sharpest increases in the country. This upward trend highlights both the growing appeal of the Islands and the rising cost of property ownership within them.
Who’s Buying?
Among non-resident foreigners, Germans dominate the market, accounting for 22.5% of all purchases, followed by British buyers with 7.5%. For resident foreigners, the leading nationalities are Germans (22%) and Italians (11.6%), according to data from the General Council of Notaries.
The report also notes a subtle shift:
“The dynamism of resident buyers contrasts with the slight correction among non-residents, reflecting a change from the second half of 2024, when both groups had grown at a similar rate.”
Regional Comparison
Foreign purchases rose notably in several regions of Spain, such as Asturias (+30.8%), Castile and León (+25.9%), Galicia (+14.3%), and Castile-La Mancha (+11.7%). However, some areas experienced declines, including the Canary Islands (-7.7%), the Balearic Islands (-6.8%), Navarra (-3.7%), and the Valencian Community (-3.6%).
Even so, non-resident foreigners continued to pay significantly higher prices than Spanish buyers, confirming the sustained attractiveness of the archipelago as a premium property market.
