Which municipalities top the price ranking?

Adeje in southern Tenerife leads the Canary ranking at 4,013 euros per square metre, as INE reports in its Indicadores Urbanos. That is 95.7% more than the Spanish average of 2,051 euros.

Mogán follows directly behind at 3,803 euros and San Bartolomé de Tirajana at 3,737 euros, both in Gran Canaria. Their values sit 85.4% and 82.2% above the national benchmark.

Tías in Lanzarote also ranks among Spain's top 25 municipalities at 3,633 euros per square metre. Guía de Isora, Arona and La Oliva complete the seven Canary municipalities in the top 50.

How much does a flat in the south actually cost?

An 80-square-metre flat in Adeje works out at 321,040 euros, based on the INE figure. In San Bartolomé de Tirajana the same floor area would cost 298,960 euros.

The Fotocasa index for September 2026 lists even higher asking prices: 5,177 euros per square metre in Guía de Isora and 4,895 euros in Adeje. An 80-square-metre flat in Playa de las Américas was put at 539,112 euros.

For residents wanting to buy in the south, the pressure keeps mounting. According to INE, the gap between Adeje and the cheapest municipality, Ingenio, is a factor of 3.55.

How sharply are prices rising in the municipalities?

Adeje became 13.1% more expensive within a year, which is 464 euros more per square metre. San Bartolomé de Tirajana rose by 11.8%, while Mogán climbed more moderately by 3.6%.

The biggest jumps, however, came elsewhere: Güímar rose by 21.1% to 1,837 euros, and La Orotava by 20.2% to 1,611 euros. Los Llanos de Aridane in La Palma gained 20.1% to reach 2,098 euros.

All 30 Canary municipalities studied recorded price increases. In 25 of them, the rise exceeded the 7.9% that INE reports for Spain as a whole.

How high are rents in the tourist centres?

San Bartolomé de Tirajana reaches 22 euros per square metre in rent, according to an ODESOCAN analysis. In Arico in Tenerife, by contrast, it is only 7.7 euros per square metre.

Taking available supply into account, Tías in Lanzarote is even higher at 23.3 euros per square metre. Tourist demand and holiday letting are seen as additional price drivers.

In Adeje, according to the same analysis, 31.4% of the housing stock consists of tourist or short-term let flats. In San Bartolomé de Tirajana the figure is 27.6%.

How do the capitals compare?

Santa Cruz de Tenerife rose by 16.6% to 2,000 euros per square metre. Las Palmas de Gran Canaria gained 13.8% to reach 2,064 euros.

Both capitals are therefore close to the Spanish average of 2,051 euros. Santa Cruz remains just below it, while Las Palmas sits slightly above.

The cheapest municipalities in the Canaries are Ingenio at 1,132 euros, Gáldar at 1,173 euros and Icod de los Vinos at 1,206 euros per square metre.

Which questions about the price data remain open?

The INE data come from the Indicadores Urbanos and compare the years 2024 and 2025. INE has not published newer official municipal figures for 2026 in the available results.

ISTAC confirms the Canary-wide trend: in the 2nd quarter of 2026 the estimated value for free-market flats stood at 2,279.4 euros per square metre, 14.2% more than a year earlier. No source gives a concrete date for the next municipal ranking.