Pre-owned housing prices surge in the Canary Islands, rising sharply in April
Housing costs continue to climb sharply across the archipelago, reflecting strong demand and limited supply in the pre-owned market.
Economy
The dry dock boosting Tenerife’s maritime future
The arrival of the ‘Hidramar Ultra 22000’ bolsters the port’s industrial capacity and opens up new employment opportunities on the island of Tenerife.
Foreign buyers have acquired 90,000 homes in the Canary Islands over the past decade, more than a third of all transactions
International demand continues to play a decisive role in shaping both property prices and housing availability across the islands.
Canary Islands property market breaks historic ceiling as prices surpass 2007 peak
For many residents of the islands, buying a home is becoming increasingly out of reach as prices continue to rise faster than incomes.
Bad news for the wallet: The sectors where prices are rising the most in the Canary Islands
Restaurants, healthcare and financial services are among the categories pushing household spending higher.
Regional president seeks to curb foreign home purchases in the Canary Islands and acknowledges “tough battle” ahead
The regional government argues that without regulatory changes and a significant increase in housing supply, growing demand will continue to outpace construction capacity.
Conflict in the Middle East drives up freight, fuel and feed costs in the Canary Islands
Higher shipping, insurance and raw material costs are beginning to filter through to local producers, raising concerns about further price increases if the conflict continues.
House prices in the Canary Islands surge 12% and exceed 2007 property bubble peak
Limited housing supply and sustained demand continue to push prices higher, increasing pressure on buyers across the islands.
Tenerife hosts the most expensive neighbourhood in the Canary Islands, with prices more than double the national average
Strong demand, limited supply and growing foreign interest are continuing to push prices to record levels, especially in the south of Tenerife.
Buying a home in the Canary Islands is now €40,000 more expensive than a year ago
Strong demand and limited housing supply are pushing property prices sharply higher across the archipelago, putting home ownership increasingly out of reach for local residents.